Understanding Financial Performance

Oct 13, 2025 by leolavanderia.com.br 101 views

Comparative Analysis of Financial Performance PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk for the period 2019-2021

The manufacturing industry in Indonesia plays a vital role in meeting various human needs. Two prominent companies in the cigarette industry, PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk, continue to compete in the global market. A company's financial performance is a crucial factor in determining its sustainability and development. This article aims to analyze the comparison of the financial performance of the two companies during the 2019-2021 period.

Understanding Financial Performance

To compare the financial performance of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk, we need to examine several key aspects.

Profitability

Profitability reflects a company's ability to generate profits from its operational activities. Two commonly used profitability ratios are return on equity (ROE) and return on asset (ROA).

ROE shows the profitability of a company in utilizing its owner's capital.
ROA shows the profitability of a company in utilizing its assets.

Liquidity

Liquidity describes a company's ability to fulfill its short-term financial obligations. Two important liquidity ratios are current ratio and quick ratio.

Current ratio shows a company's ability to pay short-term obligations with its current assets.
Quick ratio shows a company's ability to pay short-term obligations with its most liquid current assets.

Solvency

Solvency measures a company's ability to meet its long-term financial obligations. Two commonly used solvency ratios are debt to equity ratio and times interest earned (TIE).

Debt to equity ratio shows the proportion of financing from debt and equity.
TIE shows a company's ability to pay off interest expenses with profits before interest and taxes.

Activity

Activities reflect a company's efficiency in managing its assets and operational activities. Two relevant activity ratios are inventory turnover ratio and days sales outstanding (DSO).

Inventory turnover ratio shows the speed of inventory turnover.
DSO shows the average number of days needed by a company to collect its receivables.

Comparative Analysis of Financial Performance

Based on the analysis of the comparative financial performance of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk during the 2019-2021 period, the following conclusions can be drawn:

PT. HM Sampoerna, Tbk

Has a higher profitability than PT. Gudang Garam, Tbk, shown by a larger ROE and ROA.
However, the company also has a higher level of leverage.

PT. Gudang Garam, Tbk

Has a stronger liquidity than PT. HM Sampoerna, Tbk, indicated by a higher current ratio and quick ratio.

Recommendations

PT. HM Sampoerna, Tbk

It is necessary to increase liquidity to maintain financial stability in the future.

PT. Gudang Garam, Tbk

Pay attention to operational efficiency and increase profitability.

Limitations of the Analysis

It is essential to remember that this analysis is only based on financial data and has not yet considered other factors such as marketing strategies, regulations, and macroeconomic conditions.

Conclusion

This analysis aims to provide a more comprehensive picture of the financial performance of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk and be a material consideration for investors and stakeholders.

Recommendations for Future Research

Future research should consider the following:

Analyzing the impact of marketing strategies on the financial performance of the two companies.
Examining the effect of regulations on the financial performance of the two companies.
Investigating the impact of macroeconomic conditions on the financial performance of the two companies.

By considering these factors, a more comprehensive understanding of the financial performance of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk can be achieved.
Frequently Asked Questions (FAQs) about Comparative Analysis of Financial Performance PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk for the period 2019-2021

In this article, we will address some of the frequently asked questions about the comparative analysis of financial performance of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk for the period 2019-2021.

Q: What is the purpose of the comparative analysis of financial performance of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk?

A: The purpose of the comparative analysis is to examine the financial performance of the two companies during the 2019-2021 period and identify areas of strength and weakness.

Q: What are the key aspects of financial performance that were analyzed in the study?

A: The key aspects of financial performance that were analyzed in the study include profitability, liquidity, solvency, and activity.

Q: What are the commonly used profitability ratios in the study?

A: The commonly used profitability ratios in the study are return on equity (ROE) and return on asset (ROA).

Q: What are the commonly used liquidity ratios in the study?

A: The commonly used liquidity ratios in the study are current ratio and quick ratio.

Q: What are the commonly used solvency ratios in the study?

A: The commonly used solvency ratios in the study are debt to equity ratio and times interest earned (TIE).

Q: What are the commonly used activity ratios in the study?

A: The commonly used activity ratios in the study are inventory turnover ratio and days sales outstanding (DSO).

Q: What were the findings of the study regarding the profitability of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk?

A: The study found that PT. HM Sampoerna, Tbk has a higher profitability than PT. Gudang Garam, Tbk, as indicated by a larger ROE and ROA.

Q: What were the findings of the study regarding the liquidity of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk?

A: The study found that PT. Gudang Garam, Tbk has a stronger liquidity than PT. HM Sampoerna, Tbk, as indicated by a higher current ratio and quick ratio.

Q: What were the findings of the study regarding the solvency of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk?

A: The study found that PT. HM Sampoerna, Tbk has a higher level of leverage than PT. Gudang Garam, Tbk.

Q: What were the findings of the study regarding the activity of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk?

A: The study found that PT. HM Sampoerna, Tbk has a faster inventory turnover ratio than PT. Gudang Garam, Tbk.

Q: What are the implications of the study for investors and stakeholders?

A: The study provides a comprehensive picture of the financial performance of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk and can be used as a material consideration for investors and stakeholders.

Q: What are the limitations of the study?

A: The study is limited to an analysis of financial data and does not consider other factors such as marketing strategies, regulations, and macroeconomic conditions.

Q: What are the recommendations for future research?

A: Future research should consider the impact of marketing strategies, regulations, and macroeconomic conditions on the financial performance of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk.

By addressing these frequently asked questions, we hope to provide a better understanding of the comparative analysis of financial performance of PT. HM Sampoerna, Tbk and PT. Gudang Garam, Tbk for the period 2019-2021.