Tadulako University ,Jl. Soekarno Hatta No.KM. 9, Tondo, Kec. Mantikulore, Kota Palu, Sulawesi Tengah 94148
Abstract
This research aims to analyze the financial performance of PT Gudang Garam Tbk through profitability ratios during the 2020-2022 period. Financial performance is an important indicator to assess the extent to which a company is able to generate profits from its operational activities. In this research, several profitability ratios are used, namely Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), and Earning Per Share (EPS) as measuring tools. The method used is a descriptive approach with secondary data analysis obtained from the financial reports of PT Gudang Garam Tbk published on the Indonesia Stock Exchange. The research results showed that the company^s financial performance experienced a significant decline during that period. PT Gudang Garam Tbk^s NPM, ROA and ROE are below expected standards, with the sharpest decline occurring in 2022. In addition, EPS also shows a consistent downward trend, reflecting the negative impact of the company^s decline in revenue.
