Nur Asia Hamid , Sarnawiah, Ummul Chair, Nurwahidah, Abdul Hafid Burhami

Accounts Receivable Turnover Analysis To Assess Financial Performance at PT. Gudang Garam Tbk.Listed on the Indonesia Stock Exchange

Introduction

Accounts receivable turnover analysis to assess financial performance at pt. Gudang garam tbk.listed on the indonesia stock exchange. Analisis perputaran piutang PT. Gudang Garam Tbk (2019-2023) untuk menilai kinerja keuangan di BEI. Hasil menunjukkan peningkatan perputaran piutang di 2019, 2022, 2023 dan aman.

Abstract

Penelitian ini bertujuan untuk mengetahui dan menganalisis kinerja keuangan PT. Gudang Garam Tbk yang Terdaftar di Bursa Efek Indonesia. Metode yang digunakan dalam penelitian ini adalah kuantitatif dan kualitatif. Data yang digunakan dalam penelitian ini menggunakan data sekunder yaitu Data Laporan Keuangan PT. Gudang Garam Tbk yang Terdaftar di Bursa Efek Indonesia (BEI) 2019-2023 Hasil penelitian ini menunjukkan bahwa tingkat perputaran piutang PT. Gudang Garam Tbk pada tahun 2019, 2022, dan 2023 mengalami peningkatan dengan periode penagihan piutang yang lebih cepat, sedangkan pada tahun 2020, 2021 tingkat perputaran piutang mengalami penurunan dengan periode penagihan piutang yang sedikit lebih lama dibandingkan dengan tahun 2019, 2020, dan 2023, namun masih dikategorikan aman.

Review

The study titled "Accounts Receivable Turnover Analysis To Assess Financial Performance at PT. Gudang Garam Tbk. Listed on the Indonesia Stock Exchange" addresses a pertinent topic in financial analysis, focusing on a crucial aspect of working capital management for a prominent listed company. The primary objective, clearly stated, is to understand and analyze the financial performance of PT. Gudang Garam Tbk through the lens of accounts receivable turnover. This research is highly relevant for investors, creditors, and management interested in the liquidity and operational efficiency of companies within the Indonesian market. The methodology employed is described as both quantitative and qualitative, utilizing secondary financial statement data from 2019 to 2023. The research effectively leverages secondary financial data from PT. Gudang Garam Tbk's financial statements over a five-year period (2019-2023) to assess trends in accounts receivable turnover. The key findings indicate a fluctuating pattern: the accounts receivable turnover rate experienced an increase in 2019, 2022, and 2023, signifying a quicker collection period. Conversely, a decrease was observed in 2020 and 2021, leading to a slightly longer collection period compared to other years within the study's timeframe. Importantly, the abstract concludes that despite these fluctuations, the overall accounts receivable management remains "safe," implying that the company's liquidity and efficiency in managing its receivables are not critically impaired. This study presents a straightforward and valuable analysis of a key financial metric for a significant company. Its strength lies in its focused approach and the clear presentation of trends in accounts receivable management, offering practical insights into PT. Gudang Garam Tbk's operational efficiency over recent years. While the abstract provides a concise overview, a full paper would benefit from a more detailed explanation of the "qualitative" aspects mentioned in the methodology, the specific benchmarks or industry comparisons used to categorize the turnover as "safe," and a deeper discussion on the potential reasons behind the observed fluctuations, especially the impact of external factors such as the pandemic in 2020-2021. Nonetheless, this research contributes to understanding the financial dynamics of a major player on the Indonesia Stock Exchange, providing a solid foundation for further in-depth financial performance evaluations.

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