Analisis Perbandingan Kinerja Keuangan PT Alamtri Resources Indonesia Tbk & PT Bayan Resources Tbk (2020-2024)

Nour Moutia; M. Yusuf; Neneng Miskiyah

doi:10.61132/manuhara.v4i3.2637

Authors

Nour Moutia Politeknik Negeri Sriwijaya
M. Yusuf Politeknik Negeri Sriwijaya
Neneng Miskiyah Politeknik Negeri Sriwijaya

DOI:

https://doi.org/10.61132/manuhara.v4i3.2637

Keywords:

Comparative Analysis, Financial Performance, Liquidity, Profitability, Solvency

Abstract

This study analyzes and compares the financial performance of PT Alamtri Resources Indonesia Tbk (ADRO) and PT Bayan Resources Tbk (BYAN) using three main indicators, namely liquidity, profitability, and solvency ratios. The research adopts a quantitative descriptive approach, using secondary data obtained from the financial statements for the 2020–2024 period published by both companies. The comprehensive data analysis results show that ADRO has an advantage in liquidity and solvency ratios, which reflect the company’s ability to meet its short-term obligations and maintain a relatively healthy, stable, and consistent capital structure throughout the observation period. On the other hand, BYAN demonstrates better performance in profitability ratios, as indicated by higher and more consistent profit generation compared to ADRO. The findings of this study suggest that BYAN is more focused on achieving profits through the efficient utilization of its assets and equity. In contrast, ADRO tends to adopt a long-term financial management orientation with a more cautious strategy, enabling it to maintain stability and control risks more effectively.

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