CD Skripsi
Pengaruh Fluktuasi Harga Minyak Sawit Dan Tbs Terhadap Kinerja Keuangan Perusahaan Minyak Kelapa Sawit Di Indonesia
ABSTRACT
Palm oil plantation area in Indonesia continues expanding significantly. Recent data show that it was 14.60 million ha in 2020. Development of palm oil industry cannot be separated from the roles of various actors in the supply chains, including palm oil companies and mills. The fluctuation of CPO and FFB prices could affect palm oil companies' income and companies’ financial performance. This study aims to analyze the financial performance of palm oil companies and the effect of CPO and FFB price fluctuations on companies' financial performance. The data source used is secondary data. Financial ratio analyses, graphical analysis, and simple linear regression analysis were used to answer the research questions. The results show that based on liquidity ratios, solvency ratios, activity ratios, and profitability ratios, the financial performance of palm oil companies, in general, has dynamic fluctuations. PT Astra Agro Lestari Tbk has the highest financial performance, while PT Jaya Agra Wattie Tbk has the lowest financial performance in terms of liquidity ratios. However the results also show that fluctuation in the price of CPO and FFB are not a determining factor for the companies’ financial performance.
Keywords: Financial performance, palm oil companies, CPO, FFB.
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