Profitability ratio analysis of PT Bumi Serpong Damai Tbk during 2023–2024

Abstract

The purpose of this study was to examine the financial performance of PT Bumi Serpong Damai Tbk during the 2023–2024 period.This study employs a descriptive quantitative method, with data obtained from the company’s financial statements in the form ofbalance sheets and income statements. The main data source used is documentation derived from official financial reports of PT Bumi Serpong Damai Tbk published through the Indonesia Stock Exchange (IDX). Profitability ratios were used as analytical tools tomeasure the company’s financial performance, consisting of Net Profit Margin (NPM), Return on Investment (ROI), and Return on Equity (ROE). The results show that the company’s financial performance, based on the Net Profit Margin ratio, is categorized ashealthy because the average value of 37.4% exceeds the industry standard of 20%. Meanwhile, the Return on Investment (4.92%) and Return on Equity (7.93%) are below the industry standards of 30% and 40%, respectively, indicating that the company’s asset andequity utilization efficiency remains weak. These findings suggest that PT Bumi Serpong Damai Tbk has strong operational profitability but needs to improve its financial management strategies to enhance asset efficiency and shareholder returns in the future.