ANALISIS KINERJA KEUANGAN PT WIJAYA KARYA (PERSERO) TBK DENGAN MENGGUNAKAN KEPUTUSAN MENTERI BUMN NOMOR: KEP-100/MBU/2002 PERIODE 2020-2025

Abstrak

This study analyzes the financial performance of PT Wijaya Karya (Persero) Tbk from 2020 to 2025 based on the Decree of the Minister of SOEs Number: KEP-100/MBU/2002. The research is driven by post-pandemic economic fluctuations and high debt burdens impacting the company's stability.

Using a descriptive quantitative method with audited secondary data, the study evaluates eight financial indicators: ROE, ROI, Cash Ratio, Current Ratio, Collection Period, Inventory Turnover, TATO, and the ratio of Equity to Total Assets (TMS/TA).

The results reveal a significant decline in performance, with profitability ratios (ROE and ROI) turning negative in 2023 and 2025. Consequently, the company’s health predicate dropped from "Less Healthy" (BB) to "Unhealthy" (CCC) due to high leverage and substantial net losses. The study concludes that the company’s financial health is below ideal standards. It is recommended that management prioritizes debt restructuring and asset optimization to restore profitability and improve its future financial position.