Comparative Analysis Of Profitability Ratios In Beverage Companies (Case Study Of Pt Ultrajaya Milk Industry And Pt Cisarua Mountain Dairy Tbk
Keywords:
Financial Performance ProfitabilityAbstract
This study aims to identify and analyze the comparison of one financial ratio, namely the Profitability Ratio, between two beverage companies listed on the Indonesia Stock Exchange: PT Ultrajaya Milk Industry Tbk (ULTJ) and PT Cisarua Mountain Dairy Tbk (CMRY). The analysis focuses on the Gross Profit Margin (GPM), Operating Profit Margin (OPM), Net Profit Margin (NPM), and Return on Assets (ROA). The research method employed is descriptive research using quantitative data. Data collection was conducted by downloading the annual reports of PT Ultrajaya Milk Industry Tbk and PT Cisarua Mountain Dairy Tbk from the official website of the Indonesia Stock Exchange. The results indicate that PT Cisarua Mountain Dairy Tbk (CMRY) has better profitability ratios, with a GPM of 41.58% in 2023 compared to PT Ultrajaya Milk Industry Tbk (ULTJ) at 32.41%, as well as higher OPM, NPM, ROA, and ROE. These findings reflect the efficiency of PT Cisarua Mountain Dairy Tbk (CMRY) in managing production costs, operations, and assets. This study provides insights for investors and management in evaluating company performance and financial strategies.References
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