Analysis of The Cash Flow Statement on Financial Performance PT. Astra International Tbk.

Abstract

This study aims to analyze the relationship between cash flow statements and financial performance of PT Astra International Tbk (ASII) during the period 2022-2024. As a leading multinational company in Indonesia operating in various sectors including automotive, financial services, infrastructure, and energy, ASII's financial performance serves as an important indicator for investors and the national economy. This research employs a quantitative approach with case study method, utilizing secondary data from the company's annual financial reports. Analysis was conducted on operational cash flow and financial ratios including liquidity (Current Ratio), profitability (ROA, ROE, NPM), and solvency (DER). The results show that operational cash flow ratio experienced fluctuations with significant improvement in 2024 (0.338), indicating enhanced capability to generate cash from operational activities. Current Ratio decreased from 150.86% (2022) to 132.77% (2024), but remained above minimum standards. Profitability ratios showed fluctuating trends with highest ROA of 9.985% (2023), ROE reaching 17.77% (2023), and NPM of 14.1% (2023). Debt to Equity Ratio increased from 70% (2022) to 78% (2023) before declining to 74% (2024), indicating increased reliance on external financing. This study concludes that although ASII has relatively stable financial performance, challenges exist in maintaining operational efficiency amid global economic dynamics following the COVID-19 pandemic. Cash flow statements prove to be important instruments in assessing company's liquidity, solvency, and profitability, and can serve as a basis for strategic decision-making by management and stakeholders.