ANALYSIS REPORT FINANCE PT. TELKOM INDONESIA (LIMITED) TBK 2023-2024 PERIOD

Authors

  • Naffal Rifki Universitas Malikussaleh ID
  • Miftahul Jannah Universitas Malikussaleh ID
  • Nabila Nur Ayuni Balqis Universitas Malikussaleh ID
  • Toha Universitas Malikussaleh ID
  • Aiyub Universitas Malikussaleh ID

DOI:

https://doi.org/10.5281/zenodo.20529084

Keywords:

Financial Analysis, Financial Performance, PT Telkom Indonesia, Profitability

Abstract

This study aims to evaluate the financial performance of PT Telkom Indonesia (Persero) Tbk during the 2023-2024 period using financial ratio analysis. As the largest state-owned telecommunications company, Telkom faces the challenges of digital transformation and dynamic market competition. The research method used is descriptive comparative, processing secondary data from the company's annual financial reports, including the balance sheet and income statement. The analysis results show that the company's liquidity has improved, as evidenced by the Current Ratio, which rose from 0.78 to 0.82, although still below the ideal standard. In terms of solvency, the company maintains a healthy capital structure with a Debt to Asset Ratio (DAR) of 46%. However, profitability is under pressure, with a decline in Net Profit Margin (NPM) to 20.5% due to increased operating expenses. The activity ratio also recorded a slowdown in accounts receivable turnover to 12.30 times. Overall, Telkom has strong financial fundamentals but needs to improve operational efficiency and optimize accounts receivable collection to maintain future growth.

Author Biographies

Naffal Rifki, Universitas Malikussaleh

This study aims to evaluate the financial performance of PT Telkom Indonesia (Persero) Tbk during the 2023-2024 period using financial ratio analysis. As the largest state-owned telecommunications company, Telkom faces the challenges of digital transformation and dynamic market competition. The research method used is descriptive comparative, processing secondary data from the company's annual financial reports, including the balance sheet and income statement. The analysis results show that the company's liquidity has improved, as evidenced by the Current Ratio, which rose from 0.78 to 0.82, although still below the ideal standard. In terms of solvency, the company maintains a healthy capital structure with a Debt to Asset Ratio (DAR) of 46%. However, profitability is under pressure, with a decline in Net Profit Margin (NPM) to 20.5% due to increased operating expenses. The activity ratio also recorded a slowdown in accounts receivable turnover to 12.30 times. Overall, Telkom has strong financial fundamentals but needs to improve operational efficiency and optimize accounts receivable collection to maintain future growth.

Miftahul Jannah, Universitas Malikussaleh

This study aims to evaluate the financial performance of PT Telkom Indonesia (Persero) Tbk during the 2023-2024 period using financial ratio analysis. As the largest state-owned telecommunications company, Telkom faces the challenges of digital transformation and dynamic market competition. The research method used is descriptive comparative, processing secondary data from the company's annual financial reports, including the balance sheet and income statement. The analysis results show that the company's liquidity has improved, as evidenced by the Current Ratio, which rose from 0.78 to 0.82, although still below the ideal standard. In terms of solvency, the company maintains a healthy capital structure with a Debt to Asset Ratio (DAR) of 46%. However, profitability is under pressure, with a decline in Net Profit Margin (NPM) to 20.5% due to increased operating expenses. The activity ratio also recorded a slowdown in accounts receivable turnover to 12.30 times. Overall, Telkom has strong financial fundamentals but needs to improve operational efficiency and optimize accounts receivable collection to maintain future growth.

Nabila Nur Ayuni Balqis, Universitas Malikussaleh

This study aims to evaluate the financial performance of PT Telkom Indonesia (Persero) Tbk during the 2023-2024 period using financial ratio analysis. As the largest state-owned telecommunications company, Telkom faces the challenges of digital transformation and dynamic market competition. The research method used is descriptive comparative, processing secondary data from the company's annual financial reports, including the balance sheet and income statement. The analysis results show that the company's liquidity has improved, as evidenced by the Current Ratio, which rose from 0.78 to 0.82, although still below the ideal standard. In terms of solvency, the company maintains a healthy capital structure with a Debt to Asset Ratio (DAR) of 46%. However, profitability is under pressure, with a decline in Net Profit Margin (NPM) to 20.5% due to increased operating expenses. The activity ratio also recorded a slowdown in accounts receivable turnover to 12.30 times. Overall, Telkom has strong financial fundamentals but needs to improve operational efficiency and optimize accounts receivable collection to maintain future growth.

Toha, Universitas Malikussaleh

This study aims to evaluate the financial performance of PT Telkom Indonesia (Persero) Tbk during the 2023-2024 period using financial ratio analysis. As the largest state-owned telecommunications company, Telkom faces the challenges of digital transformation and dynamic market competition. The research method used is descriptive comparative, processing secondary data from the company's annual financial reports, including the balance sheet and income statement. The analysis results show that the company's liquidity has improved, as evidenced by the Current Ratio, which rose from 0.78 to 0.82, although still below the ideal standard. In terms of solvency, the company maintains a healthy capital structure with a Debt to Asset Ratio (DAR) of 46%. However, profitability is under pressure, with a decline in Net Profit Margin (NPM) to 20.5% due to increased operating expenses. The activity ratio also recorded a slowdown in accounts receivable turnover to 12.30 times. Overall, Telkom has strong financial fundamentals but needs to improve operational efficiency and optimize accounts receivable collection to maintain future growth.

Aiyub, Universitas Malikussaleh

This study aims to evaluate the financial performance of PT Telkom Indonesia (Persero) Tbk during the 2023-2024 period using financial ratio analysis. As the largest state-owned telecommunications company, Telkom faces the challenges of digital transformation and dynamic market competition. The research method used is descriptive comparative, processing secondary data from the company's annual financial reports, including the balance sheet and income statement. The analysis results show that the company's liquidity has improved, as evidenced by the Current Ratio, which rose from 0.78 to 0.82, although still below the ideal standard. In terms of solvency, the company maintains a healthy capital structure with a Debt to Asset Ratio (DAR) of 46%. However, profitability is under pressure, with a decline in Net Profit Margin (NPM) to 20.5% due to increased operating expenses. The activity ratio also recorded a slowdown in accounts receivable turnover to 12.30 times. Overall, Telkom has strong financial fundamentals but needs to improve operational efficiency and optimize accounts receivable collection to maintain future growth.

References

Agil, A. P. (2022). Analysis Influence Quality Service Customer Service To Loyalty Customers of Pt. Telkom Witel Purwokerto. Study Program Industrial Engineering Faculty of Industrial Engineering and Design of Telkom Institute of Technology Purwokerto.

Amalia, M., Rosianie, A. F., & Herosuma, A. R. (2025). Analysis report finance as base Financial performance assessment at PT Telkom Indonesia (Persero) Tbk. Remittance: Journal of Accounting, Finance, and Banking, 6(1). https://doi.org/10.56486/remittance.vol6no1.699

PT Telkom Indonesia (Limited) Tbk. (2024). Report annual 2024. Jakarta.

Putri, RA, & Nugroho, A. (2021). Financial ratio analysis to assess company performance. Journal of Accounting and Finance, 10(2), 45–58.

Sari, M., & Hidayat, W. (2020). The effect of capital structure on profitability. Journal of Economics and Business, 15(1), 23–35.

Untoro, WT, Kurniawan, MA, Rinumpaka, A., Nugroho, E., & Hermuningsih, S. (2025). Analysis of PT Telkom's financial statements Indonesia Tbk for the 2022–2023 period. Journal Business Economics and Management, 3(1), 14–31. https://doi.org/10.59024/jise.v3i1.1003

Yenni, Arifin, Gunawan, E., & Duffin. (2022). Analysis Report Current Cash As Base In Financial Performance Assessment. Skylandsea Professional: Journal of Economics, Business

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Published

2026-01-23

How to Cite

Naffal Rifki, Miftahul Jannah, Nabila Nur Ayuni Balqis, Toha, & Aiyub. (2026). ANALYSIS REPORT FINANCE PT. TELKOM INDONESIA (LIMITED) TBK 2023-2024 PERIOD. Journal of Accounting Research, Utility Finance and Digital Assets, 4(3), 349–354. https://doi.org/10.5281/zenodo.20529084

Issue

Vol. 4 No. 3 (2026): January

Section

Articles

License

Copyright (c) 2026 Dea Amanda, Miftahul Jannah, Nabila Nur Ayuni Balqis, Toha, Aiyub

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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