Financial Performance Assessment Based on an Analysis of Sources and Uses of Funds

Adelia Ahmad; Herlina Rasjid; Meriyana Franssisca Dungga

doi:10.63922/ijebir.v5i06.7008

Adelia Ahmad Gorontalo State University, Faculty of Economics and Business, Department of Management
Herlina Rasjid Gorontalo State University, Faculty of Economics and Business, Department of Management
Meriyana Franssisca Dungga Gorontalo State University, Faculty of Economics and Business, Department of Management

DOI: https://doi.org/10.63922/ijebir.v5i06.7008

Keywords: source of funds, use of funds, Financial Performance

Abstract

The purpose of this study is to assess financial performance based on an analysis of sources and uses of funds at companies in the air transportation subsector listed on the Indonesia Stock Exchange for the 2021–2024 period. This study employs a descriptive method with a quantitative approach. The research subjects include PT Garuda Indonesia (Persero) Tbk, PT AirAsia Indonesia Tbk, and PT Jaya Trishindo Tbk. The data used consists of the companies’ financial statements, analyzed using the sources and uses of funds method and financial ratios. The results show that Garuda Indonesia and AirAsia Indonesia tend to obtain funds from an increase in liabilities, while Jaya Trishindo derives more of its funds from a reduction in assets and the collection of accounts receivable. Funds are used to meet obligations, support operations, cover losses, and finance assets. In general, the financial performance of all three companies is not yet optimal. Jaya Trishindo shows a relatively better condition compared to Garuda Indonesia and AirAsia Indonesia.

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