Financial Performance Analysis of PT. Indo Tambangraya Megah Tbk - A Coal Mining Company in Indonesia

The purpose of this study is to analyze the financial performance of a coal mining company listed on the Indonesia Stock Exchange (IDX), PT. Indo Tambangraya Megah Tbk (ITMG) whether an entity is stable, solvent, liquid, or profitable enough to warrant a monetary investment. The benefit is also to evaluate economic trends, set financial policy, build long-term plans for business activity, and identify projects or companies for investment. Apply financial metrics analysis of ITMG's financial performance. Selected metrics include return on assets, debt-to-equity and debt-to-asset ratios, asset turnover, current ratios, profit margins, and return on equity. This study used quantitative research methods and targeted sampling techniques to collect the necessary data. The sample includes 5 years financial reports from 2018 to 2022. Then compare ITMG's financial performance analysis with ITMG's closest competitor, PT. Adaro Energy Indonesia Tbk, and the average indicator for the coal mining industry. Based on the financial performance analysis, ITMG's financial performance in terms of profitability and liquidity has relatively significant financial performance compared to its competitors and the average industry. Despite positive trends in profitability and solvency, ITMG ranks asset utilization efficiency as quite concerning. It also shows that only profitability is affected by fundamental financial factors such as asset turnover and financial leverage.