Conference Universitas Siliwangi
International Seminar and Conference on Management, Research, and Transformation (I-SMART)

Analysis of Changes in Sources and Uses of Funds on Financial Performance (A Case Study of PT Astra International Tbk, 2022–2023)

Date Published : 12 October 2026

Contributors

Marsya Chandraningtyas

University of Siliwangi
Corresponding Author

Arnetta Firzzy Aprillia

University of Siliwangi
Author

Mira Nurcahya

University of Siliwangi
Author

Siska Nurmala Sari

University of Siliwangi
Author

Nabila Qurrota A'yun

University of Siliwangi
Author

Keywords

Source and Use of Funds Financial Performance Capital Structure.

Proceeding

Vol. 1 (2025): International Seminar and Conference on Management, Research, and Transformation (I-SMART 1.0)

Track

General Track

License

Copyright (c) 2026 International Seminar and Conference on Management, Research, and Transformation (I-SMART)

Creative Commons License

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

Abstract

The financial performance of PT Astra International Tbk is analyzed from 2022 to 2023, focusing on trends in net profit, cash flow, liquidity risk, and overall financial health. The research approach used is descriptive and causal quantitative, utilizing data from the company's financial statements available online. Analysis of changes in working capital shows a surplus, with net working capital increasing from 2022 to 2023. However, the current ratio and quick ratio have decreased. Total Assets Turnover (TATO) has also declined. The Debt to Assets Ratio (DAR) and Debt to Equity Ratio (DER) have increased. Return on Assets (ROA) and Return on Equity (ROE) increased, supported by maintained working capital and improved profitability. Overall, financial performance is assessed as relatively healthy, with maintained working capital and increased profitability. However, the decline in liquidity ratios and increase in debt pose potential risks that require attention.

References

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How to Cite

Aprillia, A. F., Nurcahya, M., Sari, S. N. ., & A’yun, N. Q. (2026). Analysis of Changes in Sources and Uses of Funds on Financial Performance (A Case Study of PT Astra International Tbk, 2022–2023) (M. Chandraningtyas, Trans.). International Seminar and Conference on Management, Research, and Transformation (I-SMART), 1, 870-880. https://conference.unsil.ac.id/ismart/paper/view/22