Abstract :

This study delves into the company’s financial health of PT. Properti Aset Kemakmuran, a subsidiary of one of the biggest State-owned Enterprise (SOE) in Indonesia, PT. Induk Aset Kemakmuran. The company is engaged in the field of asset & property development of PT. Induk Aset Kemakmuran, and currently executing a five yearly Company Long-Term Plan for the period of 2021-2025 that contains three financial projection schemes: Conservative, Base, and Aggressive scheme. During the strategic planning period, PT. Properti Aset Kemakmuran had only achieved the Conservative scheme that was prone to pessimistic targets, rather than the Base scheme that is projected as the middle standard scheme. Therefore, the author conducted an in-depth company financial health assessment consisting of Company’s Strategic Analysis and Company Financial Health Assessment that utilizes Financial Ratio Benchmarking & Financial Health Scoring with Government Regulation of the Decree of State-owned Enterprises Ministry Number KEP-100 / MBU / 2002 on the Health Assessment of State-owned Enterprises, in order to observe the contributing factors and company’s financial health that caused the low revenue achievement – based on the current financial projection scheme. The analysis concludes that there is a congruence between the financial achievement and Company’s Strategic Analysis & Company Financial Health Assessment. The company’s low revenue achievement was indicated and signified by its low Company’s Financial Health level result and Strategic Analysis’ result, that are lack of Digitalization & Digitization and lack of Sustainable Competitive Advantages.

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Keywords :

Benchmarking Analysis., Company’s Financial Health, Financial Ratio Analysis, Government Regulation, Strategic Analysis

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