Analisis Kinerja Keuangan PT. MNC Sky Vision Tbk pada Periode 2019-2023

Abstract

Indonesia's media and entertainment industry has experienced significant
growth; however, PT. MNC Sky Vision Tbk faced challenges due to declining
subscribers from 2019 to 2023. This led to a decrease in revenue and an increase in
net losses. This study evaluates the company's financial performance using financial
ratio analysis, horizontal and vertical analysis, and cash flow analysis based on
financial statements and annual reports. The findings indicate a downward trend in
financial performance, driven by declining sales without a proportional reduction in
the cost of revenue, with fixed asset depreciation being the largest expense. Most
financial ratios show deterioration and reduced cash inflows from operating activities
have heightened the company’s liquidity risk. To address these issues, the company
should focus on increasing sales, improving accounts receivable collection, and
optimizing fixed asset management to enhance financial stability and ensure long-term
business sustainability.