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This research aims to analyze the financial performance of PT Garuda Indonesia (Persero) Tbk in terms of profitability ratios. The type of data used is quantitative data obtained from the annual report of PT Garuda Indonesia (Persero) Tbk. Data analysis method uses descriptive quantitative analysis which is measured using profitability ratios which are represented by return on total assets and return on equity. The results of this research show that the return on assets and return on equity of PT Garuda Indonesia (Persero) Tbk during the 2017-2020 period were below the industry average and obtained negative values. This shows that the financial performance of PT Garuda Indonesia (Persero) Tbk has poor performance because it is caused by increasing expenses that are not offset by the income obtained by PT Garuda Indonesia (Persero) Tbk.

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How to Cite
Armono, D. . (2024). Profitability ratio analysis as a basis for financial performance assessment. Proceeding International Conference on Accounting and Finance, 2, 205–209. Retrieved from