Financial Performance Analysis of the Indonesian Property Industry: A Case Study

Abstract

The industry of property in Indonesia has been experiencing significant growth for years. This is a case study which aimed to evaluate and analyze the business and financial performance of CTRA a leading property developer in Indonesia. Data of this study was taken from financial statements of the property industry in Indonesia which were listed in IDX during the period 2019 to 2023. Various analyses were conducted to evaluate CTRA's performance and so the property industry financial performances. The performance analysis includes business, accounting, financial, and prospective evaluations. Based on the analysis, Indonesian property industry has a high competitiveness and CTRA can alter it by using its first-mover advantage. The industry's financial performance shows a favorable trend despite a drop in 2020 due to the pandemic COVID-19; it was able to rebound after it. Meanwhile CTRA shows a remarkable growth and a strong financial position compared to the industry average.