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Profitability Underperformance and Benchmark Gaps: Evidence from PT Japfa Comfeed Indonesia Tbk (2019-2023)
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Purpose of the study: This study aims to assess the financial performance of PT. Japfa Comfeed Indonesia, Tbk. during the period 2019–2023 using profitability ratios, namely Net Profit Margin (NPM), Return on Assets (ROA), Return on Equity (ROE), and Gross Profit Margin (GPM). The research seeks to determine the extent to which the company’s profitability metrics align with established industry benchmarks.
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