![]() The purpose of financial performance is to determine the life cycle of the company's financial management success, especially liquidity conditions, capital adequacy and profitability achieved in the current year and the previous year as well as to determine the ability to utilize all assets owned to generate profits efficiently. Financial performance is a description of the financial condition of a certain period in achieving company results or goals. Financial performance is a description of the company's financial condition in a certain period. The life cycle of a company's financial performance is a picture of the company's finances in a certain period, both in terms of raising funds and distributing funds, which are usually measured by indicators of capital adequacy, liquidity and profitability.
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