Financial Performance Analysis of Bonia Corporation Berhad (2022-2023)

Loh Shi San; Kam Shu Zhang; Wong Tien Khai; Haulman Khaw Jin  Ming; Lim Fu Yan; Tan Khean Liong

doi:10.64229/41ccc663

Authors

Loh Shi San Tunku Abdul Rahman University of Management and Technology, Faculty of Accountancy, Kuala Lumpur, Malaysia Author
Kam Shu Zhang Tunku Abdul Rahman University of Management and Technology, Faculty of Accountancy, Kuala Lumpur, Malaysia Author
Wong Tien Khai Tunku Abdul Rahman University of Management and Technology, Faculty of Accountancy, Kuala Lumpur, Malaysia Author
Haulman Khaw Jin Ming Tunku Abdul Rahman University of Management and Technology, Faculty of Accountancy, Kuala Lumpur, Malaysia Author
Lim Fu Yan Tunku Abdul Rahman University of Management and Technology, Faculty of Accountancy, Kuala Lumpur, Malaysia Author
Tan Khean Liong Tunku Abdul Rahman University of Management and Technology, Faculty of Accountancy, Kuala Lumpur, Malaysia Author

DOI:

https://doi.org/10.64229/41ccc663

Keywords:

Bonia Corporation Berhad, Financial Ratio Analysis, Liquidity Ratio, Profitability, Debt Management, Price to Earnings Ratio, Investor Confidence, Malaysia, Luxury Fashion Industry

Abstract

This report presents a comprehensive financial performance analysis of Bonia Corporation Berhad, a Malaysian-listed luxury fashion company. Using data from the company’s 2022 and 2023 annual reports, key financial ratios—including liquidity, debt management, profitability, and market value—were calculated and interpreted to assess Bonia’s overall financial health. The findings reveal a slight improvement in the company’s debt ratio and return on equity, indicating stronger leverage management and shareholder returns. However, Bonia’s price-to-earnings ratio declined by 17.82%, reflecting lower investor confidence and cautious market sentiment despite an increase in earnings per share. Liquidity, as measured by the quick ratio, weakened, raising concerns about the firm’s short-term financial flexibility. Suggestions are provided to enhance investor communication, strengthen operational efficiency, and adopt strategies to improve cash flow management and market competitiveness. The analysis highlights both strengths and vulnerabilities in Bonia’s financial position, offering insights useful for investors, managers, and stakeholders in the luxury retail industry.

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Financial Performance Analysis of Bonia Corporation Berhad (2022-2023)

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