Du Pont System Analysis In Assessing Company Financial Performance (Study on the LQ 45 Index Listed on the IDX Year 2018-2022)

  • Zulifah Susanty Universitas Pamulang
  • Nardi Sunardi Universitas Pamulang
Keywords: Du Pont System Analysis; Company Size; Profitabilitas; Growth

Abstract

This research aims to determine the financial performance of the LQ 45 Index listed on the Indonesia Stock Exchange for the 2018-2022 period using the Du Pont System Time Series Approach (TSA) approach.and Cross Sectional Approach (CSA), the results of this research show that the Adaro Energy Tbk. an average of 44.647% performed well. Aneka Tambang (Persero) Tbk. With an average of 65,547 performing well. Astra International Tbk. An average of 14,663 performed Poorly. Bank Central Asia Tbk. An average of 13,277 performed Poorly. Bank Negara Indonesia (Persero) Tbk. An average of 20,709 performed Good. Bank Rakyat Indonesia (Persero) Tbk. An average of 16,535 performed Poorly. State Savings Bank (Persero) Tbk. An average of 40,836 performed Good. Bank Mandiri (Persero) Tbk. An average of 15,050 performed Poorly. XL Axiata Tbk. An average of 53,191 performed well. HM Sampoerna Tbk. An average of 11,082 performed Poorly. Indofood CBP Sukses Makmur Tbk. An average of 14,120 performed Poorly. Vale Indonesia Tbk. Average -6.843 performs Unfavorably. Indofood Sukses Makmur Tbk. An average of 13,507 performed Poorly. Indocement Tunggal Prakarsa Tbk. An average of 11,047 performed Poorly. Kalbe Farma Tbk. An average of 13,727 performed Poorly. Media Nusantara Citra Tbk. An average of 10,585 performed Poorly. Bukit Asam Coal Mine Tbk. An average of 25,259 performed Good. Semen Indonesia (Persero) Tbk. An average of 12,970 performed Unfavorably. Telekomunikasi Indonesia (Persero) Tbk. An average of 11,412 performed Poorly. United Tractors Tbk. An average of 21,123 performed well. Unilever Indonesia Tbk. average 27,687 performing well. Wijaya Karya (Persero) Tbk. An average of 1,775 performed Poorly. The Time Series Approach (TSA) in the 2018 to 2022 period experienced a decline and fluctuated. Analysis of the Du Pont System using a Cross Sectional Approach (CSA) in the LQ45 Index Company Industry was 18.796%. This shows that overall it is said to be performing WELL

References

Abdul Halim And Mamduh M. Hanafi, 2003, Financial Statement Analysis, Unit Publisher And AMP-YKPN Printing, Yogyakarta.
Agus, Sartono. 2011. Financial Management Theory And Application. Yogyakarta: BPFE.
Andini, Dewi & Yusrawati. 2015. The Effect Of Resource Competency Humans And Implementation Of Regional Financial Accounting Systems Regarding The Quality Of Regional Financial Reports In Work Units Regional Apparatus (Skpd) Empat Lawang Regency, Sumatra South. Journal Of Economics, Management And Accounting I Vol. 24 No. 1 June 2015.
Brigham, E.F. And J. F. Houston. 2009. Basics Of Financial Management. Book One. Tenth Edition. Salemba Four. Jakarta.
Drs. S. Munawir, A. (2007). Financial Statement Analysis (4th Ed.). Yogyakarta: LIBERTY YOGYAKARTA.
Fahmi, Irham. 2012. "Financial Performance Analysis", Bandung: Alfabeta
Hakim, L., Sunardi, N. (2017). Determinant Of Leverage And It's Implication On Company Value Of Real Estate And Property Sector Listing In IDX Period Of 2011-2015. Man In India, 97(24), Pp. 131-148.
Harahap, Sofyan Syafri, 2004, Accounting Theory, Revised Edition, Print Tenth, PT. Raja Grafindo Persada, Jakarta.
Husain, T., & Sunardi, N. (2020). Firm's Value Prediction Based On Profitability Ratios And Dividend Policy. Finance & Economics Review, 2(2), 13-26.
Indonesia Stock Exchange. 2020. Financial & Annual Report. In Www.Idx.Co.Id. Accessed September 2023
Kadim, A., & Sunardi, N. (2022). Financial Management System (QRIS) Based On UTAUT Model Approach In Jabodetabek. International Journal Of Artificial Intelligence Research, 6(1).
Kadim, A., Sunardi, N & Husain, T. (2020). The Modeling Firm's Value Based On Financial Ratios, Intellectual Capital And Dividend Policy.Accounting, 6(5), 859-870.
Kasmir, 2014. Financial Report Analysis, 7th Printing. Jakarta: PT Rajagrafindo Persada
Lesmana, R., & Sunardi, N. (2021). Futuristic Leadership Through PEKA Analysis Approach. HUMANIS (Humanities, Management and Science Proceedings), 2(1).
Nardi Sunardi Et Al (2020). Determinants Of Debt Policy And Company’s Performance, International Journal Of Economics And Business Administration Volume VIII Issue 4, 204-213
Saputra, F. (2022). Analisis Pengaruh Return On Assets (ROA), Return On Equity (ROE) Dan Price Earning Ratio (PER) Terhadap Harga Saham Perusahaan Batubara Di Bursa Efek Indonesia (BEI) Periode 2018-2021. Jurnal Internasional Dinasti Ekonomi, Keuangan Dan Akuntansi, 3(1), 2721–3021.
Sunardi, N. (2019). Relevansi Intelectual Capital Terhadap Harga Dan Retun Saham Di Industri Perbankan Pemerintah Di Indonesia. JIMF (Jurnal Ilmiah Manajemen Forkamma), 3(1).
Sunardi, N. (2020). Penilaian Kinerja Keuangan Menggunakan Economic Value Added (EVA) Dan Market Value Added (MVA) Dengan Time Series Approach Pada Industri Semen Di Indonesia. JIMF (Jurnal Ilmiah Manajemen Forkamma), 3(2).
Sunardi, N. (2022). Liquidity And Asset Growth On Telecommunications Companies Value. Jurnal SEKURITAS (Saham, Ekonomi, Keuangan Dan Investasi), 5(3), 299-307.
Sunardi, N., & Lesmana, R. (2020). Konsep Icepower (Wiramadu) Sebagai Solusi Wirausaha Menuju Desa Sejahtra Mandiri (DMS) Pada Masa Pandemi Covid-19. JIMF (Jurnal Ilmiah Manajemen Forkamma), 4(1).
Sunardi, N., & Lesmana, R. (2020). Pelaksanaan Alokasi Dana Desa Terhadap Manajemen Keuangan Desa dalam Meningkatkan Efektivitas Program Desa Sejahtera Mandiri Di Desa Cihambulu, Kec. Pabuaran, Kab. Subang. Jurnal SEKURITAS (Saham, Ekonomi, Keuangan dan Investasi), 3(3), 277-288.
Sunardi, N., & Tatariyanto, F. . (2023). The Impact Of The Covid-19 Pandemic And Fintech Adoption On Financial Performance Moderating By Capital Adequacy . International Journal Of Islamic Business And Management Review, 3(1), 102–118. Https://Doi.Org/10.54099/Ijibmr.V3i1.620
Sunardi, Nardi (2018) Du Pont System Analysis Using Time Series (Tsa) And Cross Sectional Approach (Csa) Approaches In Company Financial Performance Assessment
Weston J. Fred & Thomas E. Copeland. 1989. Financial Management. Edition Eighth, Erlangga, Jakarta
Winarni F. And Sugiyarso G. 2005. Management Finance. Yogyakarta: Media Pressindo
Published
2023-12-01
How to Cite
Zulifah Susanty, & Nardi Sunardi. (2023). Du Pont System Analysis In Assessing Company Financial Performance (Study on the LQ 45 Index Listed on the IDX Year 2018-2022). Indonesian Development of Economics and Administration Journal, 2(2), 134 -. Retrieved from https://ojs.ideanusa.com/index.php/idea/article/view/104
Section
Articles

Most read articles by the same author(s)

1 2 3 > >>