ANALYSIS DU PONT SYSTEM IN MEASURING FINANCIAL PERFORMANCE IN COSMETIC COMPANIES AND HOUSEHOLD REQUIREMENTS LISTED ON THE IDX IN 2017-2021
DOI:
https://doi.org/10.61167/mnk.v1i2.40Keywords:
Du Pont system, Return On Asset, Net Profit Margin , Total Assets Turn OverAbstract
This research was conducted at Companies in the Cosmetics and Household Needs Sector that were listed on the Indonesia Stock Exchange (IDX) for 2017-2021. This study aims to determine the Financial Performance of Cosmetic Companies and Household Uses using DuPont System analysis. Analysis of the Du Pont System can explain a company's financial performance and shows the location of the strengths and weaknesses of a company in which there are several financial ratios used in this study including Net Profit Margin, Total Assets TurnOver, and Return On Assets (Du Pont). The data analysis technique used is quantitative descriptive analysis. The population and sample in this study are 6 cosmetics and household goods companies listed on the Indonesia Stock Exchange in the 2017-2021 period. The results showed that the financial performance of Cosmetics and Household Supplies companies for 5 years which was calculated using the Du Pont System analysis was not good enough, with ROA values that decreased every year except for PT. Akasha Wira International Tbk (ADES) has an ROA value that increases every year. The decrease in the value of ROA was due to a decrease in the value of NPM and TATO. This situation is affected by a decrease in profits due to high total costs and slow turnover of assets to increase sales.
References
Ade Gunawan and Sri Fitri Wahyuni. (2013). The Effect of Financial Ratios on Profit Growth in Trading Companies in Indonesia. Journal of Management & Business. (Vol.13 No.01, ISSN1693-7619).
Agnes, Image. (2009). Financial Performance Analysis and Company Financial Planning. Jakarta: PT. Main Library Gramedia.
Agus Sartono. (2013). Financial Management Theory and Application, Fourth Edition, BPFE Yogyakarta.
Anisa, N., & Ali, A. (2021). Financial Performance Analysis Using the Dupont Method at PT. Telekomunikasi Indonesia (Persero) Tbk. Period 2015-2019.Source, 17, 2.
Anisa, N., & Ali, A. (2021). Financial Performance Analysis Using the Dupont Method at PT. Telekomunikasi Indonesia (Persero) Tbk. Period 2015-2019.Source, 17, 2.
Arief Sugiono & Edi Untung. (2016). Financial Statement Analysis. Jakarta: PT Grasindo.
Dewi Utari, Ari Purwanti, and Darssono Prawironegoro. (2014). Revised Edition of Financial Management. Jakarta: Media Discourse Partners.
Dharma, M. B. (2018). Analysis of the Du Pont System in Measuring Financial Performance (Empirical Study on PT. Salim Ivomas Pratama Tbk Listed on the IDX)). LIABILITIES (Journal of Accounting Education), 1(1), 65-77.
Fahmi, Irham. (2011). Financial Statement Analysis. Lampulo: ALPHABET.
Fahmi, Irham. (2012). Financial Statement Analysis. Bandung : ALPHABETA.
Fahmi, Irham. (2017). Financial Statement Analysis. London: ALPHABETA.
Fahmi, Irham. (2018). Introduction to Financial Management. London: ALPHABETA.
Freddy, D., & MM, A. (2013). Analysis of Factors Affecting Financial Performance Based on the Du Pont System in Cosmetics and Household Goods Companies Registered in BEI. Analysis of Factors Affecting Financial Performance Based on the Du Pont System in Cosmetics and Household Goods Companies Registered in BEI.
Hani, Travel. (2014). Analysis Techniques for Financial Statements. Jakarta: In Media.
Harahap, W. A. (2019). Analysis of the Du Pont System in Measuring Financial Performance in Cosmetic Companies and Household Needs Listed on the IDX (Doctoral dissertation)
Hope Sofyan Syafri. (2009). Critical Analysis of Financial Statements. First Edition. Jakarta: PT. King of Grafindo Persada.
Indonesia Stock Exchange (IDX), http://www.idx.co.id.
Keown, Arthur J., John D. Martin, J. William Petty, dan David F. Scott Jr., (2018), Financial Management: Principles and Application, 10th Edition, 3rd Printing, Volume 1, PT Index.
Krisnaryatko, N., & Kristianti, I. (2019). Analysis of Company Financial Performance with Du Pont System.Journal of Financial and Business Accounting, 12(2), 77-86. DOI: https://doi.org/10.35143/jakb.v12i2.2547.
Lubis, N.I. (2018). Analysis of Financial Performance Measurement Using the Dupont System.Journal of Contemporary Accounting and Finance (JAKK), 1(1), 1-19. DOI: https://doi.org/10.30596/jakk.v1i1.3806
M. Fauzan and D. Rusdiyanti, “ANALISIS RASIO KEUANGAN UNTUK MENILAI ALUR KINERJAKEUANGAN BADAN USAHA MILIK DESA (BUMDES) BERKAH AMANAH(Studi Kasus Di Desa Pekan Kamis Kecamatan Tembilahan Hulu),” J. Anal. Manaj., vol. 8, no. 2, pp. 102–117, 2022, Accessed: May 25, 2023. [Online]. Available: https://ejournal.unisi.ac.id/index.php/jam/article/view/2419
Miswara, P., & Amalia, H. S. (2021). Analysis of the Application of the Du Pont System to Assess the Financial Performance of Cement Companies Listed on the Indonesia Stock Exchange for the 2015-2018 Period.SCIENTIFIC JOURNAL OF BUSINESS AND FINANCE, 9(2).
Mulyanti, D. (2017). Corporate Financial Management. Accurate | FE UNIBBA Scientific Journal of Accounting, 8(2), 62–71. Retrieved from https://ejournal.unibba.ac.id/index.php/akurat/article/view/74
Munawir, S. (2012).Financial Information Analysis, Liberty, Yogyakarta.
Nuriasari, S. (2018). Roi Analysis Using the Du Pont Approach in Assessing the Financial Performance of Pt. Mustika Ratu, Tbk Dsn Pt. Martina Berto 2010-2016. Adzkiya: Journal of Sharia Law and Economics,6(1).
Paisley. (2010). Analysis of financial statements, Jakarta: PT. King of Grafindo Persada.
Paisley. (2012). Financial Statement Analysis. Jakarta : PT. King of Grafindo Persada.
Paisley. (2015). Financial Statement Analysis. Edition One. Jakarta: PT Raja Grafindo Persada.
Paisley. (2019). Financial Statement Analysis. First Edition. Twelfth Printing. PT Raja Grafindo Persada. Jakarta.
Pranata, D., & Oktalina, G. (2021). Du Pont System Analysis in Assessing the Financial Performance of Pharmaceutical Companies Listed on the Indonesia Stock Exchange for the 2015-2019 Period.Journal of Business and Financial Accounting, 8(1), 29-35.
Pranata, D., & Oktalina, G. (2021). Du Pont System Analysis in Assessing the Financial Performance of Pharmaceutical Companies Listed on the Indonesia Stock Exchange for the 2015-2019 Period.Journal Of Business And Financial Accounting, 8(1), 29-35.
Princess, P. A. (2021). Du Pont System Analysis in Measuring Financial Performance in Telecommunication Companies Listed on the Indonesia Stock Exchange in 2013-2019.
Ridha, Muhammed Ridha (2019). Analysis of Company Financial Performance Using the Du Pont Syastem Method at Perum Perumnas Regional -I Medan.
Rosmiati Tarmizi and Merlinda Marlim (2016). Du Pont System Analysis in Measuring Company Financial Performance (Case Study of Telecommunications Companies Listed on the Indonesian Stock Exchange), Journal: University of Bandar Lampung. DOI: http://dx.doi.org/10.36448/jak.v7i2.756
S. Munawir. (2014). Financial Statement Analysis. Yogyakarta : Liberty
Sagala, I. C., & Rahman, F. (2021). Analysis of the Du Pont System in Measuring the Financial Performance of Companies in the Cosmetic and Household Sub Sector.Jurnal Syntax Admiration, 2(12), 2336-2351.
DOI: https://doi.org/10.46799/jsa.v2i12.361
Shamsuddin, Lukman (2011). Corporate Financial Management: Application Concepts in Planning, Monitoring, and Decision Making. New Edition 11. Jakarta: Eagle Press.
Sudana, I Made. (2015). Corporate Financial Management. Second Edition. Jakarta: Erlang.
Sugiyono. (2010). Educational Research Methods Quantitative, qualitative, and R&D approaches. Bandung: Alphabet.
Sugiyono. (2013). Quantitative, qualitative, and r&d research methods. Bandung: Alphabet Publishers.
Sugiyono. (2017). Educational Research Methods (Quantitative, Qualitative and R&D Approaches). Bandung: Alphabet.
Sugiyono. (2018). Quantitative Research Methods. Bandung: Alphabet.
Surono, S., Aziz, M. T., & Fitriyah, I. N. (2019). Analysis of the Du Pont System in Measuring the Financial Performance of Companies Listed on the Indonesian Stock Exchange (IDX).Al-Amwal: Journal of Sharia Economics and Banking, 11(1), 15-32. DOI: 10.24235/amwal.v11i1.4225
Yuliani, E. (2012). Profitability Ratio Analysis with the Du Pont Approach Method which was developed to Assess Company Financial Performance (Studies on Cosmetic Companies listed on the Indonesian Stock Exchange)(Doctoral dissertation, UPN" VETERAN" YOGYAKARTA).
