Du Pont System: Comparative Study Of Financial Performance PT. Indosat Tbk and PT. XL Axiata Tbk
Abstract
The level of competition of telecommunications companies is getting tougher. Net income is one reference to measure the company's financial condition through the company's financial performance. This research will compare the two companies so that it can be known which company performance is better in that year and what influences it. The research method used is a quantitative method with a descriptive approach. This study uses secondary data types obtained from the Indonesia Stock Exchange. Researchers used the DuPont System analysis technique in conducting data analysis. Return on Investment (ROI) in the 2017 and 2019 period PT Indosat Tbk experienced a decline in ROI compared to 2017, this indicates that the level of net income obtained by the company owner for the capital invested in the company decreased. Return on Equity (ROE) in the 2017 and 2019 periods of PT XL Axiata Tbk has increased from 1.69 to 3.7, this indicates that the management of PT XL Axiata is able to provide better gains for shareholders.
Keywords
Full Text:
PDFReferences
Brigham, Eugene, F., & Houston, J. F. (2010). Dasar-Dasar Manajemen Keuangan. Jakarta: Salemba.
Bursa Efek Indonesia. 2017. Laporan Keuangan dan Tahunan. Retrieved 4 April, 2020, from www.idx.co.id
Dwiningsih, S. 2018. Analisis Du Pont System untuk Menilai Kinerja Keuangan Perusahaan (Studi Pada Perusahaan Property & Real Estate LQ45 Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2013-2015). INOBIS: Jurnal Inovasi Bisnis dan Manajemen Indonesia, 1(2), 105-117.
Hasan, M. I. (2012). Pokok-Pokok Materi Metodologi Penelitian dan Aplikasinya. Bogor: Ghalia Indonesia.
Manitik, Y.I. (2013). Analisis Perbandingan Kinerja Keuangan Pada PT XL Axiata Tbk dan PT Indosat Tbk. EMBA: Journal Universitas Sam Ratulangi Manado, 1(4), 1974-1982.
Lawodi, E., Pauangan, O. R., & Laba, A. R. (2009). Kinerja Keuangan Dengan Du Pont System Pada Perusahaan Makanan dan Minuman di Bursa Efek Indonesia. http://digilib.unhas.ac.id/uploaded_files/temporary/DigitalCollection/M2M0YmY2YTcwYTcxMGQ1NWRiOWNjMzZiYmU2MjRlOWM1MDdhMGVlMA==.pdf(Diakses tanggal 9 April 2020).
Nikmah, E. Z., Saifi, M., & Husaini, A. Analisis Rasio Keuangan Dalam Du Pont Sistem Sebagai Dasar Untuk Mengukur Kinerja Keuangan Perusahaan (Studi Pada PT. Nippon Indosari Corpindo, Tbk yang Terdaftar Pada BEI Periode 2010 – 2012). https://media.neliti.com/media/publications/77053-ID-analisis-rasio-keuangan-dalam-du-pont-sy.pdf (Diakses tanggal 4 April 2020).
Puji Lestari, A., Norisanti, N., & M. Ramdan, A. (2018). Dupont System Analisis For Measuring Financial Performance Of Cosmetics Companies And Household Goods Listed On Indonesian Stock Exchange Period 2011-2016. Jurnal Apresiasi Ekonomi, 6(3), 213-222.
Sartono, A. (2011). Manajemen Keuangan Teori dan Aplikasi edisi 4. Yogyakarta: BPFE Yogyakarta.
Sugiono, A., & Untung, E. (2016). Panduan Praktis Dasar Analisa Laporan Keuangan Edisi Revisi. Jakarta: Grasindo.
Sugiyono. (2013). Metode Penelitian Kuantitatif, Kualitatif dan R&D. Bandung: CV Alfabeta.
Wachowicz, H. J. (2009). Prinsip-Prinsip Manajemen Keuangan. Jakarta: Salemba.
Wardoyo, & Purnomo, J. (2010). Analisis Kinerja Keuangan Perusahaan Telekomunikasi Dengan Menggunakan Analisis Sistem Du Pont. Jurnal Daya Saing, 20(2), 81-89.
DOI: https://doi.org/10.21107/jsmb.v7i1.7446
Refbacks
- There are currently no refbacks.
Copyright (c) 2020 M. Boy Singgih Gitayuda
This work is licensed under a Creative Commons Attribution 4.0 International License.
Jurnal Studi Manajemen dan Bisnis by Universitas Trunojoyo Madura is licensed under a Creative Commons Attribution 4.0 International License.