Analisis Du Pont System Yang Dimodifikasi Sebagai Salah Satu Alat Untuk Mengukur Kinerja Keuangan Perusahaan (Studi Pada PT Indofood Sukses Makmur, Tbk Dan Anak Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2010-2014)

Nur Machmuda • Moch Dzulkirom • Topowijono Topowijono
Journal article Jurnal Administrasi Bisnis S1 Universitas Brawijaya • April 2016 Indonesia

Download full text
(Bahasa Indonesia, 10 pages)

Abstract

Research aims to acknowldge the financial performance of PT Indofood Sukses Makmur, Tbk and Subsidiaries during 2010-2014 period using Du Pont System modified. This analysis is one of the techniques of financial performance analysis are developing analyzes of Du Pont System by adding Equity Multiplier or Debt Ratio and connect with ROI to determine ROE. This research use descriptive research with quantitative approach, the source of the data used is secondary data with data collection documentation. Based on the research results can be concluded that financial performance of PT Indofood Sukses Makmur, Tbk and subsidiaries in 2010-2014 were analyzed using Du Pont System Modified be in poor condition. That is because ROE decreased. The decline was due todeclining ROI and Equity Multiplier ride. ROI is declining due to the state of NPM is likely to decline and TATO fluctuating. Increased Equity Multiplier caused by total assets and total equity increased. Companies should improve efficiency in the use of equity capital as well as asset management and increasing sales greater than the costs of operations. Additionally, Equity Multiplier which increase indicates that more companies use debt to finance its assets, so the company should be able empower debt.

Metrics

  • 184 views
  • 832 downloads

Journal

Jurnal Administrasi Bisnis S1 Universitas Brawijaya

Jurnal Administrasi Bisnis S1 Universitas Brawijaya merupakan jurnal ilmiah yang memuat artikel b... see more