METODE DU PONT SYSTEM UNTUK MENILAI KINERJA KEUANGAN PADA PERUSAHAAN FOOD AND BAVERAGE YANG TERDAFTAR DI BEI PERIODE 2013-2016

Abstract

The purpose of this study was to determine the company's financial performance by using
the method du pont system. This study uses financial statement data for the 2012-2015 period and
uses the Du Pont System method with a focus on research on ROE which is influenced by Equity
Multiplier, ROI influenced by Net Profit Margin and Total Turn Over Assets. The companies studied
were three Food and Beverage Companies listed on the Stock Exchange, namely PT. Mayora Indah,
PT. Three Pillars of Prosperity Tbk and PT. Indofood CBP Sukses Makmur Tbk. The results showed
that the return on investment resulting from the net profit margin, PT Indofood CBP Sukses Makmur
Tbk had a fairly stable return on investment every year even though it had experienced a decline in
2013 and 2014 but experienced a return and obtained the largest percentage of net profit margin in
the year 2015 compared to two other companies. Fluctuations in return on investment or ROI are
influenced by many factors, such as net profit margins and total assets turnover. The net profit margin
is derived from net profit (loss) divided by sales in each period, so that the net profit margin is affected
by the amount of sales, cost of goods sold, operating expenses which consist of sales expenses and
general and administrative expenses and other net expenses incurred in order to generate net income
in each period. Total assets turnover is also a factor that influences the rate of return on investment
ROI obtained from sales divided by the total assets of the company each period. So that the total
assets turnover is influenced by the amount of assets owned by the company which consists of current
assets and non-current assets whose values differ in each period. Judging from the percentage of
ROA generated from this study, PT Mayora Indah Tbk was able to produce the highest ROA and was
a very significant increase compared to the ROA generated in the previous year, because the results
were almost twice the ROA of the previous year. PT Mayora Indah Tbk's Return On Equity is also
considered good because of the highest ROE in each year compared to PT Tiga Pilar Sejahtera Tbk
and PT Indofood CBP Sukses Makmur Tbk.