Du Pont System Analysis to Assess Financial Performance on Companies Listed on the Indonesian Sharia Stock Index (ISSI): Study at PT Jaya Konstruksi Manggala Pratama Tbk 2023 Period
Abstract
This study aims to analyze the financial performance of PT Jaya Konstruksi Manggala Pratama Tbk, a state-owned company listed on the Indonesia Stock Exchange (IDX) and part of the Indonesia Sharia Stock Index (ISSI), in the period 2023 using the du pont system. Despite having high assets and sales, the company reported low net profit, indicating inefficiencies in its business processes. This study combines the Net Profit Margin (NPM), Total Asset Turnover (TATO), and Return On Investment (ROI) ratios to assess the efficiency of asset use and the company's profit-making ability. This research method is descriptive quantitative. The results showed that NPM of 5.31%, TATO of 1.03% and ROI of 5.47% reflected that the company was able to generate a fairly good profit, but still below the standards set by BUMN. although the company showed efficiency in asset utilization, the overall financial performance of the company in that period was considered underperforming. The study highlights that the financial performance of PT Jaya Konstruksi Manggala Pratama Tbk in 2023 is less than optimal, thus encouraging the company to improve efficiency to increase investor confidence and long-term sustainability.
References
Bangun, A. A. (2023). Analisis Kinerja Keuangan Menggunakan Du Pont System Pada PT . Adhi Karya (Persero) Tbk Periode 2017-2021. Jurnal Rimba : Riset Ilmu Manajemen, 1(4), 429–443. https://doi.org/10.61132/rimba.v1i.617
Dinesta, A. N., & Sudrartono, T. (2024). Efektivitas Kinerja Keuangan Berdasarkan Du Pont System Dan Time Series Approach Pada Pt. Sucofindo Periode 2018-2022. Jurnal Pendidikan Ekonomi, 18(1), 87–95. https://doi.org/10.19184/jpe.v18i1.46940
Kasmir. (2021). Analisis Laporan Keuangan (Revisi, Ce). Depok: Rajawali Pers.
Nurwani, M., Wardhani, W., & Arodhiskara, Y. (2021). Analisis Kinerja Keuangan Perusahaan Dengan Sistem Du Pont Pada Pt. Pln (Persero) Unit Pelaksana Pelayanan Pelanggan(Up3) Parepare. Economos : Jurnal Ekonomi Dan Bisnis, 4(3), 240–245. https://doi.org/10.31850/economos.v4i3.920
Qamariah, N., Fatimah, N. I., & Anwar, N. (2022). Analisis Du Pont System dan Economic Value Added (EVA) Untuk Menilai Kinerja Keuangan Pada PT Adhi Karya (Persero) Tbk yang Terdaftar di Bursa Efek. POINT: Jurnal Ekonomi Dan Manajemen, 4(2), 46–58. https://doi.org/10.46918/point.v4i2.1633
Rahmandiansyah, F., & Sodikin. (2023). Analisis Du Pont System Dalam Mengukur Kinerja Keuangan Pada Perusahaan Jasa Konstruksi Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ekonomi, Bisnis Dan Sosial, 1(3), 150–159. Retrieved from http://jurnal.uwp.ac.id/feb/index.php/jebs/article/view/321
Ronal, M. (2023). Analisis laporan keuangan dengan dupont system sebagai dasar untuk mengukur kinerja keuangan : (Studi kasus Pada UD. Karya Cipta Mandiri). Jurnal Riset Manajemen Dan Ekonomi (Jrime), 1(1), 242–261. https://doi.org/10.54066/jrime-itb.v1i1.192
Sunardi, N. (2018). Analisis Du Pont System Dengan Time Series Approach (Tsa) Dan Cross Sectional Approach (Csa) Dalam Penilaian Kinerja Keuangan Perusahaan (Studi Pada Industri Konstruksi (BUMN) di Indonesia Yang Listing di BEI Tahun 2013-2017). Jurnal Sekuritas (Saham, Ekonomi, Keuangan Dan Investasi), 4(1), 1–15. https://doi.org/10.33019/ijab.v4i1.39
PT Bursa Efek Indonesia. (n.d.). Retrieved July 17, 2024, from https://idx.co.id/id
PT Jaya Konstruksi Manggala Pratama Tbk (JKON). Retrieved July 28, 2024, from https://www.jayakonstruksi.com/
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Laila Fitria Kurniawati, Ujang Syahrul Mubarrok
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
