ANALISIS DU PONT SYSTEM DALAM PENILAIAN PROFITABILITAS PERUSAHAAN PADA PT ADARO ENERGY INDONESIA TBK TAHUN 2020-2023

Abstract

This study focuses on the analysis of the Du Pont system in assessing the profitability of PT Adaro Energy Indonesia, Tbk. for the period 2020-2023. The research utilizes a quantitative approach with a descriptive method, where data was collected through documentation of the company's financial statements. The results show fluctuations in the company's profitability throughout the research period, with Return On Assets (ROA) increasing from 2.48% in 2020 to 13.56% in 2021. This positive trend continued in 2022, with the ROA reaching 26.26%. However, in 2023, there was a decrease in the ROA value to 17.71%. The increase in ROA in 2021 and 2022 is associated with improvements in Net Profit Margin (NPM) and Total Assets Turnover (TATO), indicating enhanced operational efficiency and profitability. However, in 2023, there was a decrease in ROA along with a decline in profits and sales, as well as an increase in operational costs. This research suggests the company to enhance operational efficiency, manage costs more effectively, and sustain revenue growth to improve financial performance in the future.