DU PONT SYSTEM: STUDI KOMPARASI KINERJA KEUANGAN PT. INDOSAT Tbk. dan PT. XL AXIATA Tbk.

M Boy Singgih Gitayuda

doi:10.21107/jsmb.v7i1.7446

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.

Highlights

All aspects of the world today can be accessed using a smartphone, there are several reasons behind it, ranging from the development of the times, needs, pride, and making the most of the world's people use it
Research by Lestari et al (2018) based on DuPont System analysis of cosmetics and household goods companies listed on the Indonesia Stock Exchange in the 2011-2016 period shows that from six companies only one company showed good financial performance, namely PT Unilever Indonesia Tbk because it has the value of return on equity is above the industry average of similar companies, while the company that has the lowest return on equity is PT Mustika Ratu Tbk due to net profit margins, asset turnover, return on assets and the lowest equity multiplier among other companies
Researchers are interested in researching the title "DuPont System: Comparative Study of Financial Performance of PT Indosat Tbk and PT XL Axiata Tbk", in which this research will compare the financial performance of the two companies based on 2017-2019 company's financial statements using DuPont System analysis so that it can be known which company performance is better in that year and what variables influence it

Summary

INTRODUCTION

All aspects of the world today can be accessed using a smartphone, there are several reasons behind it, ranging from the development of the times, needs, pride, and making the most of the world's people use it. Research by Lestari et al (2018) based on DuPont System analysis of cosmetics and household goods companies listed on the Indonesia Stock Exchange in the 2011-2016 period shows that from six companies only one company showed good financial performance, namely PT Unilever Indonesia Tbk because it has the value of return on equity is above the industry average of similar companies, while the company that has the lowest return on equity is PT Mustika Ratu Tbk due to net profit margins, asset turnover, return on assets and the lowest equity multiplier among other companies. Researchers are interested in researching the title "DuPont System: Comparative Study of Financial Performance of PT Indosat Tbk and PT XL Axiata Tbk", in which this research will compare the financial performance of the two companies based on 2017-2019 company's financial statements using DuPont System analysis so that it can be known which company performance is better in that year and what variables influence it

RESEARCH METHOD

AND DISCUSSION

Conclusion