Penilaian Performa Keuangan Perusahaan Penerbangan Di Indonesia Dengan Metode Dupont System
Abstract
The aim of this research is to analyze the financial performance of airline companies in Indonesia. The analytical method used in this research is the Du Pont System. The Du Pont System breaks down Return on Equity (ROE) into three axiomatic factors: Net Profit Margin, Total Asset Turnover, and Equity Multiplier. Analytical methods are needed to identify factors that influence financial performance more specifically. The data in this research are the financial reports of five Indonesian airline companies, namely PT Garuda Indonesia Tbk., PT AirAsia Indonesia Tbk., Lion Air, Citilink, and Sriwijaya Air, during the 2019-2023 period. The research results show the significant impact of the COVID-19 pandemic and the spread of new variants of the corona virus on profitability, asset efficiency and company capital structure in 2020. AirAsia Indonesia has the highest and consistent performance with a higher ROE. This research recommends improvements to operational asset efficiency, capital structure and better services so that financial performance is more sustainable in the future. This study helps the behavior of companies and investors in making effective decisions.References
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