Analisis Pengaruh Komponen Dupont System (Net Profit Margin, Total Asset Turnover, Equity Multiplier) Terhadap Return on Equity pada PT. XYZ

Abstract

The stock price trend of PT XYZ shows annual fluctuations. These fluctuations indicate that stock prices are influenced not only by external factors but are also linked to the company’s financial performance. Companies with sound financial health are generally able to manage their resources optimally to generate stable profits. The mining sector, including PT XYZ has drawn attention from various stakeholders due to its contribution to the economy and its sensitivity to global market conditions. Financial performance in this study was analyzed using the DuPont System approach, which consists of Net Profit Margin (NPM), Total Asset Turnover (TATO), and Equity Multiplier (EM) to assess Return on Equity (ROE). This study aims to determine the influence of the DuPont System components on Return on Equity. The method used in this study is quantitative with secondary data as the source, specifically the financial statements of PT. XYZ for the 2012–2024 period, downloaded from the company’s website. Data collection was conducted through documentation. Data analysis utilized multiple linear regression. The results indicate that the company’s financial performance during the 2012–2024 period tended to fluctuate Net Profit Margin (NPM) and Total Asset Turnover (TATO) have a significant effect on Return on Equity (ROE), whereas the Equity Multiplier (EM) does not have a significant effect on ROE at PT XYZ. Simultaneously, Net Profit Margin (NPM), Total Asset Turnover (TATO), and Equity Multiplier (EM) have a significant effect on Return on Equity (ROE).