Penilaian Kinerja Keuangan Dengan Menggunakan Analisis Du Pont System (Studi Kasus PT. Pertamina (Persero) Tahun 2020-2023)

Financial statements essentially serve as an information medium that reflects the overall activities of a company, commonly presented in the form of a balance sheet and an income statement for a specific period. The DuPont Analysis is a financial method aimed at identifying the main factors influencing a company’s profitability, particularly Return on Equity (ROE). This analysis decomposes ROE into several key components, thereby facilitating the identification of sources of efficiency as well as potential weaknesses within the company. The objective of this study is to examine the effectiveness of the financial performance of PT Pertamina during the period 2020–2023 based on the Du Pont System analysis.                                                                                                  This research conducts an in-depth and comprehensive examination to evaluate the company’s financial performance by employing the Du Pont System as the primary analytical tool, applied to the company’s financial data from 2020 to 2023. The study adopts a descriptive quantitative approach and utilises secondary data, namely data obtained indirectly through intermediaries such as the internet, financial reports, books, and other relevant sources. The population of this research comprises state-owned enterprises (SOEs), with PT Pertamina selected as the research sample. The findings indicate that the financial performance of PT Pertamina (Persero) during 2020–2023, as measured by the DuPont Analysis, can be considered effective, as the average values of Net Profit Margin (45%), Total Asset Turnover (0.82), Equity Multiplier (2.3), and Return on Equity (87.06%) are above industry standards. This condition is influenced by the company’s effectiveness in managing sales and assets to generate net profit.