Financial Performance Assessment of LQ45 Companies using DuPont Analysis during the Period of 2013-2017

Proceedings of the Proceedings of the 1st International Conference on Finance Economics and Business, ICOFEB 2018, 12-13 November 2018, Lhokseumawe, Aceh, Indonesia Pub Date : 1900-01-01 DOI:10.4108/eai.12-11-2018.2288764

Muhammad Fuad, Rini Mastuti, R. Meutia, Cici Syaila

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引用次数: 1

Abstract

The financial performance of a listed company will affect the market sentiment on the company. Therefore, financial performance needs to be assessed periodically and in detail. The study aims to assess the financial performance of LQ45 listed companies using DuPont analysis, which provides an in-depth review by decomposing Return of Equity (ROE). 34 companies are selected purposively as samples, and secondary data is sourced from the financial statements for the period of 2013-2017. Results showed the majority of LQ45 companies had relatively poor performance based on ROE, which was attributed to the value of profit margin, total assets turnover, and equity multiplier that fluctuates. It is recommended the company should increase its asset productivity in generating business profit through increased sales. Government interventions to create a conducive business environment are also needed.

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2013-2017年LQ45公司财务绩效评估的杜邦分析法

上市公司的财务业绩会影响市场对该公司的情绪。因此，需要定期和详细地评估财务业绩。本研究旨在运用杜邦分析法对LQ45上市公司的财务绩效进行评估。杜邦分析法通过分解净资产收益率(ROE)对LQ45上市公司的财务绩效进行了深入的考察。有意选取34家公司作为样本，二手数据来源于2013-2017年的财务报表。结果显示，大多数LQ45公司的ROE表现相对较差，这是由于利润率、总资产周转率和权益乘数的波动。建议公司通过增加销售额来提高资产生产率，从而产生商业利润。还需要政府干预，以创造有利的商业环境。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Proceedings of the Proceedings of the 1st International Conference on Finance Economics and Business, ICOFEB 2018, 12-13 November 2018, Lhokseumawe, Aceh, Indonesia

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