ASSESING THE FINANCIAL DEVELOPMENT OF PT PLN (PERSERO) FOR 2020-2024 USING THE DU PONT SYSTEM

Abstract

This study aims to assess the financial development of PT PLN (Persero) from 2020 to
2024. The method used is the Du Pont System, which divides Return on Assets (ROA)
into two parts: Total Asset Turnover (TATO) and Net Profit Margin (NPM). This helps
show how well the company utilizes its assets and how profitable it is. The data was
obtained from PT PLN's financial reports for the last five years and analyzed
descriptively. The results show that Total Asset Turnover continues to increase every
year, meaning that the company is using its assets more efficiently. Net Profit Margin
fluctuated, with an overall upward trend until 2023, then experienced a slight decline
in 2024. When looking at the overall Return on Investment (ROI) using the Du Pont
System, the results show positive growth with an average ROI of 12.4%. These results
indicate that PT PLN has improved its financial performance by better managing its
assets and increasing its profits. This is useful for stakeholders to understand the
company's strengths and how it may face challenges in the future.