PROFITABILITY ANALYSIS TO DETERMINE THE EFFECTIVENESS OF CAPITAL UTILIZATION IN GENERATING PROFIT AT PT. ALAKASA INDUSTRINDO TBK

Abstrak

This research aims to determine the effectiveness of capital use through profitability analysis. This research is a type of descriptive research that is quantitative in nature. The population in this research is the financial statements of PT. Alakasa Industrindo Tbk. while the sample in this research is the balance sheet and profit and loss report of PT. Alakasa Industrindo Tbk 2019-2023. The data collection technique for this research was obtained from documentation via the official IDX website, namely www.idx.co.id with profitability analysis tools and Du Pont. The results of this research show that PT. Alakasa Industrindo Tbk. In 2019-2023, based on capital profitability, it has been effective in using its capital in generating profits, but based on the analysis of economic profitability, only 2022 and 2023 have been effective in using its capital in generating profits. And based on Du Pont's analysis, it is known that the factor causing the alignment of profitability with net profit is the NPM ratio and TATO tends to increase and the equity multiplier continues to increase