Analisis Tren dan Efisiensi Kinerja Keuangan PT. Selamat Sempurna Tbk (SMSM) Periode 2020 – 2024: (Pendekatan Analisis DuPont)

Mohammad Hafidz Sagala; Fayakhun Wibisono; Alya Safana; Siti Nur Hidayah

doi:10.59024/jumek.v4i1.773

Authors

Mohammad Hafidz Sagala Universitas Pembangunan Panca Budi
Fayakhun Wibisono Universitas Pembangunan Panca Budi
Alya Safana Universitas Pembangunan Panca Budi
Siti Nur Hidayah Universitas Pembangunan Panca Budi

DOI:

https://doi.org/10.59024/jumek.v4i1.773

Keywords:

DuPont Analysis, Financial Performance, Net Profit Margin, PT. Selamat Sempurna Tbk, Return on Equity

Abstract

This study aims to analyze the trends and efficiency of PT Selamat Sempurna Tbk’s (SMSM) financial performance during the 2020–2024 period using the DuPont method. The study employs a quantitative descriptive approach using secondary data obtained from the company’s annual financial reports. The analysis was conducted by measuring the Net Profit Margin (NPM), Total Asset Turnover (TATO), Equity Multiplier (EM), and Return on Equity (ROE) as the main components of the DuPont method. The results show that the financial performance of PT Selamat Sempurna Tbk followed a positive trend during the study period. Net sales increased from Rp3.23 trillion in 2020 to Rp5.16 trillion in 2024, while net income rose from Rp565.8 billion to Rp1.02 trillion. The NPM increased from 17.50% to 19.83%, TATO remained relatively stable in the range of 0.90–1.11 times, and EM remained within a controlled range of 1.26–1.32 times. The improvement in these three components drove an increase in ROE from 20.48% to 26.00%. The analysis results indicate that the increase in ROE was driven more by improved profitability and the effective utilization of assets than by the use of leverage. Thus, PT Selamat Sempurna Tbk demonstrates healthy, efficient, and sustainable financial performance and is capable of creating added value for its shareholders.

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