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Abdul Manap
Fakultas Ekonomi & Bisnis, Universitas Jayabaya
Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering

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Financial Performance Evaluation in Property Companies Using the DuPont Method: Insights and Implications Abdul Manap; Patrice Vincia; Yogi Alfadrus; Nayyara Muthi
Journal on Economics, Management and Business Technology Vol. 3 No. 1 (2024): September: Economics, Management and Business Technology
Publisher : IHSA Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/jembut.v3i1.243

Abstract

This research examines the financial performance of property companies using the DuPont method, which breaks down Return on Equity (ROE) into three components: profitability, asset turnover, and financial leverage. The study applies this method to a sample of property firms to understand how these factors influence overall financial performance in the real estate sector. Findings indicate that while profitability and asset efficiency are critical for financial success, financial leverage has a significant impact due to the sector's capital-intensive nature. Companies that manage their profit margins, optimize asset use, and maintain balanced leverage typically achieve better financial outcomes. However, the research also highlights limitations of the DuPont method, such as its reliance on historical accounting data and its inability to fully account for market volatility, non-financial factors, and long-term investment dynamics unique to the property sector. To address these limitations, the study suggests integrating the DuPont method with additional analyses that consider market conditions, forward-looking indicators, and non-financial aspects. This comprehensive approach offers a more accurate understanding of financial performance, aiding property managers, investors, and policymakers in making informed decisions.
Evaluating Financial Performance of Investment Companies Using the Treynor-Black Method: An Analysis of Risk-Adjusted Returns and Portfolio Optimization Abdul Manap; Glorya Glorya; Rievay Rievay; Septina Gabriela; Yumia Ancella Zahra
Journal on Economics, Management and Business Technology Vol. 3 No. 1 (2024): September: Economics, Management and Business Technology
Publisher : IHSA Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/jembut.v3i1.244

Abstract

This research evaluates the financial performance of investment companies using the Treynor-Black Method, which optimizes portfolios by combining high-alpha assets with a market portfolio to enhance risk-adjusted returns. The study applies this method to a sample of investment companies to examine its effectiveness in improving key performance metrics, including the Sharpe Ratio, Treynor Ratio, and Jensen’s Alpha. Findings indicate that the Treynor-Black Method substantially improves portfolio performance, with optimized portfolios showing higher Sharpe and Treynor Ratios and positive Jensen’s Alpha. These results suggest effective management of systematic risk and added value through active management. Nonetheless, the research acknowledges limitations such as dependence on historical data, potential data quality issues, and challenges in alpha and beta estimation. These constraints highlight the need for cautious interpretation and suggest future research directions, including the use of real-time data and alternative optimization approaches. The study provides practical insights for investment managers, offering a refined framework for portfolio construction and performance evaluation. It contributes to the field by validating and extending the Treynor-Black Method, enhancing strategies for aligning portfolios with risk-return objectives.
Co-Authors Glorya Glorya Nayyara Muthi Patrice Vincia Rievay Rievay Septina Gabriela Yogi Alfadrus Yumia Ancella Zahra