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All Journal El-Rusyd Jurnal Kajian Pendidikan Islam Journal of Education Technology Information Social Sciences and Health Al-Jadwa: Jurnal Studi Islam JIMPI: Jurnal Inovatif Manajemen Pendidikan Islam Jurnal Pengajaran Sekolah Dasar Multidisciplinary Indonesian Center Journal Journal of Islamic Education Management Research (JIEMER)
Dani, Rahmat
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Religion Humanities Computer Science & IT Earth & Planetary Sciences Education Languange, Linguistic, Communication & Media Mathematics Neuroscience Nursing Public Health Social Sciences Other

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Journal : Multidisciplinary Indonesian Center Journal

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PROFITABILITY RATIO ANALYSIS AS A MEASURE OF FINANCIAL PERFORMANCE OF PT MALINDO FEEDMILL TBK FOR THE 2021-2024 PERIOD Dani, Rahmat; Usmar, Andi
Multidisciplinary Indonesian Center Journal (MICJO) Vol. 3 No. 2 (2026): Vol. 3 No. 2 Edisi April 2026
Publisher : PT. Jurnal Center Indonesia Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62567/micjo.v3i2.2353

Abstract

This study was conducted to analyse profitability ratios as a measure of financial performance at PT Malindo Feedmill Tbk (MAIN) for the period 2021-2024. The animal feed industry faces challenges of high production costs, ranging from 85-90%, as well as dependence on unstable imported raw materials. The research method used is quantitative descriptive with purposive sampling techniques on the company's consolidated financial statements. The indicators used to analyse the data include Gross Profit Margin (GPM), Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE). In 2022, net profit fell sharply by 57% to RP 27 billion due to production cost pressures. However, in 2024, the company managed to recover with a net profit of RP 489.8 billion. This unique finding shows an increase in Return on Assets (ROA) of 9.10% in 2024 despite a decline in assets. This shows that management has succeeded in eliminating unproductive assets and optimising production efficiency. The effectiveness of cost transformation and the company's operational resilience to market fluctuations are reflected in a Return on Equity (ROE) of 18.61% at the end of the period.
Co-Authors Adi Apriadi Adiansha Alwizar ALWIZAR ALWIZAR, ALWIZAR Andi Usmar Arisman Arisman Haryono Haryono Hayat, Mardia Jihanna Ilmi , Dea Kadar M. Yusuf, Kadar M. M. Yusuf, Kadar Nur Intan, Nur Said Subhan Posangi, Said Subhan Supentri Suryati Suryati Zohra Yasin, Zohra