Commercium: Journal of Business and Management
Vol. 3 No. 2 (2025): May 2025

Analysis of Profitability in Mining Companies Affiliated with MIND ID in 2020 - 2023

Ningrum, Retno Widya (Unknown)
Pramayuda, Agung (Unknown)
Musadat, Irfan Achmad (Unknown)



Article Info

Publish Date
12 Mar 2025

Abstract

MIND ID (Mining Industry Indonesia) is a holding company that aims to manage and oversee State-Owned Enterprises (SOEs) mining companies. This holding is expected to play a role in managing the nation's strategic assets and enhancing value through synergy and efficiency among the mining companies under MIND ID. Three of these companies, namely PT Aneka Tambang Tbk, PT Bukit Asam Tbk, and PT Timah Tbk, have listed their shares on the Indonesia Stock Exchange, with the stock codes ANTM, PTBA, and TINS, respectively. As an investor, it is crucial to monitor the performance of companies in which one is considering investment or has already invested, particularly from the financial perspective, especially profitability. Based on profitability analysis using Gross Profit Margin (GPM), Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE), PTBA stands out as the top-performing company, with an overall rating of "very good."

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Journal Info

Abbrev

commercium

Publisher

Subject

Decision Sciences, Operations Research & Management Other

Description

Commercium: Journal of Business and Management, is an open-access, peer-reviewed academic journal dedicated to publishing high-quality research in the field of business and management. The journal provides a platform for scholars and practitioners to explore a wide range of topics in business, ...