COUNT: Journal of Accounting, Business and Management
Vol. 3 No. 3 (2026): COUNT: Journal of Accounting, Business and Management

FINANCIAL PERFORMANCE, ENERGY INTENSITY, AND OPERATIONAL EFFICIENCY: A DESCRIPTIVE CASE STUDY PT. AMMAN MINERAL INTERNASIONAL TBK

Sri Suryaningsum (Program Pascasarjana Akuntansi, FEB, UPN Veteran Yogyakarta)
Brainy Sabrina Gultom (Akuntansi, Fakultas Ekonomi dan Bisnis, UPN Veteran Yogyakarta)
Ratih Sekar Ratnasari (Teknik Industri, FTI, UPN Veteran Yogyakarta)
Bambang Mahendra Andhika (Manajemen, Universitas Terbuka)



Article Info

Publish Date
22 Sep 2026

Abstract

This study analyzes changes in energy intensity, operational efficiency, and financial performance at PT Amman Mineral Internasional during the 2020–2024 period and describes their relationship with selected financial performance indicators. The study employs a descriptive quantitative approach using a single case study design. Secondary data were obtained from the company’s annual reports and sustainability reports, complemented by relevant publications from the Ministry of Energy and Mineral Resources, the U.S Energy information administration, and other industry related sources. Energy intensity is measured as energy consumption per ton of copper concentrate produced, while energy output efficiency is assessed using the ratio of output to energy consumption.  The results indicate that energy intensity decreased from 1.25 GJ/ton in 2020 to 1.10 GJ/ton in 2024, representing a cumulative decline of approximately 12.0%. Conversely, the output-to-energy ratio increased from 0.80 ton/GJ to 0.91 ton/GJ, or approximately 13.75%. These changes indicate an improvement in energy productivity during the observation period. Over the same period, the company also experienced changes in net profit, profit margin, and operating costs. However, the descriptive findings do not establish a causal relationship between changes in energy efficiency and financial performance. The results provide empirical evidence of changes in energy productivity and financial performance during the study period and highlight the relevance of energy intensity as an operational efficiency indicator in the mining industry.

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Journal Info

Abbrev

count

Publisher

Subject

Economics, Econometrics & Finance

Description

Marketing Management Finance Management Strategic Management Operation Management Human Resource Management E-business Knowledge Management Corporate Governance Management Information System International Business Business Ethics and Sustainability Entrepreneurship Islamic management Islamic Banking ...