ANALISIS PERBANDINGAN KINERJA KEUANGAN PADA PT WISMILAK INTI MAKMUR TBK DAN PT BENTOEL INVESTAMA TBK TAHUN 2015-2024
DOI:
https://doi.org/10.61722/jaem.v3i2.10474Keywords:
financial performance, return on assets, return on equity, tobacco industry, comparative analysisAbstract
This study aims to analyze and compare the financial performance of PT Wismilak Inti Makmur Tbk and PT Bentoel Investama Tbk during the period 2015–2024 using profitability ratios, namely Return on Assets (ROA) and Return on Equity (ROE). The research employed a quantitative approach with a comparative descriptive method. The data used in this study were secondary data obtained from the annual financial statements published by the Indonesia Stock Exchange and the official websites of both companies. The sampling technique used was purposive sampling, with the selected samples being PT Wismilak Inti Makmur Tbk and PT Bentoel Investama Tbk. Data analysis techniques included profitability ratio analysis, normality testing, homogeneity testing, and hypothesis testing using ANOVA. The results showed that the financial performance of both companies fluctuated during the research period. Based on the statistical test results, the significance value for ROA was 0.501 > 0.05 and for ROE was 0.335 > 0.05. These results indicate that there is no significant difference in financial performance between PT Wismilak Inti Makmur Tbk and PT Bentoel Investama Tbk based on ROA and ROE ratios. This finding suggests that both companies have relatively similar effectiveness in managing assets and equity to generate profits.
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