PENILAIAN KINERJA KEUANGAN PT UNILEVER INDONESIA TBK. DENGAN MENGGUNAKAN RETURN ON INVESTMENT (ROI) DAN RESIDUAL INCOME (RI) PERIODE 2021-2023

Abstract

        PT Unilever Indonesia Tbk. is a company that is able to improve its financial performance and total net profit every year, but in the 2021-2023 period it decreases every year, so it is necessary and important to assess the company's financial performance so that we can know what its financial condition will be in the future. This research aims to determine the value of the company's financial performance using Return On Investment (ROI) and Residual Income (RI) from 2021 to 2023.

        The type of research used is quantitative descriptive. The data needed in this research is the 2021-2023 financial report on the official website of PT Unilever Indonesia Tbk. The variables in this research are financial performance, Return On Investment (ROI) and Residual Income (RI) which includes NOPAT, WACC and Cost of Capital. The data source used is secondary data. The analysis tools in this research are net profit after tax, total assets, tax, net operating profit after tax, WACC and cost of capital.

        The analysis results show that the company's condition is unstable. The relationship between Return On Investment (ROI) and the cost of capital shows that the company's Return On Investment (ROI) was below the cost of capital for three periods. It can be concluded that the Residual Income (RI) analysis of the company's financial performance is not good enough. Negative Residual Income (RI) for three periods indicates that the company has not invested its capital effectively. Companies can re-evaluate investment policies that have been carried out so as to produce efficient capital costs so that the Residual Income (RI) value is positive and needs to balance the increase in sales with the increase in company profits. Future researchers who use the same topic are advised to carry out further studies by including other analytical tools such as NPM, TATO and ROE which can influence company performance. Future researchers should look for more literature sources so they can provide a better discussion.