Comparative Analysis of Financial Performance Before and During the Covid-19 Pandemic Period 2018-2021 (Subsector Automotive and Component Companies Listed on Idx)
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 12
Abstract
Covid-19 pandemic triggered a massive turmoil in uncertainty and big impact on health care, mobility, social activities and economic growth. That low economic growth lead business activities of companies in transformation. This study aims to observe the differences in financial performance of automotive and component companies listed on Indonesia Stock Exchange before and during Covid-19 pandemic 2018-2021 period. The population used is automotive and component companies listed on Indonesia Stock Exchange, determined based on the purposive sampling method with the criteria which is companies have been publishing their financial statement and annual report until 2021, resulting 10 companies as research samples. Research type in this study is event study. Secondary data used as sourced data. Analysis method of data using descriptive test and wilcoxon signed ranked test, with a software SPSS ver 26. The result shows there were no significant difference in the liquidity measured by current ratio, along with profitability measured by return on asset, return on equity and net profit margin in the automotive and component companies between before and during pandemic period. Meanwhile, companies’ activity measured by receivable turnover and total asset turnover have significant difference between before and during pandemic period.
Authors and Affiliations
Linda Ayu Ningrum, Saryadi,Dinalestari Purbawati
Keywords
Related Articles
- EP ID EP726626
- DOI 10.47191/jefms/v5-i12-27
- Views 31
- Downloads 0
The Impact of Customer Journey and Trust on Purchasing Decisions for Quality Furniture in the Digital Era: A Serial Mediation Analysis
This study examines the factors influencing low purchasing decisions for furniture products in the digital era, specifically focusing on Web Atmospheric Cues, Customer Journey, Customer Trust, Product Quality, and Social...
The Effects of International Financial Reporting Standards on the Quality of Financial Statements in Nigeria Listed Companies
The study of the effects of international financial reporting standards on the quality of financial statements in Nigeria listed companies seeks to understand how the implementation and adherence to the accounting standa...
Asta Brata Leadership in Building Public Trust to Realize Polri Presisi at Polres Tuban
The concept of Asta Brata leadership is a leadership doctrine for individuals and groups of individuals, as every individual is a leader of themselves. The concept of leadership is a characteristic of Indonesia. This res...
Trends in Information Technology Development, And Strategy Selection in Increasing the Profitability of Banking Activities in Indonesia
Information technology, strategy selection, and profitability can be used as variables in determining the strategy of the banking industry in Indonesia to increase productivity and profits of a company in the banking sec...
Digital Conversion of Document Management at Thu Dau Mot University, Binh Duong Province
Currently, in management and administration activities, Thu Dau Mot University produces a large amount of management, administration, and direction information stored in text form. To meet the development requirements of...