TITLE:
Corporate Financial Performance in the COVID-19 Pandemic
AUTHORS:
Annisa Wantri Fajriyanti, Wiyarni Wiyarni
KEYWORDS:
COVID-19, Liquidity Ratio, Solvency Ratio, Activity Ratio, Profitability Ratio
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.12 No.1,
January
27,
2022
ABSTRACT: The purpose of this study was to determine the condition of the company’s
financial performance during the COVID-19 pandemic measured by the ratio of
liquidity, solvency, profitability, and activity. The type of data used in this research is secondary data including
financial reports in consumer goods companies in the food & beverage
sub-sector, pharmaceutical companies, and telecommunications
companies listed on the Indonesia Stock Exchange (IDX) in 2020. The financial report data is processed
using the finance ratios including
liquidity ratios (current ratio, quick ratio), solvency ratio (Debt to Assets
Ratio, Debt to Equity Ratio), activity ratios (Fixed Assets Turnover, Total
Assets Turnover Ratio), and profitability ratios (Gross Profit Margin, Return
on Equity), Return on Investment). Then draw conclusions from that ratio analysis, and make further analyses. From the research
results obtained by PT. Indofood CBP
Sukses Makmur based on the liquidity ratio, the solvency ratio is declared
good, the activity ratio and the profitability are declared less efficient and optimal, but the GPM is declared good. Then
the financial performance of PT. Telekomunikasi
Indonesia based on the liquidity ratio is stated to be not good, the
solvency ratio is stated to be quite good, the activity ratio seen from the FATO and TATO analysis is stated to be not
good enough and less efficient, based
on the profitability ratio GPM is declared good, while the ROE and ROI
are stated to be less efficient and not optimal. Furthermore, the financial performance of PT. Kalbe Farma Tbk based on the
liquidity ratio is declared good, solvency
is declared good enough, activity is declared not good or efficient, profitability as seen from the GPM analysis is
declared good but ROE and ROI are declared less efficient.