Comparative Analysis of Financial Performance before And during Covid-19 Pandemic

Muthia Astuti, Zainal Zawir Simon
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Abstract

This study assesses the financial performance of technology sector firms listed on the IDX by utilizing various financial ratios, including Return on Assets, Total Assets Turnover, Current Ratio, Debt to Equity Ratio, and Sales Growth. The study employs a quantitative approach with multiple regression analysis, and the research relies on secondary data gathered from financial reports spanning from the third quarter of 2018 to the second quarter of 2021. The sample selection method employed purposive sampling, resulting in a sample size of nine companies. The normality of the data was assessed using the Kolmogorov-Smirnov method, revealing a non-normal distribution. As a result, the non-parametric Wilcoxon Signed Rank test was applied. The findings indicate significant disparities in the financial performance of technology sector companies listed on the IDX before and during the Covid-19 pandemic, particularly in metrics such as Total Assets Turnover, Current Ratio, Debt to Equity Ratio, and Sales Growth. However, the Return on Assets variable did not significantly differ before and during the Covid-19 pandemic. These insights can be valuable for stakeholders such as investors, creditors, and regulators in comprehending the associated risks and potential impacts when considering investment or extending credit to these entities
Covid-19大流行之前和期间财务绩效的比较分析
本研究通过利用各种财务比率,包括资产收益率、总资产周转率、流动比率、负债权益比率和销售增长率,评估在IDX上市的科技行业公司的财务绩效。该研究采用了定量方法和多元回归分析,研究依赖于从2018年第三季度到2021年第二季度的财务报告中收集的二手数据。样本选择方法采用目的性抽样,样本量为9家公司。使用Kolmogorov-Smirnov方法评估数据的正态性,显示非正态分布。因此,采用非参数Wilcoxon Signed Rank检验。研究结果表明,在新冠肺炎大流行之前和期间,在IDX上市的科技行业公司的财务表现存在显著差异,特别是在总资产周转率、流动比率、债务与权益比率和销售增长等指标上。然而,在2019冠状病毒病大流行之前和期间,资产回报率变量没有显着差异。这些见解对于投资者、债权人和监管机构等利益相关者在考虑投资或向这些实体提供信贷时理解相关风险和潜在影响非常有价值
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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