COMPARATIVE ANALYSIS OF COMPANY FINANCIAL PERFORMANCE BEFORE AND DURING THE COVID-19 PANDEMIC (A STUDY OF MINING AND ENERGY COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE)

Abstract

A company's financial performance is influenced by social, political, and economic conditions. The COVID-19 pandemic has changed the condition of a company. This study aims to test whether or not there is a significant influence between before and during the pandemic through independent variables such as Current ratio, Return On Asset, Debt to Equity Ratio, Net Profit Margin, and Total Asset Turnover. in mining and energy companies listed on the Indonesia Stock Exchange in 2017-2022. The data used in this study are secondary data, with data collection techniques using literature study and documentation methods. The research method used is descriptive quantitative. The sampling technique uses the purposive sampling method. The sample used in this study was 15 mining companies and 24 energy companies listed on the IDX. The results of this study are that the financial performance of mining and energy companies listed on the IDX experienced a significant difference in improving in terms of Current Ratio, Return On Asset, and Total Asset Turnover, then experienced a significant difference in decreasing in terms of Net Profit Margin, and did not experience a significant difference in terms of Debt to Equity Ratio.

Keywords: Current ratio, Return On Asset, Debt to Equity Ratio, Net Profit Margin, and Total Asset Turnover.