COMPARATIVE ANALYSIS OF FINANCIAL PERFORMANCE BEFORE AND AFTER COVID-19 PANDEMIC EVIDENCE IN INDONESIA
Abstract
This study aims to test whether there are differences in liquidity, profitability, leverage, and market ratios from the impact of during and after the covid-19 pandemic. The sample in this study consisted of 60 observations from 30 manufacturing sector companies listed on the Indonesia Stock Exchange in 2020 and 2021. The manufacturing sector was used as the object of the research because manufacturing sector companies are engaged in the real sector where there are various types of businesses in the sector compared to other sectors. Testing in this study used the Wilcoxon rank test. The results show that there are differences in the average values of the leverage variables during and after the covid-19 pandemic. While the liquidity, profitability and market ratios have no difference in the average values during and after the covid-19 pandemic. The results show that during the COVID-19 pandemic, manufacturing companies experienced a decline in the quality of company asset management, so that it had an impact on the company's condition in fulfilling company obligations, although manufacturing companies were still able to make profits even though they experienced a decline.