Differences in the Strength of Financial Ratios and Financial Distress of Transportation Companies in Indonesia during the Covid-19 Pandemic Era

Sopacua, Ivana Oktarina and Kusuma, Manggar Wulan (2022) Differences in the Strength of Financial Ratios and Financial Distress of Transportation Companies in Indonesia during the Covid-19 Pandemic Era. In: The 4th International Conference on Business and Banking Innovations (ICOBBI) 2022.

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Abstract

Since the existence of COVID-19, it has had many impacts on the development of a company in any sector, including transportation sector companies. This study wants to analyze differences in financial ratios and financial distress in transportation sector companies listed on the IDX before and during the COVID-19 period in 2019-2020, using financial ratios, namely the current ratio, debt ratio, total asset turnover, net profit margin dan sales growth. For the measurement of financial distress, this study uses the Z-Score. The population of the transportation sector companies listed on the BEI used for this study were 46 companies. However, during further investigation using the purposive sampling method, only 33 companies were able to meet the criteria for this research sample. The Wilcoxon signed rank test was used for the different test in this study, which was then processed using SPSS. During the normality test and the difference test were carried out, the results of the data analysis in this study showed that there was no difference in the current ratio and debt ratio variables, before and during the presence of COVID-19 in transportation sector companies listed on the IDX. However, the results of data analysis provide different results on the variables of total asset turnover, net profit margin, sales growth and Z-Score before and during COVID-19 in transportation sector companies listed on the IDX. Keywords: Financial Ratios, Financial Distress, COVID-19

Item Type: Conference or Workshop Item (Paper)
Subjects: 600 - TECHNOLOGY > 650 - 659 MANAGEMENT & PUBLIC RELATIONS > 658 - GENERAL MANAGEMENT > 658.152 - MANAGEMENT OF FINANCIAL OPERATIONS
Divisions: ICOBBI (International Conference of Business and Banking Innovations)
Depositing User: Perpustakaan Universitas Hayam Wuruk Perbanas Surabaya
Date Deposited: 22 Jun 2022 03:32
Last Modified: 28 Jun 2022 01:29
URI: http://eprints.perbanas.ac.id/id/eprint/9246

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