Analysis of Financial Performance and Financial Distress of Transportation Companies on the IDX Before and During the Covid-19 Pandemic

Authors

  • Annisa Salsabila Fitri Tazkia Islamic University College
  • Rahma Wijayanti Tazkia Islamic University College

DOI:

https://doi.org/10.30993/jicab.v2i1.334

Keywords:

ROA (Return On Assets) , ROE (Return On Equity), NPM (Net Profit Margin) , DAR (Debt to Assets Ratio) , DER (Debt to Equity Ratio) , Financial Distress

Abstract

This study aims to determine the differences in financial performance as indicated by the profitability ratios, namely ROA, ROE and NPM, and the solvency ratio, namely DAR and DER. And also to analyze financial distress or potential bankruptcy of transportation companies on the Indonesia Stock Exchange before and during the Covid-19 pandemic. Method: The method used to measure differences in financial performance is using the Wilcoson Signed Rank Test because the data are not normally distributed. And the method used to analyze financial distress is the Springate method with a descriptive analysis. Result : The results of the analysis of the different Profitability ratio test there are significant differences in the ROA and NPM ratios. And there is no significant difference in the ROE . ratio. The results of the analysis of the Solvency ratio difference test, there is a significant difference in the DAR ratio and there is no significant difference in the DER . ratio. The results of the analysis show that most of the transportation companies on the Indonesia Stock Exchange in 2019 and 2020 as measured by the Springate method have the potential to go bankrupt because as many as 31 companies in 2019 and 2020 are at <0.862.

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Published

2024-03-31

Issue

Vol. 2 No. 1 (2024): JICAB

Section

Articles

License

Copyright (c) 2024 Analysis of Financial Performance and Financial Distress of Transportation Companies on the IDX Before and During the Covid-19 Pandemic © 2024 by Annisa Salsabila Fitri, Rahma Wijayanti is licensed under CC BY-NC 4.0

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Journal of Islamic Contemporary Accounting and Business © 2023 by Tazkia Islamic University College is licensed under CC BY-NC 4.0 

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