Financial Performance Analysis of Tourism Company listed in IDX during COVID-19 Pandemic

DOI

10.2991/assehr.k.220404.321How to use a DOI?

Keywords

Financial Performance; Profitability; Tourism; COVID-19

Abstract

The tourism industry around the world including Indonesia is facing significant challenges due to the COVID-19 pandemic. The declining number of tourists and the number of tourist sites that had to be closed during the pandemic were the major factors why the tourism industry had become so volatile over the past few months. The purpose of this study was to analyze the effect of COVID-19 on the financial performance of tourism sector companies by analyzing financial ratios, namely Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE). This study uses a quantitative approach and secondary data from a company in the tourism sector listed in IDX for the second quarter of 2019 and the second quarter of 2020 as a comparison before and during the COVID-19 outbreak. Testing is done by using the Paired Sample T-Test. The results of data processing show that there are significant differences in the financial performance of tourism companies in Indonesia before and during COVID-19 which can be seen from the results of the Table Paired Sample T-Test ratio of NPM, ROA, and ROE.

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Diajeng Fitri Wulan
AU  - Zahwa Farahdila
PY  - 2022
DA  - 2022/04/21
TI  - Financial Performance Analysis of Tourism Company listed in IDX during COVID-19 Pandemic
BT  - Proceedings of the 3rd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2021)
PB  - Atlantis Press
SP  - 1960
EP  - 1966
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220404.321
DO  - 10.2991/assehr.k.220404.321
ID  - Wulan2022
ER  -