FINANCIAL PERFORMANCE ANALYSIS OF RESTAURANT COMPANIES BEFORE AND AFTER THE EMERGENCE OF COVID-19 OUTBREAK IN INDONESIA
One of the most promising industries is the food and beverage industry. It's because food is a basic human need, and nowadays, people prefer practical solutions. However, in early 2020, an outbreak of coronavirus disease 2019 (covid-19) hit Indonesia, affecting nearly all industrial sectors, in...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/63564 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | One of the most promising industries is the food and beverage industry. It's because food is a basic human need, and nowadays, people prefer practical solutions. However, in early 2020, an outbreak of coronavirus disease 2019 (covid-19) hit Indonesia, affecting nearly all industrial sectors, including the food and beverage industry, specifically restaurant. The increasing spread of the covid-19 is posing a serious threat to our lives and economy, and this phenomenon has transformed human behavior. PT Fast Food Indonesia Tbk (FAST), PT Map Boga Adi Perkasa Tbk (MAPB) and PT Sarimelati Kencana Tbk (PZZA) have the franchise license of multiple brands such as Kentucky Fried Chicken, Starbucks and Pizza Hut in Indonesia. This research's purpose is to determine the financial performance of FAST, MAPB, and PZZA from 2019 Q1 until 2020 Q4 and the difference before and after the emergence of the covid-19 outbreak in Indonesia. The data collected from the public financial report of FAST, MAPB, and PZZA Tbk from 2019 Q1 until 2020 Q4. The research’s period is 2019 Q1 until 2020 Q4 period which are before (2019 Q1 until 2019 Q4) and after (2020 Q1 until 2020 Q4) the emergence of the covid-19 outbreak. The tools that we used in this study is the Financial Ratio Analysis, Stock Price Analysis, and Paired T-test Analysis. This research shows that this pandemic has a significant impact on different levels of each company on financial performance, namely liquidity ratios, solvency ratios, profitability ratios, activity ratios, and stock prices. Hopefully, this research's result would help illustrate the covid-19 outbreak's impact on food and beverage industry especially FAST, MAPB, and PZZA. |
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