ANALYSIS OF THE FINANCIAL PERFORMANCE OF COAL MINING SUB-SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE BEFORE AND DURING THE COVID-19 PANDEMIC

• Main Author: Mazidatu Nazil, Taqiyal
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/70801
• Institution: Institut Teknologi Bandung

Various global events, including the COVID-19 pandemic, which has been ongoing for nearly three years, have had varying effects on social and economic activities. This occurrence prompted several countries, including Indonesia, to impose social restrictions to halt the spread of COVID-19. These conditions led to a decline in the company’s performance and disrupted the company’s operations in several sectors, including the coal industry. India and China are Indonesia’s biggest markets for the coal industry. As a result of the COVID-19 pandemic that emerged in China, Indonesian coal mining and trading activities were also disrupted. This study aims to analyze the financial performance of coal mining sub-sector companies listed on the Indonesia Stock Exchange before (2019) and during (2021) the COVID-19 pandemic. The number of samples that will be used in this study are 14 companies that are on the main board shares on the Indonesia Stock Exchange. Profitability ratios, liquidity ratios, leverage ratios, and market ratios are used to assess the company’s financial performance. Statistical tests in this study used the Wilcoxon Signed Ranks Test, because there were data that were not normally distributed. The hypothesis used in this study is that there is a difference between financial performance before and during the COVID-19 pandemic. According to the findings of this study, there are differences in the values of return on assets, return on equity, and price to book value before and during the COVID-19 pandemic.