Comparative Analysis of the Financial Performance of Companies in The Cosmetics Sub Sector and Household Needs During and After the Covid-19 Pandemic in Indonesia and Thailand

Widyana Purnama Dewi; Sri Luayyi

doi:10.58526/jsret.v3i4.617

Authors

Widyana Purnama Dewi Universitas Islam Kadiri
Sri Luayyi Universitas Islam Kadiri

DOI:

https://doi.org/10.58526/jsret.v3i4.617

Keywords:

ROA, CR, TATO, DER, Covid-19 Pandemic, Cosmetic and Household Supplies

Abstract

This study aims to analyze the comparative financial performance of cosmetics and household needs sub-sector companies during and after the covid-19 pandemic on the Indonesia Stock Exchange (IDX) and the Stock Exchange of Thailand (SET) in 2020 and 2023. Financial ratio variables are proxied by ROA, CR, TATO and DER. The object of research on the Stock Exchange of Thailand (SET) is a novelty in this research. The sampling technique in this study used purposive sampling method. The final sample obtained was 12 companies in the household cosmetics sub-sector on the Indonesia Stock Exchange (IDX) and the Stock Exchange of Thailand (SET) in 2020 and 2023. This study uses secondary data obtained through the official websites of the IDX and SET and related companies. This research is a comparative study with the Paired Sample T-Test and Wilcoxon Signed Ranks Test data analysis methods using SPSS version 25. The results showed that in Indonesia there were differences in TATO during and after the covid-19 pandemic, but ROA, CR, and DER had no differences. In Thailand, ROA, CR, TATO and DER did not experience differences during and after the covid-19 pandemic. Indonesia shows better financial performance compared to Thailand.

Downloads

Download data is not yet available.

References

Ahmad, Mokbul Morshed, en Shahab E. Saqib. 2020. “Pandemic in the land of the smile: the case of COVID-19 outbreak in Thailand in 2020”. Global Health 167(1):41–19. doi: https://doi.org/10.1016%2FB978-0-323-99277-0.00011-5.

Dr.Sugiyono. 2013. “Metode penelitian pendidikan pendekatan kuantitatif, kualitatif dan R&D”.

Endah, Nur Hadiati. 2014. “Perilaku Pembelian Kosmetik Berlabel Halal Oleh Konsumen Indonesia”. Jurnal Ekonomi dan Pembangunan 22(1):11–25. doi: 10.14203/JEP.22.1.2014.25-39.

Fujianti, Lailah. 2022. “Analisis Perbedaan Kinerja Keuangan Sebelum Dan Masa Pandemi COVID 19 Di Berbagai Sub Sektor Industri Manufaktur”. JRB-Jurnal Riset Bisnis 6(1):41–53. doi: 10.35814/JRB.V6I1.3972.

Hery. 2016. Analisis Laporan Keuangan Integrated And Comprehensive. 1st ed. onder redaksie van Adipramono. Jakarta: PT Grasindo, Jakarta.

Kasmir. 2016. Analisis Laporan Keuangan. Jakarta: PT Raja Grasindo Persada.

Kasmir. 2019. Analisis Laporan Keuangan. 11th ed. Depok: PT Raja Grafindo Persada.

MPG. 2022. “A Beautiful Opportunity? – A Review of The Cosmetics Industry in Thailand”. Mahanakorn Partners Group. Opgehaal 10 Desember 2022 (https://mahanakornpartners.com/a-beautiful-opportunity-a-review-of-the-cosmetics-industry-in-thailand/).

Pramesty, Ega Notria Anggun, en Rina Dwiarti. 2023. “Analisis Perbandingan Kinerja Keuangan Sebelum dan Selama Pandemi Covid-19 pada Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia”. Jurnal Ilmiah Wahana Pendidikan 9(20):181–98. doi: 10.5281/ZENODO.8409227.

Rachmawati, Eka Nuraini, Randi Saputra, en Yella Deswita. 2022. “Analisis Perbandingan Kinerja Keuangan Pada Perusahaan Tourism, Hotel And Restaurant Sebelum Dan Saat Pandemi Covid-19”. Jurnal Ekonomi KIAT 33(2):1–11. doi: 10.25299/KIAT.2022.VOL34(1).11513.

Ryanda, Muhammad Hafizh. 2021. “Perbandingan Kinerja Keuangan Perusahaan Telekomunikasi Di Indonesia Sebelum Dan Setelah Pandemi Covid-19”. Indonesian Accounting Literacy Journal 2(1):210–21. doi: 10.35313/IALJ.V2I1.3359.

Saniati, Farraila, en Biyan Yesi Wilujeng. 2020. “Analisis Produk Kosmetik Make Up Salah Satu Merek Global Terhadap Keputusan Pembelian”. Jurnal Tata Rias 09(2):457–64.

Siahaan, Matdio. 2020. “Dampak Pandemi Covid-19 Terhadap Dunia Pendidikan”. Jurnal Kajian Ilmiah 1(1):73–80. doi: 10.31599/JKI.V1I1.265.

WHO. 2023. “Statement on the fifteenth meeting of the IHR (2005) Emergency Committee on the COVID-19 pandemic”. World Health Organization. Opgehaal 01 Februarie 2024 (https://www.who.int/news/item/05-05-2023-statement-on-the-fifteenth-meeting-of-the-international-health-regulations-(2005)-emergency-committee-regarding-the-coronavirus-disease-(covid-19)-pandemic).