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

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.