Analysis Of Activity Ratio And Profitability Ratio During The COVID-19 Pandemic At Food And Beverage Companies Listed On Indonesian Stock Exchange (IDX)

Abstract

This study aims to determine and analyze financial performance based on activity ratio and profitability ratio in the COVID-19 pandemic at food and beverage companies are listed on the Indonesia Stock Exchange (IDX). The research use  quantitative research with a descriptive approach. The data selection technique are using literature studies and documentation. The data analysis technique used in this study use a descriptive approach. The calculation of the activity ratio is carried out by the ratio of receivables turnover, inventory turnover, working capital turnover, fixed asset turnover and total asset turnover. The results of this study indicate that the activity ratio and the profitability ratio of food and beverage companie are in poor condition. Nevertheless, the financial performance grow positively from period to period. And the profitability ratio show bad performance, effectiveness and efficiency to use resource not proportional with profit because high operating costs during the COVID-19 pandemic.