Abstract
The financing industry in Indonesia faces significant challenges due to the Covid-19 pandemic. The amount of financing channeled to the public and debtors’ ability to pay decreases. The purpose of this study is to analyze the impact of Covid-19 on the financial performance of finance companies by analyzing financial ratios, namely the Financing to Deposit Ratio (FDR), NPF (NonPerforming Financing (NPF) Return on Assets (ROA) and Return on Equity (ROE). This study applies a quantitative approach because the data collected are numbers. The data used are secondary data in the form of finance company statistics published by the Financial Services Authority (OJK), within the period of 9 months before (June 2019 - February 2020) and 9 months after (April 2020 - December 2020) the announcement of the first Covid-19 case in Indonesia on March 2nd, 2020. The test is conducted using th Paired Sample T-Test. The results of the data processing display that there are differences in the financial performance of finance companies in Indonesia before and after the Covid-19 which can be seen from the results of the Table of Paired Sample T-Test for the ratio of FDR, NPF, ROA, and ROE. Keywords : Financial performance, FDR, NPF, ROA, ROE
Highlights
Industri pembiayaan di Indonesia menghadapi tantangan yang cukup signifikan akibat pandemi Covid-19
The purpose of this study is to analyze the impact of Covid-19 on the financial performance of finance companies by analyzing financial ratios, namely the Financing to Deposit Ratio (FDR), NPF (Non Performing Financing (NPF) Return on Assets (ROA) and Return on Equity (ROE)
This study applies a quantitative approach because the data collectedare numbers
Summary
Persaingan antar dunia usaha semakin kompetitif dan dinamis. Keberlanjutan perusahaan sangat tergantung pada pengelolaan sumber daya dan kondisi lingkungan dunia usaha. Pada masa pandemi covid 19 tantangan yang dihadapi industri pembiayaan yaitu menjaga arus kas dan meningkatnya rasio Non Performing Financing (NPF). Meningkatnya rasio non performing financing (NPF), menurunnya jumlah penyaluran pembiaayan dan laba akan mempengaruhi kinerja keuangan.Kinerja keuangan adalah keputusan yang dibuat secara terus-menerus oleh pihak manajemen perusahaan untuk mencapai suatu tujuan tertentu secara efektif dan efisien (Munawir, 2010). Banyak hal yang menjadi tolak ukur kinerja suatu perusahaan pembiayaan, contohnya kemampuan perusahaan dalam menghasilkan laba (Profitabilitas), kemampuan mengendalikan pinjaman bermasalah (NPF) dan kemampuan menyalurkan dana ke pihak ketiga untuk pembiayaan (FDR). Industri pembiayaan berusaha menjaga dan meningkatkan kinerja keuangannya walaupun kredit bermasalah yang tercermin dalam rasio NPL netto cenderung meningkat, laba dan penyaluran pembiayaan dana pihak ketiga (DPK) cenderung menurun
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