Abstract
The purpose of this study was to compare the profitability of companies during the pandemic period with the 2 years pre-pandemic. The population in this study was 27 companies listed on the Indonesia Stock Exchange 2018-2020. The sampling technique was purposive sampling. The sample criteria are (1) Agricultural companies listed on the Indonesia Stock Exchange consecutively for the 2018-2020 period. (2) Agricultural companies listed on the Indonesia Stock Exchange that completely report their financial statements for the first quarter to the third quarter of 2018-2020. The number of samples is 9 agricultural companies. The analysis technique of this research is horizontal comparative analysis and profitability ratio analysis using basic earning power (BEP), Return on equity (ROE), Return on assets (ROA), and profit margin. The results show that COVID-19 has no significant effect on the profitability of agricultural companies, this is evidenced by the conditions of profit and profitability of companies that fluctuate every year. However, it seems that there is one company that has been affected by the pandemic, namely DSFI because the company showed good results in 2018 and 2019. However, in 2020 the company showed not good enough results.
Highlights
The impact of the Coronavirus (Covid-19) outbreak is detrimental to the health side and affects the economies of countries around the world, including Indonesia
There were several companies whose sales were lower than the previous year, namely BISI, BWPT, and GZCO
The companies whose sales were higher than the previous year were only AALI, DSNG, SMAR, and SSMS
Summary
The impact of the Coronavirus (Covid-19) outbreak is detrimental to the health side and affects the economies of countries around the world, including Indonesia. In the second quarter of 2020, economic activity in Indonesia was hampered due to large-scale social restriction policies. In Quarter III, the economic situation in Indonesia began to run smoothly due to the new normal policy after large-scale social restrictions in early June 2020. With the abundance of natural products in Indonesia, it is hoped that the agricultural sector can help maintain Indonesia's economic condition. For this reason, companies in the agricultural sector need to play a major role in maintaining the Indonesian economy by managing natural resources as much as possible. Research purposes The purpose of this study was to compare the profitability ratio of agricultural companies during the COVID-19 pandemic and 2 years before the COVID-19 pandemic
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