Comparison Of Financial Performance Research Articles

Comparative Financial Performance Analysis of BIST-500 Listed Insurance Companies Using TOPSIS, VIKOR and MOORA Methods

The study analysed the financial data of 8 insurance companies traded in the BIST-500 insurance index for 2013-2022 using TOPSIS, VIKOR, and MOORA methods with 18 criteria. The study aims to guide decision-makers and investors by revealing the financial status of insurance sector companies. As a result of the analysis, the financial performance rankings of the companies showed differences according to the three methods. According to the financial performance ranking made by TOPSIS, VIKOR, and MOORA methods, the results show differences when the leverage ratio is evaluated at maximum. The results are similar when the leverage ratio is assessed as a minimum. No company achieved the best and worst performance rankings in the periods evaluated.

Dinamika Kinerja Keuangan Perusahaan di Sektor Kesehatan, Keuangan, dan Teknologi

This study explores the financial performance comparison of three major service sectors: healthcare, finance, and technology, with a focus on liquidity, solvency, activity, and profitability. Using data from 2021 and 2022, the study aims to provide in-depth insights into the financial strengths and weaknesses of each sector during the Covid-19 pandemic period. The analysis involves comparing the financial ratios of selected companies within each sector to industry averages to identify trends, differences, and potential issues. The results show that the healthcare sector has the highest liquidity, solvency, and profitability among the three sectors. The finance sector demonstrates the highest operational efficiency compared to the other two sectors but has the lowest liquidity, solvency, and profitability. The technology sector shows adequate liquidity, solvency, and profitability but lacks efficiency in its operations. Future strategies for the healthcare sector should include diversifying investments, optimizing operations, and enhancing customer service. For the finance sector, strategies should focus on improving liquidity and solvency, innovating in products and services to boost profitability. The technology sector should invest in automation, human resource development, and maintain a strong focus on innovation.

Analisis Perbandingan Kinerja Keuangan BPR Sebelum dan Sesudah Pengumuman Covid-19 (Studi Kasus pada PT. BPR LPN Talawi Sakato)

This study aims to analyze the comparison of BPR financial performance at PT. BPR LPN Talawi Sakato before and after the announcement of Covid-19. By using financial ratios, the study time frame is from Quarters I to IV in 2018 to 2022. The financial ratios used include QR, LDR, ROE, CAR, PR, and BOPO. The data used in this study were obtained from the financial statements of PT. BPR LPN Talawi Sakato 2018-2022. The analysis technique used to see a comparison of the financial performance of PT. BPR LPN Talawi Sakato is the Independent sample t-test method. The results showed that there were significant differences for each of the financial ratios at PT.BPR LPN Talawi Sakato. Significant differences before and after the announcement of Covid-19 were found in the ratios of LDR, PR and CAR.

Comparative Financial Performance Analysis of Neo Banks and Conventional Banks in India (2019-2023): An Empirical Study

Aim: This study will compare India's Neo Banking and Conventional Banking systems, focusing on their financial performance indicators from 2019 to 2023. The objective is to understand the differences in economic performance between these two banking systems and identify factors contributing to their net income. Methodology: The study adopts a quantitative research approach with a descriptive research design. It utilises secondary data from the Prowess Database and audited financial reports of Neo and Conventional banks registered with the Reserve Bank of India (RBI). Panel regression analysis is employed to analyse the data, considering both Fixed Effects (FE) and Random Effects (RE) models to assess the impact of various financial indicators on net income. Results: The study reveals significant differences in financial performance, using Fixed Effects (FE) and Random Effects (RE) models for panel regression analysis. Return on Assets (ROA) positively impacts net income, highlighting efficient asset utilization's importance, while Net Profit Margin (NPM) negatively impacts net income, indicating potential inefficiencies. The Asset Turnover Ratio positively affects net income, emphasizing operational efficiency. Gross Profit Margin (GPM) and Gross Profit show varying impacts, with the FE model preferred for reliability. The results suggest Neo Banks, despite operational efficiency and innovation, struggle with profitability, whereas Conventional Banks, though more stable, need operational improvements and digital adoption. This study highlights the dynamic Indian banking sector and the need for both banking models to adapt to a balanced financial ecosystem. Further research is recommended to explore specific operational dynamics and market influences. Conclusion: The analysis reveals that while Neo Banks offer operational efficiency and innovative services, they face challenges in maintaining profitability. Conversely, Conventional Banks, while demonstrating stability, need to enhance operational efficiency and embrace digital innovation to remain competitive. The study underscores the evolving banking sector in India and the necessity for both Neo and Conventional Banks to adapt to technological advancements and changing consumer preferences. Emphasizing the importance of efficient asset utilization and operational performance, the findings suggest that a balanced approach integrating innovation and stability is crucial for a sustainable financial ecosystem. Further research should delve into specific operational aspects and market dynamics to deepen the understanding of these trends.

FINANCIAL PERFORMANCE ANALYSIS OF PT. INDORITEL MAKMUR INTERNATIONAL TBK, ON THE INDONESIAN STOCK EXCHANGE Ismah1), Muryani Arsal 2) Nasrullah3)

The aim of this research is to determine the comparison of financial performance as measured through financial ratio analysis, which consists of: Liquidity Ratios With Indicators Current Ratio, Cash Ratio,Working Capital To Asstes, Solvency Ratios With Indicators Debt Ratio,Debt Ratio, Debt To Equity Ratio, Activity Ratios With Indicators Total Asset Turnover, Receivable Turnover, Working Capital Turnover, And Profitability Ratios With Profit Indicators, Margin. Return On Investment, Return On Equity. The objek of research is PT. Indoritel Makmur Internasional Tbk. The type of research carried out is quantitative. The results of this research show the financial performance of PT. Indoritel Makmur Internasional, Tbk on the indonesia stock exchange 2019-2023. The liquidity value decreases, the solvency ratio value decreases, the activity ratio decreases, the profitability ratio is constant. The results of this research can be used by PT. Indoritel Makmur Internasional, Tbk to evaluate financial performance, espacially those experiencing decline.

ANALISIS KOMPARASI KINERJA KEUANGAN PEMERINTAH DAERAH DENGAN OPINI WAJAR TANPA PENGECUALIAN DAN OPINI WAJAR DENGAN PENGECUALIAN DI PROVINSI SULAWESI TENGGARA

This research is entitled Comparative Analysis of the financial performance of local governments with unqualified opinion and qualified opinion in Southeast Sulawesi Province. The aim is to find out the Comparative Financial Performance of local governments with unqualified opinion and fair opinion with exceptions in Southeast Sulawesi Province. The method of analysis is to use a comparative descriptive method, namely describing the financial performance of local governments that obtain WTP Opinions and WDP Opinions and using financial ratios. The results showed that the Independence Ratio obtained the Unqualified Opinion and the WDP Opinion were still low or instructive, the Effectiveness Ratio obtained the Unqualified Opinion and the WDP Opinion were each very effective, the Efficiency Ratio obtained the Unqualified Opinion was less efficient, while obtaining the WDP Opinion was quite efficient, the Compatibility Ratio obtained the Unqualified Opinion and the WDP Opinion each prioritized operating expenditure over capital expenditure; and the Growth Ratio of Regional Original Revenue (PAD) obtained the Unqualified Opinion and the WDP Opinion each still experiencing a fluctuating growth trend

Comparison Analysis of Financial Performance and Financial Distress before and during the Covid-19 Pandemic

The purpose study was to analyze a comparison of financial performance and financial distress before and during the Covid-19 pandemic in the Hotel, Restaurant, and Tourism sub-sector companies listed on the Indonesia Stock Exchange for the 2018-2021 period. In this study, a comparative descriptive method was used with a quantitative approach to test the impact of Covid-19 on financial performance and financial distress. The final sample of this study was 19 companies based on the elimination of the criteria that were only needed in this study. The proxies used to measure financial performance are profitability ratios (ROA, ROE, and NPM), while financial distress uses the Altman Z-Score model. Furthermore, these ratios were tested with a different test using the Wilcoxon sign rank test. The results showed that there were significant differences in the ratios of financial performance which included ROA, ROE, and NPM. Meanwhile, financial distress (Z-Score) also experienced significant differences between before and during the Covid-19 pandemic.

Analisis Perbandingan Kinerja Keuangan Sebelum dan Sesudah Merger dan Akuisisi Pada Perusahaan Non Keuangan Yang Terdaftar di BEI Periode 2017-2021

This study aims to analyze the comparison of financial performance before and after mergers and acquisitions in non-financial companies listed on the IDX in the period of 2017-2021. This research is a comparative research with quantitative data. The data used is in the form of financial statements of non-financial companies 1 year before and 1 year after mergers and acquisitions. Samples were taken using purposive sampling technique. In this study, the sample amounted to 33 companies out of 73 companies, therefor the research data analyzed in this study amounted to 66 observations. The data analysis method used is descriptive test, normality test, and hypothesis testing using the non-parametric wilcoxon signed rank test. The results of this study indicate that the liquidity ratio has decreased but not significantly which indicates that there is no significant difference before and after mergers and acquisitions. While the profitability, leverage, and activity ratios experienced an increase but were not significant which showed no significant difference before and after the merger and acquisition

ANALYSIS OF FINANCIAL PERFORMANCE OF BPD DIY AND BANK BJB FOR THE 2017-2022

This research aims to determine the comparison of financial performance between BPD DIY and Bank BJB (formerly: BPD Jabar) in the 2019-2022 period. This study used quantitative methods. Quantitative methods are applied to analyze financial ratios where data are presented in numerical form. From the results of the ROA calculation, it is known that BPD DIY banks operate much more efficiently than BPD BJB bank’s because the ROA value obtained is greater so that the bank's ability to generate profits is better. From the LDR calculation, it is known that BJB BPD bank has sufficient liquidity but may have lower income, while DIY BPD does not have enough liquidity to cover customer obligation. From the results of the CAR calculation, it can be seen that both banks have good financial system stability against possible risk of loss, with a minimum guarantee limit of 8%. This research is expected to be a reference for consideration to analyze the comparison of BPD DIY and Bank BJB and other banks in the future.

COMPARATIVE ANALYSIS OF FINANCIAL PERFORMANCE OF SPECIAL HAJJ TRIPS, TRIPS UMRAH AND HALAL TRAVEL TOUR AT PT BIOTA WISATA TOUR & TRAVEL PERIOD 2018-2022

This research aims to examine the comparison of financial performance between Special Hajj, Umrah and Halal Tour trips at PT Biota Wisata Tour & Travel for the 2018-2022 period. The variables used to compare financial performance are Current Ratio (CR), Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), Long Term Debt to Equity Ratio (LDR), Net Profit Margin (NPM), Operating Profit Margin (OPM), Return On Equity Ratio (ROE), and Total Asset Return Over (TATO). This type of research is comparative research and the research sample is in the form of financial reports from 3 travel activities, namely Special Hajj, Umrah and Halal Tour. The sample was selected based on travel business activities at PT Biota Wisata Tour & Travel. The analytical method used is analysis of liquidity, solvency, profitability and activity ratios and a two-average difference test (Independent Sample test). The results of research using the difference between two means test show that there is no significant difference in financial ratios consisting of CR, DAR, DER, LDR and ROE between Special Hajj, Umrah and Halal Tour trips at PT Biota Wisata Tour & Travel during the research period. Meanwhile, NPM, OPM and TATO have significant differences between the three in the research period. Overall, the financial performance of Halal Tour trips is better than Special Hajj and Umrah trips at PT Biota Wisata Tour & Travel in the research period.

Analisis Perbandingan Kinerja Keuangan Perbankan Syariah Yang Melantai di Bursa Efek Indonesia : Studi Kasus Perbandingan Kinerja Keuangan Bank Syariah Indonesia dan Bank BTPN Syariah

"The Islamic banking industry in Indonesia has experienced rapid growth in recent years. Bank Syariah Indonesia (BSI) and Bank BTPN Syariah are two leading Islamic banks in Indonesia. However, in the post-pandemic era, there has been limited research comparing the financial performance of these two banks. Therefore, this research aims to analyze the financial performance comparison of Islamic banking institutions that have publicly listed their shares on the Indonesia Stock Exchange, namely Bank Syariah Indonesia and Bank BTPN Syariah. The objective of this research is to compare the financial performance between Bank Syariah Indonesia and Bank BTPN Syariah and provide recommendations for investors interested in investing in the Islamic banking sector. This research uses a descriptive-comparative method with a quantitative approach. The data used is secondary data obtained from the financial reports of both banks for the last two years (2021-2022). The measured variables include return on equity (ROE), return on assets (ROA), and price-to-earnings ratio (PER). The data obtained is analyzed using statistical analysis techniques such as t-tests, F-tests, and regression analysis."

COMPARATIVE ANALYSIS OF FINANCIAL PERFORMANCE BASED ON LIQUIDITY RATIO AND PROFITABILITY RATIO

This study aims to analyze the comparison of financial performance based on liquidity and profitability ratios. This research uses the Quantitative Descriptive method, namely by collecting, processing, analyzing and presenting data descriptively with samples of financial statements of PT. Indofood Sukses Makmur, Tbk (INDF) and PT. Mayora, Tbk (MYOR) in 2021-2022. From the analysis we have done, INDF and MYOR have no difficulty in paying off their short-term debt obligations. Profitability ratio of PT. Indofood Sukses Makmur, Tbk in 2020 to 2021 decreased and PT Mayora, Tbk in 2020 to 2021 increased, and in the calculation of ROA and ROE at PT. Indofood Sukses Makmur, Tbk showed a decrease in 2021–2022 while PT Mayora, Tbk experienced an increase. This means that there is an increase in management performance of PT Mayora, Tbk but there needs to be an increase in management performance at PT Indofood Sukses Makmur Tbk.

LIQUIDITY, PROFITABILITY, AND SOLVENCY: COMPARATIVE ANALYSIS OF FINANCIAL PERFORMANCE

This study aims to analyze the comparison of financial performance of PT Timah Tbk with PT Golden Energy Mines Tbk in terms of liquidity, profitability and solvency ratios. This type of research data is secondary data. Data collection techniques with literature and documentation. Data analysis used in liquidity ratio analysis consists of Current Ratio (CR), and Quick Ratio (QR), profitability consisting of Return on Asset (ROA) and Return On Equity (ROE), and solvency ratios namely Total Debt To Equity Ratio and Total Debt To Total Asset Ratio. The results showed that PT Timah has more ability to pay its short-term debt, more ability to pay its short-term debt that has been reduced by inventory when compared to PT Golden Energy Mines Tbk. PT Golden Energy Mines Tbk has more ability to obtain net profit after tax from total assets, more ability to obtain net profit after tax from total equity when compared to PT Timah Tbk. PT Timah Tbk has a lower level of debt risk and a lower level of debt risk when compared to PT Golden Energy Mines Tbk.

An Alternative Sensitivity Analysis for the Evaluation of MCDA Applications: The Significance of Brand Value in the Comparative Financial Performance Analysis of BIST High-End Companies

Multi-criteria decision analysis (MCDA) applications consist of techniques that enable the decision maker to make clearer decisions in scenarios where there is more than one alternative and criterion. The general approach for sensitivity analysis in MCDA applications implies sensitivity to the weight coefficient. In this study, as an alternative approach, we reinterpret sensitivity by using the statistical relationship between the final ranking produced by an MCDA method and a constant external factor. Thus, we both verify through an anchor and reveal to what extent the change in the weight coefficient changes the external relations of MCDA. The motivation for this study is to propose an alternative sensitivity methodology. On the other hand, brand value is a parameter that contains critical information about the future of the company, which has not integrated into financial performance studies made with MCDAs before. To that end, the financial performance of 31 companies with the highest brand value in Turkey and trading on Borsa Istanbul between 2013 and 2022 was analyzed with seven different MCDA applications via integrating brand value into the criteria for the first time. The study’s findings revealed that the proposed innovative sensitivity tests produced similarly robust results as traditional tests. In addition, brand value has been proved to be an advantageous criterion to be implemented into MCDAs for financial performance problems through the sensitivity analysis made.

COMPARATIVE ANALYSIS OF THE FINANCIAL PERFORMANCE OF THE GOVERNMENTS OF THE CITY OF BEKASI AND THE CITY OF SURABAYA BEFORE AND AFTER COVID-19

The aim of this research is to analyze the comparative financial performance of two institutions government in the four main financial years, namely 2019, 2020, 2021 and 2022. This analysis is to understand how the pandemic has impacted several aspects of financial performance, such as income, budget expenditure, deficit, etc. This study uses a descriptive quantitative method by observing a number of financial ratios, including the independence ratio, effectiveness and efficiency ratio, activity ratio and growth ratio. Bekasi City's financial performance is more stable after the pandemic with a maintained surplus and an optimal ratio of independence, effectiveness and shopping activities. While Surabaya is very independent and fantastic in terms of income & expenditure, its spending activity ratio is inferior to Bekasi and experiences large deficits every year. Therefore, this research has an important objective to identify significant changes in the APBD of these two cities before and after the COVID-19 Pandemic, as well as to explore the factors that contributed to these changes, so that they can make a positive contribution in maintaining regional financial stability and supporting efforts for sustainable economic recovery.

Comparative Analysis Of Financial Performance Of Bank Bpd Diy And Bank Jateng For The 2019-2022 Period

This research aims to determine the comparison of financial performance between BPD DIY and Bank Jateng (formerly: BPD Jateng) in the 2019-2022 period. Research Method – This study uses descriptive analysis, this study uses financial ratio analysis tools, normality test, independent Sample T-test if the data is normally distributed, and Mann Whitney test if the data is not normally distributed. Findings - The conclusion of the research and discussion above, it can be said that Bank BPD DIY and Bank Jateng show significantly different financial performance as shown by the CAR ratio, while the ratio of NIM, ROA, NPL, and BOPO has no significant difference in financial performance. Implication – This research is expected to be a reference for consideration to analyze the comparison of BPD DIY and Bank Jateng and other banks in the future.

Analysis of the Financial Report Performance of the DKI Jakarta Provincial Government for the 2017 – 2021 Fiscal Year (Audited)

Research This study aims to analyze the comparative financial performance of DKI Jakarta Province during the 2017 - 2021 budget year. This study uses descriptive quantitative methods by observing a number of financial ratios including the independence ratio, activity ratio, effectiveness ratio of Regional Original Income (PAD), growth ratio, and ratio efficient use of the budget. The results of the research show that the independence ratio is already participatory with the level of regional capability in the medium category. The activity ratio, based on the activity ratio, the DKI Jakarta Provincial Government prioritizes operating expenditure over capital expenditure. The effectiveness ratio of Regional Original Income (PAD), the financial performance of DKI Jakarta is included in the category effective, which shows that the DKI Jakarta Provincial Government is effective in realizing the source of Regional Original Income (PAD), the growth ratio, from the growth ratio analysis it can be seen that the financial management performance of DKI Jakarta is in the good category, and the efficiency ratio for budget use in 2017 performance was in the efficient category. In 2018-2019 financial performance was inefficient, and in 2020 and 2021 showed less efficient performance. It is hoped that the results of this research will contribute to further research.

Comparative financial performance analysis of commercial banks in India

Commercial banks are financial institutions that perform the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profit. These banks play a key role in the growth and development of an economy. In India, commercial banks are broadly classified into public sector commercial banks, private sector commercial banks, and foreign commercial banks. In the present study, the researchers have made an attempt to examine the financial performance analysis of public sector and private sector commercial banks in India. The study covers the top five public sector commercial banks and the top five private sector commercial banks. The study is based on secondary data extracted from books, journals, financial statements of the banks under study, and other websites. The study period is 5 years—from March 2019 to March 2023. Financial performance and Market capitalization parameters along with key banking ratios were used for the analysis and ajudgmental sampling technique was used for selecting the sample.

Financial performance comparison: BCA Conventional and BCA Sharia period of 2016-2018

Financial performance comparison: BCA Conventional and BCA Sharia period of 2016-2018

Financial Performance Of Islamic Insurance Companies Before And During The Covid-19 Pandemic

This research aims to analyze the comparative financial performance of Islamic insurance companies before and during the Covid-19 pandemic. The financial performance measured refers to the early warning system ratios, which consist of the underwriting, liquidity, own retention, premium stability, and loss ratios. This research is a descriptive quantitative research using the Wilcoxon test. The research population is all Islamic insurance companies registered with the Financial Services Authority (FSA) for 2018-2021. The sample was selected based on purposive sampling so that 48 observation data were obtained. Data comes from financial reports obtained through the official FSA and Company websites. The research results show significant differences in financial performance before and during the pandemic in the liquidity and loss ratio variables. However, there is no significant difference in financial performance before and during the pandemic in the underwriting ratio, own retention ratio, and premium stability ratio variables. This research can complement existing theories and become a reference for companies to evaluate and improve their financial performance, especially after the Covid-19 pandemic.