The Analysis Of Financial Performance and Stock Performance of The Hotel, Restaurant and Tourism Sub-Sectors Listed on The Indonesian Stock Exchange in The Normal Era and The Covid-19 Pandemic Period 2017-2022

Abstract

The spread of the COVID-19 pandemi has slowed economic growth both locally and globally. In uncertain circumstances due to the impact of the COVID-19 pandemi on the economy, investors are worried that the market will become unstable with significant fluctuations in stock prices, which causes investors to hesitate to make investment decisions and increases investment risks. Stocks in the Hotel, Restaurants and Tourism sub-sector have experienced severe pressure due to the COVID-19 pandemi, therefore it is necessary to analyzing financial performances and stock performances before investing. These studies aims to analyzing the financial performances and stock performances of the hotel, restaurants and tourism sub-sector listed on the Indonesia Stock Exchange in the normal era and the Covid-19 pandemi for the 2017-2022 period. Analytical techniques in these studies are descriptive analysis, normality test, difference test, namely Paired Sample t-Test and Wilcoxon Signed Rank Test to determine hypotheses. Base on research, it shows that there is no significant difference in the Current Ratio, Quick Ratio, as well as stock performances, namely Risk and Stock Returns of the hotel, restaurants and tourism sub-sectors before and during the COVID-19 Pandemi. However, there are significant differences in financial performances, namely Debt to Assets Ratio, Debt to Equities Ratio, Returns on Asset, Returns on Equities, Total Assets Turnover, and Fix Assets Turnover on the hotel, restaurants and tourism sub-sectors before and during the COVID-19 Pandemi. The conclusion is that the COVID-19 pandemi has had a significant impact on reducing financial performances, risk and stock return.

Keywords: COVID-19, financial performances, stock performances