The Impact of Covid-19 on Financial Performance and Share Price on Cigarette Companies Listed on Indonesia Stock Exchange (IDX)
Abstract
This study aims to determine and analyze differences in financial performance and stock prices before and after Covid-19 in
cigarette companies. Financial performance in this study is measured using three ratios namely Return on Asset (ROA), Operating
Profit Margin (OPM) and Net Profit Margin (NPM). The data used in this study is secondary data from the type of financial
statements of Cigarette Companies from the Indonesia Stock Exchange (IDX) website and the official website of cigarette
companies, and the sampling method used is sampling census because the samples used in this study are the financial statements of
the entire population of Cigarette Companies registered with the IDX in the third quarter of 2019 to the fourth quarter of 2020. The
analysis method in this study is the wilcoxon test using SPSS 26. Based on the results of research obtained show Return on Assets
(ROA), Operating Profit Margin (OPM) and stock price showed no significant differences before and after Covid-19. Net Profit
Margin (NPM) shows significant differences before and after Covid-19. To find out and analyze the state of cigarette companies in
the Covid-19 pandemic and also as a consideration for investors and business people in policy making
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