ANALYSIS OF FINANCIAL PERFORMANCE OF PHARMACY COMPANIES DURING THE COVID-19 PANDEMIC

  • Marlena Universitas Tulungagung
  • Henny Rakhmawati Universitas Tulungagung
  • Indah Nurjanah Universitas Tulungagung
Keywords: Financial Performance, Profitability Ratios, Covid-19 Pandemic, Pharmacy

Abstract

The COVID-19 pandemic has affected many aspects of life, including company finances. Financial performance analysis is an essential tool in evaluating a company's financial health. In the context of the COVID-19 pandemic, this analysis can provide insight into how thriving companies manage their finances and how well they adapt to current economic challenges. This research aims to analyze the financial performance of pharmaceutical companies during the COVID-19 pandemic using quantitative methods. This research uses financial data from pharmaceutical companies' financial reports for 2019 and 2021. The quantitative method used is profitability financial ratio analysis, namely Net Profit Margin, Return on Assets and Return on Equity. The analysis results show that the financial performance of pharmaceutical companies in 2020 was affected by the COVID-19 pandemic but still showed positive growth. Pharmaceutical companies can optimize financial performance by implementing cost efficiencies and increasing sales of products related to the COVID-19 pandemic. Based on the results of the analysis, it was concluded that using quantitative methods can provide an objective and measurable picture of the financial performance of pharmaceutical companies during the COVID-19 pandemic. In order to optimize the financial performance of pharmaceutical companies during the pandemic, company management needs to continue to pay attention to factors that influence financial performance and take appropriate action to improve declining financial ratios.

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Published
2023-12-30
How to Cite
Marlena, Henny Rakhmawati, & Indah Nurjanah. (2023). ANALYSIS OF FINANCIAL PERFORMANCE OF PHARMACY COMPANIES DURING THE COVID-19 PANDEMIC. INTERNATIONAL SEMINAR, 5, 340-347. https://doi.org/10.36563/proceeding.v5i0.136