Analysis of Financial Ratios to Evaluate the Financial Performance of PT. Mandom Indonesia Tbk Before, During, and After the Covid-19 Pandemic

Shelly Brilliant (), Istajib Kulla Himmy Azz (), Titin Suhartini (), Muhammad Zacky Syauqy Ibnu Shodiq () and Stephanie Dwi Wahyuning Tyas ()

International Journal of Innovative Science and Research Technology (IJISRT), 2025, vol. 10, issue 07, 3706-3714

Abstract: The financial performance of a company can be assessed through financial ratio analysis. The Covid-19 pandemic has had an impact on all corporate sectors in Indonesia, including companies engaged in the cosmetics industry. The purpose of this study is to find out how the financial performance of PT. Mandom Indonesia, Tbk before, during, and after the Covid19 pandemic was reviewed using financial ratios. This study is a mixed study using sequential explanatory design. The data used in this study includes quantitative data in the form of financial statements of PT. Mandom Indonesia, Tbk then continued with qualitative data in the form of annual reports of PT. Mandom Indonesia, Tbk which was collected through documentation studies and literature studies. The analysis method used in this study is a descriptive statistical method using the calculation of financial ratios, namely liquidity ratios consisting of current ratios and quick ratios, solvency ratios consisting of debt to asset ratio and debt to equity ratios, activity ratios consisting of inventory turnover and receivable turnover and profitability ratio consisting of net profit margin and return on assets. Based on the results of research analysis before the Covid-19 pandemic, the financial performance of PT. Mandom Indonesia, Tbk was reviewed using the liquidity ratio and solvency ratio in good condition, while the activity ratio and profitability ratio were reviewed in poor condition. Financial performance during the Covid-19 period was reviewed using the liquidity ratio and solvency ratio in good condition, while the activity ratio and profitability ratio were in poor condition. Financial performance after the Covid-19 pandemic was reviewed using liquidity ratios and solvency ratios in good condition, while activities ratios and profitability ratios were in poor conditions.

Keywords: Financial Performance; Financial Ratio Analysis; Covid-19 Pandemic. (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cvr:ijisrt:2025:07:ijisrt25jul1793

DOI: 10.38124/ijisrt/25jul1793

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