Comparative Analysis of the Financial Performance of State-Owned Enterprises in the Agricultural Sector with the Eight Best Companies in the World

Vanya Martiza Cinta Rifdy () and Nora Amelda Rizal
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Vanya Martiza Cinta Rifdy: Telkom University, School of Economics and Business
Nora Amelda Rizal: Telkom University, School of Economics and Business

A chapter in Proceedings of the International Conference on Sustainable Collaboration in Business, Technology, Information, and Innovation (SCBTII 2024), 2024, pp 313-327 from Springer

Abstract: Abstract The agricultural sector is important in supporting a country’s food security. Several companies, either under the auspices of the private sector or the government, participate in maintaining food security. In Indonesia, SOEs in the agricultural sector have a strategic role in supporting national development. Regarding funding, companies can be assisted by the government or through alternative investments through the capital market. This study aims to compare the financial performance of agricultural SOEs in Indonesia with the eight best agricultural companies in the world during the period 2018-2022. This study uses the Wilcoxon Signed-Rank Test. Financial data is obtained from the website of each company, namely the SOE (State-Owned Enterprises) in the agricultural sector and the eight best agricultural companies in the world. The results showed that the ratios owned by each company changed due to internal and external factors. The ratios that have significant differences are liquidity (CR), activity (ITO, RTO), and profitability (ROE). In addition, there are liquidity (QR), activity (TATO), and profitability (ROA) ratios that have significant differences. These findings provide insights for stakeholders to understand the dynamics of the agricultural sector’s financial performance and a strategic basis for making future investment decisions.

Keywords: Agricultural Sector; Capital Market; Financial Ratio; State-Owned Enterprises (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-558-4_18

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