International Journal For Multidisciplinary Research
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Volume 6 Issue 1
Comparative Analysis of the Financial Performance of State-Owned and Private Construction Companies in Indonesia Due to the COVID-19 Disaster
|Saocy Vidya Tiffany, Aditya Dharmawan, Dwinanda Fadhlan
|In a competitive business era, company performance is a crucial factor that affects the sustainability and growth of an organization. There are various methods in measuring the performance of a company. One of them is by conducting a comparative analysis of financial statements to provide an overview and evaluate the financial conditions that occur in a particular year and predict future financial conditions. In 2020, the COVID-19 situation has a major impact on companies engaged in the infrastructure sector, including (Badan Usaha Milik Negara) BUMN in the field of building and construction and private construction companies. The purpose of this study is to determine the performance of construction companies in Indonesia, both private and state-owned enterprises with large business qualifications due to the COVID-19 disaster. The study was conducted based on the financial statements of each of these companies. Based on the results of the analysis and discussion, it can be concluded that the performance of BUMN and private construction companies is still feeling the impact of COVID-19. The performance of private construction companies in 2021 has the ability to pay long-term debt, generate profits, manage capital to run the company's operations better, while BUMN construction companies have the ability to pay short-term debt, as well as manage receivables, inventory and assets.
|BUMN, Financial Performance, COVID-19, Construction
|Physics > Civil Engineering
|Volume 6, Issue 1, January-February 2024
|Comparative Analysis of the Financial Performance of State-Owned and Private Construction Companies in Indonesia Due to the COVID-19 Disaster - Saocy Vidya Tiffany, Aditya Dharmawan, Dwinanda Fadhlan - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.12804
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