Comprative Analysis of Profitability Before and During The New Normal During Covid-19

Abstract

The pandemic caused by the corona virus or what is often referred to as Covid-19 has a very big impact on Indonesia and even the whole world. Various aspects were affected including trade. The drastic decline in business profits caused by Covid-19 is not even a few businesses that have gone out of business. One of the affected businesses is PT OSATEX 2. This study aims to determine the difference in profitability in PT OSATEX 2 Company before and during the New Normal during the Covid-19 period. This research uses quantitative and qualitative types of research with the calculation of profitability ratios. The profitability ratios used are Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM) and Gross Profit Margin (GPM). The data collection technique in this study is directly by analyzing the financial statements of the PT OSATEX 2 company during the period March 2020 – December 2021. The data analysis methods used are the Wilcoxon Non Parametik test and the Paired sample t-test with the help of Microsoft Office Excel 2019 and IBM SPSS. The result of the study was that there were differences in the value of Return on Assets (ROA) before and during the New Normal during the Covid-19 period, although there was no difference in the value of Return on Equity (ROE), Net Profit Margin (NPM) and Gross Profit Margin (GPM) before and during the New Normal during the Covid-19 period. There is a decrease in the ROA and ROE value indicating that the company PT OSATEX 2 has experienced negative developments while for NPM and GPM the company PT OSATEX 2 has increased, indicating that the company is experiencing positive developments with the New Normal situation.