ANALISIS PERPUTARAN AKTIVA DAN MODAL KERJA PADA SEKTOR FARMASI SEBELUM DAN SAAT PANDEMI COVID-19 MENGGUNAKAN RASIO AKTIVITAS

Abstract

This study aims to determine and analyze whether asset turnover and working capital turnover in the pharmaceutical sector have increased during the pandemic compared to before the Covid-19 pandemic.

The analytical tool used is the total asset turnover ratio and the working capital turnover ratio, which will then be compared whether there is an increase or decrease in each ratio.

The results showed that there was an increase in the total asset turnover ratio of pharmaceutical sector companies on the Indonesia Stock Exchange during the Covid-19 pandemic compared to before the Covid-19 pandemic. The current pandemic condition requires people to pay more attention to their health aspects, so that the demand for pharmaceutical products is higher than before the Covid-19 pandemic. The pharmaceutical sector in general is more efficient in the use of overall assets in generating sales during the Covid-19 pandemic so that it can contribute to the company's operational activities in order to increase company revenues. There was an increase in the working capital turnover ratio during the Covid-19 pandemic compared to before the Covid-19 pandemic, which indicates that the pharmaceutical sector experienced a positive financial impact during the Covid-19 pandemic, in the sense that the pandemic conditions that occur require the public to pay more attention to health aspects, so that the demand for medical-related products is higher than before the Covid-19 pandemic. The pharmaceutical sector in general is able to manage its working capital during the Covid-19 pandemic so that it can contribute to the company's operational activities in order to increase sales and company revenue