Analysis of the Financial Performance of PT Bali Bintang Sejahtera Tbk Before and After the IPO (Initial Public Offering) for the 2017-2022 Period

Refka Aprialda Fauzian*, Nenden Kostini, Nurul Mardhiah Sitio

Abstract


This research aims to analyze the differences in financial performance of PT Bali Bintang Sejahtera Tbk at the time before and after the Initial Public Offering in 2017 to 2022. The sample of this study is the financial statement data of PT Bali Bintang Sejahtera Tbk from before and after the company conducted an Initial Public Offering (2017-2022). The research method used in testing differences before and after the company conducted an Initial Public Offering is the Paired Sample t-Test and Wilcoxon Sign Test test methods. Then to determine the increase or decrease in the company's financial performance, the average financial ratio test method is used.  The results of this study indicate a significant difference in three of the four financial ratios used. The three financial ratios that experienced significant differences after the company conducted an Initial Public Offering included debt to equity ratio, net profit margin, and total assets turnover.  Debt to equity ratio and net profit margin increased after the company did an Initial Public Offering, while the total assets turnover ratio decreased. Then only one financial ratio does not experience a significant difference after the company does an Initial Public Offering, namely the current ratio. But the ratio increased after the company did the Initial Public Offering

Keywords


Initial Public Offering; Financial Performance; Financial Ratios; Financial Statement

Full Text:

PDF

References


Andriani, J. (2023). Pengaruh Faktor Internal Dan Eksternal Terhadap Keputusan Perusahaan untuk Melakukan Initial Public Offering (IPO): Studi Empiris Pada Perusahaan Start-Up di Indonesia. Jurnal Ekonomika Dan Bisnis (JEBS), 3(1), 158–166. https://doi.org/10.47233/jebs.v3i1.592

Ardiansyah, Risnita, & Jailani, S. M. (2023). Teknik Pengumpulan Data Dan Instrumen Penelitian Ilmiah. http://ejournal.yayasanpendidikandzurriyatulquran.id/index.php/ihsan

Arfandi, & Taqwa, S. (2018). Analisis Kinerja Keuangan Sebelum dan Sesudah Initial Public Offering (IPO) Pada Perusahaan Non Keuangan di Bursa Efek Indonesia Arfandi.

Beritainbola. (2023). Sepak Bola Modern: Transformasi dari Olahraga ke Bisnis

Global. https://beritainbola.com/sepak-bola-modern-transformasi-dari-olahraga-ke-bisnis-global/

Cepi Pahlevi, V. A. (2022). KINERJA KEUANGAN DALAM PENDEKATAN MODAL INTELEKTUAL KAPITAL DAN STRUKTUR MODAL. Pascal Books. https://books.google.co.id/books?id=Q6aBEAAAQBAJ

Cynthia, E. P., & Ismanto, E. (2018). Metode Decision Tree Algoritma C.45 Dalam Mengklasifikasi Data Penjualan Bisnis Gerai Makanan Cepat Saji. Jurasik (Jurnal Riset Sistem Informasi Dan Teknik Informatika), 3, 1. https://doi.org/10.30645/jurasik.v3i0.60

Databoks. (2022). Survei Ipsos: Indonesia Punya Penggemar SepakBola Terbesar di Dunia. https://databoks.katadata.co.id/datapublish/2022/12/08/survei-ipsos-indonesia-punya-penggemar-sepak-bola-terbesar-di-dunia

Dwisono, R., Kostini, N., & Rasmini, M. (2021). Organum: Jurnal Saintifik Manajemen dan Akuntansi. https://doi.org/10.35138/organu

Efendi, S. (2021). Kinerja Keuangan Sebelum dan Sesudah IPO: Studi Kasus pada PT. Garuda Indonesia (Persero). Jurnal Visioner & Strategis, 10(1). www.idx.co.id

Hantono. (2018). Konsep Analisa Laporan Keuangan dengan Pendekatan Rasio dan SPSS. Deepublish. https://books.google.co.id/books?id=AiRtDwAAQBAJ

Sitio, N. (2024). THE IMPACT OF NON PERFORMING LOAN, LOAN TO DEPOSIT RATIO, AND OPERATIONAL EFFICIENCY RATIO ON RETURN ON ASSET. Jurnal Manajemen, 14(1), 16-32.




DOI: https://doi.org/10.24815/jr.v7i3.40551

Article Metrics

Abstract view : 0 times
PDF - 0 times

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Riwayat: Educational of History and Humanities indexed by

sinta_logodoaj_logoDimensions_logoCROSSREF_logoROAD_logoPKP_Index_logoGoogle_Scholar_logogaruda_logoonesearch_logoBASE_logoWordcat_logo

___________________________________________________________
Riwayat: Educational of History and Humanities

E-ISSN 2775-5037
P-ISSN 2614-3917

Published by History Education Department, Faculty of Teacher Training and Education, Universitas Syiah Kuala, Province Aceh. Indonesia
W :https://jurnal.usk.ac.id/riwayat
E : riwayat@usk.ac.id

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.