ANALISIS DAMPAK COVID-19 TERHADAP KINERJA KEUANGAN PERUSAHAAN PETROKIMIA (STUDI KASUS DI PT. CHANDRA ASRI PACIFIC).

The Covid-19 pandemic, which has swept rapidly across the globe, compelled governments worldwide to implement social restrictions and regional lockdowns to curb the escalating spread of the virus. These measures have significantly impacted various industries, including the petrochemical sector. Since the beginning of 2020, petrochemical and chemical companies have experienced a substantial decline in their stock values. Additionally, these companies have faced supply and demand constraints due to the Covid-19 pandemic. The global reduction in oil refinery production has led to a decreased supply of raw materials (LPG, naphtha, etc.) for the petrochemical industry, prompting producers to consider adjusting their production volumes. As the largest petrochemical industry in Indonesia, PT. Chandra Asri Pacific Tbk. has undoubtedly felt the domino effects of the Covid-19 pandemic. Previous research has not specifically focused on the petrochemical industry located in Cilegon; hence, this study aims to fill that scholarly gap. The research seeks to calculate and understand the impact of the Covid-19 pandemic on the financial performance of petrochemical companies through liquidity ratios, solvency ratios, and profitability ratios. The pandemic has influenced the financial performance of the petrochemical industry, with liquidity ratios, including current ratio, quick ratio, and cash ratio, experiencing a significant increase. Solvency ratios, comprising debt to asset ratio and debt to equity ratio, show a relatively insignificant decrease. Lastly, profitability ratios, including net profit margin, return on assets, and return on equity, demonstrate a significant decline. [ABSTRACT FROM AUTHOR]

Pandemi Covid-19 yang melanda dan menyebar dengan cepat ke seluruh dunia memaksa pemerintah di seluruh dunia untuk melakukan pembatasan sosial dan penguncian wilayah untuk mencegah peningkatan penyebaran virus Covid-19. Pembatasan sosial dan penguncian wilayah menyebabkan dampak yang signifikan terhadap aktivitas industri, salah satunya adalah industri petrokimia. Sejak awal tahun 2020, perusahaan petrokimia dan kimia telah mengalami penurunan signifikan pada nilai saham mereka. Selain itu perusahaan petrokimia mengalami kendala pasokan dan permintaan akibat pandemi Covid-19. Penurunan produksi kilang minyak di seluruh dunia mengakibatkan berkurangnya bahan baku (LPG, naphtha, dll.) untuk industri petrokimia, sehingga produsen petrokimia mempertimbangkan untuk menyesuaikan volume produksinya. Sebagai industri petrokimia terbesar di Indonesia, PT. Chandra Asri Pacific Tbk. tentu mengalami efek domino dari hadirnya pandemi Covid-19. Penelitian sebelumnya tidak fokus dalam industri petrokimia yang berlokasi di Cilegon sehingga penelitian ini hadir untuk mengisi ruang kekosongan keilmuan tersebut. Penelitian ini bertujuan untuk menghitung dan mengetahui dampak pandemi Covid-19 terhadap kinerja keuangan perusahaan petrokimia mealui rasio likuiditas, rasio solvabilitas dan rasio profitabilitas perusahaan. Pandemi Covid-19 memberikan pengaruh terhadap kinerja keuangan petrokimia di mana rasio likuiditas yang terdiri atas current ratio, quick ratio dan cash ratio mengalami peningkatan signifikan, pada rasio solvabilitas yang terdiri atas debt to asset ratio dan debt to equity ratio yang mana memberikan pengaruh penurunan tidak signifikan dan yang terakhir pada rasio profitabilitas yang terdiri dari net profit margin, return on asset dan return on equity yang mana memberikan pengaruh penurunan signifikan. [ABSTRACT FROM AUTHOR]

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