Article
Financial Management

Analysis Financial Performance of Pt. Unilever Indonesia Tbk Before and After Economy Crisis 2017 – 2022

Date: 07/07/2023
Author: Oktafia HARINI, Wiwiek Mardawiyah DARYANTO
Contributor: eb™ Research Team

For the last three years, almost every country on the earth has been affected by the COVID-19 pandemic, which is incredibly contagious. As a result, several countries are experiencing economic crises. In practically every country, including Indonesia, the coronavirus pandemic affected all industrial sectors except consumer goods. The public still requires and purchases daily necessities, so the performance of consumer goods companies is not significantly impacted. Sales might be declined, but the change was not significant. PT Unilever Indonesia Tbk (UNVR) was one of the companies that was not significantly affected by the pandemic. Consequently, the goal of this study is to assess the financial performance of UNVR and apply the paired t-test to determine if there is a statistically similar or have insignificant difference between financial performance before and after the economic crisis. The data were taken from twelve periods of UNVR financial reports: before (Q1 – Q4 2017 to Q1 – Q4 2019 ) and after the crisis (Q1 – Q4 2020 to Q1 – Q4 2022). The results demonstrated that liquidity, solvency, profitability, and activity have no significant difference between before and after the pandemic.