COMPARATIVE ANALYSIS OF DER, CR, ROE, EPS, AND STOCK PRICES OF COMPANIES IN THE HEALTH SERVICES & EQUIPMENT SUBSECTORS DURING THE PANDEMIC AND POST-PANDEMIC PERIODS

Abstract

The COVID-19 pandemic had a big impact on Indonesia’s economy. The demand for medical equipment and medicines rises sharply, encouraged many companies in the Healthcare Services and Equipment subsector to do initial public offerings (IPOs) on the Indonesia Stock Exchange. This study consists of analysis of the trends of four financial ratios, Debt to Equity Ratio (DER), Current Ratio (CR), Return on Equity (ROE), and Earnings per Share (EPS), along with stock prices of companies that went public during the pandemic (2021–2022) and after the pandemic (2023–2024). The purpose of this study is to compare the financial performance and stock price movements between these two periods. The method used is descriptive analytical with a comparative approach. The results show that companies that did IPOs during the pandemic generally started with better financial performance but experienced a significant decline after the pandemic. On the other hand, companies that went public after the pandemic started with weaker performance and tended to get worse. Stock prices were fluctuating, influenced by both internal company conditions and external factors like the overall economic situation. This study can be used as a reference for investment decision making and provides insights for stakeholders to understand the financial dynamics of healthcare companies amid changing economic conditions.