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Rinaldy Rizkiawan Sutomo
Universitas Bumigora

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Analisis Komparatif Kinerja Keuangan Sebelum Dan Sesudah Akuisisi Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tirta Wahyu Zakrowi; Fahrul Habib; Lutpian Abdul Majid; Farel Ade Dwi Akbar; Rinaldy Rizkiawan Sutomo
Zentrum Economic, Business, Management, Accounting Research Vol. 4 No. 1 (2026): ZEBMAR, March 2026
Publisher : Zentrum Multi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69657/x5rvz530

Abstract

This study aims to analyze the comparison of the financial performance of mining companies listed on the Indonesia Stock Exchange (IDX) before and after a strategic macroeconomic event. Financial performance was measured using the Current Ratio (CR), Return on Assets (ROA), Debt-to-Equity Ratio (DER), Total Asset Turnover (TATO), and Price Earnings Ratio (PER). The research employed a comparative descriptive quantitative approach. The sample was selected using purposive sampling, resulting in four mining companies. Hypotheses were tested using the Paired Samples t-Test and the Wilcoxon Signed Ranks Test. The empirical results indicate that internal fundamental performance, represented by CR, ROA, and DER, remained relatively stable with no significant changes. However, operational activity (TATO) and market valuation (PER) exhibited structural shifts following the event. These findings imply that management should adopt a dynamic approach in optimizing asset utilization and managing stock market sentiment to maintain corporate performance and investor confidence.
Co-Authors Fahrul Habib Farel Ade Dwi Akbar Lutpian Abdul Majid Tirta Wahyu Zakrowi