AKUNTANSI DEWANTARA
Vol 7 No 2 (2023): AKUNTANSI DEWANTARA VOL. 7 NO. 2 OKTOBER 2023

The Impact of Tech Winter Era on PT. Goto Gojek Tokopedia Tbk. And Predictive Analysis of Financial Distress Using the Ohlson and Zavgren Models

Yusnaini (Unknown)



Article Info

Publish Date
10 Oct 2023

Abstract

This research was conducted to analyze how the impact of the tech winter era was a condition that resulted in a decrease in investor interest in investing in technology carried out at PT. GoTo Gojek Tokopedia Tbk. which is a start-up technology company that has entered the unicorn category and has taken the floor on the Indonesia Stock Exchange since 2022. Furthermore, an analysis of the company's financial statements for the 2021-2022 period is also carried out to see the company's financial condition through the financial performance of PT. GoTo using the financial distress prediction method with the Ohlson and Zavgren models. The results of the analysis found that PT. GoTo Gojek Tokopedia Tbk. financially distressed is still in the "healthy" category, as evidenced by the increase in EBITDA (earnings before interest, taxes, depreciation and amortization) from GoTo by 67% compared to the same period the previous year, and 49% compared to the previous quarter so that the company was able cover the company's net loss in the previous period. In addition, the tech winter era itself had an impact on GoTo which can be marked by the layoffs of 1,900 employees during the 2022 and 2023 periods and the company continues to experience losses. But on the other hand, GoTo was able to improve its performance by making various efforts, such as innovating and developing their products in order to meet customer satisfaction.

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Journal Info

Abbrev

akuntansidewantara

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Akuntansi Dewantara Fakultas Ekonomi Universitas Sarjanawiyata Tamansiswa merupakan media publikasi karya ilmiah. Jurnal ini akan kami terbitkan secara berkala untuk setiap periode (April dan Oktober) tiap tahunnya. Tujuan Jurnal Akuntansi Dewantara Fakultas Ekonomi adalah untuk ...