Financial Performance of Construction Companies during COVID-19 Pandemic

Authors

  • Gianfranco V. Amurao Student, PLM Business School, University of the City of Manila, Manila, Philippines
  • Nadia Kristine N. Cruz Student, PLM Business School, University of the City of Manila, Manila, Philippines
  • Jonathan David Laxamana Student, PLM Business School, University of the City of Manila, Manila, Philippines
  • Kevin Jamir F. Pigao Professor, PLM Business School, University of the City of Manila, Manila, Philippines
  • King Solomon T. Santiago Student, PLM Business School, University of the City of Manila, Manila, Philippines

DOI:

https://doi.org/10.32996/jbms.2023.5.5.15

Keywords:

Construction company, company value, financial ratios, COVID-19 Pandemic

Abstract

The global construction industries were significantly affected by the COVID-19 pandemic, resulting in substantial consequences for businesses in this sector. The operational activities of construction companies in the Philippines were significantly impacted by the imposed restrictions. The objective of this study is to conduct a comparative analysis of the profitability of three construction companies in the Philippines. Through the application of horizontal comparative analysis and ANOVA, the researchers have determined that there exists a statistically significant positive correlation between the profitability ratios of the three construction companies. Their Gross Profit Margin and Return on Assets (ROA) showed positive acceptable ratios during the pandemic.

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Published

2023-09-29

Issue

Vol. 5 No. 5

Section

Research Article

License

Copyright (c) 2023 Journal of Business and Management Studies

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

How to Cite

Amurao, G. V., Cruz, N. K. N., Laxamana, J. D., Pigao, K. J. F., & Santiago, K. S. T. (2023). Financial Performance of Construction Companies during COVID-19 Pandemic. Journal of Business and Management Studies, 5(5), 173-179. https://doi.org/10.32996/jbms.2023.5.5.15