Financial Performance Analysis of Conventional Taxi in Indonesia: Before and After The Emergence of Ride-Hailing Company

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Daryanto, Wiwiek Mardawiyah and Dzikro, Shafa Iqlima and Fitri, Disotyani Nurrahma (2019) Financial Performance Analysis of Conventional Taxi in Indonesia: Before and After The Emergence of Ride-Hailing Company. South East Asia Journal of Contemporary Business, Economics and Law, 19 (1). pp. 13-21. ISSN 2289-1560

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Abstract

Taxi industry in Indonesia has been a significant part of its inhabitants’ daily lives—especially those who live in major cities. However, due to the development of technology, its existence is threatened by the emerging ride hailing company. This situation affects the performance of Conventional Taxi industry. Therefore, the purpose of this study is to measure the financial performance of Conventional Taxi industry and to examine the significant difference between the financial performances before and after the flourishing ride hailing company in 2015. The data were collected from financial report and the period was divided into two periods: prior (2013-2014) and post (2016-2017) the emerging ride hailing company. Financial ratio analysis was used to analyze the data. The finding shows that Blue Bird Group is in a good condition as it shown in all ratios and Express Trasindo Utama still managed to hold its financial status, although it gained losses. In addition, a net profit margin of Express Trasindo Utama had a significant difference and none from Blue Bird Group. The authors believe that the findings will be helpful to illustrate the impacts of ride hailing service on the performance of Taxi industry. Key words: Financial performance; taxi industry; ride hailing; SEOs.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Divisions: Research And Community Empowerment > Journals
Depositing User: Rizky Amalia
Date Deposited: 27 Jan 2020 07:48
Last Modified: 19 Feb 2021 04:53
URI: http://repository.ipmi.ac.id/id/eprint/644

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