Analysis of Financial Performance on Sharia Stocks Listed In the Jakarta Islamic Index (JII) During the Covid-19 Pandemic (As of September 30, 2021)

Financial performance is an analysis conducted to see the extent to which a company has implemented by using financial implementation rules properly and correctly. Companies must have healthy and efficient financial performance to earn profits and improve company performance. Due to the COVID-19 pandemic, economic and business activities have decreased. The focus of this research is the analysis of financial performance on Islamic stocks listed on the Jakarta Islamic Index. The results of the study show that the independent variables consisting of Debt to Asset Ratio, Debt to Equity Ratio, Return on Assets, Return on Equity based on the results of data analysis using the Cross Section Approach (CSA) research method can be seen whether the financial performance is good or not by comparing the company average with the industry average. The results of this study indicate that the financial performance of most Islamic companies is not good, this happens because of the impact of the covid-19 pandemic which resulted in a decrease in sales because the decline in sales was not proportional to the operating costs and cost of goods sold.