Sectoral Business Efficiency Analysis during the Pandemic on IDX (2018-2022): Tourism, Food, and Transportation Logistics via Data Envelopment Analysis

Throughout 2018 and 2022, the COVID-19 pandemic significantly affected several industry sectors on the Indonesia Stock Exchange (IDX). This paper examines the operational effectiveness of three crucial industries—tourism, food, and transportation logistics—during the epidemic. The analysis's findings indicate that these sectors' levels of efficiency during the pandemic varied. Business efficiency is greatly influenced by risk management, operational methods, and adapting to shifting consumer demand. As a result of this examination of company performance during the pandemic, it is clear that adequate policies are required to sustain operational continuity and the expansion of significant sectors in the Indonesian stock market. By taking input into account, the DEA approach is utilized to assess these businesses' relative efficiency. Along with factors like operating costs, total assets, labor, and capital, outputs like revenue and net profit are also considered. The factors that led to the most inefficient performance were determined to be fixed assets (24.62%), total liabilities (19.10%, and COGS expenses (18.98%). This study also advances knowledge of the elements that influence the effectiveness of businesses in the tourism sector. The implications of the study's findings can be used to assist the tourism industry's sustainable expansion in Indonesia and to improve the performance of travel businesses in the future.