Abstract

This study aims to analyze the current state of ASEAN listed companies in before and after of COVID-19. To this end, financial data of 4,583 listed companies in eight ASEAN countries from 2017 to 2021 are collected, and the number of listed companies, asset size such as Return on Assets (ROA), Return on Equity (ROE) and Sales. The results showed that the number of listed companies, asset size by country differed from each other in the ranking. The Philippines is the largest in terms of asset size, followed by Indonesia, Singapore and Thailand, while Malaysia, Indonesia and Thailand are the largest in terms of total assets. On the other hand, Singapore has the highest total revenue by country, followed by Indonesia, the Philippines and Thailand. Meanwhile, profitability of ASEAN companies has been gradually declining since 2017 and reached its lowest level during the COVID-19 pandemic in 2020. This study is the first of its kind to include firms from multiple ASEAN countries, and future studies should utilize this data.

Keywords: ASEAN; Listed firms; Profitability; ROA; ROE