Measurement of Return on Asset (ROA) based on Comprehensive Income and its Ability to Predict Investment Returns: an Empirical Evidence on Go Public Companies in Indonesia before and during the Covid-19 Pandemic

Purpose - The concept of recognizing all inclusive income, which is used by IFRS and Indonesian SAK, the basis for presenting other comprehensive income in statement. This change format became idea developing a financial performance measurement.Methodology Testing effect attributable ROA net on future cash flows as proxy ability to provide returns, applying them measuring before during Covid-19 pandemic.Findings better able predict investment returns. has more relevance value, when only items that have potential be realized are included. In assessing performance, users advised keep using version, it advisable include OCI will reclassified. companies many industrial sectors experienced decline Covid 19 pandemic two measures.Novelty Development formulation including profit attribution, so far based income.