KINERJA DAN FINANCIAL DISTRESS: NAVIGASI PADA BISNIS TRANSPORTASI
Dublin Core
Title
KINERJA DAN FINANCIAL DISTRESS: NAVIGASI PADA BISNIS TRANSPORTASI
Subject
activity ratio, profitability, leverage, and financial distress
Description
This study aims to explore the impact of activity ratios, profitability, and leverage on financial
distress within the transportation sector. Specifically, we measure financial distress using the
Springate method. Additionally, we assess activity through the Receivable Turnover Ratio (RTR), profitability via the Net Profit Margin (NPM), and leverage using the Debt to Asset Ratio (DAR). To achieve our objectives, we employed purposive sampling, selecting 25 transportation companies listed on the Indonesia Stock Exchange. Our observation period spans from 2019 to 2021, resulting in a total sample size of 75 observations. We sourced secondary data from both the Indonesia Stock Exchange and official company websites during this period. Our study adopts a quantitative research approach. The analytical model employed is binary logistic regression analysis. Partially, our results reveal significant
relationships. The activity and profitability ratio negatively affects financial distress, while conversely, the leverage ratio has a significant positive effect on financial distress. Simultaneously, all three ratios—activity, profitability, and leverage—jointly influence financial distress.
distress within the transportation sector. Specifically, we measure financial distress using the
Springate method. Additionally, we assess activity through the Receivable Turnover Ratio (RTR), profitability via the Net Profit Margin (NPM), and leverage using the Debt to Asset Ratio (DAR). To achieve our objectives, we employed purposive sampling, selecting 25 transportation companies listed on the Indonesia Stock Exchange. Our observation period spans from 2019 to 2021, resulting in a total sample size of 75 observations. We sourced secondary data from both the Indonesia Stock Exchange and official company websites during this period. Our study adopts a quantitative research approach. The analytical model employed is binary logistic regression analysis. Partially, our results reveal significant
relationships. The activity and profitability ratio negatively affects financial distress, while conversely, the leverage ratio has a significant positive effect on financial distress. Simultaneously, all three ratios—activity, profitability, and leverage—jointly influence financial distress.
Creator
Denok Asri Widyayanti, Ika Puspita Kristianti
Source
http://jam.stieykpn.ac.id/index.php/jam/issue/view/149
Publisher
STIE YKPN Yogyakarta
Date
Agustus 2024
Contributor
Sri Wahyuni
Rights
E-ISSN 2621-704X (Online) / P-ISSN 2621-7031 (Cetak)
Format
PDF
Language
Indonesian
Type
Text
Coverage
Jurnal Akuntansi dan Manajemen STIE YKPN Yogyakarta 2024
Files
Collection
Citation
Denok Asri Widyayanti, Ika Puspita Kristianti, “KINERJA DAN FINANCIAL DISTRESS: NAVIGASI PADA BISNIS TRANSPORTASI,” Repository Horizon University Indonesia, accessed March 12, 2025, https://repository.horizon.ac.id/items/show/5850.