KINERJA DAN FINANCIAL DISTRESS: NAVIGASI PADA BISNIS TRANSPORTASI

Kristianti, Ika Puspita (2024) KINERJA DAN FINANCIAL DISTRESS: NAVIGASI PADA BISNIS TRANSPORTASI. JAM, 35 (2). pp. 137-148. ISSN ISSN 2621-704X (Online) /2621-7031 (Cetak)

Text 2024 JAM.pdf Download (708kB)

Abstract

This study arms to explore the impact of activity ratios, profitability, and leverage on financial distress within the transportation sector. Specifically, we measurefinancial distress using the Sphngate method. Additionally, we assess activity through the Receivable Turnover Ratio (RTR), profitability via the Net Profit Margtn (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 offictal company websites durtng 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.

Item Type:	Article
Uncontrolled Keywords:	activity ratio, profitability, leverage, andfinancial distress
Subjects:	AKUNTANSI > Akuntansi Keuangan
Divisions:	Dosen STIE YKPN > Artikel > Jurnal
Depositing User:	Unnamed user with email webmaster@stieykpn.ac.id
Date Deposited:	11 Sep 2024 06:53
Last Modified:	11 Sep 2024 06:53
URI:	http://repositorybaru.stieykpn.ac.id/id/eprint/2598

Actions (login required)

View Item