Factors Affecting Change in Profit and Cash Holding in Transportation and Logistics Companies Listed on the IDX, 2021–2025
DOI:
https://doi.org/10.24905/icobis.v2i1.59Keywords:
Sales Growth, Cash Flow, Total Asset Turnover, Quick Ratio, Change in Profit and Cash HoldingAbstract
The instability of financial performance in transportation and logistics companies during 2021–2025 is reflected in fluctuations in change in profit and cash holding. This study examines the effects of Sales Growth, Cash Flow, Total Asset Turnover, and Quick Ratio on Change in Profit and Cash Holding in transportation and logistics companies listed on the Indonesia Stock Exchange (IDX). It uses a quantitative associative approach. The population consists of 40 listed transportation and logistics companies, of which 27 were selected through purposive sampling, resulting in 135 observations for 2021–2025. Secondary data were obtained from annual financial reports and analyzed using multiple linear regression in SPSS version 22. In the Change in Profit model, Sales Growth and Quick Ratio have positive and significant effects, while Cash Flow and Total Asset Turnover have no significant effect. In the Cash Holding model, Sales Growth has no significant effect, whereas Cash Flow, Total Asset Turnover, and Quick Ratio have positive and significant effects. The findings indicate that the determinants of Change in Profit and Cash Holding are not entirely identical.
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