The Influence of Financial Performance on Profit Growth at Pt. Topabiring Trans Logistics Pangkep Regency
Article Sidebar
Main Article Content
Abstract
This study investigates the influence of financial performance on profit growth at PT Topabiring Trans Logistik, Indonesia, during the 2019–2023 period. Financial performance is measured using three key financial ratios: Net Profit Margin (NPM), Return on Assets (ROA), and Total Asset Turnover (TATO). A quantitative research approach was employed using secondary data derived from the company's annual financial statements. The dataset was analyzed through multiple linear regression supported by classical assumption tests, including normality, multicollinearity, autocorrelation, and heteroscedasticity tests, followed by t-tests, F-tests, and the coefficient of determination using SPSS version 22. The findings indicate that none of the financial performance indicators significantly affect profit growth. The t-test results show that NPM (p = 0.882), ROA (p = 0.933), and TATO (p = 0.730) are all statistically insignificant at the 5% significance level. These findings suggest that changes in profitability and asset utilization were insufficient to explain variations in profit growth during the observation period. The insignificant relationships are likely attributable to the limited number of observations and the influence of external factors, including post-pandemic economic conditions, operational costs, and changes in the company's business environment. This study contributes to the financial performance literature by providing empirical evidence from the Indonesian logistics industry and highlights that profit growth is influenced by broader operational and macroeconomic factors beyond conventional financial ratios. Future research is recommended to employ larger samples, longer observation periods, and additional explanatory variables to improve the robustness and generalizability of the findings.
Article Details
References
Adinda Asha, I., & Nurul Fatimah, A. (2022). Analysis of Financial Performance Against Profit Growth During the Covid-19 Pandemic in Infrastructure Sector Companies Listed on the IDX. MANEKSI JOURNAL, 11(1). www.idx.co.id
Agustina. (2016). Analysis of Factors Influencing Profit Growth with Company Size as a Moderating Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange.
Albertus Karjono. (2020). Analysis of the Influence of Profitability, Solvency, and Company Management on Income Smoothing Practices (Empirical Study of Manufacturing Companies in the Basic and Chemical Industry Sectors Listed on the IDX in 2013-2017).
Apriliyani, R., & Yudiantoro, D. (2022). The Effect of Financial Performance on Corporate Profit Growth in the Consumer Goods Sector in Companies Listed on the Indonesia Stock Exchange in the 2020 Period. In Jurnal Ekobis Dewantara (Vol. 5, Issue 2).
Several Data Analysis Methods and Case Examples. (nd). Retrieved November 19, 2023, from https://dqlab.id/beberapa-metode-analisis-data-dan-contoh-kasusnya
Dindawati, & M. Rimawan. (2021). Analysis of the Influence of Financial Performance in Predicting Profit Growth at PT. Astra Agro Lestari, Tbk. JIEF-Journal of Islamic Economics and Finance, 1, 1–13. http://e-journal.iainpekalongan.ac.id/index.php/jief/issue/current
Endri, E., Sari, AK, BUDIASIH, Y., Yuliantini, T., & Kasmir, K. (2020). Determinants of Profit Growth in Food and Beverage Companies in Indonesia. Journal of Asian Finance, Economics and Business, 7(12), 739–748. https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.739
Fatmawati, AP, & Awaru Rala, AT (2021). The Influence of Financial Performance in Predicting Profit Growth at PT Pos Indonesia (Persero) Asia Afrika Branch, Bandung. LAND JOURNAL, 1(1), 12–20. https://doi.org/10.47491/landjournal.v1i1.587
Fina Islamiati Susyana, & Nugi Mohamamd Nugraha. (2021). The Effect of Net Profit Margin, Return on Assets, and Current Ratio on Profit Growth.
Iwan Hermawan, S. Ag. , M. Pd. I. (2019). Educational Research Methodology (Quantitative, Qualitative & Mixed Method) (CS Rahayu, Ed.; first). Hidayatul Quran Kuningan.
Jihaan Aatikah Almaas Setyowati, & Endang Dwi Retnani. (2021). The Effect of Financial Performance and Company Size on Profit Growth of Pharmaceutical Companies.
Kaman, ME, & Sitohang, S. (2018). The Influence of Financial Performance on Profit Growth at CV. Busindo Jaya in Surabaya.
Marsuni, N. S., Ridwan, A., & Manou, A. R. (2024). Infrastructure Development and Its Socioeconomic Implications: A Study of Enrekang Regency. GoodWill Journal of Economics, Management, and Accounting, 4(1), 11-22.
Mohamad Ali Wairooy. (2019). The Influence of Financial Performance on Profit Growth at PT. Semen Tonasa (Persore) in Pangkep Regency. Balance Economic Journal, Faculty of Economics and Business, 15, 52–68.
Marsuni, N. S. (2024). Pengaruh Islamic Corporate Governance, Islamic Corporate Social Responsibility, Dan Islamic Ethical Identity Terhadap Kinerja Keuangan Dan Nilai Perusahaan (Studi Empiris Bank Umum Syariah Di Indonesia) (Doctoral dissertation, Universitas Hasanuddin).
Nikmah, U., Fajarini, I., & Wahyuningrum, S. (2020). The Effect of Financial Performance on Profit Growth Moderated by CSR Disclosure. Accounting Analysis Journal, 9(2), 179–185. https://doi.org/10.15294/aaj.v9i3.42070
Nur Fadilah Amin, Sabaruddin Garancang, & Kamaluddin Abunawas. (2023). General Concept of Population and Sample in Research. Journal of Contemporary Islamic Studies, 14.
Pasigai, M. A., Afrianto, A., Marsuni, N. S., Insirat, M. N., & Rizal, S. (2025). Brand Awareness Berdasarkan Model Analisis Jalur Sebagai Penunjang Pariwisata Di Kabupaten Gowa: Peran City Branding, Citra Wisatawan Dan Citra Kota Pada Objek Wisata Alam Malino. Jurnal Akuntansi STIE Muhammadiyah Palopo, 11(2), 296-314.
Ratih Nurmalita Hapsari. (2022). The Effect of Minimum Capital Adequacy Requirement, Credit Risk, Market Risk, Operational Risk, and Liquidity Risk on Bank Financial Performance.
Rena Badriyah, S. (2021). The Influence of Financial Performance on Profit Growth.
Rintan Saragi. (2018). Analysis of the Influence of Financial Ratios on Profit Growth Rates at State-Owned Banks in Indonesia. Analysis of financial performance on profit growth at PT. Perkebunan Nusantara IV Medan. Methodist Journal of Accounting and Finance, 2.
Sholikhah, A. (2016). Descriptive Statistics in Qualitative Research. Komunika: Journal of Da'wah and Communication, 10(2), 342–362. https://doi.org/10.24090/komunika.v10i2.953
Sri Rusiyati. (2018). Analysis of the Influence of Financial Ratios on Profit Growth Rates in State-Owned Banks in Indonesia. XVIII(1).
Surya Sanjaya, & Muhammad Fajri Rizky. (2018). Profitability Analysis in Assessing Financial Performance at PT. Taspen (Persero) Medan.
Suryani Timtim. (2012). Analysis of the Role of Economic Sectors in the Economic Growth of Pemalang Regency (Input Table Analysis) Pemalang Regency Output in 2010). http://journal.unnes.ac.id/sju/index.php/edaj
Taruna, RD, & Setiawan, S. (2019). The Influence of Financial Performance on Profit Growth of Commercial Banks in Indonesia. AIMS: Journal of Accounting Information Systems, 2(1), 1–9. https://doi.org/10.32627/aims.v2i1.62
Yusuf, M., Mariana, L., & Marsuni, N. S. (2026). Increasing Financial Inclusion of Generation Z Through Digital Literacy, Lifestyle, and Qris Mediated Path Analysis. Jurnal Reviu Akuntansi dan Keuangan, 16(1).