Jurnal Ekonomi, Manajemen, Akuntansi dan Keuangan
Vol. 6 No. 3 (2025): Juli

The Effect of Financial Ratios on the Operational Performance of Logistics Companies In PT The Eternal Universe of Sentosa

Yovika Septiana (Politeknik NSC Surabaya)
Thomas Sidharta (Politeknik NSC Surabaya)



Article Info

Publish Date
21 Jul 2025

Abstract

This study aims to analyze the influence of financial ratios, consisting of Current Ratio (CR), Debt to Equity Ratio (DER), Total Asset Turnover (TATO), and Return on Assets (ROA), on the operational performance of PT. Semesta Langgeng Sentosa during the 2021–2024 period. A quantitative approach was employed using documentation methods and field studies to obtain secondary data from the company’s financial reports. The data were analyzed using multiple linear regression, preceded by classical assumption tests, including normality, multicollinearity, heteroscedasticity, and autocorrelation, to ensure the model’s validity and reliability. Operational performance was measured using asset turnover ratios and annual productivity levels. The results show that CR, TATO, and ROA have a positive and significant effect on operational performance, while DER has a negative but significant influence. These findings indicate that strengthening liquidity, increasing asset utilization efficiency, and enhancing profitability contribute positively to improving operational efficiency in logistics companies. Conversely, a high debt structure may hinder the achievement of optimal performance. This research provides theoretical contributions to the development of financial management and accounting knowledge, especially in the context of private logistics companies. Practically, the results can serve as a strategic reference for company management in evaluating internal financial conditions and formulating data-driven decisions to improve operational performance continuously and sustainably.

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Journal Info

Abbrev

jurnalemak

Publisher

Subject

Economics, Econometrics & Finance Other

Description

Jurnal Emak: Jurnal Ekonomi, Manajemen, Akuntansi dan Keuangan is a peer-reviewed journal. Ekombis invites academics and researchers who do original research in the fields of economics, management, and accounting, including but not limited to: Economics Monetary Economics, Finance, and Banking ...