The Influence of Current Ratio, Debt to Equity Ratio, and Asset Growth on Profitability in Transportation & Logistics Sector Companies Listed on the Indonesia Stock Exchange (IDX) in 2019-2023

Abstract

This research aims to analyze the influence of the Current Ratio, Debt to Equity Ratio, and Asset Growth on Profitability in transportation and logistics sector companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. The type of research used is quantitative using secondary data. The population of this study consisted of 56 companies, and the research sample was obtained through purposive sampling techniques, so that 17 companies or 70 financial report data were obtained. Data analysis was carried out using descriptive statistics, classical assumption tests, multiple linear regression tests, and hypothesis testing. The research results show that the current ratio has a significant effect on profitability, while the debt to equity ratio and asset growth do not show a significant effect on profitability. Partially, the Current Ratio, Debt to Equity Ratio, and asset growth together influence the profitability of companies in this sector.