Pengaruh Cash Flow, Sales Growth dan Operating Capacity terhadap Financial Distress pada Perusahaan transportasi yang terdaftar di Bursa Efek Indonesia Tahun 2020-2022

Abstract

Penelitian ini bertujuan untuk mengetahui cash flow, sales growth, operating capacity terhadap financial distress pada perusahaan transportsi yang terdaftar di Bursa Efek Indonesia (BEI) Pada Tahun 2020-2022. Jenis penelitian yang digunakan yaitu kuantitatif yang bersifat asosiatif kausal. Populasi penelitian ini adalah seluruh perusahaan Transportasi yang terdaftar di Bursa Efek Indonesia (BEI) Pada Tahun 2020-2022. Pemilihan sampel menggunakan metode purposive sampling dan terdapat 23 perusahaan yang memenuhi kriteria sehingga data observasi berjumlah 69. Teknik analisis data yang digunakan adalah analisis statistik deskriptif, uji asumsi klasik, dan analisis linear berganda. Berdasarkan hasil uji t cash flow nilai signifikan sebesar 0,008 < 0,05 dan nilai t-hitung < t-tabel yakni -3751 < 1.996 yang berarti cash flow berpengaruh negatif dan signifikan terhadap financial distress, sales growth menunjukkan nilai signifikansi sebesar 0,007 < 0,05 dan nilai t-hitung < t-tabel yakni -4.165 < 1.996 yang berarti sales growth berpenaruh negatif dan signifikan terhadap fianancial distress, operating capacity menunjukkan nilai signifikan sebesar 0,010 < 0,05 dan nilai t-hitung < t-tabel yakni -3.132 < 1.996 yang berarti operating capacity berpengaruh negatif terhadap financial distress. Berdasarkan hasil uji f cash flow, sales growth, dan operating capacity secara simultan memiliki nilai signifikansi sebesar 0,011 < 0,05 yang berarti cash flow, sales growth, dan operating capacity berpengaruh negatif dan signifikan terhadap financial distress. This study aims to determine cash flow, sales growth, operating capacity on financial distress in transportation companies listed on the Indonesia Stock Exchange (IDX) in 2020-2022. The type of research used is quantitative which is associative causal. The population of this study is all transportation companies listed on the Indonesia Stock Exchange (IDX) in 2020-2022. The sample selection used the purposive sampling method and there were 23 companies that met the criteria so that the observation data amounted to 69. The data analysis techniques used were descriptive statistical analysis, classical assumption tests, and multiple linear analysis. Based on the results of the cash flow t-test, the significant value is 0.008 <0.05 and the calculated t-value <t-table is -3751 <1.996, which means that cash flow has a negative and significant effect on financial distress, sales growth shows a significant value of 0.007 <0.05 and the calculated t-value <t-table is -4.165 <1.996, which means that sales growth has a negative and significant effect on financial distress, operating capacity shows a significant value of 0.010 <0.05 and the calculated t-value <t-table is -3.132 <1.996, which means that operating capacity has a negative effect on financial distress. Based on the results of the f-test, cash flow, sales growth, and operating capacity simultaneously have a significant value of 0.011 <0.05, which means that cash flow, sales growth, and operating capacity have a positive and significant effect on financial distress.