Article Sidebar

Download
PDF
Statistic
Read Counter : 17 Download : 8

Main Article Content

Abstract

The purpose of this study is to investigate how the four primary perspectives of the Balanced Scorecard financial, customer, internal business process, and learning and growth affect the performance of manufacturing companies in the transportation subsector that are listed on the Indonesia Stock Exchange (IDX) between 2019 and 2023.  Utilizing secondary data from corporate annual reports, a quantitative research methodology was applied.  Net Profit Margin, Sales Growth, Operating Profit, and Net Income per Employee were the independent variables, while Return on Assets (ROA) was used to measure the dependent variable, or corporate performance.  To evaluate the hypotheses, multiple linear regression analysis was employed.  The findings show that ROA is significantly positively impacted by Net Profit Margin and Net Income per Employee, whereas Sales Growth and Operating Profit do not show a significant impact, 92.5% of the variation in business performance can be explained by the model. These findings suggest that profitability and employee productivity are crucial drivers of financial performance. The study contributes to the literature by demonstrating the strategic relevance of the Balanced Scorecard framework in the transportation manufacturing sector and recommends expanding future research with broader variables and sectoral comparisons.

Keywords

Balanced Scorecard Net Profit Margin Operating Profit Net Income Employee Company Performance ROA

Article Details

Copyright (c) 2025 JER

References

  1. Alimudin, A., & Sasono, A. D. (2022). Peningkatan Daya Saing Produk Konveksi Usaha Kecil Berbasis IPTEK di Desa Tri Tunggal Kecamatan Barat Lamongan.
  2. Andriani, N. D., & Pnglipurningrum, Y. S. (2020). Profitabilitas, Likuiditas, dan Rasio Aktivitas Pengaruhnya terhadap Nilai Perusahaan Pertambangan Sub Sektor Batubarayang Terdaftar di BEI periode 2016-2018. https://doi.org/10.36805/akuntansi.v5i2.1117
  3. Dewi, K., & Surya, A. K. (2015). PENERAPAN BALANCED SCORECARD UNTUK MENILAI KINERJA PT XL AXIATA TBK DALAM MENCAPAI STRATEGINYA. In BINUS BUSINESS REVIEW (Vol. 6, Issue 2). https://doi.org/10.21512/bbr.v6i2.976
  4. Fauzan, A. W., Zulpahmi, & Sumardi. (2023). Pengukuran Kinerja Perusahaan Dengan Balanced Scorecard di PT Indofood CBP Sukses Makmur Tbk. 7(1). https://doi.org/10.31294/widyacipta.v7i1.14547
  5. Indrayani, R., Azizan Rashied, F., & Tinggi Teknologi Bandung, S. (2023). Pengukuran Kinerja UMKM menggunakan Balanced Score Card. https://stmikpontianak.org/ojs/index.php/corisindo/article/download/245/89
  6. Khresat, O. M., & Jassar, M. A. (2025). Operating Profit Margin, Financial Leverage, and Return on Invested Capital’s Effects on the Profitability of Firm in Jordan’s Industrial Sector. Academic Journal of Interdisciplinary Studies, 14(1), 380. https://doi.org/10.36941/ajis-2025-0025
  7. Krisbudiman, A. (2015). Penilaian Kinerja Kualitas Perusahaan Manufaktur PT Yuasa Battery Indonesia dengan Metode Balance Scorecard. FLYWHEEL: Jurnal Teknik Mesin Untirta, I(1), 22–29.
  8. Nugroho, A., Arih, M. A., & Mubin, A. (2020). Pengukuran Kinerja Menggunakan Metode Balanced Scorecard dan Analytical Network Process Pada Perusahaan. https://doi.org/10.350587/Matrik
  9. Pandaleke, R., Tinangon, J., Wangkar, A., Brigita Pandaleke, R., Tinangon, J. J., Wangkar, A., Akuntansi, J., & Ekonomi dan Bisnis, F. (2021). PENERAPAN BALANCED SCORECARD SEBAGAI ALTERNATIF PENGUKURAN KINERJA PADA PT. BANK SULTGO CABANG RATAHAN THE APPLICATION OF BALANCED SCORECARD AS AN ALTERNATIVE PERFORMANCE MEASUREMENT AT PT BANK SULUTGO BRANCH RATAHAN. 9(3), 1018–1028. https://ejournal.unsrat.ac.id/index.php/emba/article/view/35217
  10. Putra, S. A., & Wahyuni, D. U. (2021). PENGARUH UKURAN PERUSAHAAN, LEVERAGE , DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN SEMEN DI BURSA EFEK INDONESIA (BEI). https://jurnalmahasiswa.stiesia.ac.id/index.php/jirm/article/view/4022
  11. Sagala, S. A., & Siagian, V. (2021). Penilaian Kinerja Menggunakan Metode Balanced Scorecard Pada Perusahaan Sektor Farmasi Sebelum dan Semasa Covid (2019-2020) yang Terdaftar di BEI. Jurnal Ekonomi & Manajemen Universitas Bina Sarana Informatika, 19(2). https://doi.org/10.31294/jp.v17i2
  12. Sakha, M. (2022). Employee Compensation and Financial Performance: Evidence from Commercial Banks of Nepal. Quest Journal of Management and Social Sciences, 4(2), 172–186. https://doi.org/10.3126/qjmss.v4i2.50313
  13. Sundoro, D., Jatmiko Nuryatno, Y., Arham Delyuzar, R., Aprilindo Sase, F., & Annida, R. (2024). Analisis Kinerja Perusahaan Metode Balanced Scorecard pada PT XYZ (Maufaktur Injeksi Plastik) Periode 2021-2023 (Vol. 4, Issue 1). https://doi.org/10.56799/peshum.v4i1.6846