Current Assets Research Articles

INVESTMENT IN INTELLECTUAL CAPITAL AND ITS IMPACT ON THE PROFITABILITY OF ISLAMIC BANKS IN INDONESIA

Introduction: Islamic banks in Indonesia show significant potential, although their current asset contribution is only 1,9 percent of total Islamic banking asset globally. This is quite a contrast to Indonesia’s title as the country with largest Muslim population in the world, as well as its ambition to become the center of the global sharia economy. One of the efforts that can be made to achieve this goal is by increasing the assets of Indonesian Islamic banks through enhancing their profitability. Methods: This research uses secondary data from eight Sharia Commercial Banks (BUS) in the 2014-2022 period. A static panel regression model is used to examine the impact of Intellectual Capital on the profitability of BUS using Stata 17 application. The dependent variable is profitability, while the independent variables are IC and its components (Human Capital, Structural Capital, Customer Equity, and Relational Capital). The control variables consist of the ratio of total equity to total assets (EQA), non-performing financing (NPF), inflation, and the COVID-19 phenomenon. Results: This study analyzes the impact of intellectual capital (IC) on the profitability of Islamic banks in Indonesia. The results show that IC has a significant positive effect on profitability. The components of human capital (HC) and capital employed (CE) contribute positively, while structural capital (SC) and relational capital (RC) do not have a significant impact. Conclusion and suggestion: Findings of this research indicate that improving human resource competence and optimizing equity capital can enhance the profitability of Islamic banks, whereas investments in organizational structure, technology, and promotion do not yield significant effects. This study also provides policy implications for regulators and bank management in more effectively allocating IC investments. Additionally, the research suggests that Islamic banks should focus on digitalization and financial innovation to strengthen their performance.

The impact of sustainable development on the relevance of accounting information and financial activities: Evidence from Thailand.

This study investigates the impact of sustainable development on the relevance of accounting information and financial activities of companies listed on the Stock Exchange of Thailand (SET). The results reveal that earnings per share and book value per share have a positive effect on market value, implying that higher earnings signal strong financial performance, thereby attracting more investor interest. Short-term and long-term debt financing have a negative effect on market value, suggesting that debt financing leads to increased financial risk. Current asset and fixed asset investments have a positive effect on market value by signaling confidence in operational performance. Dividend payouts have a positive effect on market value, demonstrating a commitment to returning value to investors, resulting in a stronger firm reputation and investor perception. However, firms that adhere to sustainable development guidelines face more complex dynamics. The results show that both earnings per share and book value per share have a negative effect on market value, suggesting that while they report high earnings per share and book value per share, these financial metrics cannot alleviate investor skepticism regarding sustainability as a cost of the firm. Short-term debt financing has a positive effect on market value because it provides a flexible and efficient way to fund sustainable investments without diluting equity or incurring long-term debt obligations, while the implications of long-term debt financing and current asset investments are insignificant. Furthermore, the significant positive effect of fixed asset investment underscores the potential long-term benefits of sustainability, despite high initial costs. Lastly, the non-significant negative impact of dividend payouts on market value suggests that the overall effect may also depend on various factors. These results support the idea of efficient market theory, which posits that investors may have negative reactions to what they perceive as financial burdens, diminishing the importance of positive financial metrics and altering market value. This study recommends that policymakers should carefully design regulations and incentives to support sustainable investments. Such approaches may include establishing specific funds, tax incentives, subsidies, and soft loans. Additionally, policymakers need to promote transparency and consistent reporting on the long-term financial benefits of sustainability, which can help reduce investor skepticism and foster a more positive market response. Finally, firms should clearly communicate their long-term sustainability efforts and benefits to investors and various stakeholders, leading to a positive interpretation of the firm's commitment to sustainable development.

Próba oceny wpływu papierów wartościowych na stabilne i bezpieczne funkcjonowanie banków spółdzielczych w Polsce

Over the past 10 years, cooperative banks in Poland have significantly increased their share and changed the structure of financial instruments in their portfolio. Asset structure is key to both performance and risk resilience. There can be various reasons for increasing the share of non-credit current assets, including regulatory requirements, the need for revenues diversification or effective liquidity management, and the effects of such decisions depend on various factors, whether macroeconomic, sectoral or individual. The paper aims to assess the role of securities for the stable and safe operation of cooperative banks in Poland and to try to answer the question of whether these relations are similar to those in the commercial banking sector. The theoretical part of the paper includes a short definition overview related to the studied problem, i.e. identification of concepts related to the safety and stability of banks, financial instruments and the specificity of cooperative banks. In addition, an analysis was made of the regularities that can be encountered when shaping the optimal structure of assets in banks. To verify the research hypothesis about the positive impact of financial instruments on the stability of cooperative banks, a linear regression model was used. For measuring the stability the Z-Score indicator was adopted. The research period covered annualised monthly data for the period 12.2010–09.2021. Obtained results confirm the importance of the role played by financial instruments in building cooperative banks’ stability. The increase in the level of financial instruments had a beneficial effect on bank stability, but only when it took place in a smooth manner and, in addition, when their share in the asset structure was small.

ANALYSIS OF FINANCIAL ECONOMIC INDICATORS FROM A SUSTAINABILITY PERSPECTIVE: STUDY WITH COMPANIES IN THE ENERGY SECTOR LISTED ON B3

Global demand for electricity is growing continuously. Therefore, the analysis of the companies involved becomes timely. This study investigates the impact of the disclosure of sustainability reports, with and without audit opinions, on the economic and financial performance of companies listed on B3 during the period from 2019 to 2023. Methodologically, the research has a descriptive approach, documentary procedure and quantitative nature. Its temporal dimension is longitudinal. The sample, composed of 77 companies selected probabilistically, was divided into: 47 companies that published reports with an audit opinion, 12 that published without an opinion, and 18 that did not publish reports. Through the Kruskal-Wallis test, the results indicated that the companies present similar performances in metrics such as current liquidity, dry liquidity, general liquidity, net margin and asset turnover. However, statistically significant differences were observed in the quick liquidity ratio, debt ratios (level and composition), as well as return on investment (ROI) and return on equity (ROE) indicators. This study contributes to the literature by providing insights into how sustainability reporting can influence various aspects of the financial management of electric power companies.

Pengaruh CR, TAT, LTDER, dan Ukuran Perusahaan Terhadap Pertumbuhan Laba Perusahaan Sektor Industri Retail yang Terdaftar di BEI (2019-2022)

This research aims to analyze the impact of the Current Ratio, Total Asset Turnover, Long-Term Debt to Equity, and Company Size on profit growth in retail sector companies listed on the Indonesia Stock Exchange (BEI) during the 2019-2022 period. The data used were obtained from financial statements accessed through the IDX website. This research employs purposive sampling method. The data were analyzed using Multiple Linear Regression. The results show that Company Size has a positive and significant effect on profit growth, while the Current Ratio and Total Asset Turnover have no effect on profit growth, and Long-Term Debt to Equity has a negative and significant effect on profit growth.

Financial Performance Analysis and Evaluation of Apple Inc. between 1st October 2019 to 30th September 2022

The main purpose of this study was to analyse and evaluate the financial performance of Apple Inc. between 1stOctober 2029 to 30th September 2022. This study has adopted a desktop methodology to analyze and evaluate the financial performance of Apple Inc. between 1st October 2019 to 30th September 2022. The GP margin of Apple increased from 38% to 41% in 2021 and 43% in 2022. On the other hand, Samsung’s GP margin increased from39% in 2020 to 40% in 2021 and declined to 37% in 2022. Apple has achieved high GP margins in two different ways; increased revenue and reduced cost of sales. The current ratio of Apple lay at 1.36 in 2020, declined to1.36, and declined further to 0.88 in 2022. On the other hand, the current ratio of Samsung was higher compared to Apple where in 2020 lay at 2.62, declined to 2.48, and increased again to 2.79. The performance of Apple and Samsung in terms of meeting their short-term obligations as they fall due was influenced by significant fluctuations in current assets and current liabilities. Apple is healthier in terms of long-term solvency compared to Samsung due to different types of long-term liabilities secured during the period under review. Apple indicates an effective use of its assets and manages liabilities in the short term compared to Samsung during the period between 2019 to 2022. However, Apple needs to be careful about the period it takes to pay off the debts of suppliers by maintaining a good relationship with suppliers. The agreements with suppliers which are at commercially reasonable terms need to be maintained in the long term.

Assessment of solvency-liquidity relationship in food and meat producing organizations

Cash flow management in commercial organizations of the production sector is one of the key problems of financial management in the post-crisis stages of the pandemic and its overcoming, which requires new solutions. This article presents practical solutions for improving financial management in the context of liquidity-solvency relationship, cash flow, and current asset valuation in six leading companies that produce food and meat products by capitalization listed on the world stock exchange and studied. Since the role of artificial intelligence is highly valued in the current period, financial management professionals have also started to use various learning forecasting models in order to increase the efficiency of their decision-making. Forecasting the capital structure in commercial organizations with an artificial intelligence model is a completely new approach in the financial management system, the main task of which is to define the preferred ratio of the components of liabilities in connection with the minimum cost of capital.

Pengaruh Working Capital Management terhadap Profitabilitas Perusahaan Manufaktur Indeks LQ-45

Every organization that is profit-oriented or non-profit, regardless of the size and nature of its business, requires a number of working capital. Working capital is the most important factor for maintaining liquidity, survival, solvency and profitability of the business. Working capital management is one of the most important areas when making comparisons between a company's liquidity and profitability, which involves a decision on the number of current assets and asset financing. The efficiency of working capital management is very important especially for manufacturing companies, where most of its assets consist of current assets. This directly affects the profitability and liquidity of the company. The trade off between liquidity and profitability is important because if working capital management is not given, companies tend to fail and face bankruptcy. The importance of efficient working capital management is undoubted. Because working capital provides strength for each economic and management unit which is considered to be one of the most important functions of corporate management. Therefore, given the importance of working capital management management this research was focused on evaluating the effect of working capital on profitability, in the LQ45 index manufacturing company for the 2003-2007 period. Key Words: working capital management, profitability, manufacturing LQ45Y index

Liquidity Analysis of selected Indian Electronics Companies

Liquidity is a position of any business to settle down its obligations within a year i.e., short-term dues. When a business has an adequate amount of current assets, it can easily pay-off its obligations without any external borrowings. And so, analysis of liquidity is preferably done by stakeholders. The liquidity of a business can be measured with the help of financial ratios like current ratio, quick ratio, absolute liquid ratio and net working capital ratio. In this research paper, analysis of liquidity of selected Indian electronics companies has been done on the basis of current ratio and quick ratio. It has been found that Bharat Electronics Ltd (BEL) has sound liquidity position as compared to other companies for the period under study.

The Influence of Current Ratio, DER and Total Asset Turnover on Profit Growth in Manufacturing Companies in the Goods and Consumer Goods Industry Sub-Sector Listed on the Indonesian Stock Exchange 2019 -2022

This study aims to examine the Current Ratio, Debt To Equity Ratio, and Total Asset Turnover on profit growth in manufacturing companies in the goods and consumption industry sector listed on the Indonesia stock exchange. The population in this study are manufacturing companies in the goods and consumer goods industry sub-sector listed on the Indonesia stock exchange for the period 2029-2022. The sample in this study is the Financial Statements of Manufacturing Companies in the 2019-2022 goods and consumption industry sub-sector which were taken using purposive sampling method, so that 15 companies were obtained as samples. And using the multiple linear analysis method, classical assumption test, t test (partial test), and the coefficient of determination with the SPSS (Statistical Product and Service Solution) v16 software. Based on the results of the research, it can be concluded that partially the Current Ratio has a positive and significant effect on profit growth, while the Debt to Equity Ratio has a positive and significant effect on profit growth as well as the Total Asset turnover has a positive and significant effect on profit growth in manufacturing companies in the goods and consumer goods industry sub-sector listed on the Indonesian stock exchange for the 2019-2022 period.

Peran Profitabilitas dalam Memediasi Kebijakan Dividen: Studi Kasus pada Jakarta Islamic Indeks 70

This study stems from the phenomenon of investment shifting from the real sector to financial Practice with expectations of obtaining returns in the form of dividend policies. The research examines the impact of Leverage, liquidity and profitability as intermediate variables in dividend policy, for issuers listed in the Jakarta Islamic Index (JII 70). Using several purposive sampling criteria, 25 issuers were selected as research samples. Leverage describes the company's ability to settle obligations with debt; companies with high leverage tend to retain earnings rather than distribute dividends. Liquidity reflects the company's ability to meet short-term obligations; liquid issuers tend to distribute dividends. Profitability, measured through Return on Equity (ROE), is expected to mediate the relationship between leverage and liquidity with dividend policy. According to the Trade-Off Theory, the balance between the use of debt and current assets positively impacts profitability, increasing the likelihood of dividend distribution. The research results show that leverage and liquidity have an adverse impact on dividend policy, with liquidity having a beneficial effect but not contributing to profitability, while leverage negatively affects profitability. Profitability does not significantly mediate the relationship between leverage and liquidity with dividend policy. These findings are important for investors and management in understanding the factors impacting dividend policy decisions in the Sharia capital market.

Inventory Management Practices and Their Impact on Operational Efficiency: A Case Study of MGSSK Sugars Ltd.

In today’s highly competitive business environment, effective inventory management is vital for maintaining operational efficiency and ensuring long-term sustainability. Proper inventory control reduces excess stock and prevents stock outs, leading to cost reduction and improved cash flow. By utilizing precise forecasting and strategic replenishment methods, companies can enhance their adaptability to market changes and sustain a competitive advantage. This research provides a thorough examination of inventory management metrics spanning five years. The primary objective of the study is to evaluate the effectiveness of inventory management. The data was primarily collected from secondary sources, including five years of company inventory records. To analyze the data, the ratio analysis method was applied. The results demonstrate notable improvements in the company’s operational efficiency. Key performance indicators include a steady rise in the inventory turnover ratio and a reduction in average stock levels, showcasing effective inventory control aligned with increasing demand and minimizing surplus stock. Moreover, the study reveals a decreasing trend in inventory as a proportion of current assets, indicating a strategic shift away from relying on inventory for revenue generation. Additionally, variations in raw material values, coupled with consistent material consumption, suggest fluctuations in raw material usage efficiency. Furthermore, the relationship between the raw material turnover ratio and inventory holding period highlights the company’s proficiency in optimizing inventory management. The declining inventory conversion period indicates successful transformation of inventory into sales, boosting cash flow and operational efficiency. This improvement is attributed to advanced forecasting and stock replenishment strategies.

Village Asset Management Innovations Through Application-Based Systems

Background: Effective asset management in rural areas is vital for transparency and accountability in village governance. Specific Background: This study examines the management of village assets through the Village Asset Management System (SIPADES). Knowledge Gap: Despite its implementation, many villages struggle with systematic asset management, raising concerns about regulatory compliance and efficiency. Aims: The research aims to analyze current asset management practices using SIPADES and identify challenges faced by local administrators. Results: Findings reveal that while SIPADES offers a structured framework, issues with data collection and adherence to regulations hinder its effectiveness. Novelty: This study highlights the need for improved training for local operators in digital asset management. Implications: Enhancing administrators' capacity in SIPADES can lead to better asset management outcomes, promoting accountability in rural governance and aligning practices with national regulations, crucial for sustainable development. Highlights : Structured Framework: SIPADES provides a systematic approach to asset management in villages. Training Needs: Enhanced training for local administrators is essential for effective system utilization. Regulatory Alignment: Addressing compliance issues is crucial for promoting accountability and sustainable development. Keywords: asset management, rural governance, SIPADES, regulatory compliance, transparency

Constructing Ubudehe? Farmers’ perceptions of drought impacts and resilience capacities in Bugesera, Rwanda

Purpose This paper analyses Rwandan farmers’ perceptions of historical drivers of landscape vulnerability (past), current livelihood assets (present) and existing or potential capacities (future) to increase resilience to drought. The specific focus is on linking experiences from the past and present with ideas for a drought-resilient future. It explores how farmers' perceptions of past droughts and future visioning can contribute to rural development policy and multi-level collaborations. Design/methodology/approach This study was conducted in Bugesera, a drought-prone district in south-eastern Rwanda. Empirical data was collected through participatory observation, semi-structured interviews and focus groups. The analytical points of departure are based on sustainable landscapes and livelihood approaches, combining spatial and temporal perspectives on challenges and opportunities identified by farmers’ communities in addressing droughts. Findings All respondents had a high awareness of the impact of droughts. Perceived drivers of landscape change include historical climate events, such as droughts and floods, immigration and agricultural expansion, which have led to demographic pressure on land, deforestation and infringement on natural resources. Factors enhancing resilience capacities include access to diversified sources of livelihood, knowledge of appropriate irrigation techniques and availability of safety nets and credits. Furthermore, farmers identified collaborative opportunities as important for resilience capacity, including peer learning, and sharing best practices through knowledge exchange and on-field training. In addition, farmers brought up the need for innovative institutions that can facilitate access to markets and enable collaboration between different agricultural sectors. Originality/value This study analyses farmers’ perceptions of resilience capacities to droughts through a spatiotemporal lens of past droughts, present capital and future challenges by linking scales, knowledge and human–environment nexus. This paper contributes to the knowledge of climate adaptation in Rwanda and to discussions about smallholder farming in the literature on climate change adaptation.

Fuzzy based Decision-Making Algorithm for Solving Big Data Issues in Smart Cities

To better provide urban services and build an increasingly sustainable architecture, big data can be used to make more efficient use of current assets while enhancing the caliber of services offered to local inhabitants. However, there are several challenges to incorporating big data into existing infrastructure. Therefore, this research aims to determine the problems associated with Big Data’s effectiveness in developing intelligent towns and to investigate the connections between those difficulties. The 14 issues with Big Data were found through a literature study, and the precision was checked by feedback from professionals. Next, we employ a combined approach based on fuzzy interpretation, Structured simulation, and the Fuzzy Making Decisions Trial and Assessment Laboratories to decipher the connections between our identified problems incorporating Big Data into the development of smart cities is hampered, as shown by the analysis of links between challenges, primarily by the heterogeneous inhabitants in developed cities and the lack of connectivity. The findings of this study will provide creative city practitioners and policy planners with the information they need to successfully tackle these obstacles, clearing the way for the widespread adoption of smart city technologies. This research is a first step towards creating an interpretive structural model of the difficulties brought on by Big Data in cutting-edge urban planning. The study attempts, in part, to use this paradigm to better understand the relationship among the highlighted issues.

Non-Financial KPIs: The Relationship Between BUMDes Personnel Performance and Financial KPIs

This research aims to examine the influence of BUMDes personnel performance on financial KPIs, with non-financial KPIs serving as a mediator. The sample for this research consists of BUMDes in Bengkulu Province, with a total of 60 observations. The data used is primary data collected through questionnaires. The independent variable is BUMDes personnel performance, which is measured using four indicators: work quality, quantity of work, timeliness of work, and work effectiveness. The mediating variable is the non-financial KPI, measured by three indicators: customer satisfaction metrics, the ratio of repeat customers to new customers, and market share. The dependent variable in this research is the financial KPI, which is measured using three indicators: Gross Profit Margin, Net Profit Margin, and Current Assets. The results prove that: (1) BUMDes personnel performance has a positive and significant effect on financial KPIs; (2) BUMDes personnel performance has a positive and significant effect on non-financial KPIs; (3) financial KPIs have a positive and significant effect on financial KPIs; and (4) non-financial KPIs fully mediate the influence of BUMDes personnel performance on financial KPIs. The findings of this research strengthen stewardship theory and the balanced scorecard approach. Therefore, it is hoped that the follow-up to the results of this research will provide important insights for BUMDes managers in Bengkulu Province in designing strategies to improve organizational performance.

Implementation of Raita Algorithm in Manado-Indonesia Translation Application with Text Suggestion Using Levenshtein Distance Algorithm

Abstract. Manado City is one of the multidimensional and multicultural cities, possessing assets that are considered highly potential for development into tourism and development attractions. The current tourism assets being developed by the Manado City government are cultural tourism, as they hold a charm and allure for tourists. Hence, a communication tool in the form of a translation application is necessary for facilitating communication between visiting tourists and the native community of North Sulawesi, even for newcomers who intend to reside in North Sulawesi, given that the Manado language serves as the primary communication tool within the community. This research employs a combination of the Raita algorithm and the Levenshtein distance algorithm in its creation process, along with the confusion matrix method to calculate the accuracy of translation results using the Levenshtein distance algorithm with a text suggestion feature. The research begins by collecting a dataset consisting of Manado language vocabulary and their translations in Indonesia language, sourced from literature studies and original respondents from North Sulawesi, which have been validated by a validator to prevent translation data errors. The subsequent stage involves preprocessing the dataset, converting the entire content of the dataset to lowercase using the case folding process, and removing spaces at the start and end of texts using the trim function. Next, both algorithms are implemented, with the Raita algorithm serving for translation and the Levenshtein distance algorithm providing text suggestions for typing errors during the translation process. The accuracy results derived from the confusion matrix calculations during the translation process of 100 vocabulary words, accounting for typing errors, indicate that the Levenshtein distance algorithm is capable of effectively translating vocabulary accurately and correctly, even in the presence of typing errors, resulting in a high accuracy rate of 94,17%. Purpose: To determine the implementation of the Levenshtein distance and Raita algorithms in the process of using the Manado-Indonesian translation application, as well as the resulting accuracy level. Methods/Study design/approach: In this study, a combination of the Raita and Levenshtein distance algorithms is utilized in the translation application system, along with the confusion matrix method to calculate accuracy. Result/Findings: The accuracy achieved in the translation process using text suggestions from the Levenshtein distance algorithm is 94.17%. Novelty/Originality/Value: This research demonstrates that the combination of the Raita and Levenshtein distance algorithms yields optimal results in the vocabulary translation process and provides accurate outcomes from the use of effective text suggestions. This is attributed to the fact that nearly all the data used was successfully translated by the system, even in the presence of typographical errors.

Impacts of Inventory Management Factors on Inventory Performance Measures: The Sri Lankan Wholesale Sector

Inventory management is a crucial component of sustainability, enabling companies to reduce expenses, enhance cash flow, and increase profitability. Inventory makes up a majority of current assets in the wholesale sector, where inefficiencies are bound to happen, given the large-scale inventory. This research focuses on identifying the factors and performance measures of inventory management and evaluating their interrelationships focusing on the Sri Lankan wholesale sector. The factors identified through a systematic review and industry experts’ interviews were then categorized into key areas with a thematic analysis. The 22 factors identified were grouped into the categories of organization, facilities and equipment, and processes and practices. The 24 performance measures were grouped into operational, customer satisfaction, and environmental categories. A questionnaire survey was conducted with 126 managerial-level employees of wholesale organisations. The partial least squares structural equation modelling (PLS-SEM) method is used to validate the relationship between the variables and the moderation effect of firm size on these relationships. The findings reflect that factors of organisation and facilities and equipment, influence the performance measures. Organisational factors were the most significant in influencing all three performance categories. For most relationships, the firm size did not have a moderation effect. This research assists wholesale businesses in achieving excellence and a competitive edge in the Sri Lankan market while finding answers to the ongoing business issues in the wholesale sector.

Relationship between return on invested capital and market value of oil and gas companies

Subject. The article addresses approaches and methods to calculate the rate of return (profitability) on invested capital of oil and gas companies based on financial statements, taking into account the stock market conditions. Objectives. The study aims at reconciliation (elimination of gaps) of market value indicators and financial indicators of oil and gas companies, using the economic value added model. Methods. We apply methods of forecasting, financial and factor analysis, and statistical methods on the basis of financial statements figures of the studied companies. Results. We analyzed the dynamics of profitability indicators and cost of invested capital for oil and gas companies in comparison with their market capitalization for 2015–2022, identified key factors influencing changes in ROIC, offered an adjusted approach to calculating the indicator, including the initial cost of invested capital. We tested the methodology and provided explanation of its practical significance, using the case of historical financial data and market capitalization of ExxonMobil. Conclusions. The study enabled to confirm the hypothesis that it is necessary to calculate the cost of fixed assets by the amount of total actual investments, net of accumulated revaluations to calculate the return on invested capital. In the numerator of the formula for this indicator, it is advisable to use profit before interest expenses, depreciation, income tax, and exploration, less investments to maintain current assets, and in the denominator – invested capital net of cash, current and non-current non-debt liabilities.

Logistics optimization and inventory control in Peruvian grocery companies

The company being analyzed, which specializes in selling groceries, faces significant challenges in its logistics management. Lack of supply chain visibility prevents informed inventory decisions, resulting in product overages or shortages. Supply chain delays affect profitability, and inaccurate demand planning generates additional costs and financial losses. This study, which is relevant to the Sustainable Development Goals, mainly in combating poverty through the economic success of SMEs, evaluates the effectiveness of logistics management in inventory control. The results show an increase in ending inventory by 105.12% and a decrease in inventory turnover by 29.29%, suggesting a strategic accumulation of stock. In addition, an improvement in the company's liquidity was observed, with an increase in total current assets by 107.66% and a financial restructuring oriented towards expansion projects. These findings underscore efficient logistics management's importance in optimizing resources and improving customer satisfaction. Future research should focus on the integration of advanced technologies and the implementation of sustainable financing strategies to further improve operational efficiency and profitability.