ANALISIS SISTEM TIME CHARTER DAN FREIGHT CHARTER  ATAS REVENUE TERHADAP OPERATING PROFFIT MARGIN DENGAN OPERATIONAL COST SEBAGAI MEDIASI PADA PT. BINTANG SAMUDERA  MANDIRI LINES Tbk

Arifah Ahsani Taqwim; Nofrisel Nofrisel; M. Iqbal Firdaus; Sandriana Marina; Dian Artanti Arubusman

Authors

Arifah Ahsani Taqwim Trisakti Institute of Transportation & Logistics, Jakarta, Indonesia
Nofrisel Nofrisel Trisakti Institute of Transportation & Logistics, Jakarta, Indonesia
M. Iqbal Firdaus Trisakti Institute of Transportation & Logistics, Jakarta, Indonesia
Sandriana Marina Trisakti Institute of Transportation & Logistics, Jakarta, Indonesia
Dian Artanti Arubusman Trisakti Institute of Transportation & Logistics, Jakarta, Indonesia

Keywords:

Revenue, Operational Cost, Operating Profit Margin, Time Charter With Freight Charter, Shipping line

Abstract

This study aims to determine the effect of revenue on Operating Profit Margin with Operational Cost as a mediator through the time charter and freight charter systems at PT. Bintang Samudera Mandiri Lines Tbk (BSML). The research method used is quantitative and associated with the company's secondary data. The study population includes Revenue Time Charter, Freight Charter, Operational Cost, and Operating Profit Margin at PT. Bintang Samudera Mandiri Lines Tbk from 2020. The sample consists of monthly data from January 2020 to December 2022, with 36 samples from 5 company vessels. The path analysis method is used with the help of SPSS Ver. 26 software. The study results show a positive and significant effect between Revenue and Operational Cost on the Time Charter and Freight Charter systems. Revenue also has a positive and significant effect on Operating Profit Margin in both systems. However, Operational Cost only has a positive and significant effect on Operating Profit Margin in the Freight Charter system. Indirectly, Revenue through Operational Cost affects the Operating Profit Margin in the Freight Charter system, but not in the Time Charter system. There is a significant difference between Revenue, Operational Cost, and Operating Profit Margin generated by the two systems at PT. Bintang Samudera Mandiri Lines Tbk. With the implication that the company must ensure that the increase in revenue is followed by operational cost efficiency by the company's management.

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