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Journal : Dinasti International Journal of Economics, Finance

Unraveling the Impact of Covid-19: Financial Distress and Resilience in Indonesian Retail Giants I Ketut Mangku; Andika, Andika; Nadia; Melli Agustiani
Dinasti International Journal of Economics, Finance & Accounting Vol. 4 No. 3 (2023): Dinasti International Journal of Economics, Finance & Accounting (July - August
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v4i3.1978

Abstract

This study aims to analyze whether PT. Matahari Department Store Tbk, PT. Hero Supermarket Tbk, PT. MAP Active Adiperkasa Tbk, and PT. Erajaya Swasembada Tbk experienced financial distress during the 2019-2021 period. The sample of these four companies was selected using purposive sampling. Data analysis using the Altman Z-score method. It was found that two companies, PT. Hero Supermarket Tbk in 2019 and 2020, with Z-scores of 2.9510 and 2.5147, and PT. Matahari Department Store Tbk in 2020-2021 with Z-scores of 2.1954 and 2.6608 are in the gray area. Between the two companies, PT. Hero Supermarket Tbk is facing financial distress in 2021 with a Z-score of 0.9288. PT. MAP Active Adiperkasa Tbk and PT. Erajaya Swasembada Tbk, is in healthy financial condition, because their Z-score is greater than 2.88. In conclusion, this study is an important financial health analysis conducted for companies operating in the Supermarket & Convenience Store, Clothing & Textile Retail, and Electronic Retail industries. The Altman Z-score has proven to be a valuable tool in identifying the risk of financial distress
Co-Authors A. S. , Vania Dwi AA Sudharmawan, AA Aang Praboyo Abdul Muktadir, Abdul Abdul Syahid Abdurahman Abdurrahman Adelia Rohaeni Ahmad Zakiy Amalia Sholeha, Novia Andalusi, Ratih ANDIKA Andika Andika Andri Soemitra Anggi Anisa Annisa Raudhatul Jannah Assilah, Qonita Aynda, Gina Bilondatu, Muh. Nabiel Della Nanda Luthfiana Deswati Dexa Egi Nassandi Diah Ayu Pratiwi Dwi Hilda Putri Emanuel, Natalis Eni Andari Estevina Carolina Bagre Evi Suryawati Fadila, Kirani Agustin Fadilasari Fadlan Hawari Fachrully Faisal Abdillah Fajarriny, Erri Fandi Nugroho Fathuna, Aziz Febrina Dafit, Febrina Fikri Fadillah, Muhammad Firdaus Fredian, Dede Ghina Tripasha Hairulaila Handika, Agip Haryan Adi Rogo, Ben Haryo Bagus Panuntun Hasyim Hendro Prabowo Herliana Firera Hermanto, Winda Heru Sutejo Husnani, Husnani I Ketut Mangku ibi, Nur Afni oktavia Ihsan Ikrimah Indah Eka Sasfitri Iriani Ismail Iskandar Muda Islamiyah Isni Hijriana Jamilah, Nur Jasukron, Dondi Juarna, Erna Juliani Kambu, Victor Kamila, Vina Zahrotun Khairunissa Aura Fatimah Khairunnisa Linda Advinda Luciana Luthfi Az Zahra Luthfiyah Zahra, Khaneisya Mahargyantari Purwani Dewi Mahargyantari Purwani Dewi Mangku, I Ketut Mariani Natalina Matruty, Desiana Melli Agustiani Merdekawati, Dewi Meri Enita Puspita Sari Mila Ambar Sari Miniharianti Moralita Chatri Muhammad Fakhruddin Muhammad Nur Fauji Aqil Muminah, Afifah Nadia Karisma Nafisatul Ilim Nanda Luthfiana, Della Nasruddin Syam Nazri Nazwa Azzahra Siregar Nuning Nuraini Nur Aini Nur Atya Nursamsu, Aco Nurul Wardani Lubis Pangestu, Bagus Paranggi, Salma Parmadi, Bambang Pasiningsih Pijar Mentari, Dian Purnama, Ari Putri Aulia Putri Dewintari Rahman Rahman Ramadhani, Azmi Ratu Shania Nadzjwa Sasabila Ratu Shania Nazjwa Salsabilla Regina Rachma Agnia Rena Apriana Rhaima Putri, Tyara Rika Sabri Rindiani Risdayanti Rizqina, Sila Rosalina, Asri Sahrain Bumulo Saputra, Nugia Sari, Nadia Setyadi, Hario Jati Siboro, Maria Lestari Sidiq Suryakusuma, Rahmat Solihin , Muhammad Solly Aryza Sukandar, Kamal Khairudin Suleman, Zein Suratno Susanti, Widya Tay, Chai Jian Tiara Nur Anisah Ulpia Rahim Unawekla, Stevanny Debby Wahidanur Wahyudi, A. Rofiqi Wardhana, Reza Widya Ningsih, Aliftianna Yantoro Yatin Mulyono Yehuda, David Yonrizal Nurdin Yuca HR, Mega Yusrizal Yusrizal Zahara, Zulfa Zikra Supri Zikri, Afdol Zumyati