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Zakaria Hamzah, Zeze
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ANALISIS FINANCIAL DISTRESS MENGGUNAKAN MODEL ALTMAN Z -SCORE DAN SPRINGATE PT BINAKARYA JAYA ABADI, Tbk PERIODE 2016-2020 Zakaria Hamzah, Zeze; Fitriyani; Muhlis; Satria Rukmana, Heru; Muchammad Hamdani
Economicus Vol. 17 No. 2 (2023): DESEMBER
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v17i2.370

Abstract

This research is about financial distress analysis using the Altman Z Score and Springate models to predict financial distress in property companies, especially PT Binakarya Jaya Abadi, Tbk for the 2016-2020 period. The results of this analysis are two results obtained from the Altman Z modelScore and Springate. The results of the prediction of financial distress are for the Altman Z-Score model in 2016 to obtain a ratio of 2.7470 indicating a prediction of not going bankrupt, in 2017 obtaining a ratio of 3.8066 indicating a prediction of not going bankrupt, in 2018 obtaining a ratio of 3.5711 indicating prediction of not going bankrupt, in 2019 obtaining a ratio of 3.2854 indicating a prediction of not going bankrupt and in 2020 obtaining a ratio of 0.6885 indicating a prediction of bankruptcy. Whereas for the Springate model in 2016 it obtained a ratio of 0.3999 indicating a prediction of bankruptcy, in 2017 it obtained a ratio of 0.5862 indicating a prediction of bankruptcy, in 2018 it obtained a ratio of 0.5526 indicating a prediction of bankruptcy, in 2019 it obtained a ratio of 0 .4408 indicates a prediction of bankruptcy and in 2020 obtains a ratio of 0.0292 indicating a prediction of bankruptcy.
ANALISIS RASIO LIKUIDITAS, RENTABILITAS DAN SOLVABILITAS UNTUK MENILAI KINERJA KEUANGAN PT BAKRIE SUMATERA PLANTATIONS, Tbk Zakaria Hamzah, Zeze; Nurjanah, Resti
Economicus Vol. 12 No. 2 (2018): DESEMBER
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v12i2.156

Abstract

The purpose of this study was to determine the financial performance of PT Bakrie Sumatera Plantations, Tbk based on the Liquidity, Rentability and Solvability Ratios for the period 2012-2016. This type of research is quantitative descriptive using secondary data. This research was conducted by tracking data on the Indonesia Stock Exchange (IDX). The object of this research is the financial statements of PT Bakrie Sumatera Plantations, Tbk. The results showed that Financial Performance based on liquidity ratios, Current Ratio decreased from 1.26 to 0.09, Cash Ratio decreased from 0.040 to 0.006 and Quick Ratio decreased from 1.18 to 0.09. Based on the profitability ratio, the condition of the company is in a bad condition, because Gross Profit Margin has decreased by 0.30 to 0.25 and the Net profit margin has suffered losses from -0.38 to -0.52. Likewise based on solvency ratio, in a bad condition because Debt to Equity Ratio has increased from 0.58 to 0.92 and the value of Debt to Total Assets Ratio is higher than 1.4 to 11.27.
ANALISIS TINGKAT KESEHATAN BANK PADA PT BANK MUAMALAT INDONESIA, Tbk DENGAN MENGGUNAKAN METODE RGEC (RISK PROFILE, GOOD CORPORATE GOVERNANCE, EARNING & CAPITAL) PERIODE 2013 - 2017 Zakaria Hamzah, Zeze; Anggraini, Dewi
Economicus Vol. 13 No. 1 (2019): JUNI
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v13i1.164

Abstract

This study aims to determine the health level of Bank Muamalat in 2013-2017 in terms of aspects of Risk Profile, Good Corporate Governance, Earning & Capital. The data analysis technique used is the analysis of the soundness of the bank. The results of the study showed that during 2013-2017: (1) the Aspects of Risk Profile in NPF in 2013 were in the very healthy predicate, in 2014-2015 in the predicate of being quite healthy, in 2016-2017 in the predicate of health. FDR in 2013, 2014, 2015, 2016 and 2017 respectively in the title is quite healthy, healthy, quite healthy, quite healthy and healthy. (2) GCG aspects during 2013-2017 ranked 1 in very good condition, ranked 3 quite well, ranked 3 quite well, ranked 2 good and ranked 3 quite well. (3) Earning aspects of the 2013 ROA indicator are healthy, 2014-2017 are in a less healthy condition. ROE in 2013 was in a fairly healthy condition, 2014-2017 was in an unhealthy condition and BOPO in 2013 was quite healthy, 2014-2017 was in an unhealthy condition (4) Capital aspect with CAR value in 2013-2017 was in a very bad condition healthy. (5) The overall aspect of RGEC is in a less healthy condition with a composite rating of 4.
PENGARUH PENGELOLAAN MODAL KERJA TERHADAP TINGKAT PROFITABILITAS (ROA) PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI PERIODE TAHUN 2013-2017 Zakaria Hamzah, Zeze; Ayu Anggitya Rahma , Dian
Economicus Vol. 13 No. 2 (2019): DESEMBER
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v13i2.173

Abstract

The purpose of this research is capital investment in food and beverage companies listed on the Indonesia Stock Exchange in the period 2013-2017. The type of data used in research is quantitative causality. Data samples were taken using purposive sampling method. The results of this study indicate that working capital variables consisting of current ratio, accounts receivable turnover, preparation turnover and simultaneous working capital turnover (together) are significantly related to profitability (ROA). With a partial ratio (ROA) with a sig value of 0.045 <0.05 and a value of t arithmetic 2.097> 2.042 and accounts receivable turnover (ROA) with a sig value of 0.013 <0.05 and a t value of 2.634> 2.042. Inventory turnover and working capital do not affect profitability (ROA). Then from the results of the Beta Standard Coefficient shows the most dominant variable is the current ratio with a value of 0.468. From the regression results in this study the influence of the independent variables amounted to 32.7% while the remaining 67.3% was needed by other factors outside this study.
ANALISIS KINERJA KEUANGAN PT WIJAYA KARYA BETON, Tbk SEBELUM DAN SESUDAH INITIAL PUBLIC OFFERING (IPO) TAHUN 2014 Zakaria Hamzah, Zeze; Sumiati, Suci
Economicus Vol. 14 No. 1 (2020): JUNI
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v14i1.179

Abstract

The oretically the IPO decision gained a big influence in improving the company's condition and improving financial performance. The purpose of this study was to determine the level of financial health. PT Wijaya Karya Beton, Tbk before and after the IPO was measured using a financial ratio and assessed based on the Minister of BUMN Decree No. KEP-100 / MBU /2002. The results of this study are, measured by indicators of ROE ratio, ROI, collection periods and total asset turnover, it can be said that the IPO phenomenon does not have a sufficiently good impact on the financial performance of PT Wijaya Karya Beton, Tbk. While in the period after the IPO it can be said that the phenomenon of the IPO has a good impact on the financial performance of PT Wijaya Karya Beton, Tbk if measured by indicators of the ratio of cash ratios, current ratios, inventory turnover and TMS to TA. Based on BUMIN Ministerial Decree No. KEP-100 / MBU / 2002 on the financial aspects of PT Wijaya Karya Beton, Tbk, the soundness of financial performance in the period before and after the IPO can be said to be healthy with the same assessment of A. But when viewed from the total average weighted assessment, in the period before the IPO the value was better at 55.25 compared to the total average weighted valuation after the IPO period which was 51.16.
ANALISIS KINERJA KEUANGAN DENGAN PENDEKATAN METODE ECONOMIC VALUE ADDED (EVA) PADA PT. BLUE BIRD Tbk PERIODE 2014-2018 Zakaria Hamzah, Zeze; Awaliyah, Sarah
Economicus Vol. 14 No. 2 (2020): DESEMBER
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v14i2.193

Abstract

This study aims to determine the financial performance of PT. Blue Bird Tbk was examined based on analysis using the Economic Value Added (EVA) method during the 2014 – 2018 period. A quantitative approach was used and the study population is also a sample of research is the financial statements of the last five years (2014-2018). Data collection is done by taking documentation from the official website and then analyzed using the EVA method which consists of NOPAT analysis, Invested Capital, WACC, Capital Charges. The results showed that Economic Value Added (EVA) at PT. Blue Bird Tbk in the 2014-2018 period got EVA value < 0 meaning that the company could not create economic value added. This happened because the level of capital costs is higher than the rate of return on operating profits of the company due to new competitors in the form of online transportation.
PENGARUH JUMLAH PENDUDUK, INVESTASI DAN PAJAK DAERAH TERHADAP PENDAPATAN ASLI DAERAH KABUPATEN BOGOR PERIODE 2016-2019 Zakaria Hamzah, Zeze; Siti Anggraeni, Nida
Economicus Vol. 15 No. 2 (2021): DESEMBER
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v15i2.248

Abstract

The population continues to increase but the percentage increase in regional original income that tends to decrease is certainly a concern for researchers. The purpose of this study was to determine the effect of population, investment, and local tax revenue together on Regional Original Income in Bogor Regency for the period 2016-2019. The results showed 1. The results of the test t prove that the total population does not have a positive and significant effect on Regional Original Income in the Regional Government of Bogor Regency, this is evidenced by the t value of -0.572 <t table 2.718 and the significance value of 0.578> 0 , 05. 2. The results of the test partially prove that partially the investment does not have a positive and significant effect on Regional Original Income in the Regional Government of Bogor Regency. This is evidenced by the t value -0.733 <t table 2.718 and the significance value 0.477> 0.05. 3. The test results simultaneously prove that together the independent variables consisting of total population, investment, and local taxes simultaneously had a positive and significant effect on Regional Original Income in Bogor Regency.
PREDIKSI FINANCIAL DISTRESS DENGAN MENGGUNAKAN METODE ALTMAN Z”-SCORE, SPRINGATE, DAN ZMIJEWSKI PADA PT MATAHARI DEPARTMENT STORE TBK PERIODE 2018-2020 Zakaria Hamzah, Zeze; Ari Putri, Retnadinda; Herlina, Erna
Economicus Vol. 16 No. 1 (2022): JUNI
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v16i1.276

Abstract

Financial Distress is a condition where the company’s finances are experiencing financial difficulties and are unable to meet various obligants (Hutabarat, 2021:27). This study aims to determine the level of corporate bankruptcy using the Altman Z”-score, Springate, and Zmijewski method analysisat PT Matahari Department Store Periode 2018-2020. From the result of these studies and measurements, it can be concluded that both of them predict PT Matahari Department Store as a compamy that is categorized as healthy in 2018 and 2019, and categorized as high risk of bankruptcy in 2020. Cause PT Matahari Department Store is categorized as a company those who are at high risk of going bankrupt are because of the pandemic Covid-19and the enactment of the PSBB policy so that it has an impact on a very dractic decline in the level of sales in 2020 as well as permanentand temporary store closures.
PENGARUH RASIO KEUANGAN TERHADAP NILAI PERUSAHAAN (Pada Perusahaan Sektor Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2020) Satria Rukmana, Heru; ., Muhlis; Zakaria Hamzah, Zeze; Apriyanti, Annisa
Economicus Vol. 16 No. 2 (2022): DESEMBER
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v16i2.298

Abstract

This research was conducted to determine the effect of financial ratios on firm value. The variables in this study consisted of independent variables, namely the current ratio, debt to equity ratio, return on assets, and total asset turnover, while the dependent variable was the value of the food and beverage sector companies listed on the Indonesia Stock Exchange. The population in this study were all food and beverage sector companies listed on the Indonesia Stock Exchange during the 2015-2020 period. The sample selection used purposive sampling technique. The number of samples obtained as many as 10 companies. The data were analyzed by multiple linear regression method. The results of this study are the disclosure of the effect of current assets, debt to equity ratio, return on assets, and total asset turnover on firm value. significance 0.386 so that Ha1 is rejected; the variable debt to equity ratio (DER) has a positive and significant effect on firm value, as evidenced by the t-count result of 10,427 and a significance of significant effect on firm value, as evidenced by the t-count result of 2.782 with a significance of 0.007 so that Ha2 is accepted; the return on assets (ROA) variable has a positive and 0.000 so that Ha3 is accepted; The total asset turnover variable has a negative and significant effect as evidenced by the t-count result -2.091 with a significance of 0.041 so that Ha4 is rejected.
ANALISIS KINERJA KEUANGAN PT ASURANSI BINA DANA ARTA (ABDA) TBK SEBELUM, MASA TRANSISI, DAN SETELAH ADANYA BPJS KESEHATAN PERIODE 2010-2019 Zakaria Hamzah, Zeze; Osta Nababan, Benny; Satria Rukmana, Heru; Nur Fatimah, Siti
Economicus Vol. 16 No. 2 (2022): DESEMBER
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v16i2.301

Abstract

ABSTRACT This study aims to determine whether there are differences in the financial performance of the company PT Asuransi Bina Dana Arta (ABDA) before (2010-2013 period), during the transition period (2014-2015 period), and after (2016-2019 period) the implementation of BPJS Kesehatan. The analysis technique used is Financial Ratio Analysis and Trend Analysis. This study uses a type of comparative research with a quantitative approach, using data collection techniques through documentation and literature study. The location of this research is by means of a desk study using data published on the Indonesia Stock Exchange (IDX) through www.idx.co.id, the company's official website www.abdainsurance.co.id and www.bpjs-kesehatan.go.id. While the time of this research starts from February 2021 to October 2021. The results showed that PT Asuransi Bina Dana Arta (ABDA) Tbk when viewed from the analysis of Liquidity showed a stable condition, Solvency improved, but from the analysis of Activity and Profitability showed a decrease. So it can be concluded that the trend that occurred after the BPJS Health showed a trend line that experienced more decline. To improve and maintain its existence, PT Asuransi Bina Dana Arta (ABDA) Tbk can provide benefits in the form of more facilities to its participants that cannot be obtained from BPJS Health, or collaborate with BPJS Health to implement the COB (Coordination Of Benefit) principle.
Co-Authors ., Muhlis Adyas, Dasmansyah Apriyanti, Annisa Ari Putri, Retnadinda Awaliyah, Sarah Ayu Anggitya Rahma , Dian Benny Osta Nababan Choerunisa, Anisa Dewi Anggraini Dyanti Sitinjak, Monica Fitriyani Herlina, Erna Heru Satria Rukmana Muchammad Hamdani Muhlis Muhtadi Nugroho Nur Fatimah, Siti Nurjanah, Resti Siti Anggraeni, Nida Sumiati, Suci