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ANALYSIS OF FINANCIAL DISTRESS USING THE ZMIJEWSKI (X-SCORE) METHOD Yanti, Novi; Aminda, Renea Shinta; Yudhawati, Diah
Manager : Jurnal Ilmu Manajemen Vol. 6 No. 4 (2023): Manager : Jurnal Ilmu Manajemen
Publisher : Universitas Ibn Khaldun Bogor

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Abstract

The purpose of this study was to analyze the financial distress of plantation sub-sector companies using the Zmijewski method (X-Score) and to determine the level of accuracy and type of error of the three methods. The population in this study are 19 companies. Then, the samples in this study were obtained using a purposive sampling technique of 44 samples from 11 plantation sub-sector companies listed on the Indonesia Stock Exchange in 2018-2021. The data source used in this study uses secondary data in the form of company financial reports from the official website of the Indonesia Stock Exchange and the websites of each company. The analysis technique used is a quantitative descriptive analysis technique using financial ratios from the Zmijewski method. The results of this study indicate that the Zmijewski method has an accuracy rate of 36%. Two companies experiencing financial distress PT. Jaya Agra Wattie Tbk and PT. Eagle High Plantations Tbk.
ANALYSIS OF THE OPTIMAL PORTFOLIO OF THE SINGLE INDEX MODEL ON BANKING SUBSECTOR STOCKS IN THE LQ45 INDEX AT THE BEI FOR THE 2019-2024 PERIOD Fahrudin, Alya Septiya; Aminda, Renea Shinta; Hurriyaturrohman
Manager : Jurnal Ilmu Manajemen Vol. 8 No. 3 (2025): Manager : Jurnal Ilmu Manajemen
Publisher : Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/managerjurnalilmumanajemen.v8i3.1647

Abstract

This investigation seeks to identify the optimal portfolio, measure the potential return and risk of stocks, and determine the appropriate fund allocation proportions for Subsection of the banking sector stocks Belonging to the LQ45 Index. The research employs the Single Index Model, which assumes that security returns move in correlation with the market index. A purposive sampling method was used to select the research samples. As a result, five companies were included in the analysis: PT Bank Negara Indonesia (Persero) Tbk (BBNI), PT Bank Central Asia Tbk (BBCA), PT Bank Tabungan Negara (Persero) Tbk (BBTN), PT Bank Mandiri (Persero) Tbk (BMRI), and PT Bank Rakyat Indonesia (Persero) Tbk (BBRI). Of these, only three stocks BBCA, BMRI, and BBNI qualified for inclusion in the optimal portfolio. The highest fund allocation was given to BBCA at 78%, followed by BMRI at 21%, and BBNI with the smallest proportion at 1%. The expected return of the constructed portfolio is 0.00900, with a corresponding risk level of 0.0563.
Co-Authors ., Supriana Abdul Karim Halim Adji, Muhammad Irvansyah Putra Adnania, Siti Zaenab Agung Sri Hendarsa Agung Sri Hendarsa, Agung Sri Agung Wibowo Agustin Tangahu, Yola Trie Ahmad Juwaini Alfitrah, Muhammad Firzy Amelia, Anggi Aminda, Annisa Amintara, Danendra Nadhif Amir Tengku Ramly Ana Fauziah Andini Fajriani Angga Prasetia ANI SAFITRI Anita Lestari, Puri Anuraga Kusumah Apriani, Lia Arfa Maynanda Ariani, Maria Bernadette Nani Arizal Tursina Arsyad, Bintang Khaidir Arsyianti, Dwi Asri Masitha Arsyati Asri, Nani Atikah, Raden Muhammad Jiddan Aziz AYU NINGSIH Aziz, Muhammad Jiddan Azzahra, Ananda Puteri Bahagia Bahagia Bimo Wicaksono Bintang Timur Budi Susetyo Budiman Budiman Caesarani, Vernanda Chaeriyah, Iqra Damanik, Michael Armando Darmawan, Ahmad Darwis Sunandar Denia Maulani Desmintari Devi Yuliana Putri Dhita Maulia Diah Yudhawati Dwi Saputri, Dinda Dwi Yanti, Ana Effi Indriana Eka Yulia Eka Yulia Ningsih Erwin Mulyana, Erwin Eva Ervani Evi Rahmawati Evi Rahmawati F, M. Rifqiyansyah Fadhila, Muhammad Nauval Fahriza, Dian Fahrudin, Alya Septiya Fajar, Ibrahim Fathiy, Kamiliya Fatikasari, Cindy Ida Ayu Febrianti, Ita Dwi Fissamawaty, Fitria Fitri Hastuti Fitriani, Melinda Gemy Ghethan Ghaisani, Fildjah Najibah Hafidah Laila Haldiana, Haldiana Handayani, Tias Hanifah, Fadya Nur Hanifan, M. Zakie Hartanti Nugrahaningsih Hasyim Mulya Abdillah Hendri Tanjung Herniawati, Herniawati Hidayah, Wafa Humaira, Zahra Hurriyaturrohman Hurriyaturrohman Imas Nurhayati Indapurnahayu Indapurnahayu Indu Purnahayu Indupurnahayu Isbaya Isbaya Isbaya, Isbaya Ismail, Gunawan Isman, Raden Panji Mochamad Ageng Ita Dwi Febrianti Jani Subakti Jani Subakti Jiddan Aziz, Raden Muhammad Julianti, Anisa Kartika Rinda, Rachmatullaily Kayla Suci Dinanty Kholik, Muhammad Imam Akbar Kurniasih, Dina Laila, Hafidah Laily Dwi Arsyianti Leandra Damiana, Salma Lestari, Dini Egi Lisa Laelatul Amalia Lutfi, Lutfi Padhil Luthfah, Nur Azizah Lysandra, Shanti M. Zakie Hanifan Maftukha, Maidatun Mahmud, Khalisah Surend Maida Ayu Putri Maidatun Maftukha Maidatun Maftukha Maljalubna Maryam Nisrina Rush Maria Bernadette Nani Ariani Marlina, Asti Maulana, Lucky Hikmat Mawarti, Citra Meliana Kumalasari Melly Supiyati Mohamad Nurul Fiqih Muhamad Rizki Muhammad Nur Rizqi Mutiara Dewi, Anissa Nada Ilmanna Fiah Nadja Keona Azalia Nani , Maria Bernadette Natasha, Vanesza Neli Paujiah Niar Yuniarsih Ningrum, Almyanti Novi Yanti Novita Ika Dyamayanti Novita Sari Nunuk Triwahyuningtyas Nunuk Triwahyuningtyas Nur Arifah Nurhayati, Immas Nurinsan, Nurinsan Nurmala Sari Nury Effendi Nyai Ida Ayu Diah Pamungkas, Ananda Putri Permana, Arisandi Anwar Prabowo, Raynaldy Budhy Pratama, Erik Pratama, Fariz Asmi Pratiwi Sulistyowati Priyadi, Wisia Joko Priyanti, Asti Purnahayu, Indu Putri, Mahrani Qausar, Najasyi Rachmadi, Deddy Rachmatullaily Tinakartika Rinda Raden Hurryaturohman Raden Hurryaturohman Raden Muhammad Jiddan Aziz Radian Putra Utama Rafa Azzahra Rahayu, Renny Rahma, Sukma Laksita Rahmadhanti, Firdha Rasiman Rasiman Ratu Andhita Trihadiyanti Reggina Firgie Natasya Retno Wulandari Retno Wulandari Rhendy Akhmad Firdaus Riny Kusumawati Risca Irawan Risma Khairunnisa Riviega Rosihan Rohiman Atja Rulhendri Rulhendri Samuel Sapulette, Militcyano Sandy, Awang Muhamad Sapulette, Militcyano Samuel Saputra, Muhammad Meigie Sari, Dewi Mesta Sari, Hasna`u Mayang Sekar Arum, Naafi’ Setyawan, Widyatmanto Siti Rossy Aida Soejarwati Soejarwati Soejarwati Soejarwati Sofianti, Evin Suci, Jesica Putri Bulan Suganda, Tri Rizki Handayani Sugianto Sugianto Sugianto Sugianto Sugianto Sugianto Sunariman, Indupurnahayu Sundara, Revan Julian Supramono Supramono Supramono Surend Mahmud, Khalishah Susilo Nugroho Susilo Nugroho Syaefurrahman An Nidzomi Syahrum Agung Syaiful . Syaiful Syaiful Syamsiar, Syamsiar Syarif, Usman Tariza Ramadanti Taryani, Heni Tika Hafzara Siregar tinakartika rinda, rachmatullaily Titing Suharti Tjahjo Tri Hartono Trisniani, Sherafima Triwahyuningtyas, Nunuk Vannesia, Tasya Vannezia, Tasya Vera Intanie Dewi Wardhania, Rani Wicaksono, Bimo Widhi Ariyo Bimo Widodo, Matheus Ricardo Cahyo Yanti, Ana Dwi Yuggo Afrianto Yuli Rohmalia Yuliasari, Rahma Yuniarsih, Niar Yuningsih, Ayu Yusman Syaukat Zayda Sulistia Ningrum Zein, Anggi Muskita Zidan, Ibnu Zulaikha, Aidha