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ANALYSIS OF FINANCIAL DISTRESS USING THE ALTMAN Z-SCORE AND TAFFLER METHODS IN CEMENT SUBSECTOR MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2018-2021 Anwar; Puspita K, Armita; Muh. Ichwan Musa; Romansyah Sahabuddin; Anwar Ramli
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 3 No. 3 (2023): June
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijebas.v3i3.903

Abstract

This research aims todetermine the potential for Financial Distress in cement manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2021 period. The equation model used is the Altman Z-Score and the Taffler model. The data collection technique used is the documentation method with quantitative descriptive research data types. The results of the study show that cement sub-sector manufacturing companies for the 2018-2021 period have varied analysis results depending on the type of model implementation used. Companies that are in a healthy condition (safe area) for the two equation models are INTP in 2018-2021, and SMBR in 2018 for the Altman Z-Score model, while the SMGR Taffler model in 2018 is in a healthy condition (safe area). SMGR 2018-2020, WSBP 2018-2019, WTON 2018, and SMBR for 2020-2021 is in a gray area position for the Altman Z-Score equation model. While in the taffler model, companies that are in a gray area position are SMGR in 2019-2021, SMCB 2019-2020, WSBP in 2021, and SMBR in 2018 and 2021. Meanwhile companies that are in a bankrupt position are SMGR in 2021, SMCB in 2018- 2021, 2019-2020 WSBP, 2019-2021 WTON and 2019 SMBR for the Altman Z-Score model. In the taffler model, bankrupt companies are 2018 and 2021 SMCB, 2020 WSBP, and 2019-2020 SMBR. 2019-2020 WSBP, 2019-2021 WTON and 2019 SMBR for the Altman Z-Score model. In the taffler model, bankrupt companies are 2018 and 2021 SMCB, 2020 WSBP, and 2019-2020 SMBR. 2019-2020 WSBP, 2019-2021 WTON and 2019 SMBR for the Altman Z-Score model. In the taffler model, bankrupt companies are 2018 and 2021 SMCB, 2020 WSBP, and 2019-2020 SMBR
Co-Authors -, Mutiara Suci Ramadhani A. Nur Azilah Abadi, Rahmat Riwayat Abdi Akbar Idris Abdul Rahman Achmad Hamka Hamid Agung Widhi Kurniawan Ahmad Kalamullah Amalia Reviska Selamanda Amiruddin Tawe Anastashia Maharani Muhadi Andi Dwi Wulandari Andi Mustika Amin Andi Tri Rezeki Aulia Andika Mustika Amin Anita Cemerlang Annisa Paramaswary Annisa Paramaswary Aslam Anwar Anwar Anwar Anwar Rauf Aria Saputra Asrianingsih Putri Asrianto Asrianto Burhanuddin Burhanuddi Burhanuddin Burhanuddin Chalid Imran Musa Dayani Isfahani Idris Diva Ariska Ananda Dunakhir, Samirah Fadianti, Nurhas Faiz Satrianegara Fatmawati Fatmawati Febi Amelia Putri Febrianty Muliana Saputri Herdhana Suwartono Hety Budiyanti Ilham Wardhana Haeruddin Ilma Wulansari Hasdiansa Indah Lestari Anwar Isma Azis Riu Karmila Kasriana, Kasriana Lisa Herianti M. Ikhwan Maulana Haeruddin Masnawaty Sangkala Minawati Minawati Moh. Rifky Wahyudi Muhammad Fhill Husny Muhammad Imaduddin As'ad Muhammad Imaduddin As'ad Muliana Agus My Sarah Imran Nabila Allaini Nurzahra Najamuddin Najamuddin Nisaul Husna Ramadhani Ilham Nur Intan Pratiwi Nur Suka Nengsih Nur Wahida Nurhaedah Nurhaedah Nurman Nurman Nurman Nurul Aszizah Adelia Putri Nur Nurul Fadilah Aswar Nurwatul Wardah Muis Puspita K, Armita Putri Yulinar Raudatul Jannah Regina Amalia Rezky Amalia Hamka Rezky Natakusuma Amin Riska Damayanti Risna Kamisanti Romansyah Sahabuddin Safira Ainu Nadira Sofyan Saiful Salahudin, Suharni Salsabilah Selvina Sandini Shabir Shabir Siti Hasbiah Sulis Mifthaul Nisaa Syamsuriyati, Syamsuriyati Syardiansyah Tenri S.P. Dipoatmodjo Tenri S.P.Dipoatmodjo We Batary Pada Zahratul Afiqah Zainal Ruma