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Journal : epigram e-journal

ANALYSIS ALTMAN Z-SCORE TO PREDICT BANKRUPTCY IN PT RAMAYANA LESTARI SENTOSA TBK Lestari, Dwi; Surbakti, Lidya Primta
Epigram Vol 21 No 01 (2024): Volume 21 No. 01 Tahun 2024
Publisher : Politeknik Negeri Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32722/epi.v21i01.6634

Abstract

The objective of this study is to ascertain the anticipated level of bankruptcy risk at PT Ramayana Lestari Sentosa, Tbk, based on the annual financial reports spanning from 2018 to 2020. The data utilized in this analysis comprise the Financial Statements of PT Ramayana Lestari Sentosa, Tbk for the specified period, accessible through the official website of the Indonesia Stock Exchange, www.idx.com. As PT Ramayana Lestari Sentosa, Tbk is a publicly traded retail company in Indonesia, its financial statements are publicly accessible. The technical analysis employed in this research utilizes the Altman Z-score method, entailing calculations based on the Altman Z-Score formula. The Z-Score calculation for 2018 yielded a result of 6.271, indicating placement within the safe zone. In 2019, it slightly decreased to 6.190, still within the safe zone. Subsequently, in 2020, it experienced a slight increase to 6.211. The Z-Score results for the period spanning 2018 to 2020 suggest that PT Ramayana Lestari Sentosa, Tbk can be classified as a financially healthy company with no evident potential for bankruptcy. However, considering the advancing technology and evolving consumer behaviors, the company may face bankruptcy risks if it fails to adapt and expand its operations into e-commerce platforms.
Co-Authors Adam Muhamad Satria Agus Maulana Agus Maulana Agustina, Yosellyne Hutri Ali Tafriji Biswan Alvin Franata Alya, Audrey Amasti, Novia Amrie Firmansyah Aniek Wijayanti Aniek Wijayanti Annisa, Ghefira Nur Antonius Immanuel Parlindungan Aulia Khairunnisa Ayunita Ajengtiyas Saputri Mashuri Bhaktiningsih, Tri Yuni Danial, Ahmad Denta Amelia Dermawan, Irvan Dewi Darmastuti Dian Anita Nuswantara Ditta Dwi Astuti Dwi Lestari Edi Warman Edi Warman Ekawati Jati Wibawaningsih Ekawati Jati Wibawaningsih Fadhil Alfarisi Fais Muta'as Sidiq Fathoni, Syahri Fayaadh, Muhammad Febryan, Hilmi Hanin Febriana Hestina Muzdalipatul Farha Hilmi Febryan Ibnu Hadi Ibnu Hadi Irvan Dermawan Irwansyah, Muhamad Kabir, Muhammad Auwal Kayla Khaq, M. Zainul Khoirul Aswar Lingga Sekar Arum Lumbangaol, Lamtiur Ruth Luthfi Darmawan Mahmudi, Rifki Muahmmad Ridwan Muhammad Luthfi Muhammad Zidan Rosyid Mulyantini, Sri Munasiron Miftah Nabila Aisha Fathurrahman Novia Amasti Oktavia, Khalisah Parlindungan, Antonius Immanuel Praptiningsih Praptiningsih Putra, Donny Maha Putra, Tris Chandra Rabiatuladawiyah, Adinda Rahel, Rhegina Ranti Nugraheni Ratna Hindria Dyah Pita Sari Ratna Wulandari Retna Sari Reza Oktavia Rida Perwita Sari Rika Puspita Sari Safira Samsiah Sanaa Adika, Ramadhan Sari, Meri Putri Sihombing, Putri Sri Desmita Sirait, Yohanes Revaldo Subur Subur Supriyadi, Agung Swatdikun, Trairong Syakila Amalia Lihawa Tasya Karindra Tatnya, Hutri Zarah Vini Rika, Eunike Wibawaningsih, Ekawati Jati Wisnu Julianto Yazid, Muhammad Nafis Yeni Elfiza Abbas Yeni Elfiza Abbas Ziliwu, Dela Benita