Article Per Year (5 Year)
p-Index From 2020 - 2025
0
P-Index
This Author published in this journals
All Journal Jurnal Ekonomika dan Manajemen
Yusika Yerico
Fakultas Ekonomi dan Bisnis, Universitas Matana
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
ANALISIS PREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN SUB SEKTOR LOGAM DAN SEJENISNYA (Penerapan Model Altman Z-Score yang Telah Dimodifikasi) Yusika Yerico; Veny Anindya Puspitasari
Jurnal Ekonomika dan Manajemen Vol 8, No 2 (2019)
Publisher : Universitas Budi Luhur

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (672.875 KB) | DOI: 10.36080/jem.v8i2.1079

Abstract

This study aims to analyze the potential for bankruptcy in ten metal and allied sub-sector companies listed on the Indonesia Stock Exchange (IDX) in the 2015-2018 period. The data used in this study are secondary data from annual financial statements contained in the Indonesia Stock Exchange (IDX). This study uses the Altman Z-Score model as a tool to measure the potential for bankruptcy of companies that represent financial ratios. The Altman Z-Score formula used is as follows: Z = 0.717X1 + 0.847 X2 + 3.107X3 + 0.420X4 + 0.998X5 with a zone of discrimination, if the Z value is more than 2.9 then the company is in a "healthy" condition, if the value Z is not more than 2.9 and is not smaller than 1.23, the company is in a "gray" condition, and if the Z value is less than 1.23, the company is in a "distress" condition. During the observation period, it was shown that most of the ten companies in the metal and allied sub-sectors listed on the IDX were in gray and distressed conditions. Only 2 out of 10 companies are able to survive and make improvements, namely Beton Jaya Manunggal Tbk, and Lionmesh Prima Tbk.
Co-Authors Puspitasari, Veny Anindya