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All Journal Jurnal Multidisiplin Madani (MUDIMA) Agency Journal of Management and Business
Arvina Arham
Universitas Muhammadiyah Makassar
Civil Engineering, Building, Construction & Architecture Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

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Analisis Kepailitan Perusahaan Yang Tercatat di BEI Sub Sektor Telekomunikasi Muhammad Nur Abdi; Agusdiwana Suarni; Arvina Arham
Jurnal Multidisiplin Madani Vol. 2 No. 6 (2022): June 2022
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/mudima.v2i6.494

Abstract

The purpose of this study is to analyze the bankruptcy of companies in the telecommunication sub-sector listed on the IDX for the 2016-2019 period using the Altman ZScore. Quantitative research methods use secondary information. Sources of information from the company's financial statements PT Telekomunikasi Tbk, PT XL Axiata Tbk, & PT Indosat Tbk. Based on the Altman ZScore, five types of ratios are used, namely working capital/complete assets, retained earnings/absolute assets, earnings before interest & taxes/all out assets, market value of equity/book value of debt, & sales/all out assets. With the formula ZScore = 1.2X1 + 1.4X2 + 3.3X3 + 0.6X4 + 0.1X5. The results stated that PT Telekomunikasi Indonesia Tbk was in good health from 2016 to 2019. PTXLAxiataTbk and PTIndosatTbk 2016-2019 were in a bankrupt or unhealthy condition.
Bankruptcy Analysis Of Financial Statements Of Telecommunications Sub Sector Companies Listed On The Indonesia Stock Exchange For The 2016-2019 Period Arvina arham
Agency Journal of Management and Business Vol. 1 No. 1 (2021): Januari 2021
Publisher : Pustaka Digital Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The purpose of this study is to analyze bankruptcy in the financial statements of companies in the telecommunication sub-sector listed on the Indonesia Stock Exchange for the 2016-2019 period using the Altman Z-Score method. The research method used is a quantitative method using secondary data. Sources of data used in this study came from the company's financial statements PT Telekomunikasi Tbk, PT XL Axiata Tbk, and PT Indosat Tbk. Based on the Altman Z-Score method using 5 types of ratios, namely working capital/total assets, retained earnings/total assets, earnings before interest and taxes/total assets, market value of equity/book value of debt, and sales/total assets. With the formula Z-Score = 1.2X1 + 1.4X2 + 3.3X3 + 0.6X4 + 0.1X5. With the assessment criteria Z-Score > 2.99 categorized as a healthy company, 1.81 < Z-Score < 2.99 categorized as a company that is in the gray area so that the possibility of being saved and the possibility of bankruptcy is equally dependent on of the company's management policy decisions as decision makers. Z-Score <1.81 is categorized as an unhealthy or bankrupt company. The results showed that PT Telekomunikasi Indonesia Tbk in 2016-2019 was in a healthy condition. PT XL Axiata Tbk and PT Indosat Tbk in 2016-2019 were in a bankrupt or unhealthy condition.
Co-Authors Muhammad Nur Abdi Suarni, Agusdiwana