Melisa Octaviani Wijayanti
Program Studi Akuntansi, Fakultas Ekonomi, Universitas Widya Kartika Surabaya, Indonesia

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Prediction of Financial Distress Model Altman Z-Score (Study on Shipping Companies Listed on the Indonesia Stock Exchange for the 2019-2021 Period) Melisa Octaviani Wijayanti; Suklimah Ratih
Daengku: Journal of Humanities and Social Sciences Innovation Vol. 2 No. 6 (2022)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (937.823 KB) | DOI: 10.35877/454RI.daengku1250

Abstract

The transportation and logistics industry plays an important and influential role for Indonesia's economic growth. This industry is a strategic sector with promising business prospects in the country. This study aims to analyze the potential for bankruptcy in transportation and logistics companies listed on the Indonesia Stock Exchange using the Altman Z-Score model. The sample in this study is a transportation and logistics company listed on the Indonesia Stock Exchange in 2019-2021 consisting of 9 companies. The data source used is secondary data in the form of annual financial statements of transportation and logistics companies. The year period of fnancal statemen used by the researcher is from 2018-2020. The results showed that there are 3 companies that have the potential to experience bankruptcy, namely PT. Pelayaran Nasional Bina Buana Raya Tbk. (BBRM), PT. Berlian Laju Tanker Tbk. (BLTA) and PT. Humpuss Intermoda Transportasi Tbk. (HITS). In addition, there are 3 companies that are in a gray area, and 3 companies that are in a healthy financial condition.