Article Per Year (5 Year)
p-Index From 2020 - 2025
0.23
P-Index
This Author published in this journals
All Journal Diponegoro Journal of Accounting
Rahmawati, Annisa Pratiwi
Unknown Affiliation
Economics, Econometrics & Finance

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

Found 1 Documents
Search

 1 
Comparative Analysis of Altman Z-Score and J-UK Model Accuracy in Predicting Financial Distress during the Covid-19 Pandemic (Study on Manufacturing Companies listed on the Indonesia Stock Exchange) Rahmawati, Annisa Pratiwi; Juliarto, Agung
Diponegoro Journal of Accounting Volume 13, Nomor 1, Tahun 2024
Publisher : Diponegoro Journal of Accounting

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

Abstract

This study aims to analyze the comparison of the predictive ability of Altman Z-Score and J-UK model. There are five financial ratios used in the Altman Z-Score model, namely capital to total assets, retained earnings to total assets, earnings before interest and taxes to total assets, market value equity to book value of total debt, and sales to total assets. Meanwhile, the J-UK model is a modification of the Altman Z-Score model with an additional ratio in the form of cash flow from operations to total liabilities. The research sample used is manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2020 and 2021. There are 201 non-financial distress companies and 101 financial distress companies. Hypothesis testing used in this study is a classification matrix. From the results of the classification matrix, it was found that the predictive ability of the Altman Z-Score was 78.1% and the ability of the J-UK model was 78.1%. Therefore, the results showed that the Altman Z-Score and J-UK models have the same financial distress prediction ability in manufacturing companies in Indonesia.
Co-Authors Agung Juliarto