Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : International Journal of Mathematics, Statistics, and Computing

Financial Distress Analysis of Companies Carrying Out Mass Layoffs Throughout 2023 using the Altman Z-Score Method, Springate Method, and Zmijewski Method Puspitasari, Laras Dwi; Syifana, Hani
International Journal of Mathematics, Statistics, and Computing Vol. 2 No. 4 (2024): International Journal of Mathematics, Statistics, and Computing
Publisher : Communication In Research And Publications

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijmsc.v2i4.147

Abstract

This research aims to estimate the financial condition of four companies that will carry out mass layoffs throughout 2023 using three financial distress prediction methods, namely the Z-Score Altman method, the Springate method and the Zmijewski method. Secondary data was used sourced from the financial reports of each company from 2022 to 2023. The research results showed that financial performance was analyzed using the Z-Score Altman method, the Springate method and the Zmijewski method in four companies, namely PT Net Visi Media Tbk for the period 2022-2023 classified as having the potential to experience bankruptcy, PT GoTo Gojek Tokopedia Tbk for the 2022-2023 period is classified as having a high potential for bankruptcy, PT Bukalapak.com Tbk for the 2022-2023 period is classified as being in good health, and JD.com, Inc. (JD) for the 2022-2023 period is classified as having absolutely no potential for bankruptcy.