JBMR: Journal of Business and Management Review
Vol. 3 No. 4 (2022): (Issue-April)

Parsimonious: Initiation of Integrated Financial Health Assessment Model in Preventing Company Bankruptcy

Pradana Kusuma (Management Departement, Economic and Business Faculty, Dian Nuswantoro University, Semarang, Indonesia)
Febrianur I. F. S. Putra (Management Departement, Economic and Business Faculty, Dian Nuswantoro University, Semarang, Indonesia)
Tito Aditya Perdana (Management Departement, Economic and Business Faculty, Dian Nuswantoro University, Semarang, Indonesia)



Article Info

Publish Date
21 Apr 2022

Abstract

This study aims to analyze the development of health assessment indicators and the financial health condition of PT Pos Indonesia (Persero). This research used a quantitative approach. The analysis technique used for evaluating the level of financial health referred to the Decree of The Minister of State-Owned Enterprises No. Kep- 100/MBU/2002. The data collection technique used was documentation studies sourced from the annual report of PT Pos Indonesia (Persero) from 2018 through 2020. The results showed that the development of the indicator value of return on equity, return on investment, and cash ratio decreased, while the value of collection periods, the ratio of equity to total assets, and inventory turn over increased. This study also found the fluctuated value of the current ratio and total asset turnover. The financial health assessment in 2018 and 2019 had a healthy predicate. However, in 2020, it had an unhealthy financial health assessment predicate. Therefore, the company needs to have better financial performance to achieve good financial health conditions that will finally affect all stakeholders.

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Journal Info

Abbrev

jbmr

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Journal of Business and Management Review applies theory developed from business research to actual business situations. Recognizing the intricate relationships between the many areas of business activity, JBMR examines a wide variety of business decisions, processes and activities within the actual ...