ANALISIS LAPORAN KEUANGAN DENGAN MODEL Z-SCORE SEBAGAI ALAT DALAM MEMPREDIKSI BANKCRUPTCY (Studi Pada PT. Ramayana Lestari Sentosa Tbk PT. Matahari Putra Prima Tbk dan PT. Mitra Adiperkasa Tbk)
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Institusion
Universitas Muhammadiyah Sukabumi
Author
Rahmatullah, Muhammad
Subject
HB Economic Theory
Datestamp
2020-02-27 01:38:38
Abstract :
Company bankruptcy is a phenomena that happens in business oftentimes. The problem identified at PT. Ramayana Lestari Sentosa Tbk., PT. Matahari Putra Prima Tbk., and PT. Mitra Adiperkasa Tbk. is decrement of net income and equity value. The research was aimed at determining the Z-score modification model that had been predicted a bankruptcy at a company. The research method applied was descriptive by means of quantitative approach. The techniques of analyzing data commenced from preparing, tabulating to testing by using the formula of Altman Z-score modification model with prerequisite: if the Z-score value was >2.66, so that the company was categorized the non-bankruptcy; the Z-score value was >1.11 <2.66 so that the company was categorized as the grey area; if the Z-score value is <1.11 so that the company was categorized the bankruptcy. The result of the research which is known theoretically shows that there is 1 company categorized in the bankruptcy with the Z-score value amounted to -3.401 and 2 companies categorized in the non-bankruptcy with the Z-score values amounted consecutively to 8.2344 and 2.8662. The above calculation result of Z-score modification model can provide guidance for the company management in order to detect the possibility of early bankruptcy so that they can conduct preventive action.
Company bankruptcy is a phenomena that happens in business oftentimes. The problem identified at PT. Ramayana Lestari Sentosa Tbk., PT. Matahari Putra Prima Tbk., and PT. Mitra Adiperkasa Tbk. is decrement of net income and equity value. The research was aimed at determining the Z-score modification model that had been predicted a bankruptcy at a company. The research method applied was descriptive by means of quantitative approach. The techniques of analyzing data commenced from preparing, tabulating to testing by using the formula of Altman Z-score modification model with prerequisite: if the Z-score value was >2.66, so that the company was categorized the non-bankruptcy; the Z-score value was >1.11 <2.66 so that the company was categorized as the grey area; if the Z-score value is <1.11 so that the company was categorized the bankruptcy. The result of the research which is known theoretically shows that there is 1 company categorized in the bankruptcy with the Z-score value amounted to -3.401 and 2 companies categorized in the non-bankruptcy with the Z-score values amounted consecutively to 8.2344 and 2.8662. The above calculation result of Z-score modification model can provide guidance for the company management in order to detect the possibility of early bankruptcy so that they can conduct preventive action.
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