Analisis Financial Distress dengan Menggunakan Metode Altman Z Score untuk Memprediksi Kebangkrutan Pada Perusahaan (Studi pada perusahaan Telekomunikasi yang terdaftar di Bursa Efek Indonesia periode 2008-2012 )

Rara Sugesti, Ajeng and , Drs. Agus Moqorobin, M.M. (2017) Analisis Financial Distress dengan Menggunakan Metode Altman Z Score untuk Memprediksi Kebangkrutan Pada Perusahaan (Studi pada perusahaan Telekomunikasi yang terdaftar di Bursa Efek Indonesia periode 2008-2012 ). Skripsi thesis, Universitas Muhammadiyah Surakarta.

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Abstract

This research aims to know how the prediction of bankruptcy in Telecommunications companies listed on the Indonesia Stock Exchange period 2008-2012 using Altman Z-Score method. This research uses secondary data in the form of quantitative data. The data sources used in this research are from the financial statements of PT Indosat Tbk, PT XL Axiata Tbk, PT Bakrie Telecom Tbk, PT Smartfren Telecom Tbk and PT Telekomunikasi Tbk. Based on the Altman Z-Score method for non-manufacturing companies there are four variables, namely Working Capital / total assets, Retained earnings / total assets, Earnings before interest and tax / total assets, and Market value of equity / book value of debt. With the formula Z-Score = 6.56 X1 + 3.26 X2 + 6.72 X3 + 1.05 X4. With Z-Score 2.675 assessment criteria> categorized as a healthy company. 1.81 <Z-Score <2.675 is categorized as a company in the gray area so the possibility of rescue and possibly bankrupt is as great as it depends on the decision of the company management policy as the decision maker. Z-Score <1.81 is categorized as a less healthy or bankrupt enterprise. Based on the calculation that has been done, it can be concluded Indosat Tbk company in 2008-2012 shows gray area position. PT XL Axiata Tbk in 2008-2012 shows the increasing circumstances, from potentially bankrupt, gray area until healthy categorized. PT Bakrie Telecom Tbk and PT Smartfren Telecom Tbk in 2008-2012 are categorized as potentially bankrupt or unhealthy. And the last company of PT Telekomunikasi Tbk in 2008-2012 is categorized as a healthy company

Item Type: Karya ilmiah (Skripsi)
Uncontrolled Keywords: Altman Z-Score, Financial report, Bankruptcy prediction
Subjects: H Social Sciences > HB Economic Theory
Divisions: Fakultas Ekonomi dan Bisnis > Manajemen
Depositing User: AJENG RARA SUGESTI
Date Deposited: 18 Dec 2017 04:35
Last Modified: 18 Dec 2017 04:37
URI: http://eprints.ums.ac.id/id/eprint/57734

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