Journal article // Media Studi Ekonomi






Analisis Kebangkrutan dengan Model Altman Z-score Sektor Aneka Industri di Bei Periode 2013-2014
2018
Suci Kurniawati

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Abstract

The purpose of this study is to analyze the company's financial distress on various industry sectors as many as 36 companies using the ALTMAN Z-Score model in 2013-2014. The data which used was secondary data, such as Financial Statements of company publication issued by Indonesian Stock Exchange (BEI) and obtained by downloading the website: www.idx.com. This study uses descriptive quantitative method. The finding of Z-Score index in various industry sector in 2013 is occupied by PT SAT Nusa Persada Tbk on electronic subsector and 2014 is occupied by PT. Kmi Wire Cable Tbk on cable subsector, with the first highest rank and healthy condition, whereas the last and lowest rank on textiles and garments subsector is PT. Asia Pacific Fiber Tbk in 2013-2014, with having financial distress condition. The findings of this study are not consistent or even in accordance with the reality which shows that the Altman method can not be used as a tool to indicate a tendency towards company's financial distress. The implication of this research is expected to provide input for improvements and corrections to avoid distress.

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