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Analisis Laporan Keuangan Sebagai Alat Prediksi Kebangkrutan Pada Perusahaan Properti Yang Terdaftar Di Bursa Efek Indonesia

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  • Sukma, STIM

Abstract

This study aims to determine the level of corporate bankruptcy by the method of Altman Z-Score on Property Company listed on the Indonesia Stock Exchange. The variable used in this research is Total Value Z-Score as independent variable and Corporate Bankruptcy Rate as dependent variable. Where the ZScore Value is measured by the ratio found by Altman consisting of 5 (five) ratios ie Working Capital to Total Assets Ratio (X1), Retained Earnings to Total Assets Ratio (X2), Earnings Before Interest and Taxes to Total Assets Ratio (X3), Market Value Eguity to Book Value of Total Debt Ratio (X4), Sales to Total Assets Ratio (X5). The results of this study indicate that Altman's method can Model Altman Z-score can predict the state of the property company in Indonesia Stock Exchange. From 2 companies taken as sample one of the companies indicated bankruptcy indicated in good health, it is proven from Z-score value of company that has more than 2.99 that is 0,761 in 2014. 0,148 in the year 2015 and value of Z equal to 0,5501 in 2016. While other companie indicated in good health by the company Z-score value of less than 1.80 is 3,234 in 2014, 3,232 in 2015, and 3,84 in 2016. Keywords: Z-score Altman, Bankruptcy Rate

Suggested Citation

  • Sukma, STIM, 2018. "Analisis Laporan Keuangan Sebagai Alat Prediksi Kebangkrutan Pada Perusahaan Properti Yang Terdaftar Di Bursa Efek Indonesia," INA-Rxiv dk9j6, Center for Open Science.
    • Handle: RePEc:osf:inarxi:dk9j6
    DOI: 10.31219/osf.io/dk9j6
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    Keywords

    z-score altman; bankruptcy rate;

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