ALTMAN Z”-SCORE MODIFIKASI SEBAGAI ALAT PREDIKSI KEBANGKRUTAN PADA PERUSAHAAN TRANSPORTASI DI ERA PANDEMI COVID 19
Article Sidebar
Main Article Content
Abstract
The transportation sector is a sector that has a crucial position in the national economy. Therefore, maintaining and improving the company's financial health needs to be done in order to avoid bankruptcy. This study aims to analyze bankruptcy predictions using the Altman Z”-Score method for transportation companies listed on the Indonesia Stock Exchange in 2019-2021. The research approach used is descriptive quantitative. The research subjects were 15 transportation companies that were listed and audited on the IDX with the presentation of Rupiah in their financial statements. The results showed that in 2019 there were 7 transportation companies classified as bankrupt, 4 companies classified as prone to bankruptcy and 4 companies classified as healthy. Then in 2020 there were 10 companies classified as bankrupt, 2 companies classified as prone to bankruptcy, and 3 companies classified as healthy. Furthermore, in 2021 there are 6 companies classified as bankrupt, 4 companies classified as vulnerable, and 5 companies classified as healthy. Based on the results of the Z”-Score during 2019-2021 there was a trend of fluctuating financial conditions.
Article Details
References
Amalia, F. (2019). Munich Personal RePEc Archive COMPARATIVE ANALYSIS OF FINANCIAL DISTRESS IN CONSTRUCTION COMPANIES IN 2014 – 2018. 93962.
Effendi, R. (2018). Analisis Prediksi Kebangkrutan Dengan Metode Altman, Springate, Zmijewski, Foster, Dan Grover Pada Emiten Jasa Transportasi. Jurnal Parsimonia, 4(3), 307–318.
Fardiman, F., Tanjung, M. A., & Wijayanti, I. (2021). Prediksi Kebangkrutan Taksi Konvensional Yang Terdaftar Di Bei. Aliansi : Jurnal Manajemen Dan Bisnis, 16(2), 139–145. https://doi.org/10.46975/aliansi.v16i2.108
Munawarah, M., & Hayati, K. (2019). Accuracy of Springate, Zmijewsky and Grover As Logistic Models in Finding Financial Difficulty of Financing Companies. Accruals, 3(1), 1–12. https://doi.org/10.35310/accruals.v3i1.36
Prasetyo, L. F., Noor, R., & Amiruddin. (2018). Analisis prediksi financial distress pada perusahaan transportasi darat dan terdaftar di BEI pelaporan 2012-2017. Jurnal Akuntansi Multi Dimensi (Jamdi), 1(1), 47–53.