Model Prediksi Kesulitan Keuangan (Studi Pada Perusahaan Plastik Kemasan Dan Tekstil Garmen Yang Terdaftar Di Bursa Efek Indonesia)

Maarif, Achmad Syamsul (2019) Model Prediksi Kesulitan Keuangan (Studi Pada Perusahaan Plastik Kemasan Dan Tekstil Garmen Yang Terdaftar Di Bursa Efek Indonesia). Sarjana thesis, Universitas Brawijaya.

Abstract

Penelitian ini bertujuan untuk mengetahui dan memprediksi terjadinya kesulitan keuangan dengan menggunakan model Altman Z-Score dan Zmijewski X-Score pada perusahaan plastik kemasan dan tekstil garmen yang terdaftar di Bursa Efek Indonesia (BEI) periode 2015-2017. Altman Z-Score merupakan salah satu model untuk mendeteksi terjadinya kesulitan keuangan dan kebangkrutan pada perusahaan dengan menggunakan lima rasio keuangan diantaranya working capital to total assets, retained earning to total assets, earning before interest and tax to total assets, market value of equity to book value of liabilities, dan sales to total assets. Sedangkan Zmijewski X-Score menggunakan tiga rasio keuangan yaitu return on assets, debt ratio, dan current ratio. Jenis penelitian ini adalah penelitian deskriptif dengan pendekatan kuantitatif. Data yang digunakan merupakan data sekunder yang berupa laporan keuangan perusahaan. Hasil penelitian menunjukkan bahwa berdasarkan model Altman (Z-Score) pada tahun 2015 terdapat 4 perusahaan berada di safe zone, 5 perusahaan berada di grey zone, dan 15 perusahaan berada di distress zone. Sementara pada tahun 2016 terdapat 5 perusahaan berada di safe zone, 4 perusahaan berada di grey zone, dan 15 perusahaan berada di distress zone. Dan pada tahun 2017 terdapat 5 perusahaan berada di safe zone, 5 perusahaan berada di grey zone, dan 14 perusahaan berada di distress zone. Sedangkan hasil penelitian berdasarkan model Zmijewski (X-Score) menunjukkan bahwa pada tahun 2015 terdapat 20 perusahaan berada di safe zone, dan 4 perusahaan berada di distress zone. Sementara pada tahun 2016 terdapat 21 perusahaan berada di safe zone, dan 3 perusahaan berada di distress zone. Terakhir pada tahun 2017 terdapat 20 perusahaan berada di safe zone, dan 4 perusahaan berada di distress zone.

English Abstract

The aims of this study is to determine and predict the occurrence of financial distress by using the Altman Z-Score and Zmijewski X-Score models on plastic and packaging and textile and garment companies that are listed on the Indonesia Stock Exchange (IDX) in 2015-2017. Altman Z-Score is one of the models to detect financial distress and bankruptcy in companies by using five financial ratios which are working capital to total assets, retained earnings to total assets, earnings before interest and tax to total assets, market value of equity to book value of liabilities, and sales to total assets. Meanwhile, Zmijewski X-Score is using three financial ratios which are return on assets, debt ratio, and current ratio. Moreover, this research is a descriptive research with a quantitative approac and the data being used are secondary data in the form of company financial statements. The results of this research show that based on the Altman model (Z-Score) in 2015 there were 4 companies in safe zone, 5 companies in the gray zone, and 15 companies in the distress zone. Meanwhile in 2016, there were 5 companies in safe zone, 4 companies were in the gray zone, and 15 companies were in the distress zone. And in 2017 there were 5 companies in safe zone, 5 companies in the gray zone, and 14 companies in the distress zone. On the other hand, based on the Zmijewski model (X-Score), it shows that in 2015 there were 20 companies in the safe zone, and 4 companies were in the distress zone. While in 2016 there were 21 companies in the safe zone, and 3 companies were in the distress zone and as for in 2017 there were 20 companies in the safe zone, and 4 companies were in the distress zone.

Other obstract

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Item Type:	Thesis (Sarjana)
Identification Number:	SKR/FEB/2019/252/051903647
Uncontrolled Keywords:	Altman Z-Score, Zmijewki X-Score, Kesulitan Keuangan, Altman Z-Score, Zmijewki X-Score, Financial Distress
Subjects:	300 Social sciences > 338 Production > 338.5 General production economics > 338.54 Economic fluctuations > 338.544 General production forecasting and forecasts > 338.544 2 Methods of forecasting
Divisions:	Fakultas Ekonomi dan Bisnis > Manajemen
Depositing User:	Nur Cholis
Date Deposited:	10 Aug 2020 06:10
Last Modified:	21 Oct 2021 07:36
URI:	http://repository.ub.ac.id/id/eprint/170519

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