Comparative Analysis of Financial Sustainability Using the Altman Z-Score, Springate, Zmijewski and Grover Models for Companies Listed at Indonesia Stock Exchange Sub-Sector Telecommunication Period 2014 – 2019

Fauzi, Samrony Eka; Sudjono,; Saluy, Ahmad Badawi

doi:10.31235/osf.io/2kjv6

Cited by 2 publications

(1 citation statement)

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“…Sementara pengujian yang dilakukan pada perusahaan sektor industri makanan dan minuman dengan laporan keuangan tahun 2019 hingga tahun 2021 dengan menggunakan model springate dalam memprediksi kebangkrutan. Ditemukan 7 perusahaan berpotensi bangkrut sementara 20 lainnya dalam kondisi sehat (Fauziah & Mudzakar, 2022). Berdasarkan analisis laporan keuangan tahun 2019 hingga tahun 2021 menggunakan sampel perusahaan penerbangan yang tercatat di bursa efek indonesia dan pendekatan metode springate ditemukan dua perusahaan berpotensi bangkrut yaitu PT.…”

Section: Kajian Pustakaunclassified

Analisis Kebangkrutan Dengan Metode Springate (Studi Kasus Pada Pt. Pp Properti TBK Tahun 2020-2022)

Putra,

Khafid,

Hastuti

2023

SLSI

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<p>Penelitian ini bertujuan mengukur potensi kebangkrutan perusahaan PT.PP Properti tbk ditengah kondisi pandemi yang memukul industri sektor properti, korupsi yang menyeret pimpinan perusahaan serta mendekati tahun politik di indonesia. Menggunakan data sekunder berupa laporan keuangan perusahaan tahun 2020,2021 dan 2022 yang diperoleh dari website PT.PP Properti tbk, <a href="http://www.idx.com/">www.IDX.com</a> dan Investing.com. Menggunakan pendekatan metode penelitian kualitatif desktiptif untuk memberikan gambaran kondisi keuangan perusahaan ditengah badai yang menerpa. Untuk mengukur tingkat potensi kebangkrutan, atau mencari nilai S-Score digunakan metode springate. Hasil penelitian mengungkap, perusahaan PT.PP Properti berpotensi mengalami kebangkrutan dengan nilai S-Score sebesar -0,1057 pada tahun 2020, sebesar 0,3032 pada tahun 2021 dan sebesar 0,3232 pada tahun 2022. Ini mengindikasikan bahwa total aset lancar milik perusahaan properti plat merah tersebut tidak cukup kuat menopang hutang perusahaan. </p>

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Section: Kajian Pustakaunclassified

Analisis Kebangkrutan Dengan Metode Springate (Studi Kasus Pada Pt. Pp Properti TBK Tahun 2020-2022)

Putra,

Khafid,

Hastuti

2023

SLSI

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Prediction of corporate financial distress in the travel and tourism industry

Nagendrakumar

Alwis

Eshani

et al. 2023

COC

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Currently, most countries in the world endure financial distress due to the ongoing economic crisis. Thus, financial distress prediction (FDP) has become vital in speculating the business continuity for the corporate world. In the context of Sri Lanka, the travel and tourism industry has been highly exposed to political, economic and climate (weather) shocks, as well as being sensitive to the impacts of COVID-19. Along with those shakes the recent economic crisis and the need for FDP led the researchers to empirically investigate the discrimination zones, i.e., distress zone, grey zone, and safe zone of the travel and tourism industry in developed and developing countries. This study adopted Altman’s (1968) original Z-score model for data analysis. This research is based on secondary data from annual reports of 138 listed travel and tourism companies listed on the stock exchanges of developed and developing countries: the USA, Australia, Singapore, South Africa, Malaysia, and Sri Lanka during the five-years period (2016–2020). The purposive sampling method is used to obtain the secondary data for the study. The finding revealed that 96.38% of travel and tourism companies are in the distress zone, 2.90% grey zone, and 0.72% safe zone in developed and developing countries. This study recommends all the travel and tourism companies in developed and developing countries maintain enough retained earnings to avoid corporate failure. This study is significant since it evidences the FDP and signals the global economic depression.

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Comparative Analysis of Financial Sustainability Using the Altman Z-Score, Springate, Zmijewski and Grover Models for Companies Listed at Indonesia Stock Exchange Sub-Sector Telecommunication Period 2014 – 2019

Cited by 2 publications

References 0 publications

Analisis Kebangkrutan Dengan Metode Springate (Studi Kasus Pada Pt. Pp Properti TBK Tahun 2020-2022)

Analisis Kebangkrutan Dengan Metode Springate (Studi Kasus Pada Pt. Pp Properti TBK Tahun 2020-2022)

Prediction of corporate financial distress in the travel and tourism industry

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