ANALISIS POTENSI FINANSIAL DITREES PADA INDUSTRI SEMEN TERDAFTAR DI BURSA EFEK INDONESIA

The purpose of this research is to analyze how the potential financial distress in the cement industry are listed on the Indonesia Stock Exchange Byusing the altman z-score model and the springate model using secondary data on cement industry listed on the indonesia stock excange using quantitative descriptive analysis techniques the final result show that the financial performance analyzed using the altman z-scor model and the springate model on the cement industry listed on the indonesia stock exchange in 2013 to 2018 was in a state of no or experiencing financial difficulties. The result of the prediction of financial distrees or bankruptcy predictions are companies using the altman z-scor model in gray area and expriencing bankruptcy, namely PT. Indocement in 2017 and 2018 was in the grey area zone grey area and in 2017 experiencing financial ditrees, PT Semen Baturaja (Persero), Tbk went financial distrees in 2017 and 2018 while PT Solusi Bangun Indonesia,Tbk in 2013 to 2018 experienced financial distrees while the result of financial ditress, namely PT Solusi Bangun Indonesia, not yet in 2013 to 2018 while PT Semen Baturaja (Persero),Tbk in 2017 and 2018. Tujuan dari penelitian ini adalah untuk menganalisis bagaimana potensi kesulitan keuangan dalam industri semen terdaftar di Bursa Efek Indonesia. Dengan menggunakan model altman z-score dan model springate menggunakan data sekunder pada industri semen yang terdaftar di Bursa Efek Indonesia menggunakan deskriptif kuantitatif. teknik analisis hasil akhir menunjukkan bahwa kinerja keuangan yang dianalisis menggunakan model altman z-scor dan model springate pada industri semen yang terdaftar di bursa efek indonesia pada 2013 hingga 2018 dalam keadaan tidak ada atau mengalami kesulitan keuangan. Hasil prediksi financial distress atau prediksi kebangkrutan adalah perusahaan yang menggunakan model altman z-scor di grey area dan mengalami kebangkrutan, yaitu PT. Indocement pada 2017 dan 2018 berada di zona abu-abu zona abu-abu dan pada 2017 mengalami kesulitan keuangan, PT Semen Baturaja (Persero), Tbk mengalami kesulitan keuangan pada 2017 dan 2018 sedangkan PT Solusi Bangun Indonesia, Tbk pada 2013 hingga 2018 mengalami kesulitan keuangan sementara hasil financial ditress, yaitu PT Solusi Bangun Indonesia, belum pada 2013 hingga 2018 sedangkan PT Semen Baturaja (Persero), Tbk pada 2017 dan 2018.

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ANALISIS PREDIKSI TINGKAT KEBANGKRUTAN DENGAN METODE ALTMAN Z-SCORE DAN ZMIJEWSKI PADA PT BAKRIE TELECOM TBK PERIODE 2015-2017

JURNAL ILMIAH EDUNOMIKA ◽

10.29040/jie.v3i01.436 ◽

2019 ◽

Vol 3 (01) ◽

Author(s):

Suci Ariyani ◽

Djumali Djumali ◽

Ida Aryati

Keyword(s):

Data Analysis ◽

Financial Distress ◽

Stock Exchange ◽

Secondary Data ◽

Z Score ◽

Analysis Model ◽

Analysis Techniques ◽

Financial Condition ◽

Grey Area ◽

Telecommunication Companies

The purpose of this research is to know financial condition of Bakrie Telecom Tbk company using Altman and Zmijewski's analysis model period 2015-2017, during the period so its be able to predict financial distress happened inside the company. The data used to this research is secondary data, with population telecommunication companies go public enrolled in the Indonesia Stock Exchange (BEI) period 2015-2017. Data analysis techniques that used is Altman and Zmijewski's dicriminant analysis. The Altman's analysis model classified into three company categories, which are company that is in broken condition, grey area and not bankrupt/healthy. The Zmijewski's analysis model classified into two company categories, which are potentially bankrupt company and unpotentially bankrupt company/health. The results of the Bakrie Telecom Tbk company's financial distress analysis period of 2015-2017 used the Altman's model showed that company was not in bankrupt category/health .The results of the Zmijewski's analysis model showed in 2015 was not in bankrupt category/health category and in the year 2016-2017 was in the bankrupt category. Keywords: Bankruptcy , Altman , Zmijewski

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Pengaruh Profitabilitas Dan Ukuran Perusahaan Terhadap Penghindaran Pajak Pada Perusahaan Manufaktur Sub Sektor Otomotif Yang Terdaftar Di Bursa Efek Indonesia

Owner ◽

10.33395/owner.v6i1.590 ◽

2022 ◽

Vol 6 (1) ◽

pp. 426-442

Author(s):

Eko Cahyo Mayndarto

Keyword(s):

Stock Exchange ◽

Descriptive Analysis ◽

National Development ◽

Tax Avoidance ◽

Secondary Data ◽

Manufacturing Companies ◽

Quantitative Descriptive Analysis ◽

Education And Health ◽

Quantitative Analysis Method ◽

Quantitative Descriptive

Taxes are a very large source of state revenue which is used to finance government expenditures, such as financing government administration, building infrastructure, providing education and health facilities. Taxes are said to be mandatory because they are already stated in the law and there are even regulations governing taxation. Every taxpayer is required to take part so that the growth and implementation of national development can run well. The type of research used is descriptive quantitative analysis method. This study uses secondary data obtained from the documentation. Quantitative descriptive analysis is done by collecting and classifying according to certain criteria or patterns, the data that has been quantified and the analysis is used to get a systematic picture of the contents of a document. Sources of data used in this study is secondary data sources, namely data obtained from existing documents. So that data in finished form has been collected and then processed by other parties and is usually in the form of publications. The secondary data used is in the form of the annual report of companies listed on the IDX in 2015-2019 related to research variables. The data in this study comes from the Indonesia Stock Exchange website and the company's website. The results of the research and discussion can be concluded. There is a partial negative and significant effect between the profitability variable (ROA) on tax avoidance in manufacturing companies in the automotive sub-sector. There is a positive and partially significant effect between company size variables on tax avoidance in manufacturing companies in the automotive sub-sector. There is a simultaneous significant effect between profitability (ROA) and firm size on tax avoidance in manufacturing companies in the automotive sub-sector.

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Faktor-faktor yang mempengaruhi nilai perusahaan pada perusahaan manufaktur sektor industri barang konsumsi yang terdaftar di Bursa Efek Indonesia Tahun 2016-2019

Jurnal Paradigma Ekonomika ◽

10.22437/jpe.v16i4.13329 ◽

2021 ◽

Vol 16 (4) ◽

pp. 717-728

Author(s):

Tina Novianti Sitanggang ◽

Yolanda Angel Sabatani Doloksaribu

Keyword(s):

Firm Value ◽

Stock Exchange ◽

Descriptive Analysis ◽

Sample Selection ◽

Secondary Data ◽

Numerical Data ◽

Manufacturing Companies ◽

Quantitative Descriptive Analysis ◽

Financial Report ◽

Quantitative Descriptive

The purpose of this study is only to test whether there is an effect of Capital Structure (DER), Current Ratio (CR), Net Profit Margin (NPM), and Firm Size (UP) on Firm Value (NP). This research was conducted on Manufacturing Companies in the Consumer Goods Industry Sector listed on the Indonesia Stock Exchange in 2016-2019. This research uses quantitative descriptive analysis. This type of research is in the form of knowledge that uses numerical data as a measuring tool to analyze. The number of samples used as many as 41 companies. Sample selection was made using purposive sampling. The data used for this research is secondary data, namely data in the form of annual financial report data for the 2016-2019 period. The data were tested by statistical data analysis in multiple regression analysis, where the classical assumption test was first tested using SPSS.

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DETERMINAN FAKTOR INTERNAL DAN EKSTERNAL TERHADAP NILAI PERUSAHAAN FOOD AND BEVERAGE DI BURSA EFEK INDONESIA

InFestasi ◽

10.21107/infestasi.v15i1.5481 ◽

2019 ◽

Vol 15 (1) ◽

pp. 32

Author(s):

Ameilia Damayanti ◽

Mira Munira

Keyword(s):

Stock Exchange ◽

Descriptive Analysis ◽

Secondary Data ◽

Sampling Technique ◽

Financial Statements ◽

Quantitative Descriptive Analysis ◽

Analysis Techniques ◽

Food And Beverage ◽

Study Population ◽

Quantitative Descriptive

<p><em>Companies with good financial performance will produce maximum profits so that they have a high return on investment. The purpose of this study is to prove and explain the effect of profitability (ROA), leverage (DER), and inflation partially to PBV of food and beverage companies listed on the Indonesia Stock Exchange (IDX), as well as the effect of profitability (ROA), leverage (DER), and inflation simultaneously to PBV at food and beverage companies listed on the IDX. The data used in the study are secondary data, in the form of audited financial statements of companies listed on the Indonesia Stock Exchange. The study population was 10 food and beverage companies listed on the IDX in 2012 - 2017 with the sampling technique used was purposive sampling. The analysis was carried out with quantitative descriptive analysis techniques using IBM SPSS 21. The results of data analysis showed that partially ROA had a significant effect on PBV, DER and inflation partially had no significant effect on PBV. Simultaneously ROA, DER, and inflation have a significant influence on the PBV of food and beverage companies listed on the IDX.</em></p>

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ANALISA KESEHATAN KEUANGAN PERUSAHAAN UNTUK MEMPREDIKSI KEBANGKRUTAN PERUSAHAAN DENGAN MENGGUNAKAN METODE ALTMAN (STUDI KASUS PADA PERUSAHAAN MANUFAKTUR SEKTOR KOMPONEN OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2011 – 2015)

Jurnal Ilmiah Binaniaga ◽

10.33062/jib.v13i2.299 ◽

2019 ◽

Vol 13 (2) ◽

pp. 55

Author(s):

Indar Khaerunnisa ◽

Edy Cahyadi

Keyword(s):

Motor Vehicle ◽

Stock Exchange ◽

Secondary Data ◽

Z Score ◽

Financial Ratio ◽

Average Value ◽

Automotive Components ◽

Grey Area ◽

Financial Ratio Analysis ◽

Year 2013

The Indonesian government has set the motor vehicle industry as one of the priority industries of the national interest, economic growth, and increased productivity. In order for the survival of a company is maintained, then the management should be able to maintain or even more spur increased performance. Various analyzes were developed to predict the beginning of the bankruptcy of the company. One analysis is widely used today is the analysis of Altman Z-Score, which this analysis refers to the financial ratios of the company. The purpose of this study was to analyze the bankruptcy of the automotive components companies that go public in Indonesia Stock Exchange year period 2011–2015. This study used a sample of four companies from the automotive components sector. Source of data is done by using secondary data. The data is processed by the method of the Z-score formula Z = 1,2X1 + 1,4X2 + 3,3X3 + 0,6X4 + 0,999X5. With the description of Z < 1,8 the company categorized into unhealthy/will be bankrupt, the value Z 1,8 < 2,99 the company is considered to be in the uncertain/grey area and the value of Z > 2,99 then the company is in a very healthy. In general, the results of these studies indicate that the four automtive components companies namely PT Astra Otoparts year 2011 value of Z = 14,67 year 2012 value of Z = 10,88 year 2013 value of Z = 13,90 year 2014 value of Z = 10,54 year 2015 value of Z = 4,94, PT Gajah Tunggal year 2011 value of Z = 5,72 year 2012 value of Z = 4,75 year 2013 value of Z = 3,10 year 2014 value of Z = 2,79 year 2015 value of Z = 1,58 and the average value of 2011-2015 periode Z = 3,59, PT Goodyear Indonesia year 2011 value of Z = 2,07 year 2012 value of Z = 2,44 year 2013 value of Z = 2,57 year 2014 value of Z = 2,02 year 2015 value of Z = 2,76, PT Indomobil Sukses Internasional year 2011 value of Z = 6,19 year 2012 value of Z = 3,99 year 2013 value of Z = 3,17 year 2014 value of Z = 2,59 year 2015 value of Z = 1,74. The average value 2011-2015 period showed 3 companies are in very healthy state and 1 company is in the uncertain/grey area. Keywords: Financial Ratio Analysis, Analysis of bankruptcy, Altman Z-Score Analysis, Automotive Components Company, Go Public.

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Analysis of bankruptcy issues at manufacturing companies, sub-sectors of cosmetics and houseappliances registered in Indonesia Stock Exchange (IDX) year 2015-2017 using Altman Z-score

The Accounting Journal of Binaniaga ◽

10.33062/ajb.v4i01.357 ◽

2019 ◽

Vol 4 (01) ◽

pp. 27

Author(s):

Indar Khaerunnisa ◽

Nur Anisa Rahayu

Keyword(s):

Financial Performance ◽

Financial Distress ◽

Stock Exchange ◽

Manufacturing Companies ◽

Z Score ◽

Marketing Performance ◽

Grey Area ◽

Manufacturing Company ◽

Score Model

This research aims to figure out the level of companies bankruptcy by applying Altman Z-Score at the manufacturing companies registered in the Indonesia Stocks Exchange. The result of the research has indicated that ZScore model is applicable to detect the company’s potential bankruptcy issues, especially manufacturing company subsectors of cosmetics and houseappliances. Altman Z-Score model has classified the companies into three categories; safe, grey area and distress. Based on the result of the research, for the companies which are in the grey area category are suggested to improve their financial performance and to use the benefit of all the assets properly to get the revenue as much as possible. However, for the companies which are in the safe category are suggested to increase their performance, especially marketing performance so that they will receive bigger amount of the revenue, nevertheless, the potential of financial distress can be minimized accordingly. Keywords: manufacturing company, financial distress, Altman Z-Score.

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Pengaruh Pendapatan Pembiayaan Mudharabah terhadap Profitabilitas (ROA) pada PT. Bank Muamalat Indonesia Tbk. Periode 2011-2015

Tasharruf: Journal Economics and Business of Islam ◽

10.30984/tjebi.v2i2.529 ◽

2018 ◽

Vol 2 (2) ◽

Author(s):

Indah Wahyuningsih

Keyword(s):

Descriptive Analysis ◽

Secondary Data ◽

Revenue Sharing ◽

Financial Statement ◽

Net Income ◽

Total Revenue ◽

Return On Assets ◽

Quantitative Descriptive Analysis ◽

Quantitative Descriptive ◽

Research Show

This research is about the influence of financing mudharabahincome of the result of profitability (return on assets) at PT. Bank Muamalat Indonesia Tbk. for period 2011 until 2015. The main problem in this research is how much financing mudharabahincome that calculated by ratio of mudharabahwhich is ratio of mudharabahincome and total revenue sharing income, influencing the profitability that calculated by return on assets (ROA) which is ratio of net income and total assets. This research has a purpose to describe and explain the influence between financing mudharabahincome with profitability (return on assets) at PT. Bank Muamalat Indonesia Tbk. for period 2011 until 2015. Research methods used in this research is quantitative descriptive analysis. The data used in this research is secondary data, in the form of financial statement of PT. Bank Muamalat Indonesia Tbk. as the population and the samples consist of quarter financial statement of PT. Bank Muamalat Indonesia that published from 2011 until 2015. The statistic method used to test the research hypothesis is simple regression. After following the quantitative procedural, the result of this research show that financial mudharabahincome has influence the profitability, which is proved with the significant value is 0,009 that smaller than 0.05. It means that financial musharabahincome has influence the profitability. Keyword : Mudharabah, Profitability, Return on Assets (ROA)

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Analysis of Method Used to Predict Financial Distress Potential in Pulp and Paper Companies of Indonesia

International Journal of Economics Development Research (IJEDR) ◽

10.37385/ijedr.v1i1.29 ◽

2020 ◽

Vol 1 (1) ◽

pp. 57-69

Author(s):

Fadrul Fadrul ◽

Ridawati Ridawati

Keyword(s):

Financial Distress ◽

Stock Exchange ◽

Descriptive Analysis ◽

Prediction Method ◽

Pulp And Paper ◽

Z Score ◽

Accuracy Rate ◽

Error Type ◽

Paper Company ◽

Score Method

This study aims to predict financial distress in pulp and paper companies in Indonesia. The data used are the financial statements of each pul and paper company listed on the Indonesia Stock Exchange in 2012-2017. Data analysis techniques used descriptive analysis with three methods of financial distress prediction, namely the Altman Z-Score, Springate, and Zmijewski methods. The results showed that the Zmijewski method is a prediction method with the highest accuracy rate of 100%, with an error type of 0%. The Altman Z-Score method has an accuracy rate of 28.6%, with an error type of 71.4%. While the Springate method has an accuracy rate of 14.3%, with an error type of 85.7%. Therefore an accurate prediction method to predict the potential for financial distress is the Zmijewski method.

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ANALISIS KINERJA KEUANGAN UNTUK MEMPREDIKSI FINANCIAL DISTRESS MENGGUNAKAN METODE Z-SCORE PADA PT INDOFARMA, TBK (studi pada BEI periode 2012-2016)

JIMEK : Jurnal Ilmiah Mahasiswa Ekonomi ◽

10.30737/jimek.v1i1.288 ◽

2019 ◽

Vol 1 (1) ◽

Author(s):

Danuk Windasari ◽

Budi Rahayu ◽

Marwita Andarini

Keyword(s):

Financial Performance ◽

Financial Distress ◽

Secondary Data ◽

Ratio Analysis ◽

Z Score ◽

Descriptive Data ◽

Financial Position ◽

Gray Area ◽

Score Method ◽

Quantitative Descriptive

Ratio analysis is one of the important tools to know the company's financial position. One of its uses is used to predict financial distress. The purpose of this study is to determine the company's financial performance in predicting financial distress at PT Indofarma Tbk through the Z-Score method for the period 2012-2016. The type of research used is quantitative descriptive. Data obtained from secondary data is through the site www.idx.co.id. The results showed that PT Indofarma Tbk in its financial performance in the years under study was less efficient or faced the threat of serious bankruptcy, whereas in the previous year the company was in a gray area or prone condition. Analisis rasio merupakan salah satu alat penting mengetahui posisi keuangan perusahaan. Salah satu kegunaanya digunakan untuk memprediksi financial distress. Tujuan penelitian ini untuk mengetahui kinerja keuangan perusahaan dalam memprediksi fianancial distress pada PT Indofarma Tbk meflalui metode Z-Score periode 2012-2016. Jenis penelitian yang digunakan deskriptif kuantitatif. Data yang diperoleh dari data sekunder yaitu melalui situs www.idx.co.id. Hasil penelitian menunjukkan bahwa PT Indofarma Tbk dalam kinerja keuangannya pada tahun-tahun yang diteliti kurang efisien atau menghadapi ancaman kebangkrutan serius, sedangkan ditahun sebelumnya perusahaan berada pada kondisi grey area atau rawan .

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Tendensi dan komparasi Produk Domestik Regional Bruto dan Indeks Pembangunan Manusia Provinsi Kepulauan Bangka Belitung dan Kepulauan Riau

SOROT ◽

10.31258/sorot.16.1.25-32 ◽

2021 ◽

Vol 16 (1) ◽

pp. 25

Author(s):

Sarpina Sarpina ◽

Aning Kesuma Putri ◽

Hadi Suroso

Keyword(s):

Human Development ◽

Human Development Index ◽

Descriptive Analysis ◽

Secondary Data ◽

Central Bureau ◽

Domestic Product ◽

Quantitative Descriptive Analysis ◽

Development Index ◽

Quantitative Descriptive

Penelitian ini bertujuan untuk mengetahui tren dan perbandingan IPM dan PDRB di Provinsi Kepulauan Riau dan Bangka Belitung. Data yang digunakan dalam penelitian ini adalah data sekunder yang diperoleh dari berbagai sumber dan publikasi dari Badan Pusat Statistik Provinsi Kepulauan Riau and Bangka Belitung tahun 2014-2018. Analisis deskriptif kuantitatif untuk menjelaskan fenomena indeks pembangunan manusia dan PDRB di kedua provinsi tersebut. Temuan studi menemukan bahwa indeks pembangunan manusia dan produk domestik regional bruto mengalami peningkatan. Kondisi IPM di Provinsi Kepulauan Bangka Belitung dan Kepulauan Riau semakin membaik setiap tahunnya, dengan rata-rata IPM tertinggi selama periode 2014-2018. PDRB Kepualau Riau cenderung tumbuh lebih cepat dibanding Bangka Belitung. PDRB Provinsi Kepulauan Bangka Belitung dan Kepulauan Riau juga cenderung meningkat setiap tahun dengan rata-rata IPM selama periode 2014-2018. Kecenderungan pertumbuhan IPM Bangka Belitung lebih cepat dibandingkan di Kepulauan Riau.This study aims to determine the trend and comparison of HDI and GRDP in the Provinces of Riau Islands and Bangka Belitung. The data used in this study are secondary data obtained from various sources and publications from the Central Bureau of Statistics, Bangka Belitung and Riau Islands Province 2014-2018. A quantitative descriptive analysis to explain the phenomenon of the human development index and GRDP in the two provinces. The findings of the study found that the human development index and gross regional domestic product have increased. The HDI conditions in the Province of Bangka Belitung Islands and Riau Islands are getting better every year, with the highest HDI average during the 2014-2018 period. PDRB Kepualau Riau tends to grow faster than Bangka Belitung. The GRDP of the Bangka Belitung Islands and Riau Islands Provinces also tends to increase every year with an average HDI during the 2014-2018 period. The tendency of Bangka Belitung HDI growth is faster than in the Riau Islandscrisis is statistically significant to affect the gross regional domestic product growth.

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