BANKRUPTCY PREDICTION OF LISTED CEMENT COMPANY IN INDONESIAN STOCK EXCHANGES USING ALTMAN Z-SCORE MODEL
Ratio analysis is one of the most competent tools to predict the bankruptcy of a company. In this paper the bankruptcy prediction of listed cement company in Indonesian Stock Exchanges has been evaluated using Altman Z-score. This study aims to determine the level of the bankruptcy of the listed cem...
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| Format: | Article |
| Language: | English |
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Universitas Ahmad Dahlan
2019-10-01
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| Series: | Spektrum Industri: Jurnal Ilmiah Pengetahuan dan Penerapan Teknik Industri |
| Subjects: | |
| Online Access: | http://journal.uad.ac.id/index.php/Spektrum/article/view/13961 |
| _version_ | 1818173971737083904 |
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| author | Arifia Fitriani Alizar Hasan Ahmad Syafruddin Indrapriyatna |
| author_facet | Arifia Fitriani Alizar Hasan Ahmad Syafruddin Indrapriyatna |
| author_sort | Arifia Fitriani |
| collection | DOAJ |
| description | Ratio analysis is one of the most competent tools to predict the bankruptcy of a company. In this paper the bankruptcy prediction of listed cement company in Indonesian Stock Exchanges has been evaluated using Altman Z-score. This study aims to determine the level of the bankruptcy of the listed cement companies in the Indonesian Stock Exchange during 2013 to 2017. There are four listed cement companies, namely PT Semen A, PT Semen B, PT Semen C and PT Semen D. Based on the results of the research, it shows that PT Semen A, PT Semen B and PT Semen C are in the safe zone with the highest Z value which is 15,822 and the lowest Z value which is 3,542. PT Semen D is in the bankrupt zone because it has a Z value below 1.8. For that reason, all companies need to improve the performance immediately to avoid the bankruptcy happening. There are many ways to avoid the bankruptcy such as improving the sales revenue, improving operational cost and waste reduction in operation. |
| first_indexed | 2024-12-11T19:36:59Z |
| format | Article |
| id | doaj.art-1e296b515a4f4115b2f23b9391b5934f |
| institution | Directory Open Access Journal |
| issn | 1693-6590 2442-2630 |
| language | English |
| last_indexed | 2024-12-11T19:36:59Z |
| publishDate | 2019-10-01 |
| publisher | Universitas Ahmad Dahlan |
| record_format | Article |
| series | Spektrum Industri: Jurnal Ilmiah Pengetahuan dan Penerapan Teknik Industri |
| spelling | doaj.art-1e296b515a4f4115b2f23b9391b5934f2022-12-22T00:53:08ZengUniversitas Ahmad DahlanSpektrum Industri: Jurnal Ilmiah Pengetahuan dan Penerapan Teknik Industri1693-65902442-26302019-10-01172167178http://dx.doi.org/10.12928/si.v17i2.13961BANKRUPTCY PREDICTION OF LISTED CEMENT COMPANY IN INDONESIAN STOCK EXCHANGES USING ALTMAN Z-SCORE MODELArifia Fitriani0Alizar Hasan1Ahmad Syafruddin Indrapriyatna2Industrial Engineering Department, Faculty of Engineering, Andalas UniversityIndustrial Engineering Department, Faculty of Engineering, Andalas UniversityIndustrial Engineering Department, Faculty of Engineering, Andalas UniversityRatio analysis is one of the most competent tools to predict the bankruptcy of a company. In this paper the bankruptcy prediction of listed cement company in Indonesian Stock Exchanges has been evaluated using Altman Z-score. This study aims to determine the level of the bankruptcy of the listed cement companies in the Indonesian Stock Exchange during 2013 to 2017. There are four listed cement companies, namely PT Semen A, PT Semen B, PT Semen C and PT Semen D. Based on the results of the research, it shows that PT Semen A, PT Semen B and PT Semen C are in the safe zone with the highest Z value which is 15,822 and the lowest Z value which is 3,542. PT Semen D is in the bankrupt zone because it has a Z value below 1.8. For that reason, all companies need to improve the performance immediately to avoid the bankruptcy happening. There are many ways to avoid the bankruptcy such as improving the sales revenue, improving operational cost and waste reduction in operation.http://journal.uad.ac.id/index.php/Spektrum/article/view/13961ratio analysisbankruptcyaltman z-score |
| spellingShingle | Arifia Fitriani Alizar Hasan Ahmad Syafruddin Indrapriyatna BANKRUPTCY PREDICTION OF LISTED CEMENT COMPANY IN INDONESIAN STOCK EXCHANGES USING ALTMAN Z-SCORE MODEL Spektrum Industri: Jurnal Ilmiah Pengetahuan dan Penerapan Teknik Industri ratio analysis bankruptcy altman z-score |
| title | BANKRUPTCY PREDICTION OF LISTED CEMENT COMPANY IN INDONESIAN STOCK EXCHANGES USING ALTMAN Z-SCORE MODEL |
| title_full | BANKRUPTCY PREDICTION OF LISTED CEMENT COMPANY IN INDONESIAN STOCK EXCHANGES USING ALTMAN Z-SCORE MODEL |
| title_fullStr | BANKRUPTCY PREDICTION OF LISTED CEMENT COMPANY IN INDONESIAN STOCK EXCHANGES USING ALTMAN Z-SCORE MODEL |
| title_full_unstemmed | BANKRUPTCY PREDICTION OF LISTED CEMENT COMPANY IN INDONESIAN STOCK EXCHANGES USING ALTMAN Z-SCORE MODEL |
| title_short | BANKRUPTCY PREDICTION OF LISTED CEMENT COMPANY IN INDONESIAN STOCK EXCHANGES USING ALTMAN Z-SCORE MODEL |
| title_sort | bankruptcy prediction of listed cement company in indonesian stock exchanges using altman z score model |
| topic | ratio analysis bankruptcy altman z-score |
| url | http://journal.uad.ac.id/index.php/Spektrum/article/view/13961 |
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