Analisis Prediksi Kebangkrutan Menggunakan Metode Altman (Z-Score) Pada Perusahaan Farmasi (Studi Kasus Pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Tahun 2011 – 2015)
Abstract: This study aimed to
analyze the condition of the company using the Altman Z-Score to predict the
potential bankruptcy of the five pharmaceutical companies listed on the
Indonesia Stock Exchange in 2011 to 2015. The sampling method is using purposive sampling with a sample of
five pharmaceutical companies. This research is descriptive with quantitative
approach. The results showed that: (1)
in 2011 to 2015 the five pharmaceutical companies are in the good
category, the number of Z-Score from all
companies are ≥ 2.99. (2) Moreover from the five pharmaceutical companies that
were analyzed PT Merck Tbk in 2011, 2013 and 2014 had the highest number for
Z-Score at 8.45, 6.3 and 5.92. (3) PT Kalbe Farma Tbk in 2012 and 2014 had the
highest number for Z Score at 6.08 and 5.91. The results of this study are
expected for pharmaceutical companies to maintain liquidity to meet all its
obligations so that will interest
investors and creditors. Companies are expected to manage assets to increase sales and
generate profits.
Keywords: Pharmaceutical
Companies, Bankruptcy, Altman Z-Score
Penulis: fitria wulandari,
Burhanudin, Rochmi Widayanti
Kode Jurnal: jpmanajemendd170333
