ANALISIS ALTMAN Z”SCORE MODIFICATION DALAM MEMPREDIKSI FINANCIAL DISTRESS PERUSAHAAN PUBLIK SUB SEKTOR TRANSPORTASI YANG TERDAFTAR DI BURSA EFEK INDONESI (BEI)

Abstract

This study aims to predict financial distress of transportation sub-sector companies listed on the Indonesia Stock Exchange (IDX) using the Altman Z "Score Modification method. The data used is the company's financial statements for the 2019-2022 period. The sample for this study used purposive sampling in accordance with the company's criteria. The results of the study using the Altman Z "Score Modification method found that every year there are companies that are predicted to experience financial distress. In 2019 there were 6 companies that were predicted to experience financial distress, namely GIAA, ASSA, BTPR. TRJA, CMPP, and TAXI. In 2020, the 6 companies, namely GIAA, ASSA, BTPR, TRJA, CMPP, and TAXI, experienced financial distress again. In 2021 the number of companies experiencing financial distress is only 5 companies, namely GIAA, ASSA, BTPR, CMPP, and TAXI. However, in 2022 there were again 6 companies experiencing financial distress, namely ASSA, LRNA, BTPR, CMPP, TAXI, and Heli. Of the 9 companies, only 1 company has a healthy financial condition, namely PT Blue Bird Indonesia (BIRD), because for 4 years it has always been in the safe zone with a Z "score value above 2.6.