Abstract
Abstract: Bankruptcy Prediction Analysis Based on the Altman Z-Score Method (Case Study ofState-Owned Banks Registered on the IDX). Bankruptcy phenomena can occur in every company.Based on data from the Deposit Insurance Agency (LPS), there were 90 banks liquidated since 2005 until mid-2018. Based on the phenomenon of bankruptcy that occurred, it was important for banks to be no exception for state-owned banks to recognize the symptoms of financial distress thatled to bankruptcy. The purpose of this study was to determine the prediction of bankruptcy basedon the Altman Z-Score method on state-owned banks listed on the Indonesia Stock Exchange (IDX).The data analysis technique used in this study is descriptive analysis techniques. The sample inthis study used four state-owned banks, namely Bank Negara Indonesia, Bank Rakyat Indonesia,Bank Tabungan Nasional, and Bank Mandiri with the technique of determining saturated samplingsamples and the data used were financial statements for the 2014-2017 period obtained throughofficial IDX sites (www.idx.co.id). The results of the study show that all state-owned banks are inthe gray area for the period of 2014-2017 because the value of the Z-score obtained is between 1.1and 2.6.
Highlights
Abstrak: Analisis Prediksi Kebangkrutan Berdasarkan Metode Altman Z-Score (Studi Kasus Pada Bank BUMN Yang Terdaftar di Bursa Efek Indonesia (BEI))
Bankruptcy Prediction Analysis Based on the Altman Z-Score Method
Case Study of State-Owned Banks Registered on the Indonesia Stock Exchange (IDX)
Summary
HASIL DAN PEMBAHASAN Nilai Z-Score dan diklasifikasikan ke dalam keadaan aman, grey area atau bangkrut pada setiap Bank BUMN, maka yang dilakukan adalah menghitung rasio keuangan Bank BUMN dengan rumus Altman Z-Score modifikasi. Berikut ini perhitungan dan analisis rasio keempat variabel berdasarkan laporan keuangan publikasi Bank BUMN tahun 20142017.Net Working Capital to Total Assets (X1). Jumlah modal kerja bersih dari masingmasing Bank BUMN, maka selanjutnya adalah menghitung rasio Net working capital to total assets (X1) Hasil perhitungan rasio net working capital to total assets (X1) dapat dilihat pada Tabel 3. Nilai rasio X2 yang paling rendah dimiliki oleh Bank BTN yaitu pada tahun 2014 sebesar 0,035 atau sebesar 3,5% yang artinya, setiap penggunaan Rp 1 aktiva yang dimiliki oleh oleh Bank BTN akan menghasilkan retained earnings sebesar Rp 0,035. Nilai rasio X2 terbesar dimiliki oleh Bank BRI yaitu pada tahun 2017 sebesar 0,128 atau sebesar 12,8%yang artinya, setiap penggunaan Rp 1 aktiva yang dimiliki oleh Bank BRI akan menghasilkan retained earnings sebesar Rp 0,128
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