PENGUKURAN TINGKAT KESEHATAN DAN GEJALA FINANCIAL DISTRESS DENGAN METODE SPRINGATE, ZMIJEWSKI, DAN GROVER

Abstract

This research aims to determine the category of financial distress or non-financial distress with the financial condition of state-owned banks using the methods Springate, Zmijewski, and Grover and to determine the level of accuracy in predicting. Type of research conducted in this research using descriptive study. The population used as the object of research is the state-owned banks which listed in the Indonesia Stock Exchange. Sampling using sampling saturated all state-owned banks of BUMN for the period of 2012-2016 as many as 4 companies include PT Bank Negara Indonesia Tbk, PT Bank Rakyat Indonesia Tbk, PT Bank Tabungan Negara Tbk and PT Bank Mandiri Tbk. Data analysis techniques used are Springate (S-Score), Zmijewski (X-Score), and Grover (G-Score). The results showed that using the method of Springate (S-Score) and Zmijewski (X-Score) methods of all state-owned banks are in the category of financial distress, and using the grover method of all commercial banks BUMN does not have financial difficulties (financial distress). Grover method has the highest accuracy without any error type, followed by Springate method and Zmijewski method. Grover method is the most suitable model to be applied to the company of commercial banks, SOEs.
Keywords: financial distress, springate, zmijewski and grover