ANALISIS TINGKAT KEBANGKRUTAN PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed is to predict the level of bankruptcy in Food and Baverage companies which were listed on Indonesia Stock Exchange by using Springate (S-Score) analysis. While, the data were secondary which in the form of company financial statements during 2014-2018. Moreover, there were 4 companies, namely PT Bumi Teknokultura Unggul Tbk, PT Inti Agri Resources Tbk, PT Prasidha Aneka Niaga Tbk, and PT Tri Banyan Tirta Tbk as sample. Furthermore there were four ratios which analyzed by S-Score namely working capital on total asset, profit before interest and taxes on total asset, profit before tax on current debt, and sales on total assets. In addition, based on the research result, from Springate model (S-Score), it concluded there was one company which in the future with its category of bankrupt risk i.e. PT Prasidha Aneka Niaga Tbk.Additionally, there were three companies which in the future with its category of potentially bankrupt, i.e. PT Bumi Teknokultura Unggul Tbk, PT Inti Agri Resources Tbk, and PT Tri Banyan Tirta Tbk.
keywords: springate (s-score), bankruptcy, food baverage companies