ANALISIS DISKRIMINAN ALTMAN Z-SCORE UNTUK MEMPREDIKSI KEBANGKRUTAN PADA PERUSAHAAN RITEL GO PUBLIC

Abstract

The purpose of this research is to predictthe bankruptcy potency of the retail companieswhich are listed
in Indonesia Stock Exchange by using the Altman Z-score discriminant analysis. The data is the
secondary data in the form of the data of financial statement of the company from 2012 to 2014. The
sample collection technique has been done by using purposive sampling. The samples are 5
companies,i.e.: PT ErajayaSwasembada, Tbk., PT Global Teleshop, Tbk., PT MitraAdiperkasa, Tbk.,
PT SumberAlfariaTrijaya, Tbk. and PT Supra Boga Lestari, Tbk. the Z-score value is calculated by
using four ratiosi.e.: work capital ratio to the Total Assets (X1), Retained Earnings Ratio to the Total Assets (X2
), Earnings ratio before Interest and tax to the total assets (X3), andCapital Marketvalue
Ratio to the Book Valueof TotalDebt (X4). It has been obtained from the result of the research which is
done by using Altman Z score that the result of five samples, i.e.: one company that is predicted has
the potency of bankruptcy is PT Sumber Alfaria Trijaya, Tbk., one company is categorized in
potentially prone to bankruptcy is PT Mitra Adiperkasa, Tbk., and three companies which are
categorized in healthy criteria company are PT Erajaya Swasembada, Tbk., PT Global Teleshop, Tbk.
and PT Supra Boga Lestari, Tbk. 

Keywords:Bankruptcy Prediction, Altman Z Score Analysis.