PENGGUNAAN MODE ZMIJEWSKI, SPRINGATE, ALTMAN Z-SCORE, GROVER DAN ZAVGREN DALAM MEMPREDIKSI KEPAILITAN PERUSAHAAN (Studi empiris pada Perusahaan Telekomunikasi yang terdaftar di BEI Periode 2016-2017)

Abstract

ABSTRACK

The purpose of this study was to analyze and test the level of bankruptcy of a company from Zmijewski, Springate, Altman Z-Score, Grover, and Zavgren models in Telecommunications Company. In this study used the data were annual financial reports that have been published on the Indonesia Stock Exchange website. Sample in this study is the Telecommunications Company and the technique used in this study is purpose sampling technique with the criteria that the company has completed data in accordance with what is needed.

This result from calculations with those conducted in bankruptcy successively from 2016 until 2017 with the Zmijewski model there is one company, PT Bakrie Telecome, the Springate model, there are four companies, namely PT. Bakrie Telecome Tbk, PT. XL Axiata Tbk, PT. Smartfren Telecome Tbk, and PT. Indosat Tbk, Altman Z-Score model there are three companies, namely PT. Bakrie Telecome Tbk, PT. XL Axiata Tbk, and PT. Indosat Tbk, the Grover model, there are two companies experiencing bankruptcy, namely PT. Bakrie Telecome Tbk and PT. XL Axiata Tbk, and the last one used the Zavgren model, there were two companies experiencing bankruptcy in 2016 and 2017 respectively, namely PT. Smartfren Telecome TBK and PT. Telekomunikasi Indonesia TBK.

Keywords: Bankruptcy, Zmijewski, Springate, Altman Z-Score, Grover, and Zavgren