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IJSTR >> Volume 8 - Issue 3, March 2019 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



Analysis Of Profit Performance And Asset Management To Financial Distress Bakrie Group Company Listing In Indonesia Stock Exchange

[Full Text]

 

AUTHOR(S)

Andi Ratna Sari Dewi, Eka Wahyuliana

 

KEYWORDS

Altman Z-score, return on asset, return on equity, receivable turnover, inventory turnover

 

ABSTRACT

Financial distress is a condition where the company's finances are in an unhealth or a crisis that can lead to bankruptcy. This study aims to analyze the return on asset (ROA), return on equity (ROE), receivable turnover (RT), and inventory turnover (IT) to financial distress. By taking samples using purposive sampling, the sample of this research is five Bakrie Group companies that meet the criteria of ten population of Bakrie Group companies listing in Indonesia Stock Exchange. The research data are quarterly financial reports from 2012 to 2016 as many as 100 financial statement data. Financial distress analysis technique in this study using Altman Z-score method with the formula Z = 6.56X1 + 3.26X2 + 6.72X3 + 1.05X4. The Z-score indicator for determining financial distress is grouped into categories, non-financial distress (Z> 2.99), gray area (1.81

 

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