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    Zscore Altman

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    Hendra Maulanasyah
    This document provides financial data for various companies in Indonesia, including their Altman Z-scores which are used to assess the risk of bankruptcy. The Z-scores are calculated using five financial ratios: working capital/total assets, retained earnings/total assets, EBIT/total assets, market value equity/total liabilities, and sales/total assets. Based on the Z-score, companies are categorized as safe with low risk of bankruptcy (Z-score >3), requiring attention (2.7-2.99), potentially experiencing financial distress in the next 2 years (1.8-2.69), or potentially facing bankruptcy (Z-score <1.8).

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    Zscore Altman

    Uploaded by

    Hendra Maulanasyah
    77 views3 pages
    This document provides financial data for various companies in Indonesia, including their Altman Z-scores which are used to assess the risk of bankruptcy. The Z-scores are calculated using five financial ratios: working capital/total assets, retained earnings/total assets, EBIT/total assets, market value equity/total liabilities, and sales/total assets. Based on the Z-score, companies are categorized as safe with low risk of bankruptcy (Z-score >3), requiring attention (2.7-2.99), potentially experiencing financial distress in the next 2 years (1.8-2.69), or potentially facing bankruptcy (Z-score <1.8).

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    This document provides financial data for various companies in Indonesia, including their Altman Z-scores which are used to assess the risk of bankruptcy. The Z-scores are calculated using five financial ratios: working capital/total assets, retained earnings/total assets, EBIT/total assets, market value equity/total liabilities, and sales/total assets. Based on the Z-score, companies are categorized as safe with low risk of bankruptcy (Z-score >3), requiring attention (2.7-2.99), potentially experiencing financial distress in the next 2 years (1.8-2.69), or potentially facing bankruptcy (Z-score <1.8).

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    77 views3 pages

    Zscore Altman

    Uploaded by

    Hendra Maulanasyah
    This document provides financial data for various companies in Indonesia, including their Altman Z-scores which are used to assess the risk of bankruptcy. The Z-scores are calculated using five financial ratios: working capital/total assets, retained earnings/total assets, EBIT/total assets, market value equity/total liabilities, and sales/total assets. Based on the Z-score, companies are categorized as safe with low risk of bankruptcy (Z-score >3), requiring attention (2.7-2.99), potentially experiencing financial distress in the next 2 years (1.8-2.69), or potentially facing bankruptcy (Z-score <1.8).

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 3

    RUMUS ALTMAN Z-SCORE Z-Score = 1,2X1 + 1,4X2 + 3,3X3 + 0,6X4 + 0,999X5

    EMITEN MGNA KINO DVLA SKBM TCID KICI


    TAHUN 2018 2018 2017 2017 2016 2016
    MODAL KERJA - 4,307,330,261 659,655,987,204 734,032,736 325,042,846,726 951,177,252,619 64,559,830,510
    - ASET LANCAR 34,421,460,904 1,975,979,249,304 1,175,655,601 836,639,597,232 1,174,482,404,487 79,416,740,506
    - UTANG LANCAR 38,728,791,165 1,316,323,262,100 441,622,865 511,596,750,506 223,305,151,868 14,856,909,996
    TOTAL ASET 204,476,568,540 3,592,164,205,408 1,640,886,147 1,623,027,475,045 2,185,101,038,101 139,809,135,385
    LABA DITAHAN - 80,423,484,439 788,270,353,870 806,512,172 215,372,236,498 1,493,933,401,031 - 21,117,380,337
    EBIT - 13,238,392,824 236,026,711,691 219,966,023 51,846,949,649 235,853,651,395 1,494,407,979
    NILAI PASAR EKUITAS (HARGA PASAR SAHAM X JUMLAH SAHAM BEREDAR) 50,154,048,850 4,000,000,200,000 2,195,200,000 1,234,092,300,155 2,513,333,337,500 33,120,000,000
    - HARGA PASAR SAHAM 50 2,800 1,960 715 12,500 120
    - JUMLAH SAHAM BEREDAR 1,003,080,977 1,428,571,500 1,120,000,000 1,726,003,217 201,066,667 276,000,000
    TOTAL UTANG 187,920,313,606 1,405,264,079,012 524,586,078 599,790,014,646 401,942,530,776 50,799,380,910
    PENJUALAN 257,437,549,951 3,611,694,059,699 1,575,647,308 186,165,342,708 2,526,776,164,168 99,382,027,031

    KETERANGAN KOEFISIEN JUMLAH


    X1 (MODAL KERJA/TOTAL ASET) 1.200 - 0.02107 0.18364 0.44734 0.20027 0.43530 0.46177
    X2 (LABA DITAHAN/TOTA ASET) 1.400 - 0.39331 0.21944 0.49151 0.13270 0.68369 - 0.15104
    X3 (EBIT/TOTAL ASET) 3.300 - 0.06474 0.06571 0.13405 0.03194 0.10794 0.01069
    X4 (NILAI PASAR EKUITAS/TOTAL UTANG) 0.600 0.26689 2.84644 4.18463 2.05754 6.25297 0.65198
    X5 (PENJUALAN/TOTAL ASET) 0.999 1.25901 1.00544 0.96024 0.11470 1.15637 0.71084
    Z-SCORE 0.62831 3.45671 5.13736 1.88063 6.74271 1.47925

    Z-SCORE KETERANGAN
    >3.00 Perusahaan dianggap aman/terhindar risiko kebangkrutan
    2.70-2.99 Terdapat kondisi keuangan perusahaan yang memerlukan perhatian khusus
    1.80-2.69 Perusahaan memiliki kemungkinan mengalami financial distress untuk 2 tahun kedepan
    <1.80 Perusahaan berpotensi mengalami kebangkrutan
    NO KODE NAMA PERUSAHAAN SAHAM
    38 PEHA Phapros Tbk. 840,000,000 1911
    31 MERK Merck Tbk. 448,000,000 1981
    52 UNVR Unilever Indonesia Tbk. 7,630,000,000 1982
    11 DLTA Delta Djakarta Tbk. 800,659,050 1984
    41 RMBA Bentoel Internasional Investam 36,401,136,250 1990
    43 SCPI Merck Sharp Dohme Pharma Tbk. 3,600,000 1990
    51 ULTJ Ultra Jaya Milk Industry & Tra 11,553,528,000 1990
    35 MYOR Mayora Indah Tbk. 22,358,699,725 1990
    16 HMSP H.M. Sampoerna Tbk. 116,318,076,900 1990
    14 GGRM Gudang Garam Tbk. 1,924,088,000 1990
    27 KLBF Kalbe Farma Tbk. 46,875,122,110 1991
    45 SKBM Sekar Bumi Tbk. 1,726,003,217 1993
    46 SKLT Sekar Laut Tbk. 690,740,500 1993
    49 TCID Mandom Indonesia Tbk. 201,066,667 1993
    25 KICI Kedaung Indah Can Tbk 276,000,000 1993
    33 MLBI Multi Bintang Indonesia Tbk. 2,107,000,000 1994
    1 ADES Akasha Wira International Tbk. 589,896,800 1994
    50 TSPC Tempo Scan Pacific Tbk. 4,500,000,000 1994
    22 INDF Indofood Sukses Makmur Tbk. 8,780,426,500 1994
    12 DVLA Darya-Varia Laboratoria Tbk. 1,120,000,000 1994
    29 LMPI Langgeng Makmur Industri Tbk. 1,008,517,669 1994
    39 PSDN Prasidha Aneka Niaga Tbk 1,440,000,000 1994
    34 MRAT Mustika Ratu Tbk. 428,000,000 1995
    5 BUDI Budi Starch & Sweetener Tbk. 4,498,997,362 1995
    7 CEKA Wilmar Cahaya Indonesia Tbk. 595,000,000 1996
    47 STTP Siantar Top Tbk. 1,310,000,000 1996
    2 AISA Tiga Pilar Sejahtera Food Tbk. 3,218,600,000 1997
    48 TBLA Tunas Baru Lampung Tbk. 5,342,098,939 2000
    21 INAF Indofarma (Persero) Tbk. 3,099,267,500 2001
    24 KAEF Kimia Farma (Persero) Tbk. 5,554,000,000 2001
    40 PYFA Pyridam Farma Tbk 535,080,000 2001
    20 IIKP Inti Agri Resources Tbk 33,600,000,000 2002
    4 BTEK Bumi Teknokultura Unggul Tbk 46,277,496,376 2004
    42 ROTI Nippon Indosari Corpindo Tbk. 6,186,488,888 2010
    19 ICBP Indofood CBP Sukses Makmur Tbk 11,661,908,000 2010
    30 MBTO Martina Berto Tbk. 1,070,000,000 2011
    3 ALTO Tri Banyan Tirta Tbk. 2,191,870,558 2012
    53 WIIM Wismilak Inti Makmur Tbk. 2,099,873,760 2012
    44 SIDO Industri Jamu dan Farmasi Sido 15,000,000,000 2013
    8 CINT Chitose Internasional Tbk. 1,000,000,000 2014
    32 MGNA Magna Investama Mandiri Tbk. 1,003,080,977 2014
    26 KINO Kino Indonesia Tbk. 1,428,571,500 2015

    18 HRTA Hartadinata Abadi Tbk. 4,605,262,400 2017


    54 WOOD Integra Indocabinet Tbk. 6,306,250,000 2017
    17 HOKI Buyung Poetra Sembada Tbk. 2,376,448,100 2017
    9 CLEO Sariguna Primatirta Tbk. 12,000,000,000 2017
    6 CAMP Campina Ice Cream Industry Tbk 5,885,000,000 2017
    37 PCAR Prima Cakrawala Abadi Tbk. 1,166,666,700 2017

    36 PANI Pratama Abadi Nusa Industri Tb 410,000,000 2018


    28 KPAS Cottonindo Ariesta Tbk. 768,042,782 2018
    15 GOOD Garudafood Putra Putri Jaya Tb 7,379,580,291 2018
    13 FOOD Sentra Food Indonesia Tbk. 650,000,000 2019
    10 COCO Wahana Interfood Nusantara Tbk 554,917,005 2019
    23 ITIC Indonesian Tobacco Tbk. 940,720,000 2019

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