Prediksi Financial Distress menggunakan Metode Altman Z-Score Modifikasi pada Anak Perusahaan PT XYZ yang Melakukan Impor Tahun 2020-2024

Pertiwi, Nastiti Putri (2025) Prediksi Financial Distress menggunakan Metode Altman Z-Score Modifikasi pada Anak Perusahaan PT XYZ yang Melakukan Impor Tahun 2020-2024. Jurnal Simki Economic, 8 (2). pp. 593-604. ISSN 2599-0748

	Text Halaman Persetujuan Publikasi Jurnal .pdf Download (1MB)
	Text (Artikel Publikasi) 572 Download (3kB)

Abstract

This study predicts the financial condition of PT XYZ subsidiaries, particularly those engaged in import activities, in the 2020-2025 period. The phenomenon of exchange rate fluctuations has more or less affected the company's performance in both the short and long term. This study aims to identify the company's financial health before the potential for bankruptcy arises. Using a quantitative approach with descriptive methods, this study collected data through interviews and documentation. The object of the study was the annual financial report of PT YKP for the 2020-2025 period. The data analysis tool used Microsoft Excel with the Modified Altman Z-Score formula model that uses 4 (four) financial ratios, namely the Working Capital to Total Assets Ratio, the Retained Earnings to Total Assets Ratio, the Earnings Before Interest and Tax to Total Assets Ratio, and the Equity to Total Liabilities Ratio. The calculation results will indicate the category of the company in a safe condition, a gray zone, and in a difficult condition. The results of the study show that from 2020 to 2023, the company demonstrated healthy and stable financial performance, marked by a Z-Score value above 2.6, indicating that the company was not experiencing financial difficulties and was in a safe zone. However, in 2024, there was a significant change where PT YKP Z-Score value dropped to a range between 1.1 and 2.6, which placed the company in the gray area, an indication that the company was starting to be at risk of experiencing financial difficulties.

Item Type:	Article
Uncontrolled Keywords:	Financial Distress, Modified Altman Z-Score, Manufacturing Company.
Subjects:	Economic And Business Economic And Business > Management
Divisions:	Faculty of Economic and Business > Entrepreneurship Study Program
Depositing User:	NASTITI PUTRI PERTIWI
Date Deposited:	17 Jun 2026 02:49
Last Modified:	17 Jun 2026 02:49
URI:	http://eprints.umg.ac.id/id/eprint/16118

Actions (login required)

View Item