Browsing by Author "Rahmawati, Widya"

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    ANALYSIS OF ZMIJEWSKI METHOD TO PREDICT BANKRUPTCY IN SERVICE INDUSTRY COMPANIES (CASE STUDY IN SUB SECTOR RETAIL TRADE COMPANIES LISTED ON INDONESIA STOCK EXCHANGE PERIOD 2015-2019)
    (Solid State Technology Volume: 63 Issue: 3, 2020) Firmanzani, Muhammad Anfaza; Rahmawati, Widya; Santosa, Dafi Tianto; Kisya, Andita Alvidia; Hendiarto, R Susanto
    In the 21st century, the dynamic global and national economic conditions during 2015-2019 are a real challenge for businesses in Indonesia, especially retail companies. The weakening of world commodity prices and demand, due to the sluggish economy of China as a major supplier country, low domestic consumption accompanied by a strengthening of the dollar currency at the end of 2015 caused the global economy to experience a significant slowdown, as well as the election of President Donald J. Trump in 2016 who triggered a trade war in the following year which made the world economy even more uncertain. As a result, the national economy has been affected, as can be seen from Indonesia's stagnant economic growth of just 4%, the low purchasing power of the public has become a more real threat of bankruptcy for retail companies. The purpose of this research is based on industrial phenomena and problems that occur in Indonesia. The bankruptcy analysis model used in this study is the Zmijewski model (X-Score). The research was conducted on the retail industry listed on the IDX for the 2015-2019 period. This type of research is a descriptive research with a case study approach. The researcher limits the research into three objects which are the focus of the research, namely ROA (Return on Assets), DAR (Debt to Assets Ratio), and Current ratio which are variables of the Zmijewski X-Score formula. The results of this study show that of the 17 retail companies sampled, 24% or as many as 4 companies indicated that there were indications of potential bankruptcy and the remaining 76% or as many as 13 companies were companies that were in healthy condition for 5 consecutive years.