Analysis of Financial Statements and Currency Prediction

Sebayang, Minda Muliana and Supriyanto, Supriyanto and Lisnawati, Lisnawati and Rahmaniar, Rahmaniar and Ismail, Ismail (2019) Analysis of Financial Statements and Currency Prediction. In: WESTECH 2018, 8 December 2018, Medan, Indonesia.

[thumbnail of PDF]
Text (PDF)
eai.8-12-2018.2283832.pdf - Published Version

Download (330kB) | Preview


This study aims to test the prediction of insurance in the pharmaceutical company which is listed on the Indonesia Stock Exchange using the Altman Z-Score Method. This study uses secondary data on Pharmaceutical Companies, namely PT Indofarma Tbk, PT Kimia Farma Tbk, PT Kalbe Farma Tbk, PT Merck Tbk, and PT Tempo Scan Pacific Tbk 2012-2016 period using analytical technical quantitative descriptive. Liquidity ratios X1, X2, and X3 profitability, activity X4 and X5. It has the formula Z-Score = 1.2 X1 + 1.4 X2 + 3.3 X3 + 0.6 X4 + 1.0 X5 within the Z-Score assessment criteria> 2.99 is categorized as a very healthy company. 1.81 <Z-score <2.99 are saved, and the possibility of bankruptcy as much depends on the company's management policy decisions as decision makers. The Z-score <1.81 is categorized as a company that has enormous financial difficulties and is at high risk so that the possibility of bankruptcy is very large. The two companies in PT Indofarma in 2012, 2013 and 2015.Two companies in the state of non-financial distress of PT Kimia Farma in 2012, 2015 and 2016, PT Merck Tbk in 2012 -2015. During PT Kalbe Frama and PT Tempo Scan, Pacific is in the gray area.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: altman z-score pharmaceutical healthy company
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: EAI Editor IV
Date Deposited: 12 Aug 2021 09:49
Last Modified: 12 Aug 2021 09:49

Actions (login required)

View Item
View Item