Analisis Prediksi Potensi Kebangkrutan Dengan Metode Altman Z-Score Pada Perum BULOG di Indonesia Periode 2021-2023

Abstract

This research was conducted with the aim of finding out predictions of the possibility of bankruptcy at Perum BULOG Indonesia for the 2021-2023 period using the Altman Z-Score Method. The results of this analysis will show how likely bankruptcy is to occur in the company. The data source used is secondary data obtained from the official website of Perum BULOG Indonesia using quantitative descriptive methods as the data collection method. There are four financial ratios used in the Altman Z-Score method: Working capital to total assets, retained earnings to total assets, earnings before interest and taxes to total assets, and market value of equity to total liabilities. The results of the discussion show that over the last three years, Perum BULOG has never been in a healthy or safe zone from bankruptcy, seen from the values resulting from the four ratios and using the formula that has become the provision for calculating the Altman Z-Score.