Proceedings of 1st Workshop on Environmental Science, Society, and Technology, WESTECH 2018, December 8th, 2018, Medan, Indonesia

Research Article

Analysis of Financial Statements and Currency Prediction

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  • @INPROCEEDINGS{10.4108/eai.8-12-2018.2283832,
        author={Minda Muliana Sebayang and Supriyanto  Supriyanto and Lisnawati  Lisnawati and Rahmaniar  Rahmaniar and Ismail  Ismail},
        title={Analysis of Financial Statements and Currency Prediction},
        proceedings={Proceedings of 1st Workshop on Environmental Science, Society, and Technology, WESTECH 2018, December 8th, 2018, Medan, Indonesia},
        publisher={EAI},
        proceedings_a={WESTECH},
        year={2019},
        month={6},
        keywords={altman z-score pharmaceutical healthy company},
        doi={10.4108/eai.8-12-2018.2283832}
    }
    
  • Minda Muliana Sebayang
    Supriyanto Supriyanto
    Lisnawati Lisnawati
    Rahmaniar Rahmaniar
    Ismail Ismail
    Year: 2019
    Analysis of Financial Statements and Currency Prediction
    WESTECH
    EAI
    DOI: 10.4108/eai.8-12-2018.2283832
Minda Muliana Sebayang1,*, Supriyanto Supriyanto2, Lisnawati Lisnawati3, Rahmaniar Rahmaniar4, Ismail Ismail5
  • 1: Department of Accounting, Sekolah Tinggi Ilmu Ekonomi IBBI, Medan, Indonesia
  • 2: Department of Business Administration, Politeknik LP3I Medan, Medan, Indonesia
  • 3: Department of Financial Analysis, Politeknik Kutaraja, Banda Aceh, Indonesia
  • 4: Department of Accounting, Politeknik Kutaraja, Banda Aceh, Indonesia
  • 5: Department of Office Administration, Politeknik Kutaraja, Banda Aceh, Indonesia
*Contact email: minda_sebayang@yahoo.co.id

Abstract

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.