Research Article
Analysis of Financial Statements and Currency Prediction
@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
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.
