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Journal : JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi)

Analysis of Potential Bankruptcies Using the Altman Z-Score and Springate Score Methods in The Textile and Garment Sub-Sector Manufacturing Companies Listed on The Indonesian Stock Exchange (IDX) For The 2014-2019 Period Reni Octaviani; Dudi Haryadi
JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi) Vol 5 No 2 (2021): August
Publisher : Program Studi Akuntansi Universitas Langlangbuana Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/jasa.v5i2.1699

Abstract

This study aims to determine whether or not there are differences in predictions bankruptcy between the Altman Z-Score and the Springate Score methods in textile and garment manufacturing companies listed on the stock Exchange Indonesia (IDX) for the 2014-2019 period. In this study, the independent variable (X) is the Altman Z-Score and Springate Score, while the dependent variable (Y) is bankruptcy. Bankruptcy is a condition that occurs when an organization is no longer able to pay off its debts. This situation does not just appear in a company, but can be seen from the condition of its financial statements. Financial distress is the initial gateway to bankruptcy. Financial distress is a stage of decline in financial conditions marked by a decrease in profit or even profit negative. This study uses secondary data in the form of financial reports annual of companies in the textile and garment sub sector. This study uses purposive sampling technique in determining the sample, so that five companies can be sampled. The test used in this study is the independent sample t-test with SPSS 21. The final result of this study is that there is no difference in the result of predictions bankruptcy between the Altman Z-Score and the Springate Score methods. This happens because both methods have a high degree of accuracy.
The Effect of Return On Assets (ROA) and Dividend Payout Ratio (DPR) on Return of LQ45 Company Shares Listed on the Indonesia Stock Exchange (IDX) for the 2019-2021 Period Anggia Yustiana Fahira; Dudi Haryadi
JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi) Vol 6 No 3 (2022): December
Publisher : Program Studi Akuntansi Universitas Langlangbuana Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/jasa.v6i3.2047

Abstract

The purpose of this research is to analyze the influence of return on assets and dividend payout ratio on stock return. Their search population are companies incorporated in LQ45 index and listed on the Indonesia Stock Exchange year 2019-2021. By using purposive sampling method, obtained 63 financial statements from 21 different companies that meet predetermined criteria. The research conducted using multiple regression analysis method. The result showed that return on assets has no significant effect on stock return, dividend payout ratio negatively and significantly affected stock return, also simultaneously return on assets and dividend payout ratio have no significant effect on stock return.