Bankruptcy Prediction Analysis Using the Springate and Zmijewski Methods at PT Krakatau Steel (Persero) Tbk.

  • Ilmani Ganis Adzillah Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia
  • Djoni Djatnika Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia
  • Rosma Pakpahan Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia
  • Ulfah Nurul Fauziah Departement of Finance, National Yunlin University of Science and Technology, Yunlin, Taiwan
DOI: https://doi.org/10.35313/ijem.v3i1.3792
Keywords: bankruptcy, springate, zmijewski

Abstract

PT. Krakatau Steel (Persero) Tbk is the first steel-producing industry in Indonesia and was founded in 1970. In researching the company, two methods were used to predict the potential for bankruptcy: the Springate and Zmijewski methods. This type of research is descriptive research. The data used in this study is secondary data from PT Krakatau Steel (Persero) Tbk for the period 2016-2021. The results of this study indicate that based on the Springate method, PT. Krakatau Steel is predicted to go bankrupt. While the results obtained from the Zmijewski method show that from 2016 to 2018, PT. Krakatau Steel is predicted not to go bankrupt. However, in the calculations from 2019 to 2021, the Z value obtained is far above the value 0, which is the applicable cut-off value. This shows that PT. Krakatau Steel is predicted to go bankrupt.

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Published
2022-11-30
How to Cite
Adzillah, I. G., Djatnika, D., Pakpahan, R., & Fauziah, U. N. (2022). Bankruptcy Prediction Analysis Using the Springate and Zmijewski Methods at PT Krakatau Steel (Persero) Tbk. Indonesian Journal of Economics and Management, 3(1), 79-86. https://doi.org/10.35313/ijem.v3i1.3792
Issue
Vol 3 No 1 (2022): Indonesian Journal of Economics and Management (November 2022)
Section
Articles