Name :Rahmi
Class :3b/d3
NIM :361 10 040
Topic :Analysis of corporate
bankruptcy prediction using the z-score models
Analysis
of corporate bankruptcy prediction using the z-score models
ž Understanding
financial statement analysis
ž The
scope analysis of financial statement
ž Bankcrupty
analysis models
ž Result
analysis
ž Conclusion
1.
Understanding
financial statement analysis
2.
The
scope analysis of financial statement
a) Cash
flow analysis
b) Solvency
analysis
c) Profitability
analysis
d) Liquidity
analysis
e) Bankcrupty
prediction analysis
3.
Bankcrupty
analysis models
1.) Univariate
models
2.) Multivariate
models
·
Z-score
·
Logit
Altman found five financial ratios.
These five financial ratios are
1. Net
working capital/total assets (X1)
2. Retained
earning/total assets (X2)
3. Earnings
before interest and taxes/total assets (X3)
4. Market
value of equity/book value of liabilities (X4)
5. Sales/total
assets (X5)
1. Net
working capital to total assets (net working capital to total assets = X1)
2. Retained
earnings to total assets (retained earnings to total assets = X2)
3. Earnings
before interest and taxes to total assets (earnings before interest and taxes
to total assets = X3)
4. Market
value of equity to book value of liabilities (market value of equity to book
value of liabilities = X4)
5. Sales
to total assets (sales to total assets = X5)
Based
on the financial ratios as predictor variables found little predictive model
bankrupt opportunities
4.
Result
Analysis
Calculation
of Z-Score Bankruptcy Prediction Company
The
table above shows that in 2004, the company is likely to go bankrupt in 2005
while the minor is in a gray area that is more likely the chance of a small
bankrupt
5.
Conclusion
Analysis of a company's chances of
bankruptcy is considered important for a company. This analysis not only for
healthy companies alone but for companies that are considered healthy. This
analysis was conducted as a follow preventive for healthy companies and is
curative for companies that are not healthy.
