ANALISIS RASIO KEUANGAN UNTUK MEMPREDIKSI KONDISI FINANCIAL DISTRESS PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI DAFTAR EFEK SYARIAH PRIODE 2012-2015

MAHKAMUS SYAFIUDDIN, NIM. 11391025 (2017) ANALISIS RASIO KEUANGAN UNTUK MEMPREDIKSI KONDISI FINANCIAL DISTRESS PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI DAFTAR EFEK SYARIAH PRIODE 2012-2015. Skripsi thesis, UIN SUNAN KALIJAGA YOGYAKARTA.

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Abstract

This study aims to examine the effect of financial ratios of Working Capital To Total Assets, Retained Earnings To Total Assets, Market Value Of Equity To Book Value Of Total Liability, Sales To Total Asset in predicting Financial Distress at manufacturing companies listed in the list of periodic sharia securities 2012 - 2015. The data used in this study is secondary data obtained from the list of Islamic securities (DES). Financial ratios as independent variables are calculated based on financial ratios using financial data for 2012-2015, while financial data of 2013-2014 is used as a basis for determining the status of Financial Distress using 2-year consecutive or delisted negative EBIT proxies from DES . This study uses 140 manufacturing companies as a research sample consisting of 23 companies of Non-Financial Distress and 23 companies of Financial Distress. The hypothesis of this study was tested with 1 year and 2 year analysis model before Financial distress using logistic data panel regression. The result of this research is that the ratio used by altman by eliminating EBIT variable can predict the correct company to experience Financial Distress with the accuracy of 50% and 61,1% respectively in the period of 2 years and 1 year before the occurrence of Financial Distress. The test results also show that all financial ratios of WCTA, RETA, MVETL and STA have a positive effect on the possibility of Financial Distress occurring.

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