FINANCIAL PERFORMANCE ASSESSMENT METHOD USING ALTMAN Z-SCORE AND EFFECTS ON SHARE PRICE ON PT INDOFARMA (PERSERO) TBK.

Dina Ekasari, Sri Mifti Susilowati

Abstract


One type of research ia using financial ratios, related to research benefits of
financial statements for predicting the performance of companies bankruptcy.
Although a company showed satisfactory profit, the company, however, is infact
facing financial difficulties and move into bankruptcy. Altman Tool Analysis
Method, used to predict corporate bankruptcy, can associate ratios, and
determine the health condition of the company, and assess the company's
financial performance. In assessing the performance of the company. The study
conducted using data of financial statements, comprising consolidated balance
sheets and consolidated statements of income, and stock prices, at two days
average prior to publication of the closing financial statements, on publication
of financial reports, and two days after publication of financial statements . The
purpose of the scientific writing report is to know the financial performance and
its impact on stock prices at Indofarma Firm by using the Altman Z-Score
method, and simple linear regression analysis. The results of the study,
concluded that the Indofarma Firm, was experiencing problems related with its
financial condition and financial performance, and in overall condition, the
Firm is be in healthy condition, and there is no significant influence of Z -score
with stock prices.

 

Key Words : financial ratio, financial statement, financial performance, Altman Z-score


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