Pengaruh Current Ratio dan Debt Ratio Terhadap Financial Distress Pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia
LAMPIRAN
LAMPIRAN 1
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
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23
24
25
26
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31
32
33
Sampel Penelitian Perusahaan Property dan Real Estate
di Bursa Efek Indonesia Periode 2011-2014
Kode
Kriteria
Memenuhi
Perusahaan
Kriteria
1
2
3
APLN
Tidak
×
×
×
ASRI
Tidak
√
√
×
BAPA
Tidak
√
√
×
BCIP
Tidak
√
√
×
BEST
Tidak
×
×
×
BIPP
Tidak
√
√
×
BKDP
Tidak
√
√
×
BKSL
Tidak
√
×
×
BSDE
Tidak
√
×
×
COWL
Sampel (S1)
√
√
√
CTRA
Sampel (S2)
√
√
√
CTRP
Sampel (S3)
√
√
√
CTRS
Sampel (S4)
√
√
√
DART
Sampel (S5)
√
√
√
DILD
Tidak
√
√
×
DMAS
Tidak
×
×
×
DUTI
Tidak
√
√
×
ELTY
Sampel (S6)
√
√
√
EMDE
Sampel (S7)
√
√
√
FMII
Tidak
√
√
×
GAMA
Tidak
×
×
×
GMTD
Sampel (S8)
√
√
√
GPRA
Tidak
√
√
×
GWSA
Tidak
√
√
×
JIHD
Tidak
√
√
×
JRPT
Sampel (S9)
√
√
√
KIJA
Sampel (S10)
√
√
√
KPIG
Tidak
√
√
×
LAMI
Tidak
√
√
×
LCGP
Tidak
√
√
×
LPCK
Sampel (S11)
√
√
√
LPKR
Tidak
×
×
×
MDLN
Sampel (S12)
√
√
√
95
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 1
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Sampel Penelitian Perusahaan Property dan Real Estate
di Bursa Efek Indonesia Periode 2011-2014
MKPI
Tidak
√
×
×
MMLP
Tidak
×
×
×
MTLA
Sampel (S13)
√
√
√
MTSM
Sampel (S14)
√
√
√
NIRO
Tidak
×
×
×
MORE
Tidak
×
×
×
PLIN
Tidak
√
√
×
PPRO
Tidak
×
×
×
PWON
Sampel (S15)
√
√
√
PWSI
Tidak
×
×
×
RBMS
Tidak
√
√
×
RDTX
Sampel (S16)
√
√
√
RODA
Tidak
√
√
×
SCBD
Tidak
√
√
×
SMDM
Tidak
√
√
×
SMRA
Tidak
√
√
×
TARA
Tidak
×
×
×
96
Universitas Sumatera Utara
LAMPIRAN 2
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN COWELL DEVELOPMENT Tbk
Keterangan
2011
2012
2013
2014
Current asset
232,849,402,113
405,187,499,295
213,170,942,997
3,188,091,115
current liabilities
182,395,789,766
285,845,280,003
320,518,403,573
2,803,110,232
working capital net
50,453,612,347
119,342,219,292
-107,347,460,576
384,980,883
total asset
working capital net /
total asset
385,681,565,146
1,778,248,912,031
1,944,913,754,306
16,942,366,954
0.1308
0.0671
-0.0552
0.0227
rentained earning
78,970,243,551
145,205,567,715
193,907,887,789
3,597,979,558
total asset
rentained earning / total
asset
385,681,565,146
1,778,428,912,031
1,944,913,754,306
16,942,366,954
0.2048
0.0816
0.0997
0.2124
EBIT
42,382,904,219
85,289,192,235
76,611,799,917
1,385,766,654
total asset
385,681,565,146
1,778,428,912,031
1,944,913,754,306
16,942,366,954
Ebit / Total asset
0.1099
0.0480
0.0394
0.0818
Book value of equity
163,821,701,929
1,133,694,872,793
1,182,586,794,176
6,389,173,934
Book Value of debt
Book value of equity /
Book value of debt
221,859,863,217
644,554,039,238
762,326,960,130
10,553,193,020
0.7384
1.7589
1.5513
0.6054
Tahun
Nilai Z"-score
status
2011
(6,25 x 0,1308)+(3,26 x 0,248)+(6,72 x 0,1099)+(1,05 x 0,7384)= 3.00
Tidak Bangkrut
2012
(6,25 x 0,0671)+(3,26 x 0,0816)+(6,72 x 0,0480)+(1,05 x 1,7589)= 2.81
Tidak Bangkrut
2013
(6,25 x -0,0552)+(3,26 x 0,0997)+(6,72 x 0,0394)+(1,05 x 1,5513)= 1.87
kelabu
2014
(6,25x 0,0227)+(3,26 x 0,2124)+(6,72 x 0,0818)+(1,05 x 0,6054)= 2.02
kelabu
97
Universitas Sumatera Utara
LAMPIRAN 3
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN CIPUTRA DEVELOPMENT Tbk
Keterangan
2011
2012
2013
2014
Current asset
5,226,048
7,025,034
9,671,220
11,446,518
current liabilities
2,209,141
4,503,802
7,129,204
7,775,481
working capital net
3,016,907
2,521,232
2,542,016
3,671,037
total asset
working capital net / total
asset
11,524,867
15,023,392
20,114,871
23,283,478
0.2618
0.1678
0.1264
0.1577
rentained earning
441,555
924,494
1,714,219
2,750,992
total asset
rentained earning / total
asset
11,524,867
15,023,392
20,114,871
23,283,478
0.0383
0.0615
0.0852
0.1182
EBIT
616,529
1,093,550
1,809,693
2,449,217
total asset
11,524,867
15,023,392
20,114,871
23,283,478
Ebit / Total asset
0.0535
0.0728
0.0900
0.1052
Book value of equity
7,647,434
8,480,745
9,765,513
11,421,371
Book Value of debt
Book value of equity / Book
value of debt
3,877,433
6,542,647
10,349,358
11,862,107
1.9723
1.2962
0.9436
0.9628
Tahun
Nilai Z"-score
status
2011
(6,25 x 0,2618)+(3,26 x 0,0383)+(6,72 x 0,0535)+(1,05 x 1,9723)=4.19
Tidak Bangkrut
2012
(6,25 x 0,1678)+(3,26 x 0,0615)+(6,72 x 0,0728)+(1,05 x 1,2962)=3.15
Tidak Bangkrut
2013
(6,25 x 0,1264)+(3,26 x 0,0852)+(6,72 x 0,0900)+(1,05 x 0,9436)=2.66
Tidak Bangkrut
2014
(6,25 x 0,1577)+(3,26 x 0,1182)+(6,72 x 0,1052)+(1,05 x 0,9628)=3.09
Tidak Bangkrut
98
Universitas Sumatera Utara
LAMPIRAN 4
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN CIPUTRA PROPERTY Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,017,537,662,629
1,843,128,414,359
1,814,937,329,192
2,233,698,938,364
current liabilities
370,786,697,414
1,014,271,893,496
1,336,511,632,835
1,635,580,203,873
working capital net
646,750,965,215
828,856,520,863
478,425,696,357
598,118,734,491
total asset
working capital net / total
asset
4,314,646,971,261
5,933,874,601,626
7,653,881,472,162
8,861,322,202,870
0.1499
0.1397
0.0625
0.0675
rentained earning
593,150,033,103
845,485,989,858
1,171,608,532,602
1,440,205,788
total asset
rentained earning / total
asset
4,314,646,971,261
5,933,874,601,626
7,653,881,472,162
8,861,322,202,870
0.1375
0.1425
0.1531
0.0002
EBIT
203,925,822,496
376,043,656,054
533,793,531,842
507,801,954,018
total asset
4,314,646,971,261
5,933,874,601,626
7,653,881,472,162
8,861,322,202,870
Ebit / Total asset
0.0473
0.0634
0.0697
0.0573
Book value of equity
3,606,965,168,035
3,988,710,375,646
4,572,835,845,894
4,887,630,043,291
Book Value of debt
Book value of equity /
Book value of debt
707,681,803,226
1,945,164,225,980
3,081,045,626,268
3,973,692,159,579
5.0969
2.0506
1.4842
1.2300
Tahun
Nilai Z"-score
status
2011
(6,25 x 0,1499)+(3,26 x 0,1375)+(6,72 x 0,0473)+(1,05 x 5,0969)= 7.05
Tidak Bangkrut
2012
(6,25 x 0,1397)+(3,26 x 0,1425)+(6,72 x 0,0634)+(1,05 x 2,0506)= 3.92
Tidak Bangkrut
2013
(6,25 x 0,0625)+(3,26 x 0,1531)+(6,72 x 0,0697)+(1,05 x 1,4842)= 2.92
Tidak Bangkrut
2014
(6,25 x 0,0675)+(3,26 x 0,0002)+(6,72 x 0,0573)+(1,05 x 1,2300)= 2.10
kelabu
99
Universitas Sumatera Utara
LAMPIRAN 5
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN CIPUTRA SURYA Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,855,102,140,842
2,184,737,510,532
3,276,920,505,056
3,254,113,989,143
current liabilities
1,112,927,132,842
1,732,698,641,466
2,826,339,771,203
2,666,270,435,765
working capital net
742,175,008,000
452,038,869,066
450,580,733,853
587,843,553,378
total asset
working capital net / total
asset
3,529,028,238,751
4,428,210,643,555
5,770,169,834,673
6,121,211,474,227
0.2103
0.1021
0.0781
0.0960
rentained earning
1,170,882,693,145
1,395,726,293,114
1,711,921,949,117
2,115,094,111,216
total asset
3,529,028,283,751
4,428,210,643,555
5,770,169,834,673
6,121,211,474,227
rentained earning / total aset
0.3318
0.3152
0.2967
0.3455
EBIT
239,543,797,962
329,206,951,938
488,183,183,290
675,370,602,221
total asset
3,529,028,283,751
4,428,210,643,555
5,770,169,834,673
6,121,211,474,227
Ebit / Total asset
0.0679
0.0743
0.0846
0.1103
Book value of equity
1,948,943,116,719
2,214,558,097,023
2,495,664,802,621
3,018,517,462,091
Book Value of debt
Book value of equity / Book
value of debt
1,580,085,122,032
2,213,652,546,532
3,274,505,032,052
3,102,694,012,136
1.2334
1.0004
0.7622
0.9729
Tahun
Nilai Z"-score
status
2011
4.15
Tidak Bangkrut
2012
3.22
Tidak Bangkrut
2013
2.82
Tidak Bangkrut
2014
3.49
Tidak Bangkrut
100
Universitas Sumatera Utara
LAMPIRAN 6
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN DUTA ANGGADA REALTY Tbk
Keterangan
2011
2012
2013
2014
Current asset
790,158,899
785,147,759
1,017,064,846
891,641,071
current liabilities
1,184,997,487
674,676,158
504,748,990
479,525,250
working capital net
-394,838,588
110,471,601
512,315,856
412,115,821
total asset
working capital net / total
asset
4,103,893,859
4,293,161,447
4,768,449,638
5,114,273,658
-0.0962
0.0257
0.1074
0.0806
rentained earning
3,313,162
183,459,414
902,558,640
1,221,713,074
total asset
rentained earning / total
asset
4,103,893
4,293,161,447
4,768,449,638
5,114,273,658
0.8073
0.0427
0.1893
0.2389
EBIT
99,574,247
240,034,830
348,705,333
565,644,929
total asset
4,103,893,859
4,293,161,447
4,768,449,638
5,114,273,658
Ebit / Total asset
0.0243
0.0559
0.0731
0.1106
Book value of equity
2,243,436,383
2,837,716,716
2,926,677,764
3,246,828,439
Book Value of debt
Book value of equity /
Book value of debt
1,860,457,476
1,455,444,731
1,841,771,874
1,867,445,219
1.2059
1.9497
1.5891
1.7386
Tahun
Nilai Z"-score
Status
2011
3.46
Tidak Bangkrut
2012
2.72
Tidak Bangkrut
2013
3.45
Tidak Bangkrut
2014
3.85
Tidak Bangkrut
101
Universitas Sumatera Utara
LAMPIRAN 7
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN BAKRIELAND DEVELOPMENT Tbk
Keterangans
2011
2012
2013
2014
Current asset
5,628,083,620,180
3,826,637,618,331
2,776,534,225,378
4,754,578,792,492
current liabilities
4,189,484,452,454
4,470,431,893,894
4,395,252,171,260
5,144,194,341,024
working capital net
1,438,599,167,726
-643,794,275,563
-1,618,717,945,882
-389,615,548,532
total asset
working capital net / total
asset
17,707,949,698,417
16,235,632,983,194
12,301,124,419,066
14,506,123,496,863
0.0812
-0.0397
-0.1316
-0.0269
rentained earning
948,883,270,402
253,231,244,436
484,308,483,636
16,412,106,028
total asets
17,707,949,698,417
16,253,632,983,194
12,301,124,419,066
14,506,123,496,863
rentained earning / total aset
0.0536
0.0156
0.0394
0.0011
EBIT
382,802,193,626
731,602,234,226
36,702,118,974
539,341,610,992
total aset
17,707,949,698,417
16,235,632,983,194
12,301,124,419,066
14,506,123,496,863
Ebit / Total aset
0.0216
0.0451
0.0030
0.0372
Book value of equity
10,902,071,538,314
10,164,214,273,030
7,165,393,515,788
7,614,001,948,904
Book Value of debt
Book value of equity / Book
value of debt
6,805,878,160,103
6,071,418,710,164
5,135,730,903,278
6,892,121,547,959
1.6019
1.6741
1.3952
1.1047
Tahun
Nilai Z"-score
status
2011
2.51
kelabu
2012
1.86
kelabu
2013
0.79
bangkrut
2014
1.25
kelabu
102
Universitas Sumatera Utara
LAMPIRAN 8
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN MEGAPOLITAN DEVELOPMENT Tbk
Keterangan
2011
2012
2013
2014
Current asset
508,870
493,213
532,850,337,052
635,387,342,048
current liabilities
349,626
294,856
289,122,314,813
392,140,844,427
working capital net
159,244
198,357
243,728,022,239
243,246,497,621
total aset
working capital net /
total aset
894,534
886,379
938,536,950,089
179,018,690,672
0.1780
0.2238
0.2597
1.3588
rentained earning
27,835
31,153
64,838,544,840
109,640,456,451
total aset
rentained earning /
total aset
894,534
886,379
938,536,950,089
179,018,690,672
0.0311
0.0351
0.0691
0.6125
EBIT
8,904
11,753
47,551,812,583
62,703,726,302
total aset
894,534
886,379
938,536,950,089
179,018,690,672
Ebit / Total aset
0.0100
0.0133
0.0507
0.3503
Book value of equity
519,762
523,939
557,941,179,685
-397,035,306,429
Book Value of debt
Book value of equity /
Book value of debt
374,772
362,440
380,595,770,404
576,053,997,101
1.3869
1.4456
1.4660
-0.6892
Tahun
Nilai Z"-score
Status
2011
2.74
Tidak Bangkrut
2012
3.12
Tidak Bangkrut
2013
3.73
Tidak Bangkrut
2014
12.12
Tidak Bangkrut
103
Universitas Sumatera Utara
LAMPIRAN 9
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHA AN GOWA MAKASAR TOURISM DEVELOPMENT Tbk
Keterangan
2011
2012
2013
2014
Current asset
289,969,606,786
587,923,707,791
500,021,040,720
1,065,521,125,713
current liabilities
265,492,341,496
456,583,837,506
489,211,210,350
510,945,337,339
working capital net
24,477,265,290
131,339,870,285
10,809,830,370
554,575,788,374
total aset
working capital net / total
aset
487,193,845,496
900,597,066,316
1,307,846,871,186
1,524,317,216,546
0.0502
0.1458
0.0083
0.3638
rentained earning
122,471,833,868
182,886,480,761
270,138,090,573
386,796,283,135
total aset
rentained earning / total
aset
487,193,845,496
900,597,066,316
1,307,846,871,186
1,524,317,216,546
0.2514
0.2031
0.2066
0.2538
EBIT
58,495,816,726
76,583,527,140
97,960,899,418
130,728,971,981
total aset
487,193,845,496
900,597,066,316
1,307,846,871,186
1,524,317,216,546
Ebit / Total aset
0.1201
0.0850
0.0749
0.0858
Book value of equity
173,440,833,868
233,955,480,761
403,423,859,440
666,347,155,005
Book Value of debt
Book value of equity /
Book value of debt
313,753,011,628
666,641,585,555
904,423,011,746
857,970,061,541
0.5528
0.3509
0.4461
0.7767
Tahun
Nilai Z"-score
Status
2011
2.52
Kelabu
2012
2.51
Kelabu
2013
1.70
Kelabu
2014
4.49
Tidak Bangkrut
104
Universitas Sumatera Utara
LAMPIRAN 10
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN JAYA REAL PROPERTY Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,926,422,132
2,072,956,998
2,154,914,227
2,303,238,701
current liabilities
1,856,542,511
2,367,282,066
3,063,899,266
3,047,241,473
working capital net
69,879,621
-294,325,068
-908,985,039
-744,002,772
total aset
working capital net / total
aset
4,084,414,957
4,998,260,900
6,163,177,866
6,684,262,908
0.0171
-0.0589
-0.1475
-0.1113
rentained earning
1,324,718,622
1,627,391,320
2,023,481,776
2,557,212,514
total aset
rentained earning / total
aset
4,084,414,957
4,998,260,900
6,163,177,866
6,684,262,908
0.3243
0.3256
0.3283
0.3826
EBIT
397,538,177
491,372,623
631,664,497
822,596,711
total aset
4,084,414,957
4,998,260,900
6,163,177,866
9,984,262,908
Ebit / Total aset
0.0973
0.0983
0.1025
0.0824
Book value of equity
1,900,318,299
2,221,428,882
2,683,657,515
3,201,931,306
Book Value of debt
Book value of equity /
Book value of debt
2,184,096,658
2,776,832,018
3,479,520,351
3,482,331,602
0.8701
0.8000
0.7713
0.9195
Tahun
Nilai Z"-score
status
2011
2.73
Tidak Bangkrut
2012
2.19
kelabu
2013
1.65
kelabu
2014
2.07
kelabu
105
Universitas Sumatera Utara
LAMPIRAN 11
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN KAWASAN INDUSTRI JABABEKA Tbk
Keterangan
2011
2012
2013
2014
Current asset
3,396,767,010,817
4,413,349,410,393
5,025,541,301,117
5,152,157,377,426
current liabilities
950,915,305,742
1,209,939,549,321
1,752,626,609,061
1,022,071,671,563
working capital net
2,445,851,705,075
3,203,409,861,072
3,272,914,692,056
4,130,085,705,863
total aset
working capital net / total
aset
5,597,356,750,923
7,077,817,870,077
8,255,167,231,158
8,505,270,447,485
0.4370
0.4526
0.3965
0.4856
rentained earning
543,962,911,057
923,942,862,896
891,579,106,937
1,257,191,098,596
total aset
rentained earning / total
aset
5,597,356,750,923
7,077,817,870,077
8,255,167,231,158
8,505,270,447,485
0.0972
0.1305
0.1080
0.1478
EBIT
3,632,685,213,810
457,791,362,222
204,165,205,511
559,855,804,472
total aset
5,597,356,750,923
7,077,817,870,077
8,255,167,231,158
8,505,270,447,485
Ebit / Total aset
0.6490
0.0647
0.0247
0.0658
Book value of equity
3,501,702,416,961
3,975,401,188,796
4,186,031,873,203
5,661,836,413,817
Book Value of debt
Book value of equity /
Book value of debt
2,095,654,333,962
3,102,416,681,281
4,069,135,357,955
2,843,434,033,668
1.6709
1.2814
1.0287
1.9912
Tahun
Nilai Z"-score
status
2011
9.16
Tidak Bangkrut
2012
5.03
Tidak Bangkrut
2013
4.08
Tidak Bangkrut
2014
6.05
Tidak Bangkrut
106
Universitas Sumatera Utara
LAMPIRAN 12
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN LIPPO CIKARANG Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,486,832,813,191
2,371,557,593,405
3,158,466,218,156
3,661,704,025,836
current liabilities
1,062,107,100,098
1,507,602,432,798
1,935,726,768,112
1,530,034,755,029
working capital net
424,725,713,093
863,955,160,607
1,222,739,450,044
2,131,669,270,807
total aset
working capital net /
total aset
2,041,958,524,823
2,832,000,551,101
3,854,166,345,345
4,309,824,234,265
0.2080
0.3051
0.3173
0.4946
rentained earning
432,739,539,471
839,561,447,768
1,429,978,377,909
2,273,901,686,806
total aset
rentained earning /
total aset
2,041,958,524,093
2,832,000,551,101
3,854,166,345,345
4,309,824,234,265
0.2119
0.2965
0.3710
0.5276
EBIT
301,579,747,646
457,605,362,145
665,682,618,221
942,294,098,501
total aset
2,041,958,524,932
2,832,000,661,101
3,854,166,345,345
4,309,824,234,265
Ebit / Total aset
0.1477
0.1616
0.1727
0.2186
Book value of equity
821,447,240,550
1,228,469,148,847
1,819,086,078,988
2,671,477,587,885
Book Value of debt
Book value of equity /
Book value of debt
1,220,511,284,273
1,603,531,402,254
2,035,080,266,357
1,638,346,646,380
0.6730
0.7661
0.8939
1.6306
Tahun
Nilai Z"-score
status
2011
3.69
Tidak Bangkrut
2012
4.76
Tidak Bangkrut
2013
5.29
Tidak Bangkrut
2014
7.99
Tidak Bangkrut
107
Universitas Sumatera Utara
LAMPIRAN 13
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN MODERLAND REALTY LTD Tbk
Keterangan
2011
2012
2013
2014
Current asset
826,387,818,060
1,940,276,898,305
2,036,868,531,503
2,061,415,313,134
current liabilities
994,330,065,215
1,525,673,373,156
2,441,922,958,749
1,707,369,122,496
working capital net
-167,942,247,155
414,603,525,149
-405,054,427,246
354,046,190,638
total aset
working capital net / total
aset
2,506,029,716,477
4,591,920,046,013
9,647,813,079,565
10,446,907,695,182
-0.0670
0.0903
-0.0420
0.0339
rentained earning
360,738
95,628
2,356,133,093,723
3,004,736,206,063
total aset
rentained earning / total
aset
2,506,030
4,591,920
9,647,813,079,565
10,446,907,695,182
0.1439
0.0208
0.2442
0.2876
EBIT
98,215,038,211
311,607,099,170
2,548,597,657,571
847,159,048,541
total aset
2,506,029,716,477
4,591,920,046,013
9,647,813,079,565
10,446,907,695,182
Ebit / Total aset
0.0392
0.0679
0.2642
0.0811
Book value of equity
1,168,362,057,752
2,226,013,893,089
4,675,700,492,371
5,331,105,681,545
Book Value of debt
Book value of equity /
Book value of debt
1,337,667,658,725
2,365,906,152,924
4,972,112,587,194
5,115,802,013,637
0.8734
0.9409
0.9404
1.0421
Tahun
Nilai Z"-score
status
2011
1.23
Kelabu
2012
2.08
Kelabu
2013
3.30
Tidak Bangkrut
2014
2.79
Tidak Bangkrut
108
Universitas Sumatera Utara
LAMPIRAN 14
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN METROPOLITAN LAND Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,168,209,185
1,182,016,779
1,467,653,261
1,874,678,745
current liabilities
244,045,038
288,403,262
646,965,734
752,075,584
working capital net
924,164,147
893,613,517
820,687,527
1,122,603,161
total aset
working capital net / total
aset
1,729,840,276
2,015,753,149
2,834,484,171
3,250,717,743
0.5342
0.4433
0.2895
0.3453
rentained earning
37,246,284
516,635,708
717,113,124
933,795,288
total aset
rentained earning / total
aset
1,729,840,276
2,015,753,149
2,834,484,171
3,250,717,743
0.0215
0.2563
0.2530
0.2873
EBIT
108,194,112
242,356,355
291,879,924
378,529,803
total aset
1,729,840,276
2,015,753,149
2,834,484,171
3,250,717,743
Ebit / Total aset
0.0625
0.1202
0.1030
0.1164
Book value of equity
1,352,415,432
616,707,831
1,764,755,309
2,037,136,276
Book Value of debt
Book value of equity /
Book value of debt
377,424,844
1,399,045,318
1,069,728,862
1,213,581,467
3.5833
0.4408
1.6497
1.6786
Tahun
Nilai Z"-score
Status
2011
7.59
Tidak Bangkrut
2012
4.88
Tidak Bangkrut
2013
5.06
Tidak Bangkrut
2014
5.64
Tidak Bangkrut
109
Universitas Sumatera Utara
LAMPIRAN 15
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN METRO REALTY Tbk
Keterangan
2011
2012
2013
2014
Current asset
44,243,743,095
48,196,341,638
82,345,763,196
72,933,544,204
current liabilities
14,216,740,857
11,721,015,241
7,920,693,475
3,841,637,531
working capital net
30,027,002,238
36,475,326,397
74,425,069,721
69,091,906,673
total aset
working capital net / total
aset
106,382,062,707
108,481,953,241
98,129,812,821
92,362,274,743
0.2823
0.3362
0.7584
0.7481
rentained earning
23,085,737,281
27,248,444,237
21,472,606,335
20,377,586,146
total aset
106,382,062,707
108,481,953,974
98,129,812,821
92,326,274,743
rentained earning / total aset
0.2170
0.2512
0.2188
0.2207
EBIT
6,405,588,740
5,704,823,536
576,534,902
25,486,620
total aset
106,382,062,707
108,481,955,974
98,129,812,821
98,362,274,743
Ebit / Total aset
0.0602
0.0526
0.0059
0.0003
Book value of equity
84,177,724,145
88,350,585,190
82,572,014,006
81,512,515,457
Book Value of debt
Book value of equity / Book
value of debt
22,204,338,562
20,131,368,051
15,557,798,815
10,849,759,286
3.7910
4.3887
5.3074
7.5128
Tahun
Nilai Z"-score
status
2011
6.86
Tidak Bangkrut
2012
7.88
Tidak Bangkrut
2013
11.07
Tidak Bangkrut
2014
13.29
Tidak Bangkrut
110
Universitas Sumatera Utara
LAMPIRAN 16
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN PAKUWON JATI Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,728,138,046
2,709,269,601
3,710,316,021
5,506,991,226
current liabilities
working capital
net
1,250,077,154
2,018,287,628
2,849,867,234
3,913,147,398
478,060,892
690,981,973
860,448,787
1,593,843,828
total aset
working capital
net / total aset
5,744,711,035
7,565,819,916
9,198,245,208
16,770,742,538
0.0832
0.0913
0.0935
0.0950
rentained earning
667,747,635
1,344,904,961
2,308,166,458
4,605,953,650
total aset
rentained
earning / total
aset
5,774,711,035
7,565,819,916
9,298,245,408
16,770,742,538
0.1156
0.1778
0.2482
0.2746
EBIT
469,870,548
901,104,834
1,331,191,716
2,859,305,685
total aset
5,744,711,035
7,565,819,916
9,298,245,408
16,770,742,538
Ebit / Total aset
Book value of
equity
Book Value of
debt
Book value of
equity / Book
value of debt
0.0818
0.1191
0.1432
0.1705
2,373,135,467
5,334,535,549
4,002,508,682
8,283,070,781
3,371,575,568
2,231,284,367
5,195,736,526
8,487,671,757
0.7039
2.3908
0.7703
0.9759
Tahun
Nilai Z"-score
status
2011
2.19
Kelabu
2012
4.46
Tidak Bangkrut
2013
3.16
Tidak Bangkrut
2014
3.66
Tidak Bangkrut
111
Universitas Sumatera Utara
LAMPIRAN 17
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN RODA VIVATEX Tbk
Keterangan
2011
2012
2013
2014
Current asset
87,346,180,425
121,074,833,738
80,957,578,052
183,881,566,821
current liabilities
203,332,477,826
198,173,643,646
336,618,162,391
203,600,613,024
working capital net
-115,986,297,401
-77,098,809,908
-255,660,584,339
-19,719,046,203
total aset
working capital net /
total aset
1,082,292,152,075
1,207,905,280,350
1,549,674,344,094
1,643,441,092,309
-0.1072
-0.0638
-0.1650
-0.0120
rentained earning
680,953,911,133
805,721,889,497
1,003,901,731,359
1,208,370,098,165
total aset
rentained earning /
total aset
1,082,292,152,075
1,207,905,280,350
1,549,674,344,094
1,643,441,092,309
0.6292
0.6670
0.6478
0.7353
EBIT
133,487,034,959
148,149,282,251
231,714,185,291
262,811,086,101
total aset
1,082,292,152,075
1,207,905,280,350
1,549,674,344,094
1,643,441,092,309
Ebit / Total aset
0.1233
0.1226
0.1495
0.1599
Book value of equity
828,375,992,995
953,180,848,359
1,147,258,359,169
1,351,774,500,027
Book Value of debt
Book value of equity /
Book value of debt
253,916,159,080
254,724,431,991
402,415,984,925
291,666,592,282
3.2624
3.7420
2.8509
4.6347
Tahun
Nilai Z"-score
status
2011
5.64
Tidak Bangkrut
2012
6.53
Tidak Bangkrut
2013
5.08
Tidak Bangkrut
2014
8.26
Tidak Bangkrut
112
Universitas Sumatera Utara
LAMPIRAN 18
PERHITUNGAN PREDIKSI KEBANGKRUTAN MODEL ALMAN Z”-SCORE
PADA PERUSAHAAN PROPERTY DAN REAL ESTATE DI BEI
Tahun Perusahaan WCTA
RETA
EBITA
BVEBVD
Z”-Score Peringkat
2011 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
0.1308
0.2618
0.1499
0.2103
-0.0969
0.0812
0.1780
0.0502
0.0171
0.4370
0.3173
-0.0670
0.5342
0.2823
0.0832
-0.1072
0.2048
0.0383
0.1375
0.3318
0.8073
0.0536
0.0311
0.2514
0.3243
0.0972
0.3710
0.1439
0.0215
0.2170
0.1156
0.6292
0.1099
0.0535
0.0473
0.0679
0.0243
0.0216
0.0100
0.1201
0.0973
0.6490
0.1727
0.0392
0.0625
0.0602
0.0818
0.1233
0.7438
1.9723
5.0969
1.2334
1.2059
1.6019
1.3869
0.5528
0.8701
1.6709
0.8939
0.8734
3.5833
3.7910
0.7039
3.2624
3.04
4.27
6.85
4.21
3.43
2.53
2.79
2.54
2.74
9.30
3.75
1.21
7.76
6.94
2.21
5.60
1
1
1
1
1
2
1
2
1
1
1
2
1
1
2
1
2012 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
0.0671
0.1678
0.1397
0.1021
0.0257
-0.0397
0.2238
0.1458
-0.0689
0.4526
0.4946
0.0903
0.4433
0.3362
0.0913
-0.0638
0.0816
0.0615
0.1425
0.3152
0.0427
0.0156
0.0351
0.2031
0.3256
0.1305
0.5276
0.0208
0.2563
0.2512
0.1778
0.6670
0.0480
0.0728
0.0634
0.0743
0.0559
0.0451
0.0133
0.0850
0.0983
0.0647
0.2186
0.0679
0.1203
0.0526
0.1191
0.1226
1.7589
1.2969
2.0506
1.0004
1.9497
1.6941
1.4456
0.3509
0.8000
1.2814
1.6306
0.9409
0.4408
4.3887
2.3908
3.7420
3.83
3.15
3.96
3.25
2.73
1.85
3.19
2.56
2.18
5.17
4.86
2.10
5.01
7.99
4.49
6.51
1
1
1
1
1
2
1
1
1
1
1
2
1
1
1
1
2013 COWL
CTRA
CTRP
-0.0552
0.1264
0.0625
0.0997
0.0852
0.1531
0.0394
0.0900
0.0697
1.5513
0.9436
1.4842
1.86
2.70
2.94
2
1
1
113
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 18
PERHITUNGAN PREDIKSI KEBANGKRUTAN MODEL ALMAN Z”-SCORE
PADA PERUSAHAAN PROPERTY DAN REAL ESTATE DI BEI
Tahun Perusahaan WCTA
RETA
EBITA
BVEBVD
Z”-Score Peringkat
2013 CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
0.0781
0.1074
-0.1316
0.2597
0.0083
-0.1475
0.3965
0.2080
-0.0420
0.2895
0.7584
0.0935
-0.1650
0.2967
0.1893
0.0394
0.0691
0.2066
0.3283
0.1080
0.2119
0.2442
0.2530
0.2188
0.2482
0.6478
0.0846
0.0731
0.0030
0.0507
0.0749
0.1025
0.0247
0.1477
0.2642
0.1030
0.0059
0.1432
0.1495
0.7622
1.5891
1.3952
1.4660
0.4461
0.7713
1.0287
0.6730
0.9404
1.6497
5.3074
0.7703
2.8509
2.85
3.48
0.75
3.81
1.70
1.60
4.20
5.39
3.28
5.15
11.30
3.19
5.03
1
1
3
1
2
2
1
1
1
1
1
1
1
2014 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
0.0227
0.1577
0.0675
0.0960
0.0806
-0.0269
1.3588
0.3638
-0.1113
0.4856
0.3051
0.0339
0.3453
0.7481
0.0950
-0.0120
0.2124
0.1182
0.0002
0.3455
0.2389
0.0011
0.6125
0.2538
0.3826
0.1478
0.2965
0.2876
0.2873
0.2207
0.2746
0.7353
0.0818
0.1052
0.0573
0.1103
0.1106
0.0372
0.3503
0.0858
0.0824
0.0658
0.1616
0.0811
0.1164
0.0003
0.1705
0.1599
0.6054
0.9628
1.2300
0.9729
1.7386
1.1047
-0.6892
0.7767
0.9195
1.9912
0.7661
1.0421
1.6786
7.5128
0.9759
4.6347
2.03
3.40
2.12
3.25
3.88
1.24
12.45
4.61
2.04
6.20
8.15
2.80
5.75
13.52
3.69
8.26
2
1
2
1
1
2
1
1
2
1
1
1
1
1
1
1
114
Universitas Sumatera Utara
LAMPIRAN 19
PERHITUNGAN CURRENT RATIO PADA PERUSAHAAN PRPERTY DAN
REAL ESTATE YANG TERDAFTRA DI BEI periode 2011-2014
Tahun Perusahaan
Aktiva Lancar
Utang Lancar
CR
2011 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
232.849.402.113
5.266.048
1.017.537.662.629
1.885.102.140.842
790.158.889
5.628.083.620.180
508.870
289.969.600.786
1.926.422.132
3.396.767.010.817
1.486.832.813.191
826.387.818.060
1.168.209.185
44.243.743.095
1.728.138.046
87.346.180.425
182.395.789.766
2.209.141
370.786.697.414
1.112.927.132.842
1.184.997.487
4.189.484.452.154
349.626
265.492.341.499
1.865.542.511
950.915.305.742
1.062.106.100.098
884.330.065.215
244.945.038
12.216.740.857
1.250.077.154
203,332.477.826
1.2766
1.5598
2.7443
1.6938
0.6668
1.3434
1.4555
1.0922
1.0326
3.5721
1.3999
0.8311
4.7693
3.1121
1.3824
0.4296
2012 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
405.187.499.295
7.025.034
1.843.128.414.359
2.184.737.510.532
785.147.759
3.826.637.618.331
493.213
587.923.707.791
2.072.956.998
4.413.349.410.393
2.371.557.593.405
1.940.276.898.305
1.182.016.779
48.196.341.638
2.709.269.601
121.074.833.738
285.845.280.003
4.503.802
1.014.271.893.496
1.732.698.641.466
647.676.158
4.470.431.893.894
294.856
456.583.837.506
2.367.282.066
1.209.939.549.321
1.507.602.432.782
1.525.673.373.150
288.403.262
11.721.015.241
2.018.287.628
198.173.643.646
1.4175
1.5598
1.8172
1.2609
1.1637
0.8560
1.6727
1.2877
0.8757
3.6476
1.5731
1.2718
4.0985
4.1120
1.3424
0.6110
2013 COWL
CTRA
CTRP
CTRS
213.170.942.997
9.671.220
1.814.937.329.192
3.276.920.505.056
320.518.403.573
7.129.204
1.336.511.632.835
2.826.339.771.203
0.6651
1.3566
1.3580
1.1594
115
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 19
PERHITUNGAN CURRENT RATIO PADA PERUSAHAAN PRPERTY DAN
REAL ESTATE YANG TERDAFTRA DI BEI pada periode 2011-2014
Tahun Perusahaan
Aktiva Lancar
Utang Lancar
CR
2013 DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
1.017.064.826
2.776.534.225.378
532.850.337.052
500.021.040.720
2.154.914.227
5.025.541.301.117
3.158.466.218.156
2.036.868.531.503
1.467.653.261
82.343.736.196
3.710.316.021
809.575.780
504.748.990
4.395.258.171.260
289.122.314.813
489.211.210.350
3.063.899.266
1.752.626.609.061
1.935.762.768.112
2.441.922.958.749
646.965.734
7.920.693.475
2.849.867.234
336.618.391
2.0150
0.6317
1.8430
1.0221
0.7033
2.8674
1.6316
0.8341
2.2685
10.3693
1.3019
2.4050
2014 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
477.700.859.011
11.446.518
2.233.698.938.436
3.254.113.989.142
891.641.071
4.754.578.792.496
635.387.342.048
1.065.521.125.713
2.303.238.701
5.152.157.377.426
3.661.704.025.836
2.061.415.313.134
1.847.687.745
72.933.544.204
5.506.991.226
183.881.566.821
490.566.324.200
7.775.481
1.635.580.203.873
2.666.270.435.765
479.525.250
5.144.194.341.024
392.140.844.427
510.945.337.339
3.047.241.473
1.022.071.671.563
1.530.034.755.029
1.707.369.122.496
752.075.584
3.841.637.531
3.913.147.398
203.600.613.391
0.9738
1.4721
1.3657
1.2205
1.8594
0.9243
1.6203
2.0854
0.7554
5.0409
2.3932
1.2027
2.4568
18.9850
1.4073
0.9031
116
Universitas Sumatera Utara
LAMPIRAN 20
PERHITUNGAN DEBT RATIO PERUSAHAAN PROPERTY DAN REAL
ESTATE YANG TERDAFTAR DI BEI pada periode 2011-2014
Tahun Perusahaan
Total Utang
Total Aktiva
DR
2011 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
221.859.863.217
3.887.433
707.681.803.226
1.580.085.122.032
1.860.457.476
6.805.878.160.103
374.772
313.753.011.628
2.184.096.658
2.095.654.333.962
1.220.511.284.273
1.337.667.658.728
377.424.844
22.204.338.562
3.371.575.568
235.916.159.080
385.681.565.146
11.524.867
4.314.646.971.261
3.529.028.283.751
4.103.893.859
17.707.949.698.417
894.534
487.193.841.496
4.084.414.957
5.597.356.750.923
2.041.958.524.823
2.506.029.716.477
1.729.840.276
106.382.062.707
5.744.711.035
1.082.292.152.075
0.5752
0.3377
0.1640
0.4477
0.4533
0.3834
0.4190
0.6440
0.5347
0.3744
0.5877
0.5338
0.2182
0.2087
0.5869
0.2346
2012 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
644.544.039.238
6.542.647
1.945.164.225.980
2.213.625.546.532
1.455.444.731
6.031.730.903.278
362.440
666.641.585.555
2.776.832.018
3.102.416.681.281
1.603.531.402.254
2.365.906.152.924
1.399.045.318
20.131.368.051
4.431.284.362
254.727.431.991
1.778.428.912.031
15.023.392
5.933.874.601.626
4.428.210.643.555
4.293.161.447
16.235.632.983.194
886.379
900.597.066.316
4.998.260.900
7.077.817.870.077
2.832.000.551.101
4.591.920.046.013
2.015.753.149
108.481.953.974
7.565.819.916
1.207.905.280.350
0.3624
0.4355
0.3278
0.4999
0.3390
0.3740
0.4089
0.7402
0.5556
0.4383
0.5662
0.5152
0.6941
0.1856
0.5649
0.2109
2013 COWL
CTRA
762.326.960.130
10.349.358
1.944.913.754.306
20.114.871
0.3920
0.5154
3.081.045.626.268
3.274.505.037.052
7.653.881.472.162
5.770.169.834.673
0.4025
0.5672
CTRP
CTRS
117
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 20
PERHITUNGAN DEBT RATIO PERUSAHAAN PROPERTY DAN REAL
ESTATE YANG TERDAFTAR DI BEI pada periode 2011-2014
Tahun Perusahaan
Total Utang
Total Aktiva
DR
2013 DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
1.841.771.878
5.135.730.903.278
380.595.770.404
904.423.011.746
3.479.530.351
4.069.135.357.995
2.035.080.266.357
4.972.112.587.194
1.069.728.862
15.557.789.815
5.195.736.526
402.415.984.925
4.768.449.638
12.301.124.419.066
938.536.950.089
1.307.846.871.186
6.163.177.866
8.255.167.231.158
3.854.166.345.345
9.647.813.079.565
2.834.484.171
98.129.812.821
9.198.245.408
1.549.674.344.094
0.3862
0.4175
0.4055
0.6915
0.5646
0.4929
0.5280
0.5154
0.3774
0.1585
0.5649
0.2597
2014 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MTSM
PWON
RD TX
2.344.406.888.083
11.862.107
3.973.692.159.579
3.102.694.012.136
1.867.445.219
6.892.121.547.959
576.053.997.101
857.970.061.541
3.482.331.602
3.843.434.033.668
1.638.364.646.380
10.849.759.268
8.487.671.758
291.666.592.282
3.682.392.492.170
23.283.478
8.861.322.202.870
6.121.211.474.227
5.114.273.658
14.506.123.496.863
1.179.018.690.672
1.524.317.216.546
6.684.262.908
8.505.270.447.485
4.309.824.234.265
92.362.274.743
16.770.742.538
1.643.441.092.309
0.6367
0.5095
0.4484
0.5069
0.3651
0.4751
0.4886
0.5629
0.5210
0.4519
0.3801
0.1175
0.5061
0.1775
118
Universitas Sumatera Utara
LAMPIRAN 21
HASIL ANALISIS DESKRIPTIF
Descriptive Statistics
N
Minimum
Maximum
Mean
Std. Deviation
Current Ratio
64
.4296
18.9850
2.095458
2.6047572
Debt Ratio
64
.1175
.7402
.440337
.1406980
Z-Score
64
.75
13.52
4.2923
2.63265
Tahun
64
1
4
2.50
1.127
Valid N (listwise)
64
119
Universitas Sumatera Utara
LAMPIRAN 22
HASIL UJI ASUMSI KLASIK DAN PENGUJIAN HIPOTESIS
HASIL UJI NORMALITAS
One-Sample Kolmogorov-Smirnov Test
Unstandardiz
ed Residual
N
Normal Parameters
64
a,b
Mean
Std. Deviation
,0000000
1,66422911
Most Extreme
Absolute
,139
Differences
Positive
,139
Negative
-,080
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
1,108
,171
a. Test distribution is Normal.
b. Calculated from data.
120
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 22
HASIL UJI ASUMSI KLASIK DAN PENGUJIAN HIPOTESIS
HASIL UJI GRAFIK
121
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 22
HASIL UJI ASUMSI KLASIK DAN PENGUJIAN HIPOTESIS
UJI HETEROSKEDASTISITAS
122
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 22
HASIL UJI ASUMSI KLASIK DAN PENGUJIAN HIPOTESIS
HASIL UJI AUTOKORELASI
b
Model Summary
Model
R
1
Adjusted R
Std. Error of the
Square
Estimate
R Square
,763
a
,583
,569
Durbin-Watson
1,69129
1,938
a. Predictors: (Constant), DR, CR
b. Dependent Variable: zscore
HASIL UJI MULTIKOLINEARITAS
Coefficients
a
Unstandardized
Standardized
Collinearity
Coefficients
Coefficients
Statistics
Model
B
Std. Error
1 (Constant)
6,079
,873
CR
-6,655
1,691
DR
,523
,091
Beta
t
Sig.
Tolerance
VIF
6,963
,000
-,363
-3,937
,000
,803
1,246
,529
5,728
,000
,803
1,246
a. Dependent Variable: zscore
HASIL UJI REGRESI LINEAR BERGANDA
Variables Entered/Removed
Model
1
Variables
Variables
Entered
Removed
DR, CR
a
.
b
Method
Enter
a. All requested variables entered.
b. Dependent Variable: zscore
123
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 22
HASIL UJI ASUMSI KLASIK DAN PENGUJIAN HIPOTESIS
HASIL REGRESI LINEAR BERGANDA
Coefficients
a
Standardized
Unstandardized Coefficients
Model
1
B
(Constant)
Coefficients
Std. Error
Beta
6,079
,873
CR
-6,655
1,691
DR
,523
,091
t
Sig.
6,963
,000
-,363
-3,937
,000
,529
5,728
,000
a. Dependent Variable: zscore
HASIL UJI SEREMPAK (F-test)
b
ANOVA
Model
1
Sum of Squares
df
Mean Square
Regression
243,636
2
121,818
Residual
174,488
61
2,860
Total
418,125
63
F
Sig.
42,587
,000
t
Sig.
a
a. Predictors: (Constant), DR, CR
b. Dependent Variable: zscore
HASIL UJI SECARA PARSIAL (t-test)
Coefficients
a
Standardized
Unstandardized Coefficients
Model
1
B
(Constant)
Std. Error
6,079
,873
CR
-6,655
1,691
DR
,523
,091
Coefficients
Beta
6,963
,000
-,363
-3,937
,000
,529
5,728
,000
a. Dependent Variable: zscore
124
Universitas Sumatera Utara
LAMPIRAN 1
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
Sampel Penelitian Perusahaan Property dan Real Estate
di Bursa Efek Indonesia Periode 2011-2014
Kode
Kriteria
Memenuhi
Perusahaan
Kriteria
1
2
3
APLN
Tidak
×
×
×
ASRI
Tidak
√
√
×
BAPA
Tidak
√
√
×
BCIP
Tidak
√
√
×
BEST
Tidak
×
×
×
BIPP
Tidak
√
√
×
BKDP
Tidak
√
√
×
BKSL
Tidak
√
×
×
BSDE
Tidak
√
×
×
COWL
Sampel (S1)
√
√
√
CTRA
Sampel (S2)
√
√
√
CTRP
Sampel (S3)
√
√
√
CTRS
Sampel (S4)
√
√
√
DART
Sampel (S5)
√
√
√
DILD
Tidak
√
√
×
DMAS
Tidak
×
×
×
DUTI
Tidak
√
√
×
ELTY
Sampel (S6)
√
√
√
EMDE
Sampel (S7)
√
√
√
FMII
Tidak
√
√
×
GAMA
Tidak
×
×
×
GMTD
Sampel (S8)
√
√
√
GPRA
Tidak
√
√
×
GWSA
Tidak
√
√
×
JIHD
Tidak
√
√
×
JRPT
Sampel (S9)
√
√
√
KIJA
Sampel (S10)
√
√
√
KPIG
Tidak
√
√
×
LAMI
Tidak
√
√
×
LCGP
Tidak
√
√
×
LPCK
Sampel (S11)
√
√
√
LPKR
Tidak
×
×
×
MDLN
Sampel (S12)
√
√
√
95
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 1
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Sampel Penelitian Perusahaan Property dan Real Estate
di Bursa Efek Indonesia Periode 2011-2014
MKPI
Tidak
√
×
×
MMLP
Tidak
×
×
×
MTLA
Sampel (S13)
√
√
√
MTSM
Sampel (S14)
√
√
√
NIRO
Tidak
×
×
×
MORE
Tidak
×
×
×
PLIN
Tidak
√
√
×
PPRO
Tidak
×
×
×
PWON
Sampel (S15)
√
√
√
PWSI
Tidak
×
×
×
RBMS
Tidak
√
√
×
RDTX
Sampel (S16)
√
√
√
RODA
Tidak
√
√
×
SCBD
Tidak
√
√
×
SMDM
Tidak
√
√
×
SMRA
Tidak
√
√
×
TARA
Tidak
×
×
×
96
Universitas Sumatera Utara
LAMPIRAN 2
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN COWELL DEVELOPMENT Tbk
Keterangan
2011
2012
2013
2014
Current asset
232,849,402,113
405,187,499,295
213,170,942,997
3,188,091,115
current liabilities
182,395,789,766
285,845,280,003
320,518,403,573
2,803,110,232
working capital net
50,453,612,347
119,342,219,292
-107,347,460,576
384,980,883
total asset
working capital net /
total asset
385,681,565,146
1,778,248,912,031
1,944,913,754,306
16,942,366,954
0.1308
0.0671
-0.0552
0.0227
rentained earning
78,970,243,551
145,205,567,715
193,907,887,789
3,597,979,558
total asset
rentained earning / total
asset
385,681,565,146
1,778,428,912,031
1,944,913,754,306
16,942,366,954
0.2048
0.0816
0.0997
0.2124
EBIT
42,382,904,219
85,289,192,235
76,611,799,917
1,385,766,654
total asset
385,681,565,146
1,778,428,912,031
1,944,913,754,306
16,942,366,954
Ebit / Total asset
0.1099
0.0480
0.0394
0.0818
Book value of equity
163,821,701,929
1,133,694,872,793
1,182,586,794,176
6,389,173,934
Book Value of debt
Book value of equity /
Book value of debt
221,859,863,217
644,554,039,238
762,326,960,130
10,553,193,020
0.7384
1.7589
1.5513
0.6054
Tahun
Nilai Z"-score
status
2011
(6,25 x 0,1308)+(3,26 x 0,248)+(6,72 x 0,1099)+(1,05 x 0,7384)= 3.00
Tidak Bangkrut
2012
(6,25 x 0,0671)+(3,26 x 0,0816)+(6,72 x 0,0480)+(1,05 x 1,7589)= 2.81
Tidak Bangkrut
2013
(6,25 x -0,0552)+(3,26 x 0,0997)+(6,72 x 0,0394)+(1,05 x 1,5513)= 1.87
kelabu
2014
(6,25x 0,0227)+(3,26 x 0,2124)+(6,72 x 0,0818)+(1,05 x 0,6054)= 2.02
kelabu
97
Universitas Sumatera Utara
LAMPIRAN 3
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN CIPUTRA DEVELOPMENT Tbk
Keterangan
2011
2012
2013
2014
Current asset
5,226,048
7,025,034
9,671,220
11,446,518
current liabilities
2,209,141
4,503,802
7,129,204
7,775,481
working capital net
3,016,907
2,521,232
2,542,016
3,671,037
total asset
working capital net / total
asset
11,524,867
15,023,392
20,114,871
23,283,478
0.2618
0.1678
0.1264
0.1577
rentained earning
441,555
924,494
1,714,219
2,750,992
total asset
rentained earning / total
asset
11,524,867
15,023,392
20,114,871
23,283,478
0.0383
0.0615
0.0852
0.1182
EBIT
616,529
1,093,550
1,809,693
2,449,217
total asset
11,524,867
15,023,392
20,114,871
23,283,478
Ebit / Total asset
0.0535
0.0728
0.0900
0.1052
Book value of equity
7,647,434
8,480,745
9,765,513
11,421,371
Book Value of debt
Book value of equity / Book
value of debt
3,877,433
6,542,647
10,349,358
11,862,107
1.9723
1.2962
0.9436
0.9628
Tahun
Nilai Z"-score
status
2011
(6,25 x 0,2618)+(3,26 x 0,0383)+(6,72 x 0,0535)+(1,05 x 1,9723)=4.19
Tidak Bangkrut
2012
(6,25 x 0,1678)+(3,26 x 0,0615)+(6,72 x 0,0728)+(1,05 x 1,2962)=3.15
Tidak Bangkrut
2013
(6,25 x 0,1264)+(3,26 x 0,0852)+(6,72 x 0,0900)+(1,05 x 0,9436)=2.66
Tidak Bangkrut
2014
(6,25 x 0,1577)+(3,26 x 0,1182)+(6,72 x 0,1052)+(1,05 x 0,9628)=3.09
Tidak Bangkrut
98
Universitas Sumatera Utara
LAMPIRAN 4
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN CIPUTRA PROPERTY Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,017,537,662,629
1,843,128,414,359
1,814,937,329,192
2,233,698,938,364
current liabilities
370,786,697,414
1,014,271,893,496
1,336,511,632,835
1,635,580,203,873
working capital net
646,750,965,215
828,856,520,863
478,425,696,357
598,118,734,491
total asset
working capital net / total
asset
4,314,646,971,261
5,933,874,601,626
7,653,881,472,162
8,861,322,202,870
0.1499
0.1397
0.0625
0.0675
rentained earning
593,150,033,103
845,485,989,858
1,171,608,532,602
1,440,205,788
total asset
rentained earning / total
asset
4,314,646,971,261
5,933,874,601,626
7,653,881,472,162
8,861,322,202,870
0.1375
0.1425
0.1531
0.0002
EBIT
203,925,822,496
376,043,656,054
533,793,531,842
507,801,954,018
total asset
4,314,646,971,261
5,933,874,601,626
7,653,881,472,162
8,861,322,202,870
Ebit / Total asset
0.0473
0.0634
0.0697
0.0573
Book value of equity
3,606,965,168,035
3,988,710,375,646
4,572,835,845,894
4,887,630,043,291
Book Value of debt
Book value of equity /
Book value of debt
707,681,803,226
1,945,164,225,980
3,081,045,626,268
3,973,692,159,579
5.0969
2.0506
1.4842
1.2300
Tahun
Nilai Z"-score
status
2011
(6,25 x 0,1499)+(3,26 x 0,1375)+(6,72 x 0,0473)+(1,05 x 5,0969)= 7.05
Tidak Bangkrut
2012
(6,25 x 0,1397)+(3,26 x 0,1425)+(6,72 x 0,0634)+(1,05 x 2,0506)= 3.92
Tidak Bangkrut
2013
(6,25 x 0,0625)+(3,26 x 0,1531)+(6,72 x 0,0697)+(1,05 x 1,4842)= 2.92
Tidak Bangkrut
2014
(6,25 x 0,0675)+(3,26 x 0,0002)+(6,72 x 0,0573)+(1,05 x 1,2300)= 2.10
kelabu
99
Universitas Sumatera Utara
LAMPIRAN 5
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN CIPUTRA SURYA Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,855,102,140,842
2,184,737,510,532
3,276,920,505,056
3,254,113,989,143
current liabilities
1,112,927,132,842
1,732,698,641,466
2,826,339,771,203
2,666,270,435,765
working capital net
742,175,008,000
452,038,869,066
450,580,733,853
587,843,553,378
total asset
working capital net / total
asset
3,529,028,238,751
4,428,210,643,555
5,770,169,834,673
6,121,211,474,227
0.2103
0.1021
0.0781
0.0960
rentained earning
1,170,882,693,145
1,395,726,293,114
1,711,921,949,117
2,115,094,111,216
total asset
3,529,028,283,751
4,428,210,643,555
5,770,169,834,673
6,121,211,474,227
rentained earning / total aset
0.3318
0.3152
0.2967
0.3455
EBIT
239,543,797,962
329,206,951,938
488,183,183,290
675,370,602,221
total asset
3,529,028,283,751
4,428,210,643,555
5,770,169,834,673
6,121,211,474,227
Ebit / Total asset
0.0679
0.0743
0.0846
0.1103
Book value of equity
1,948,943,116,719
2,214,558,097,023
2,495,664,802,621
3,018,517,462,091
Book Value of debt
Book value of equity / Book
value of debt
1,580,085,122,032
2,213,652,546,532
3,274,505,032,052
3,102,694,012,136
1.2334
1.0004
0.7622
0.9729
Tahun
Nilai Z"-score
status
2011
4.15
Tidak Bangkrut
2012
3.22
Tidak Bangkrut
2013
2.82
Tidak Bangkrut
2014
3.49
Tidak Bangkrut
100
Universitas Sumatera Utara
LAMPIRAN 6
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN DUTA ANGGADA REALTY Tbk
Keterangan
2011
2012
2013
2014
Current asset
790,158,899
785,147,759
1,017,064,846
891,641,071
current liabilities
1,184,997,487
674,676,158
504,748,990
479,525,250
working capital net
-394,838,588
110,471,601
512,315,856
412,115,821
total asset
working capital net / total
asset
4,103,893,859
4,293,161,447
4,768,449,638
5,114,273,658
-0.0962
0.0257
0.1074
0.0806
rentained earning
3,313,162
183,459,414
902,558,640
1,221,713,074
total asset
rentained earning / total
asset
4,103,893
4,293,161,447
4,768,449,638
5,114,273,658
0.8073
0.0427
0.1893
0.2389
EBIT
99,574,247
240,034,830
348,705,333
565,644,929
total asset
4,103,893,859
4,293,161,447
4,768,449,638
5,114,273,658
Ebit / Total asset
0.0243
0.0559
0.0731
0.1106
Book value of equity
2,243,436,383
2,837,716,716
2,926,677,764
3,246,828,439
Book Value of debt
Book value of equity /
Book value of debt
1,860,457,476
1,455,444,731
1,841,771,874
1,867,445,219
1.2059
1.9497
1.5891
1.7386
Tahun
Nilai Z"-score
Status
2011
3.46
Tidak Bangkrut
2012
2.72
Tidak Bangkrut
2013
3.45
Tidak Bangkrut
2014
3.85
Tidak Bangkrut
101
Universitas Sumatera Utara
LAMPIRAN 7
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN BAKRIELAND DEVELOPMENT Tbk
Keterangans
2011
2012
2013
2014
Current asset
5,628,083,620,180
3,826,637,618,331
2,776,534,225,378
4,754,578,792,492
current liabilities
4,189,484,452,454
4,470,431,893,894
4,395,252,171,260
5,144,194,341,024
working capital net
1,438,599,167,726
-643,794,275,563
-1,618,717,945,882
-389,615,548,532
total asset
working capital net / total
asset
17,707,949,698,417
16,235,632,983,194
12,301,124,419,066
14,506,123,496,863
0.0812
-0.0397
-0.1316
-0.0269
rentained earning
948,883,270,402
253,231,244,436
484,308,483,636
16,412,106,028
total asets
17,707,949,698,417
16,253,632,983,194
12,301,124,419,066
14,506,123,496,863
rentained earning / total aset
0.0536
0.0156
0.0394
0.0011
EBIT
382,802,193,626
731,602,234,226
36,702,118,974
539,341,610,992
total aset
17,707,949,698,417
16,235,632,983,194
12,301,124,419,066
14,506,123,496,863
Ebit / Total aset
0.0216
0.0451
0.0030
0.0372
Book value of equity
10,902,071,538,314
10,164,214,273,030
7,165,393,515,788
7,614,001,948,904
Book Value of debt
Book value of equity / Book
value of debt
6,805,878,160,103
6,071,418,710,164
5,135,730,903,278
6,892,121,547,959
1.6019
1.6741
1.3952
1.1047
Tahun
Nilai Z"-score
status
2011
2.51
kelabu
2012
1.86
kelabu
2013
0.79
bangkrut
2014
1.25
kelabu
102
Universitas Sumatera Utara
LAMPIRAN 8
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN MEGAPOLITAN DEVELOPMENT Tbk
Keterangan
2011
2012
2013
2014
Current asset
508,870
493,213
532,850,337,052
635,387,342,048
current liabilities
349,626
294,856
289,122,314,813
392,140,844,427
working capital net
159,244
198,357
243,728,022,239
243,246,497,621
total aset
working capital net /
total aset
894,534
886,379
938,536,950,089
179,018,690,672
0.1780
0.2238
0.2597
1.3588
rentained earning
27,835
31,153
64,838,544,840
109,640,456,451
total aset
rentained earning /
total aset
894,534
886,379
938,536,950,089
179,018,690,672
0.0311
0.0351
0.0691
0.6125
EBIT
8,904
11,753
47,551,812,583
62,703,726,302
total aset
894,534
886,379
938,536,950,089
179,018,690,672
Ebit / Total aset
0.0100
0.0133
0.0507
0.3503
Book value of equity
519,762
523,939
557,941,179,685
-397,035,306,429
Book Value of debt
Book value of equity /
Book value of debt
374,772
362,440
380,595,770,404
576,053,997,101
1.3869
1.4456
1.4660
-0.6892
Tahun
Nilai Z"-score
Status
2011
2.74
Tidak Bangkrut
2012
3.12
Tidak Bangkrut
2013
3.73
Tidak Bangkrut
2014
12.12
Tidak Bangkrut
103
Universitas Sumatera Utara
LAMPIRAN 9
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHA AN GOWA MAKASAR TOURISM DEVELOPMENT Tbk
Keterangan
2011
2012
2013
2014
Current asset
289,969,606,786
587,923,707,791
500,021,040,720
1,065,521,125,713
current liabilities
265,492,341,496
456,583,837,506
489,211,210,350
510,945,337,339
working capital net
24,477,265,290
131,339,870,285
10,809,830,370
554,575,788,374
total aset
working capital net / total
aset
487,193,845,496
900,597,066,316
1,307,846,871,186
1,524,317,216,546
0.0502
0.1458
0.0083
0.3638
rentained earning
122,471,833,868
182,886,480,761
270,138,090,573
386,796,283,135
total aset
rentained earning / total
aset
487,193,845,496
900,597,066,316
1,307,846,871,186
1,524,317,216,546
0.2514
0.2031
0.2066
0.2538
EBIT
58,495,816,726
76,583,527,140
97,960,899,418
130,728,971,981
total aset
487,193,845,496
900,597,066,316
1,307,846,871,186
1,524,317,216,546
Ebit / Total aset
0.1201
0.0850
0.0749
0.0858
Book value of equity
173,440,833,868
233,955,480,761
403,423,859,440
666,347,155,005
Book Value of debt
Book value of equity /
Book value of debt
313,753,011,628
666,641,585,555
904,423,011,746
857,970,061,541
0.5528
0.3509
0.4461
0.7767
Tahun
Nilai Z"-score
Status
2011
2.52
Kelabu
2012
2.51
Kelabu
2013
1.70
Kelabu
2014
4.49
Tidak Bangkrut
104
Universitas Sumatera Utara
LAMPIRAN 10
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN JAYA REAL PROPERTY Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,926,422,132
2,072,956,998
2,154,914,227
2,303,238,701
current liabilities
1,856,542,511
2,367,282,066
3,063,899,266
3,047,241,473
working capital net
69,879,621
-294,325,068
-908,985,039
-744,002,772
total aset
working capital net / total
aset
4,084,414,957
4,998,260,900
6,163,177,866
6,684,262,908
0.0171
-0.0589
-0.1475
-0.1113
rentained earning
1,324,718,622
1,627,391,320
2,023,481,776
2,557,212,514
total aset
rentained earning / total
aset
4,084,414,957
4,998,260,900
6,163,177,866
6,684,262,908
0.3243
0.3256
0.3283
0.3826
EBIT
397,538,177
491,372,623
631,664,497
822,596,711
total aset
4,084,414,957
4,998,260,900
6,163,177,866
9,984,262,908
Ebit / Total aset
0.0973
0.0983
0.1025
0.0824
Book value of equity
1,900,318,299
2,221,428,882
2,683,657,515
3,201,931,306
Book Value of debt
Book value of equity /
Book value of debt
2,184,096,658
2,776,832,018
3,479,520,351
3,482,331,602
0.8701
0.8000
0.7713
0.9195
Tahun
Nilai Z"-score
status
2011
2.73
Tidak Bangkrut
2012
2.19
kelabu
2013
1.65
kelabu
2014
2.07
kelabu
105
Universitas Sumatera Utara
LAMPIRAN 11
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN KAWASAN INDUSTRI JABABEKA Tbk
Keterangan
2011
2012
2013
2014
Current asset
3,396,767,010,817
4,413,349,410,393
5,025,541,301,117
5,152,157,377,426
current liabilities
950,915,305,742
1,209,939,549,321
1,752,626,609,061
1,022,071,671,563
working capital net
2,445,851,705,075
3,203,409,861,072
3,272,914,692,056
4,130,085,705,863
total aset
working capital net / total
aset
5,597,356,750,923
7,077,817,870,077
8,255,167,231,158
8,505,270,447,485
0.4370
0.4526
0.3965
0.4856
rentained earning
543,962,911,057
923,942,862,896
891,579,106,937
1,257,191,098,596
total aset
rentained earning / total
aset
5,597,356,750,923
7,077,817,870,077
8,255,167,231,158
8,505,270,447,485
0.0972
0.1305
0.1080
0.1478
EBIT
3,632,685,213,810
457,791,362,222
204,165,205,511
559,855,804,472
total aset
5,597,356,750,923
7,077,817,870,077
8,255,167,231,158
8,505,270,447,485
Ebit / Total aset
0.6490
0.0647
0.0247
0.0658
Book value of equity
3,501,702,416,961
3,975,401,188,796
4,186,031,873,203
5,661,836,413,817
Book Value of debt
Book value of equity /
Book value of debt
2,095,654,333,962
3,102,416,681,281
4,069,135,357,955
2,843,434,033,668
1.6709
1.2814
1.0287
1.9912
Tahun
Nilai Z"-score
status
2011
9.16
Tidak Bangkrut
2012
5.03
Tidak Bangkrut
2013
4.08
Tidak Bangkrut
2014
6.05
Tidak Bangkrut
106
Universitas Sumatera Utara
LAMPIRAN 12
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN LIPPO CIKARANG Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,486,832,813,191
2,371,557,593,405
3,158,466,218,156
3,661,704,025,836
current liabilities
1,062,107,100,098
1,507,602,432,798
1,935,726,768,112
1,530,034,755,029
working capital net
424,725,713,093
863,955,160,607
1,222,739,450,044
2,131,669,270,807
total aset
working capital net /
total aset
2,041,958,524,823
2,832,000,551,101
3,854,166,345,345
4,309,824,234,265
0.2080
0.3051
0.3173
0.4946
rentained earning
432,739,539,471
839,561,447,768
1,429,978,377,909
2,273,901,686,806
total aset
rentained earning /
total aset
2,041,958,524,093
2,832,000,551,101
3,854,166,345,345
4,309,824,234,265
0.2119
0.2965
0.3710
0.5276
EBIT
301,579,747,646
457,605,362,145
665,682,618,221
942,294,098,501
total aset
2,041,958,524,932
2,832,000,661,101
3,854,166,345,345
4,309,824,234,265
Ebit / Total aset
0.1477
0.1616
0.1727
0.2186
Book value of equity
821,447,240,550
1,228,469,148,847
1,819,086,078,988
2,671,477,587,885
Book Value of debt
Book value of equity /
Book value of debt
1,220,511,284,273
1,603,531,402,254
2,035,080,266,357
1,638,346,646,380
0.6730
0.7661
0.8939
1.6306
Tahun
Nilai Z"-score
status
2011
3.69
Tidak Bangkrut
2012
4.76
Tidak Bangkrut
2013
5.29
Tidak Bangkrut
2014
7.99
Tidak Bangkrut
107
Universitas Sumatera Utara
LAMPIRAN 13
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN MODERLAND REALTY LTD Tbk
Keterangan
2011
2012
2013
2014
Current asset
826,387,818,060
1,940,276,898,305
2,036,868,531,503
2,061,415,313,134
current liabilities
994,330,065,215
1,525,673,373,156
2,441,922,958,749
1,707,369,122,496
working capital net
-167,942,247,155
414,603,525,149
-405,054,427,246
354,046,190,638
total aset
working capital net / total
aset
2,506,029,716,477
4,591,920,046,013
9,647,813,079,565
10,446,907,695,182
-0.0670
0.0903
-0.0420
0.0339
rentained earning
360,738
95,628
2,356,133,093,723
3,004,736,206,063
total aset
rentained earning / total
aset
2,506,030
4,591,920
9,647,813,079,565
10,446,907,695,182
0.1439
0.0208
0.2442
0.2876
EBIT
98,215,038,211
311,607,099,170
2,548,597,657,571
847,159,048,541
total aset
2,506,029,716,477
4,591,920,046,013
9,647,813,079,565
10,446,907,695,182
Ebit / Total aset
0.0392
0.0679
0.2642
0.0811
Book value of equity
1,168,362,057,752
2,226,013,893,089
4,675,700,492,371
5,331,105,681,545
Book Value of debt
Book value of equity /
Book value of debt
1,337,667,658,725
2,365,906,152,924
4,972,112,587,194
5,115,802,013,637
0.8734
0.9409
0.9404
1.0421
Tahun
Nilai Z"-score
status
2011
1.23
Kelabu
2012
2.08
Kelabu
2013
3.30
Tidak Bangkrut
2014
2.79
Tidak Bangkrut
108
Universitas Sumatera Utara
LAMPIRAN 14
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN METROPOLITAN LAND Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,168,209,185
1,182,016,779
1,467,653,261
1,874,678,745
current liabilities
244,045,038
288,403,262
646,965,734
752,075,584
working capital net
924,164,147
893,613,517
820,687,527
1,122,603,161
total aset
working capital net / total
aset
1,729,840,276
2,015,753,149
2,834,484,171
3,250,717,743
0.5342
0.4433
0.2895
0.3453
rentained earning
37,246,284
516,635,708
717,113,124
933,795,288
total aset
rentained earning / total
aset
1,729,840,276
2,015,753,149
2,834,484,171
3,250,717,743
0.0215
0.2563
0.2530
0.2873
EBIT
108,194,112
242,356,355
291,879,924
378,529,803
total aset
1,729,840,276
2,015,753,149
2,834,484,171
3,250,717,743
Ebit / Total aset
0.0625
0.1202
0.1030
0.1164
Book value of equity
1,352,415,432
616,707,831
1,764,755,309
2,037,136,276
Book Value of debt
Book value of equity /
Book value of debt
377,424,844
1,399,045,318
1,069,728,862
1,213,581,467
3.5833
0.4408
1.6497
1.6786
Tahun
Nilai Z"-score
Status
2011
7.59
Tidak Bangkrut
2012
4.88
Tidak Bangkrut
2013
5.06
Tidak Bangkrut
2014
5.64
Tidak Bangkrut
109
Universitas Sumatera Utara
LAMPIRAN 15
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN METRO REALTY Tbk
Keterangan
2011
2012
2013
2014
Current asset
44,243,743,095
48,196,341,638
82,345,763,196
72,933,544,204
current liabilities
14,216,740,857
11,721,015,241
7,920,693,475
3,841,637,531
working capital net
30,027,002,238
36,475,326,397
74,425,069,721
69,091,906,673
total aset
working capital net / total
aset
106,382,062,707
108,481,953,241
98,129,812,821
92,362,274,743
0.2823
0.3362
0.7584
0.7481
rentained earning
23,085,737,281
27,248,444,237
21,472,606,335
20,377,586,146
total aset
106,382,062,707
108,481,953,974
98,129,812,821
92,326,274,743
rentained earning / total aset
0.2170
0.2512
0.2188
0.2207
EBIT
6,405,588,740
5,704,823,536
576,534,902
25,486,620
total aset
106,382,062,707
108,481,955,974
98,129,812,821
98,362,274,743
Ebit / Total aset
0.0602
0.0526
0.0059
0.0003
Book value of equity
84,177,724,145
88,350,585,190
82,572,014,006
81,512,515,457
Book Value of debt
Book value of equity / Book
value of debt
22,204,338,562
20,131,368,051
15,557,798,815
10,849,759,286
3.7910
4.3887
5.3074
7.5128
Tahun
Nilai Z"-score
status
2011
6.86
Tidak Bangkrut
2012
7.88
Tidak Bangkrut
2013
11.07
Tidak Bangkrut
2014
13.29
Tidak Bangkrut
110
Universitas Sumatera Utara
LAMPIRAN 16
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN PAKUWON JATI Tbk
Keterangan
2011
2012
2013
2014
Current asset
1,728,138,046
2,709,269,601
3,710,316,021
5,506,991,226
current liabilities
working capital
net
1,250,077,154
2,018,287,628
2,849,867,234
3,913,147,398
478,060,892
690,981,973
860,448,787
1,593,843,828
total aset
working capital
net / total aset
5,744,711,035
7,565,819,916
9,198,245,208
16,770,742,538
0.0832
0.0913
0.0935
0.0950
rentained earning
667,747,635
1,344,904,961
2,308,166,458
4,605,953,650
total aset
rentained
earning / total
aset
5,774,711,035
7,565,819,916
9,298,245,408
16,770,742,538
0.1156
0.1778
0.2482
0.2746
EBIT
469,870,548
901,104,834
1,331,191,716
2,859,305,685
total aset
5,744,711,035
7,565,819,916
9,298,245,408
16,770,742,538
Ebit / Total aset
Book value of
equity
Book Value of
debt
Book value of
equity / Book
value of debt
0.0818
0.1191
0.1432
0.1705
2,373,135,467
5,334,535,549
4,002,508,682
8,283,070,781
3,371,575,568
2,231,284,367
5,195,736,526
8,487,671,757
0.7039
2.3908
0.7703
0.9759
Tahun
Nilai Z"-score
status
2011
2.19
Kelabu
2012
4.46
Tidak Bangkrut
2013
3.16
Tidak Bangkrut
2014
3.66
Tidak Bangkrut
111
Universitas Sumatera Utara
LAMPIRAN 17
PENERAPAN ANALISIS KEBANGKRUTAN DARI MODEL ALMAN Z”SCORE DENGAN MENGGUNAKAN DATA LAPORAN KEUANGAN
PERUSAHAAN RODA VIVATEX Tbk
Keterangan
2011
2012
2013
2014
Current asset
87,346,180,425
121,074,833,738
80,957,578,052
183,881,566,821
current liabilities
203,332,477,826
198,173,643,646
336,618,162,391
203,600,613,024
working capital net
-115,986,297,401
-77,098,809,908
-255,660,584,339
-19,719,046,203
total aset
working capital net /
total aset
1,082,292,152,075
1,207,905,280,350
1,549,674,344,094
1,643,441,092,309
-0.1072
-0.0638
-0.1650
-0.0120
rentained earning
680,953,911,133
805,721,889,497
1,003,901,731,359
1,208,370,098,165
total aset
rentained earning /
total aset
1,082,292,152,075
1,207,905,280,350
1,549,674,344,094
1,643,441,092,309
0.6292
0.6670
0.6478
0.7353
EBIT
133,487,034,959
148,149,282,251
231,714,185,291
262,811,086,101
total aset
1,082,292,152,075
1,207,905,280,350
1,549,674,344,094
1,643,441,092,309
Ebit / Total aset
0.1233
0.1226
0.1495
0.1599
Book value of equity
828,375,992,995
953,180,848,359
1,147,258,359,169
1,351,774,500,027
Book Value of debt
Book value of equity /
Book value of debt
253,916,159,080
254,724,431,991
402,415,984,925
291,666,592,282
3.2624
3.7420
2.8509
4.6347
Tahun
Nilai Z"-score
status
2011
5.64
Tidak Bangkrut
2012
6.53
Tidak Bangkrut
2013
5.08
Tidak Bangkrut
2014
8.26
Tidak Bangkrut
112
Universitas Sumatera Utara
LAMPIRAN 18
PERHITUNGAN PREDIKSI KEBANGKRUTAN MODEL ALMAN Z”-SCORE
PADA PERUSAHAAN PROPERTY DAN REAL ESTATE DI BEI
Tahun Perusahaan WCTA
RETA
EBITA
BVEBVD
Z”-Score Peringkat
2011 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
0.1308
0.2618
0.1499
0.2103
-0.0969
0.0812
0.1780
0.0502
0.0171
0.4370
0.3173
-0.0670
0.5342
0.2823
0.0832
-0.1072
0.2048
0.0383
0.1375
0.3318
0.8073
0.0536
0.0311
0.2514
0.3243
0.0972
0.3710
0.1439
0.0215
0.2170
0.1156
0.6292
0.1099
0.0535
0.0473
0.0679
0.0243
0.0216
0.0100
0.1201
0.0973
0.6490
0.1727
0.0392
0.0625
0.0602
0.0818
0.1233
0.7438
1.9723
5.0969
1.2334
1.2059
1.6019
1.3869
0.5528
0.8701
1.6709
0.8939
0.8734
3.5833
3.7910
0.7039
3.2624
3.04
4.27
6.85
4.21
3.43
2.53
2.79
2.54
2.74
9.30
3.75
1.21
7.76
6.94
2.21
5.60
1
1
1
1
1
2
1
2
1
1
1
2
1
1
2
1
2012 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
0.0671
0.1678
0.1397
0.1021
0.0257
-0.0397
0.2238
0.1458
-0.0689
0.4526
0.4946
0.0903
0.4433
0.3362
0.0913
-0.0638
0.0816
0.0615
0.1425
0.3152
0.0427
0.0156
0.0351
0.2031
0.3256
0.1305
0.5276
0.0208
0.2563
0.2512
0.1778
0.6670
0.0480
0.0728
0.0634
0.0743
0.0559
0.0451
0.0133
0.0850
0.0983
0.0647
0.2186
0.0679
0.1203
0.0526
0.1191
0.1226
1.7589
1.2969
2.0506
1.0004
1.9497
1.6941
1.4456
0.3509
0.8000
1.2814
1.6306
0.9409
0.4408
4.3887
2.3908
3.7420
3.83
3.15
3.96
3.25
2.73
1.85
3.19
2.56
2.18
5.17
4.86
2.10
5.01
7.99
4.49
6.51
1
1
1
1
1
2
1
1
1
1
1
2
1
1
1
1
2013 COWL
CTRA
CTRP
-0.0552
0.1264
0.0625
0.0997
0.0852
0.1531
0.0394
0.0900
0.0697
1.5513
0.9436
1.4842
1.86
2.70
2.94
2
1
1
113
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 18
PERHITUNGAN PREDIKSI KEBANGKRUTAN MODEL ALMAN Z”-SCORE
PADA PERUSAHAAN PROPERTY DAN REAL ESTATE DI BEI
Tahun Perusahaan WCTA
RETA
EBITA
BVEBVD
Z”-Score Peringkat
2013 CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
0.0781
0.1074
-0.1316
0.2597
0.0083
-0.1475
0.3965
0.2080
-0.0420
0.2895
0.7584
0.0935
-0.1650
0.2967
0.1893
0.0394
0.0691
0.2066
0.3283
0.1080
0.2119
0.2442
0.2530
0.2188
0.2482
0.6478
0.0846
0.0731
0.0030
0.0507
0.0749
0.1025
0.0247
0.1477
0.2642
0.1030
0.0059
0.1432
0.1495
0.7622
1.5891
1.3952
1.4660
0.4461
0.7713
1.0287
0.6730
0.9404
1.6497
5.3074
0.7703
2.8509
2.85
3.48
0.75
3.81
1.70
1.60
4.20
5.39
3.28
5.15
11.30
3.19
5.03
1
1
3
1
2
2
1
1
1
1
1
1
1
2014 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
0.0227
0.1577
0.0675
0.0960
0.0806
-0.0269
1.3588
0.3638
-0.1113
0.4856
0.3051
0.0339
0.3453
0.7481
0.0950
-0.0120
0.2124
0.1182
0.0002
0.3455
0.2389
0.0011
0.6125
0.2538
0.3826
0.1478
0.2965
0.2876
0.2873
0.2207
0.2746
0.7353
0.0818
0.1052
0.0573
0.1103
0.1106
0.0372
0.3503
0.0858
0.0824
0.0658
0.1616
0.0811
0.1164
0.0003
0.1705
0.1599
0.6054
0.9628
1.2300
0.9729
1.7386
1.1047
-0.6892
0.7767
0.9195
1.9912
0.7661
1.0421
1.6786
7.5128
0.9759
4.6347
2.03
3.40
2.12
3.25
3.88
1.24
12.45
4.61
2.04
6.20
8.15
2.80
5.75
13.52
3.69
8.26
2
1
2
1
1
2
1
1
2
1
1
1
1
1
1
1
114
Universitas Sumatera Utara
LAMPIRAN 19
PERHITUNGAN CURRENT RATIO PADA PERUSAHAAN PRPERTY DAN
REAL ESTATE YANG TERDAFTRA DI BEI periode 2011-2014
Tahun Perusahaan
Aktiva Lancar
Utang Lancar
CR
2011 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
232.849.402.113
5.266.048
1.017.537.662.629
1.885.102.140.842
790.158.889
5.628.083.620.180
508.870
289.969.600.786
1.926.422.132
3.396.767.010.817
1.486.832.813.191
826.387.818.060
1.168.209.185
44.243.743.095
1.728.138.046
87.346.180.425
182.395.789.766
2.209.141
370.786.697.414
1.112.927.132.842
1.184.997.487
4.189.484.452.154
349.626
265.492.341.499
1.865.542.511
950.915.305.742
1.062.106.100.098
884.330.065.215
244.945.038
12.216.740.857
1.250.077.154
203,332.477.826
1.2766
1.5598
2.7443
1.6938
0.6668
1.3434
1.4555
1.0922
1.0326
3.5721
1.3999
0.8311
4.7693
3.1121
1.3824
0.4296
2012 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
405.187.499.295
7.025.034
1.843.128.414.359
2.184.737.510.532
785.147.759
3.826.637.618.331
493.213
587.923.707.791
2.072.956.998
4.413.349.410.393
2.371.557.593.405
1.940.276.898.305
1.182.016.779
48.196.341.638
2.709.269.601
121.074.833.738
285.845.280.003
4.503.802
1.014.271.893.496
1.732.698.641.466
647.676.158
4.470.431.893.894
294.856
456.583.837.506
2.367.282.066
1.209.939.549.321
1.507.602.432.782
1.525.673.373.150
288.403.262
11.721.015.241
2.018.287.628
198.173.643.646
1.4175
1.5598
1.8172
1.2609
1.1637
0.8560
1.6727
1.2877
0.8757
3.6476
1.5731
1.2718
4.0985
4.1120
1.3424
0.6110
2013 COWL
CTRA
CTRP
CTRS
213.170.942.997
9.671.220
1.814.937.329.192
3.276.920.505.056
320.518.403.573
7.129.204
1.336.511.632.835
2.826.339.771.203
0.6651
1.3566
1.3580
1.1594
115
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 19
PERHITUNGAN CURRENT RATIO PADA PERUSAHAAN PRPERTY DAN
REAL ESTATE YANG TERDAFTRA DI BEI pada periode 2011-2014
Tahun Perusahaan
Aktiva Lancar
Utang Lancar
CR
2013 DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
1.017.064.826
2.776.534.225.378
532.850.337.052
500.021.040.720
2.154.914.227
5.025.541.301.117
3.158.466.218.156
2.036.868.531.503
1.467.653.261
82.343.736.196
3.710.316.021
809.575.780
504.748.990
4.395.258.171.260
289.122.314.813
489.211.210.350
3.063.899.266
1.752.626.609.061
1.935.762.768.112
2.441.922.958.749
646.965.734
7.920.693.475
2.849.867.234
336.618.391
2.0150
0.6317
1.8430
1.0221
0.7033
2.8674
1.6316
0.8341
2.2685
10.3693
1.3019
2.4050
2014 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
477.700.859.011
11.446.518
2.233.698.938.436
3.254.113.989.142
891.641.071
4.754.578.792.496
635.387.342.048
1.065.521.125.713
2.303.238.701
5.152.157.377.426
3.661.704.025.836
2.061.415.313.134
1.847.687.745
72.933.544.204
5.506.991.226
183.881.566.821
490.566.324.200
7.775.481
1.635.580.203.873
2.666.270.435.765
479.525.250
5.144.194.341.024
392.140.844.427
510.945.337.339
3.047.241.473
1.022.071.671.563
1.530.034.755.029
1.707.369.122.496
752.075.584
3.841.637.531
3.913.147.398
203.600.613.391
0.9738
1.4721
1.3657
1.2205
1.8594
0.9243
1.6203
2.0854
0.7554
5.0409
2.3932
1.2027
2.4568
18.9850
1.4073
0.9031
116
Universitas Sumatera Utara
LAMPIRAN 20
PERHITUNGAN DEBT RATIO PERUSAHAAN PROPERTY DAN REAL
ESTATE YANG TERDAFTAR DI BEI pada periode 2011-2014
Tahun Perusahaan
Total Utang
Total Aktiva
DR
2011 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
221.859.863.217
3.887.433
707.681.803.226
1.580.085.122.032
1.860.457.476
6.805.878.160.103
374.772
313.753.011.628
2.184.096.658
2.095.654.333.962
1.220.511.284.273
1.337.667.658.728
377.424.844
22.204.338.562
3.371.575.568
235.916.159.080
385.681.565.146
11.524.867
4.314.646.971.261
3.529.028.283.751
4.103.893.859
17.707.949.698.417
894.534
487.193.841.496
4.084.414.957
5.597.356.750.923
2.041.958.524.823
2.506.029.716.477
1.729.840.276
106.382.062.707
5.744.711.035
1.082.292.152.075
0.5752
0.3377
0.1640
0.4477
0.4533
0.3834
0.4190
0.6440
0.5347
0.3744
0.5877
0.5338
0.2182
0.2087
0.5869
0.2346
2012 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
644.544.039.238
6.542.647
1.945.164.225.980
2.213.625.546.532
1.455.444.731
6.031.730.903.278
362.440
666.641.585.555
2.776.832.018
3.102.416.681.281
1.603.531.402.254
2.365.906.152.924
1.399.045.318
20.131.368.051
4.431.284.362
254.727.431.991
1.778.428.912.031
15.023.392
5.933.874.601.626
4.428.210.643.555
4.293.161.447
16.235.632.983.194
886.379
900.597.066.316
4.998.260.900
7.077.817.870.077
2.832.000.551.101
4.591.920.046.013
2.015.753.149
108.481.953.974
7.565.819.916
1.207.905.280.350
0.3624
0.4355
0.3278
0.4999
0.3390
0.3740
0.4089
0.7402
0.5556
0.4383
0.5662
0.5152
0.6941
0.1856
0.5649
0.2109
2013 COWL
CTRA
762.326.960.130
10.349.358
1.944.913.754.306
20.114.871
0.3920
0.5154
3.081.045.626.268
3.274.505.037.052
7.653.881.472.162
5.770.169.834.673
0.4025
0.5672
CTRP
CTRS
117
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 20
PERHITUNGAN DEBT RATIO PERUSAHAAN PROPERTY DAN REAL
ESTATE YANG TERDAFTAR DI BEI pada periode 2011-2014
Tahun Perusahaan
Total Utang
Total Aktiva
DR
2013 DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MDLN
MTLA
MTSM
PWON
RDTX
1.841.771.878
5.135.730.903.278
380.595.770.404
904.423.011.746
3.479.530.351
4.069.135.357.995
2.035.080.266.357
4.972.112.587.194
1.069.728.862
15.557.789.815
5.195.736.526
402.415.984.925
4.768.449.638
12.301.124.419.066
938.536.950.089
1.307.846.871.186
6.163.177.866
8.255.167.231.158
3.854.166.345.345
9.647.813.079.565
2.834.484.171
98.129.812.821
9.198.245.408
1.549.674.344.094
0.3862
0.4175
0.4055
0.6915
0.5646
0.4929
0.5280
0.5154
0.3774
0.1585
0.5649
0.2597
2014 COWL
CTRA
CTRP
CTRS
DART
ELTY
EMDE
GMTD
JPRT
KIJA
LPCK
MTSM
PWON
RD TX
2.344.406.888.083
11.862.107
3.973.692.159.579
3.102.694.012.136
1.867.445.219
6.892.121.547.959
576.053.997.101
857.970.061.541
3.482.331.602
3.843.434.033.668
1.638.364.646.380
10.849.759.268
8.487.671.758
291.666.592.282
3.682.392.492.170
23.283.478
8.861.322.202.870
6.121.211.474.227
5.114.273.658
14.506.123.496.863
1.179.018.690.672
1.524.317.216.546
6.684.262.908
8.505.270.447.485
4.309.824.234.265
92.362.274.743
16.770.742.538
1.643.441.092.309
0.6367
0.5095
0.4484
0.5069
0.3651
0.4751
0.4886
0.5629
0.5210
0.4519
0.3801
0.1175
0.5061
0.1775
118
Universitas Sumatera Utara
LAMPIRAN 21
HASIL ANALISIS DESKRIPTIF
Descriptive Statistics
N
Minimum
Maximum
Mean
Std. Deviation
Current Ratio
64
.4296
18.9850
2.095458
2.6047572
Debt Ratio
64
.1175
.7402
.440337
.1406980
Z-Score
64
.75
13.52
4.2923
2.63265
Tahun
64
1
4
2.50
1.127
Valid N (listwise)
64
119
Universitas Sumatera Utara
LAMPIRAN 22
HASIL UJI ASUMSI KLASIK DAN PENGUJIAN HIPOTESIS
HASIL UJI NORMALITAS
One-Sample Kolmogorov-Smirnov Test
Unstandardiz
ed Residual
N
Normal Parameters
64
a,b
Mean
Std. Deviation
,0000000
1,66422911
Most Extreme
Absolute
,139
Differences
Positive
,139
Negative
-,080
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
1,108
,171
a. Test distribution is Normal.
b. Calculated from data.
120
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 22
HASIL UJI ASUMSI KLASIK DAN PENGUJIAN HIPOTESIS
HASIL UJI GRAFIK
121
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 22
HASIL UJI ASUMSI KLASIK DAN PENGUJIAN HIPOTESIS
UJI HETEROSKEDASTISITAS
122
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 22
HASIL UJI ASUMSI KLASIK DAN PENGUJIAN HIPOTESIS
HASIL UJI AUTOKORELASI
b
Model Summary
Model
R
1
Adjusted R
Std. Error of the
Square
Estimate
R Square
,763
a
,583
,569
Durbin-Watson
1,69129
1,938
a. Predictors: (Constant), DR, CR
b. Dependent Variable: zscore
HASIL UJI MULTIKOLINEARITAS
Coefficients
a
Unstandardized
Standardized
Collinearity
Coefficients
Coefficients
Statistics
Model
B
Std. Error
1 (Constant)
6,079
,873
CR
-6,655
1,691
DR
,523
,091
Beta
t
Sig.
Tolerance
VIF
6,963
,000
-,363
-3,937
,000
,803
1,246
,529
5,728
,000
,803
1,246
a. Dependent Variable: zscore
HASIL UJI REGRESI LINEAR BERGANDA
Variables Entered/Removed
Model
1
Variables
Variables
Entered
Removed
DR, CR
a
.
b
Method
Enter
a. All requested variables entered.
b. Dependent Variable: zscore
123
Universitas Sumatera Utara
LANJUTAN LAMPIRAN 22
HASIL UJI ASUMSI KLASIK DAN PENGUJIAN HIPOTESIS
HASIL REGRESI LINEAR BERGANDA
Coefficients
a
Standardized
Unstandardized Coefficients
Model
1
B
(Constant)
Coefficients
Std. Error
Beta
6,079
,873
CR
-6,655
1,691
DR
,523
,091
t
Sig.
6,963
,000
-,363
-3,937
,000
,529
5,728
,000
a. Dependent Variable: zscore
HASIL UJI SEREMPAK (F-test)
b
ANOVA
Model
1
Sum of Squares
df
Mean Square
Regression
243,636
2
121,818
Residual
174,488
61
2,860
Total
418,125
63
F
Sig.
42,587
,000
t
Sig.
a
a. Predictors: (Constant), DR, CR
b. Dependent Variable: zscore
HASIL UJI SECARA PARSIAL (t-test)
Coefficients
a
Standardized
Unstandardized Coefficients
Model
1
B
(Constant)
Std. Error
6,079
,873
CR
-6,655
1,691
DR
,523
,091
Coefficients
Beta
6,963
,000
-,363
-3,937
,000
,529
5,728
,000
a. Dependent Variable: zscore
124
Universitas Sumatera Utara