Appendix Prediksi Gejala Kebangkrutan dengan Analisa Model Altman ZScore pada Restaurant, Hotel dan Tourism yang Terdaftar Di BEI pada Tahun 2010 – 2012
Lampiran 1
Tabel Net Working Capital to Total Assets (X1)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Nama Sampel
Bayu Buana Tbk
Bukit Uliwatu
Destinasi Tirta Nusantara
Fast Food Indonesia Tbk
Grahamas Citra Wisata
Hotel Mandarine Regency Tbk
Hotel Sahid Jaya Tbk
Indonesian Paradise Property Tbk
Island Concepts Indonesia Tbk
Jakarta Setia Budi International Tbk
Mas Murni Indonesia
Panorama Pariwisata
Pembangunan Graha Indah Lestari
Tbk
Pembangunan Jaya Ancol Tbk
Pioneerindo Gournet International
Tbk
Plaza Indonesia Realty Tbk
Pudjaji & Sons Estate Tbk
Pudjaji Prestige Limited Tbk
Pusako Tarinka Tbk
2010
2011
2012
0.2
-0.04
0.02
-0.11
-0.002
0.15
0.11
-0.005
-0.22
-0.005
0.001
0.03
0.25
0.05
0.21
0.1
0.01
0.04
0.07
0.22
0.03
0.12
0.001
0.13
0.24
0.06
0.215
0.211
0.017
0.05
0.07
0.05
0.01
0.16
0.0005
0.09
-0.03
0.19
0.09
0.08
0.125
0.10
0.09
0.09
0.11
0.51
0.19
-0.013
0.067
0.81
0.45
-0.01
0.12
0.02
0.17
0.22
0.18
Universitas Sumatera Utara
Lampiran 2
Tabel Retained Earnings to Total Assets (X2)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Nama Sampel
Bayu Buana Tbk
Bukit Uliwatu
Destinasi Tirta Nusantara
Fast Food Indonesia Tbk
Grahamas Citra Wisata
Hotel Mandarine Regency Tbk
Hotel Sahid Jaya Tbk
Indonesian Paradise Property Tbk
Island Concepts Indonesia Tbk
Jakarta Setia Budi International Tbk
Mas Murni Indonesia
Panorama Pariwisata
Pembangunan Graha Indah Lestari
Tbk
Pembangunan Jaya Ancol Tbk
Pioneerindo Gournet International
Tbk
Plaza Indonesia Realty Tbk
Pudjaji & Sons Estate Tbk
Pudjaji Prestige Limited Tbk
Pusako Tarinka Tbk
2010
2011
2012
0.81
0.49
0.004
2.64
0.06
0.29
0.34
0.94
1.23
0.46
0.39
0.09
0.68
0.47
0.13
2.39
0.69
0.23
0.29
0.45
0.44
0.4
0.36
1.34
0.51
0.43
0.12
2.23
0.83
0.14
0.39
0.42
0.49
0.35
0.34
0.05
1.16
0.27
1.11
0.23
1.07
0.16
1.01
0.16
0.2
0.49
0.5
0.07
0.16
0.18
0.41
0.07
0.54
0.17
0.22
0.42
1.36
Universitas Sumatera Utara
Lampiran 3
Tabel Earnings Before Interest And Taxes to Total Assets (X3)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Nama Sampel
Bayu Buana Tbk
Bukit Uliwatu
Destinasi Tirta Nusantara
Fast Food Indonesia Tbk
Grahamas Citra Wisata
Hotel Mandarine Regency Tbk
Hotel Sahid Jaya Tbk
Indonesian Paradise Property Tbk
Island Concepts Indonesia Tbk
Jakarta Setia Budi International Tbk
Mas Murni Indonesia
Panorama Pariwisata
Pembangunan Graha Indah Lestari
Tbk
Pembangunan Jaya Ancol Tbk
Pioneerindo Gournet International
Tbk
Plaza Indonesia Realty Tbk
Pudjaji & Sons Estate Tbk
Pudjaji Prestige Limited Tbk
Pusako Tarinka Tbk
2010
2011
2012
0.05
0.06
0.02
0.19
0.007
-0.007
0.037
0.008
-0.12
0.1
0.006
0.04
0.06
0.09
0.18
0.19
0.02
0.002
0.07
0.008
0.01
0.09
0.01
0.001
0.06
0.07
0.15
0.17
-0.04
0.01
0.03
0.01
0.001
0.07
0.01
0.05
0.001
0.12
0.01
0.12
0.01
0.1
0.21
0.02
0.28
0.01
0.04
0.04
0.03
0.16
0.03
0.02
0.24
0.08
0.3
0.04
0.02
Universitas Sumatera Utara
Lampiran 4
Tabel Market Value of Equityto Total Liabilities (X4)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Nama Sampel
Bayu Buana Tbk
Bukit Uliwatu
Destinasi Tirta Nusantara
Fast Food Indonesia Tbk
Grahamas Citra Wisata
Hotel Mandarine Regency Tbk
Hotel Sahid Jaya Tbk
Indonesian Paradise Property Tbk
Island Concepts Indonesia Tbk
Jakarta Setia Budi International Tbk
Mas Murni Indonesia
Panorama Pariwisata
Pembangunan Graha Indah Lestari
Tbk
Pembangunan Jaya Ancol Tbk
Pioneerindo Gournet International
Tbk
Plaza Indonesia Realty Tbk
Pudjaji & Sons Estate Tbk
Pudjaji Prestige Limited Tbk
Pusako Tarinka Tbk
2010
2011
2012
1.8
1.09
1.84
1.22
1.51
2.38
1.27
1.01
0.11
1.09
10.99
0.43
0.83
1.47
1.15
1.24
1.8
1.28
1.08
2.77
0.22
1.28
7.11
2.68
0.9
1.67
1.25
1.91
3.08
1.16
1.48
2.41
0.31
1.2
5.06
0.39
6.93
1.31
5.44
2.11
4.53
1.21
0.53
0.99
0.9
3.49
2.69
0.51
1.18
1.45
2.40
0.51
1.39
1.29
1.82
2.38
1.06
Universitas Sumatera Utara
Lampiran 5
Tabel Sales to Total Assets (X5)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Nama Sampel
Bayu Buana Tbk
Bukit Uliwatu
Destinasi Tirta Nusantara
Fast Food Indonesia Tbk
Grahamas Citra Wisata
Hotel Mandarine Regency Tbk
Hotel Sahid Jaya Tbk
Indonesian Paradise Property Tbk
Island Concepts Indonesia Tbk
Jakarta Setia Budi International Tbk
Mas Murni Indonesia
Panorama Pariwisata
Pembangunan Graha Indah Lestari
Tbk
Pembangunan Jaya Ancol Tbk
Pioneerindo Gournet International
Tbk
Plaza Indonesia Realty Tbk
Pudjaji & Sons Estate Tbk
Pudjaji Prestige Limited Tbk
Pusako Tarinka Tbk
2010
2011
2012
5,51
0,19
0,24
1,23
0,01
0,02
1,27
0,2
4,81
0,42
0,09
2,72
5,4
0,24
1,88
1,07
0,23
0,06
1,03
0,13
1,19
0,4
0,11
0,06
4,42
0,18
1,64
1,03
0,14
0,09
1,22
0,13
1,49
1,36
0,104
2,5
0,35
0,58
0,34
0,53
0,34
0,44
2,21
0,18
0,63
0,2
0,19
0,38
0,21
0,68
0,26
0,03
1,74
0,43
0,71
0,27
1,03
Universitas Sumatera Utara
Lampiran 6
Discriminant
Notes
Output Created
Comments
Input
Missing Value Handling
14-Apr-2014 14:15:40
Active Dataset
Filter
Weight
Split File
N of Rows in
Working Data
File
Definition of
Missing
Cases Used
Syntax
Resources
Variables Created or
Processor Time
Elapsed Time
Dis_1
DataSet0
57
User-defined missing values are treated as
missing in the analysis phase.
In the analysis phase, cases with no user- or
system-missing values for any predictor
variable are used. Cases with user-, systemmissing, or out-of-range values for the
grouping variable are always excluded.
DISCRIMINANT
/GROUPS=Y(1 4)
/VARIABLES=X1 X2 X3 X4 X5
/ANALYSIS ALL
/SAVE=CLASS SCORES PROBS
/METHOD=MAHAL
/PIN=.05
/POUT=.10
/PRIORS EQUAL
/HISTORY
/STATISTICS=MEAN STDDEV UNIVF
BOXM COEFF RAW CORR COV GCOV
TCOV
/PLOT=COMBINED SEPARATE
/PLOT=CASES
/CLASSIFY=NONMISSING POOLED.
0:00:01.841
0:00:03.776
Predicted Group for Analysis 1
Universitas Sumatera Utara
Modified
Dis1_1
Discriminant Scores from Function 1 for
Analysis 1
Discriminant Scores from Function 2 for
Analysis 1
Discriminant Scores from Function 3 for
Analysis 1
Probabilities of Membership in Group 1 for
Analysis 1
Probabilities of Membership in Group 2 for
Analysis 1
Probabilities of Membership in Group 3 for
Analysis 1
Probabilities of Membership in Group 4 for
Analysis 1
57
Dis2_1
Dis3_1
Dis1_2
Dis2_2
Dis3_2
Dis4_2
Number of unweighted cases written to the
working file after classification
Analysis Case Processing Summary
Unweighted Cases
Valid
Excluded
N
Missing or out-of-range
group codes
At least one missing
discriminating variable
Both missing or out-ofrange group codes and at
least one missing
discriminating variable
Total
Total
Percent
57
0
100.0
.0
0
.0
0
.0
0
57
.0
100.0
Tests of Equality of Group Means
Wilks' Lambda
NWC TO TA
RE TO TA
.841
.841
F
3.335
3.339
df1
df2
3
3
Sig.
53
53
.026
.026
Universitas Sumatera Utara
EBIT TO TA
EQ TO TL
S TO TA
.940
.861
.813
1.136
2.860
4.059
3
3
3
53
53
53
.343
.045
.011
Pooled Within-Groups Matricesa
NWC TO TA RE TO TA EBIT TO TA EQ TO TL S TO TA
Covariance
NWC TO TA
.020
-.021
.003
-.046
-.018
-.021
.279
.002
-.046
-.009
.003
.002
.006
-.044
.000
-.046
-.046
-.044
3.315
-1.255
S TO TA
-.018
-.009
Correlation NWC TO TA
1.000
-.277
RE TO TA
-.277
1.000
EBIT TO TA
.278
.047
EQ TO TL
-.179
-.047
S TO TA
-.101
-.014
a. The covariance matrix has 53 degrees of freedom.
.000
.278
.047
1.000
-.304
.002
-1.255
-.179
-.047
-.304
1.000
-.568
1.474
-.101
-.014
.002
-.568
1.000
RE TO TA
EBIT TO TA
EQ TO TL
Covariance Matricesa
KEBANGKRUTAN
1.00
NWC TO TA
.037
-.025
.007
-.120
-.025
-.025
.389
-.002
-.083
-.063
.007
-.002
.010
-.093
-.004
EQ TO TL
-.120
-.083
-.093
6.946
-2.580
S TO TA
NWC TO TA
RE TO TA
EBIT TO TA
EQ TO TL
S TO TA
NWC TO TA
RE TO TA
EBIT TO TA
-.025
.022
.002
.000
.058
-.058
.005
-.031
.000
-.063
.002
.003
.000
.032
-.025
-.031
.328
.009
-.004
.000
.000
2.580E-5
.001
.000
.000
.009
.006
-2.580
.058
.032
.001
.394
-.341
.010
-.031
-.005
3.049
-.058
-.025
.000
-.341
.304
-.006
.072
.005
RE TO TA
EBIT TO TA
2.00
3.00
NWC TO TA RE TO TA EBIT TO TA EQ TO TL S TO TA
Universitas Sumatera Utara
EQ TO TL
.010
-.031
-.005
S TO TA
-.006
.072
.005
4.00
NWC TO TA
.002
-.001
.000
RE TO TA
-.001
.018
.001
EBIT TO TA
.000
.001
.001
EQ TO TL
.003
-.004
-.001
S TO TA
.000
.000
.003
Total NWC TO TA
.023
-.011
.003
RE TO TA
-.011
.313
.005
EBIT TO TA
.003
.005
.006
EQ TO TL
-.007
.090
-.037
S TO TA
.009
.110
.006
a. The total covariance matrix has 56 degrees of freedom.
.372
-.199
.003
-.004
-.001
.166
-.004
-.007
.090
-.037
3.646
-.798
-.199
.223
.000
.000
.003
-.004
.020
.009
.110
.006
-.798
1.716
Analysis 1
Box's Test of Equality of Covariance Matrices
Log Determinants
KEBANGKRUTAN
Rank
Log
Determinant
1.00
4
-1.780
2.00
4
-23.178
3.00
4
-10.542
4.00
4
-16.243
Pooled within-groups
4
-4.183
The ranks and natural logarithms of determinants
printed are those of the group covariance matrices.
Test Results
Box's M
F
Approx.
df1
228.563
5.746
30
Universitas Sumatera Utara
df2
923.743
Sig.
.000
Tests null hypothesis of equal
population covariance
matrices.
Stepwise Statistics
Variables Entered/Removeda,b,c,d
Min. D Squared
Exact F
Step
Entered
Statistic
Between
Groups
Statistic
df1
df2
Sig.
1
NWC TO TA
.082 3,00 and 4,00
.515
1
53.000
2
RE TO TA
.496 1,00 and 2,00
1.014
2
52.000
3
S TO TA
.961 3,00 and 4,00
1.941
3
51.000
4
EQ TO TL
1.361 3,00 and 4,00
2.021
4
50.000
At each step, the variable that maximizes the Mahalanobis distance between the two closest
groups is entered.
a. Maximum number of steps is 10.
b. Maximum significance of F to enter is .05.
c. Minimum significance of F to remove is .10.
d. F level, tolerance, or VIN insufficient for further computation.
Variables in the Analysis
Step
1
2
3
4
Tolerance
NWC TO TA
NWC TO TA
RE TO TA
NWC TO TA
RE TO TA
S TO TA
NWC TO TA
1.000
.923
.923
.912
.921
.988
.818
Sig. of F to
Remove
.026
.006
.006
.006
.012
.019
.000
Min. D Squared
.058
.082
.059
.226
.496
.289
Between
Groups
2,00 and 3,00
3,00 and 4,00
2,00 and 3,00
3,00 and 4,00
1,00 and 2,00
2,00 and 3,00
Universitas Sumatera Utara
.476
.370
.135
.106
RE TO TA
S TO TA
EQ TO TL
.898
.624
.605
.011
.000
.000
.463
.635
.961
3,00 and 4,00
1,00 and 2,00
3,00 and 4,00
Variables Not in the Analysis
Step
0
1
2
3
4
Tolerance Min. Tolerance
Sig. of F to
Enter
Min. D
Squared
Between
Groups
NWC TO TA
1.000
1.000
.026
.082
3,00 and 4,00
RE TO TA
1.000
1.000
.026
.058
2,00 and 3,00
EBIT TO TA
1.000
1.000
.343
.007
2,00 and 4,00
EQ TO TL
1.000
1.000
.045
.012
3,00 and 4,00
S TO TA
RE TO TA
EBIT TO TA
EQ TO TL
S TO TA
EBIT TO TA
EQ TO TL
S TO TA
EBIT TO TA
EQ TO TL
EBIT TO TA
1.000
.923
.923
.968
.990
.906
.958
.988
.905
.605
.825
1.000
.923
.923
.968
.990
.838
.886
.912
.827
.605
.552
.011
.006
.300
.023
.010
.363
.023
.019
.367
.000
.267
.001
.496
.409
.108
.226
.763
.635
.961
1.162
1.361
1.805
2,00 and 3,00
1,00 and 2,00
3,00 and 4,00
3,00 and 4,00
3,00 and 4,00
1,00 and 2,00
1,00 and 2,00
3,00 and 4,00
3,00 and 4,00
3,00 and 4,00
3,00 and 4,00
Summary of Canonical Discriminant Functions
Eigenvalues
Functio
n
Eigenvalue
% of Variance Cumulative %
Canonical
Correlation
Universitas Sumatera Utara
1
1.841a
95.6
95.6
.805
a
2
.056
2.9
98.5
.231
a
3
.028
1.5
100.0
.165
a. First 3 canonical discriminant functions were used in the analysis.
Wilks' Lambda
Test of
Function(s)
Wilks' Lambda
1 through 3
2 through 3
3
.324
.921
.973
Chi-square
58.586
4.295
1.437
df
Sig.
12
6
2
.000
.637
.487
Standardized Canonical Discriminant
Function Coefficients
Function
2
1
NWC TO
TA
RE TO TA
EQ TO TL
S TO TA
3
.713
.765
.333
.551
1.013
1.001
-.342
.000
-.325
.800
-.581
-.451
Structure Matrix
1
NWC TO
TA
S TO TA
RE TO TA
EQ TO TL
EBIT TO
TAa
Function
2
3
.278
.893
*
.261
.346
.292
.292
-.082
-.397*
-.550
.063
.197
-.166
.741*
-.422*
.306*
Universitas Sumatera Utara
Pooled within-groups correlations between
discriminating variables and standardized
canonical discriminant functions
Variables ordered by absolute size of
correlation within function.
*. Largest absolute correlation between each
variable and any discriminant function
a. This variable not used in the analysis.
Canonical Discriminant Function
Coefficients
Function
2
1
NWC TO
5.003
5.370
TA
RE TO TA
1.044
-.649
EQ TO TL
.556
.000
S TO TA
.824
-.267
(Constant)
-3.006
.046
Unstandardized coefficients
3
2.336
1.515
-.319
-.372
-.111
Functions at Group Centroids
KEBA
NGK
RUTA
N
Function
1
2
3
1.00
1.357
-.063
-.058
2.00
.131
.723
.108
3.00
-.887
-.129
.203
4.00
-1.951
.015
-.254
Unstandardized canonical
discriminant functions evaluated at
group means
Classification Statistics
Classification Processing Summary
Processed
57
Universitas Sumatera Utara
Excluded
Missing or out-of-range
group codes
At least one missing
discriminating variable
Used in Output
0
0
57
Prior Probabilities for Groups
KEBA
NGKR
UTAN
Cases Used in Analysis
Prior
1.00
2.00
3.00
4.00
Total
Unweighted
.250
.250
.250
.250
1.000
Weighted
25
5
17
10
57
25.000
5.000
17.000
10.000
57.000
Classification Function Coefficients
1.00
KEBANGKRUTAN
2.00
3.00
NWC TO TA
21.088
19.559
RE TO TA
4.836
3.299
EQ TO TL
2.500
1.764
S TO TA
3.471
2.189
(Constant)
-10.958
-6.605
Fisher's linear discriminant functions
10.113
2.932
1.168
1.543
-3.741
4.00
4.496
1.037
.722
.797
-1.999
Casewise Statistics
Case
Numb
er
Highest Group
Second Highest
Group
P(D>d | G=g)
Universitas Sumatera Utara
Actua
l Predicted
Group Group
p
Squared
Mahalano
bis
Distance
P(G=g |
to
D=d) Centroid
df
Squared
Mahalanobi
P(G=g | s Distance
D=d) to Centroid
Group
Origi 1
nal 2
1
1
.013
3
.996
10.780
2
.004
21.955
4
4
.931
3
.576
.446
3
.382
1.266
3
4
4
.958
3
.597
.309
3
.320
1.554
4
3
**
.002
3
.591
14.680
3
.324
15.879
5
4
4
.993
3
.694
.090
3
.266
2.007
3
**
.898
3
.399
.595
3
.365
.777
**
.917
3
.394
.508
2
.349
.753
3
.813
3
.579
.950
4
.315
2.172
6
1
2
7
2
3
8
3
9
1
1
.016
3
.865
10.266
3
.102
14.533
10
3
**
.941
3
.484
.395
3
.438
.593
11
1
1
.003
3
.988
14.045
2
.012
22.945
12
1
3**
.543
3
.410
2.145
2
.241
3.212
13
1
1
.568
3
.940
2.024
2
.050
7.889
14
3
**
.922
3
.429
.487
3
.357
.858
15
1
1
.690
3
.470
1.466
2
.268
2.589
16
4
4
.970
3
.524
.244
3
.366
.959
17
3
3
.938
3
.422
.409
4
.372
.661
18
1
1
.064
3
.498
7.250
2
.495
7.260
19
2
2 1.000
3
.538
.004
3
.232
1.685
20
1
1
.072
3
.990
6.989
2
.010
16.208
21
3
3
.987
3
.474
.139
4
.364
.667
22
1
2**
.933
3
.506
.432
1
.285
1.582
23
1
1
.015
3
.775
10.515
2
.133
14.033
24
3
3
.990
3
.533
.113
4
.293
1.306
25
4
4
.997
3
.568
.052
3
.356
.983
26
3
3
.978
3
.459
.200
4
.293
1.100
4
2
Universitas Sumatera Utara
27
1
2**
.998
3
.583
.040
3
.191
2.268
28
3
3
.970
3
.492
.245
4
.385
.736
29
3
3
.976
3
.452
.208
4
.258
1.327
30
1
1
.344
3
.797
3.323
2
.165
6.473
31
1
**
.478
3
.384
2.485
1
.367
2.575
32
1
1
.949
3
.856
.355
2
.124
4.216
33
3
3
.911
3
.417
.536
2
.273
1.383
34
4
4
.970
3
.747
.245
3
.231
2.588
35
4
4
.987
3
.533
.137
3
.365
.896
36
1
**
.000
3
.710
18.997
1
.289
20.794
37
2
2
.320
3
.695
3.509
1
.273
5.378
38
4
4
.912
3
.793
.532
3
.192
3.364
39
1
1
.436
3
.956
2.725
2
.042
8.980
40
3
3
.988
3
.465
.129
4
.349
.707
41
1
**
.958
3
.530
.309
1
.234
1.943
42
1
1
.028
3
.877
9.089
2
.105
13.338
43
1
**
.911
3
.453
.537
2
.282
1.482
44
4
4
.998
3
.603
.042
3
.327
1.265
45
2
3**
.929
3
.433
.454
2
.293
1.232
46
3
3
.984
3
.459
.161
4
.276
1.175
47
3
3
.959
3
.525
.303
4
.321
1.286
48
3
2**
.971
3
.443
.242
3
.306
.982
49
1
1
.448
3
.350
2.657
2
.340
2.711
50
1
**
.658
3
.367
1.607
2
.317
1.902
51
1
1
.990
3
.744
.115
2
.213
2.621
52
3
4**
.909
3
.409
.544
3
.405
.563
53
1
**
.845
3
.374
.820
1
.343
.990
54
4
4
.991
3
.552
.110
3
.366
.933
55
1
2**
.954
3
.459
.332
3
.318
1.064
56
2
2
.998
3
.574
.033
3
.219
1.955
57
1
1
.349
3
.419
3.287
2
.374
3.516
2
2
2
3
3
2
Universitas Sumatera Utara
**. Misclassified case
Universitas Sumatera Utara
Universitas Sumatera Utara
Universitas Sumatera Utara
Universitas Sumatera Utara
Universitas Sumatera Utara
Tabel Net Working Capital to Total Assets (X1)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Nama Sampel
Bayu Buana Tbk
Bukit Uliwatu
Destinasi Tirta Nusantara
Fast Food Indonesia Tbk
Grahamas Citra Wisata
Hotel Mandarine Regency Tbk
Hotel Sahid Jaya Tbk
Indonesian Paradise Property Tbk
Island Concepts Indonesia Tbk
Jakarta Setia Budi International Tbk
Mas Murni Indonesia
Panorama Pariwisata
Pembangunan Graha Indah Lestari
Tbk
Pembangunan Jaya Ancol Tbk
Pioneerindo Gournet International
Tbk
Plaza Indonesia Realty Tbk
Pudjaji & Sons Estate Tbk
Pudjaji Prestige Limited Tbk
Pusako Tarinka Tbk
2010
2011
2012
0.2
-0.04
0.02
-0.11
-0.002
0.15
0.11
-0.005
-0.22
-0.005
0.001
0.03
0.25
0.05
0.21
0.1
0.01
0.04
0.07
0.22
0.03
0.12
0.001
0.13
0.24
0.06
0.215
0.211
0.017
0.05
0.07
0.05
0.01
0.16
0.0005
0.09
-0.03
0.19
0.09
0.08
0.125
0.10
0.09
0.09
0.11
0.51
0.19
-0.013
0.067
0.81
0.45
-0.01
0.12
0.02
0.17
0.22
0.18
Universitas Sumatera Utara
Lampiran 2
Tabel Retained Earnings to Total Assets (X2)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Nama Sampel
Bayu Buana Tbk
Bukit Uliwatu
Destinasi Tirta Nusantara
Fast Food Indonesia Tbk
Grahamas Citra Wisata
Hotel Mandarine Regency Tbk
Hotel Sahid Jaya Tbk
Indonesian Paradise Property Tbk
Island Concepts Indonesia Tbk
Jakarta Setia Budi International Tbk
Mas Murni Indonesia
Panorama Pariwisata
Pembangunan Graha Indah Lestari
Tbk
Pembangunan Jaya Ancol Tbk
Pioneerindo Gournet International
Tbk
Plaza Indonesia Realty Tbk
Pudjaji & Sons Estate Tbk
Pudjaji Prestige Limited Tbk
Pusako Tarinka Tbk
2010
2011
2012
0.81
0.49
0.004
2.64
0.06
0.29
0.34
0.94
1.23
0.46
0.39
0.09
0.68
0.47
0.13
2.39
0.69
0.23
0.29
0.45
0.44
0.4
0.36
1.34
0.51
0.43
0.12
2.23
0.83
0.14
0.39
0.42
0.49
0.35
0.34
0.05
1.16
0.27
1.11
0.23
1.07
0.16
1.01
0.16
0.2
0.49
0.5
0.07
0.16
0.18
0.41
0.07
0.54
0.17
0.22
0.42
1.36
Universitas Sumatera Utara
Lampiran 3
Tabel Earnings Before Interest And Taxes to Total Assets (X3)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Nama Sampel
Bayu Buana Tbk
Bukit Uliwatu
Destinasi Tirta Nusantara
Fast Food Indonesia Tbk
Grahamas Citra Wisata
Hotel Mandarine Regency Tbk
Hotel Sahid Jaya Tbk
Indonesian Paradise Property Tbk
Island Concepts Indonesia Tbk
Jakarta Setia Budi International Tbk
Mas Murni Indonesia
Panorama Pariwisata
Pembangunan Graha Indah Lestari
Tbk
Pembangunan Jaya Ancol Tbk
Pioneerindo Gournet International
Tbk
Plaza Indonesia Realty Tbk
Pudjaji & Sons Estate Tbk
Pudjaji Prestige Limited Tbk
Pusako Tarinka Tbk
2010
2011
2012
0.05
0.06
0.02
0.19
0.007
-0.007
0.037
0.008
-0.12
0.1
0.006
0.04
0.06
0.09
0.18
0.19
0.02
0.002
0.07
0.008
0.01
0.09
0.01
0.001
0.06
0.07
0.15
0.17
-0.04
0.01
0.03
0.01
0.001
0.07
0.01
0.05
0.001
0.12
0.01
0.12
0.01
0.1
0.21
0.02
0.28
0.01
0.04
0.04
0.03
0.16
0.03
0.02
0.24
0.08
0.3
0.04
0.02
Universitas Sumatera Utara
Lampiran 4
Tabel Market Value of Equityto Total Liabilities (X4)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Nama Sampel
Bayu Buana Tbk
Bukit Uliwatu
Destinasi Tirta Nusantara
Fast Food Indonesia Tbk
Grahamas Citra Wisata
Hotel Mandarine Regency Tbk
Hotel Sahid Jaya Tbk
Indonesian Paradise Property Tbk
Island Concepts Indonesia Tbk
Jakarta Setia Budi International Tbk
Mas Murni Indonesia
Panorama Pariwisata
Pembangunan Graha Indah Lestari
Tbk
Pembangunan Jaya Ancol Tbk
Pioneerindo Gournet International
Tbk
Plaza Indonesia Realty Tbk
Pudjaji & Sons Estate Tbk
Pudjaji Prestige Limited Tbk
Pusako Tarinka Tbk
2010
2011
2012
1.8
1.09
1.84
1.22
1.51
2.38
1.27
1.01
0.11
1.09
10.99
0.43
0.83
1.47
1.15
1.24
1.8
1.28
1.08
2.77
0.22
1.28
7.11
2.68
0.9
1.67
1.25
1.91
3.08
1.16
1.48
2.41
0.31
1.2
5.06
0.39
6.93
1.31
5.44
2.11
4.53
1.21
0.53
0.99
0.9
3.49
2.69
0.51
1.18
1.45
2.40
0.51
1.39
1.29
1.82
2.38
1.06
Universitas Sumatera Utara
Lampiran 5
Tabel Sales to Total Assets (X5)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Nama Sampel
Bayu Buana Tbk
Bukit Uliwatu
Destinasi Tirta Nusantara
Fast Food Indonesia Tbk
Grahamas Citra Wisata
Hotel Mandarine Regency Tbk
Hotel Sahid Jaya Tbk
Indonesian Paradise Property Tbk
Island Concepts Indonesia Tbk
Jakarta Setia Budi International Tbk
Mas Murni Indonesia
Panorama Pariwisata
Pembangunan Graha Indah Lestari
Tbk
Pembangunan Jaya Ancol Tbk
Pioneerindo Gournet International
Tbk
Plaza Indonesia Realty Tbk
Pudjaji & Sons Estate Tbk
Pudjaji Prestige Limited Tbk
Pusako Tarinka Tbk
2010
2011
2012
5,51
0,19
0,24
1,23
0,01
0,02
1,27
0,2
4,81
0,42
0,09
2,72
5,4
0,24
1,88
1,07
0,23
0,06
1,03
0,13
1,19
0,4
0,11
0,06
4,42
0,18
1,64
1,03
0,14
0,09
1,22
0,13
1,49
1,36
0,104
2,5
0,35
0,58
0,34
0,53
0,34
0,44
2,21
0,18
0,63
0,2
0,19
0,38
0,21
0,68
0,26
0,03
1,74
0,43
0,71
0,27
1,03
Universitas Sumatera Utara
Lampiran 6
Discriminant
Notes
Output Created
Comments
Input
Missing Value Handling
14-Apr-2014 14:15:40
Active Dataset
Filter
Weight
Split File
N of Rows in
Working Data
File
Definition of
Missing
Cases Used
Syntax
Resources
Variables Created or
Processor Time
Elapsed Time
Dis_1
DataSet0
57
User-defined missing values are treated as
missing in the analysis phase.
In the analysis phase, cases with no user- or
system-missing values for any predictor
variable are used. Cases with user-, systemmissing, or out-of-range values for the
grouping variable are always excluded.
DISCRIMINANT
/GROUPS=Y(1 4)
/VARIABLES=X1 X2 X3 X4 X5
/ANALYSIS ALL
/SAVE=CLASS SCORES PROBS
/METHOD=MAHAL
/PIN=.05
/POUT=.10
/PRIORS EQUAL
/HISTORY
/STATISTICS=MEAN STDDEV UNIVF
BOXM COEFF RAW CORR COV GCOV
TCOV
/PLOT=COMBINED SEPARATE
/PLOT=CASES
/CLASSIFY=NONMISSING POOLED.
0:00:01.841
0:00:03.776
Predicted Group for Analysis 1
Universitas Sumatera Utara
Modified
Dis1_1
Discriminant Scores from Function 1 for
Analysis 1
Discriminant Scores from Function 2 for
Analysis 1
Discriminant Scores from Function 3 for
Analysis 1
Probabilities of Membership in Group 1 for
Analysis 1
Probabilities of Membership in Group 2 for
Analysis 1
Probabilities of Membership in Group 3 for
Analysis 1
Probabilities of Membership in Group 4 for
Analysis 1
57
Dis2_1
Dis3_1
Dis1_2
Dis2_2
Dis3_2
Dis4_2
Number of unweighted cases written to the
working file after classification
Analysis Case Processing Summary
Unweighted Cases
Valid
Excluded
N
Missing or out-of-range
group codes
At least one missing
discriminating variable
Both missing or out-ofrange group codes and at
least one missing
discriminating variable
Total
Total
Percent
57
0
100.0
.0
0
.0
0
.0
0
57
.0
100.0
Tests of Equality of Group Means
Wilks' Lambda
NWC TO TA
RE TO TA
.841
.841
F
3.335
3.339
df1
df2
3
3
Sig.
53
53
.026
.026
Universitas Sumatera Utara
EBIT TO TA
EQ TO TL
S TO TA
.940
.861
.813
1.136
2.860
4.059
3
3
3
53
53
53
.343
.045
.011
Pooled Within-Groups Matricesa
NWC TO TA RE TO TA EBIT TO TA EQ TO TL S TO TA
Covariance
NWC TO TA
.020
-.021
.003
-.046
-.018
-.021
.279
.002
-.046
-.009
.003
.002
.006
-.044
.000
-.046
-.046
-.044
3.315
-1.255
S TO TA
-.018
-.009
Correlation NWC TO TA
1.000
-.277
RE TO TA
-.277
1.000
EBIT TO TA
.278
.047
EQ TO TL
-.179
-.047
S TO TA
-.101
-.014
a. The covariance matrix has 53 degrees of freedom.
.000
.278
.047
1.000
-.304
.002
-1.255
-.179
-.047
-.304
1.000
-.568
1.474
-.101
-.014
.002
-.568
1.000
RE TO TA
EBIT TO TA
EQ TO TL
Covariance Matricesa
KEBANGKRUTAN
1.00
NWC TO TA
.037
-.025
.007
-.120
-.025
-.025
.389
-.002
-.083
-.063
.007
-.002
.010
-.093
-.004
EQ TO TL
-.120
-.083
-.093
6.946
-2.580
S TO TA
NWC TO TA
RE TO TA
EBIT TO TA
EQ TO TL
S TO TA
NWC TO TA
RE TO TA
EBIT TO TA
-.025
.022
.002
.000
.058
-.058
.005
-.031
.000
-.063
.002
.003
.000
.032
-.025
-.031
.328
.009
-.004
.000
.000
2.580E-5
.001
.000
.000
.009
.006
-2.580
.058
.032
.001
.394
-.341
.010
-.031
-.005
3.049
-.058
-.025
.000
-.341
.304
-.006
.072
.005
RE TO TA
EBIT TO TA
2.00
3.00
NWC TO TA RE TO TA EBIT TO TA EQ TO TL S TO TA
Universitas Sumatera Utara
EQ TO TL
.010
-.031
-.005
S TO TA
-.006
.072
.005
4.00
NWC TO TA
.002
-.001
.000
RE TO TA
-.001
.018
.001
EBIT TO TA
.000
.001
.001
EQ TO TL
.003
-.004
-.001
S TO TA
.000
.000
.003
Total NWC TO TA
.023
-.011
.003
RE TO TA
-.011
.313
.005
EBIT TO TA
.003
.005
.006
EQ TO TL
-.007
.090
-.037
S TO TA
.009
.110
.006
a. The total covariance matrix has 56 degrees of freedom.
.372
-.199
.003
-.004
-.001
.166
-.004
-.007
.090
-.037
3.646
-.798
-.199
.223
.000
.000
.003
-.004
.020
.009
.110
.006
-.798
1.716
Analysis 1
Box's Test of Equality of Covariance Matrices
Log Determinants
KEBANGKRUTAN
Rank
Log
Determinant
1.00
4
-1.780
2.00
4
-23.178
3.00
4
-10.542
4.00
4
-16.243
Pooled within-groups
4
-4.183
The ranks and natural logarithms of determinants
printed are those of the group covariance matrices.
Test Results
Box's M
F
Approx.
df1
228.563
5.746
30
Universitas Sumatera Utara
df2
923.743
Sig.
.000
Tests null hypothesis of equal
population covariance
matrices.
Stepwise Statistics
Variables Entered/Removeda,b,c,d
Min. D Squared
Exact F
Step
Entered
Statistic
Between
Groups
Statistic
df1
df2
Sig.
1
NWC TO TA
.082 3,00 and 4,00
.515
1
53.000
2
RE TO TA
.496 1,00 and 2,00
1.014
2
52.000
3
S TO TA
.961 3,00 and 4,00
1.941
3
51.000
4
EQ TO TL
1.361 3,00 and 4,00
2.021
4
50.000
At each step, the variable that maximizes the Mahalanobis distance between the two closest
groups is entered.
a. Maximum number of steps is 10.
b. Maximum significance of F to enter is .05.
c. Minimum significance of F to remove is .10.
d. F level, tolerance, or VIN insufficient for further computation.
Variables in the Analysis
Step
1
2
3
4
Tolerance
NWC TO TA
NWC TO TA
RE TO TA
NWC TO TA
RE TO TA
S TO TA
NWC TO TA
1.000
.923
.923
.912
.921
.988
.818
Sig. of F to
Remove
.026
.006
.006
.006
.012
.019
.000
Min. D Squared
.058
.082
.059
.226
.496
.289
Between
Groups
2,00 and 3,00
3,00 and 4,00
2,00 and 3,00
3,00 and 4,00
1,00 and 2,00
2,00 and 3,00
Universitas Sumatera Utara
.476
.370
.135
.106
RE TO TA
S TO TA
EQ TO TL
.898
.624
.605
.011
.000
.000
.463
.635
.961
3,00 and 4,00
1,00 and 2,00
3,00 and 4,00
Variables Not in the Analysis
Step
0
1
2
3
4
Tolerance Min. Tolerance
Sig. of F to
Enter
Min. D
Squared
Between
Groups
NWC TO TA
1.000
1.000
.026
.082
3,00 and 4,00
RE TO TA
1.000
1.000
.026
.058
2,00 and 3,00
EBIT TO TA
1.000
1.000
.343
.007
2,00 and 4,00
EQ TO TL
1.000
1.000
.045
.012
3,00 and 4,00
S TO TA
RE TO TA
EBIT TO TA
EQ TO TL
S TO TA
EBIT TO TA
EQ TO TL
S TO TA
EBIT TO TA
EQ TO TL
EBIT TO TA
1.000
.923
.923
.968
.990
.906
.958
.988
.905
.605
.825
1.000
.923
.923
.968
.990
.838
.886
.912
.827
.605
.552
.011
.006
.300
.023
.010
.363
.023
.019
.367
.000
.267
.001
.496
.409
.108
.226
.763
.635
.961
1.162
1.361
1.805
2,00 and 3,00
1,00 and 2,00
3,00 and 4,00
3,00 and 4,00
3,00 and 4,00
1,00 and 2,00
1,00 and 2,00
3,00 and 4,00
3,00 and 4,00
3,00 and 4,00
3,00 and 4,00
Summary of Canonical Discriminant Functions
Eigenvalues
Functio
n
Eigenvalue
% of Variance Cumulative %
Canonical
Correlation
Universitas Sumatera Utara
1
1.841a
95.6
95.6
.805
a
2
.056
2.9
98.5
.231
a
3
.028
1.5
100.0
.165
a. First 3 canonical discriminant functions were used in the analysis.
Wilks' Lambda
Test of
Function(s)
Wilks' Lambda
1 through 3
2 through 3
3
.324
.921
.973
Chi-square
58.586
4.295
1.437
df
Sig.
12
6
2
.000
.637
.487
Standardized Canonical Discriminant
Function Coefficients
Function
2
1
NWC TO
TA
RE TO TA
EQ TO TL
S TO TA
3
.713
.765
.333
.551
1.013
1.001
-.342
.000
-.325
.800
-.581
-.451
Structure Matrix
1
NWC TO
TA
S TO TA
RE TO TA
EQ TO TL
EBIT TO
TAa
Function
2
3
.278
.893
*
.261
.346
.292
.292
-.082
-.397*
-.550
.063
.197
-.166
.741*
-.422*
.306*
Universitas Sumatera Utara
Pooled within-groups correlations between
discriminating variables and standardized
canonical discriminant functions
Variables ordered by absolute size of
correlation within function.
*. Largest absolute correlation between each
variable and any discriminant function
a. This variable not used in the analysis.
Canonical Discriminant Function
Coefficients
Function
2
1
NWC TO
5.003
5.370
TA
RE TO TA
1.044
-.649
EQ TO TL
.556
.000
S TO TA
.824
-.267
(Constant)
-3.006
.046
Unstandardized coefficients
3
2.336
1.515
-.319
-.372
-.111
Functions at Group Centroids
KEBA
NGK
RUTA
N
Function
1
2
3
1.00
1.357
-.063
-.058
2.00
.131
.723
.108
3.00
-.887
-.129
.203
4.00
-1.951
.015
-.254
Unstandardized canonical
discriminant functions evaluated at
group means
Classification Statistics
Classification Processing Summary
Processed
57
Universitas Sumatera Utara
Excluded
Missing or out-of-range
group codes
At least one missing
discriminating variable
Used in Output
0
0
57
Prior Probabilities for Groups
KEBA
NGKR
UTAN
Cases Used in Analysis
Prior
1.00
2.00
3.00
4.00
Total
Unweighted
.250
.250
.250
.250
1.000
Weighted
25
5
17
10
57
25.000
5.000
17.000
10.000
57.000
Classification Function Coefficients
1.00
KEBANGKRUTAN
2.00
3.00
NWC TO TA
21.088
19.559
RE TO TA
4.836
3.299
EQ TO TL
2.500
1.764
S TO TA
3.471
2.189
(Constant)
-10.958
-6.605
Fisher's linear discriminant functions
10.113
2.932
1.168
1.543
-3.741
4.00
4.496
1.037
.722
.797
-1.999
Casewise Statistics
Case
Numb
er
Highest Group
Second Highest
Group
P(D>d | G=g)
Universitas Sumatera Utara
Actua
l Predicted
Group Group
p
Squared
Mahalano
bis
Distance
P(G=g |
to
D=d) Centroid
df
Squared
Mahalanobi
P(G=g | s Distance
D=d) to Centroid
Group
Origi 1
nal 2
1
1
.013
3
.996
10.780
2
.004
21.955
4
4
.931
3
.576
.446
3
.382
1.266
3
4
4
.958
3
.597
.309
3
.320
1.554
4
3
**
.002
3
.591
14.680
3
.324
15.879
5
4
4
.993
3
.694
.090
3
.266
2.007
3
**
.898
3
.399
.595
3
.365
.777
**
.917
3
.394
.508
2
.349
.753
3
.813
3
.579
.950
4
.315
2.172
6
1
2
7
2
3
8
3
9
1
1
.016
3
.865
10.266
3
.102
14.533
10
3
**
.941
3
.484
.395
3
.438
.593
11
1
1
.003
3
.988
14.045
2
.012
22.945
12
1
3**
.543
3
.410
2.145
2
.241
3.212
13
1
1
.568
3
.940
2.024
2
.050
7.889
14
3
**
.922
3
.429
.487
3
.357
.858
15
1
1
.690
3
.470
1.466
2
.268
2.589
16
4
4
.970
3
.524
.244
3
.366
.959
17
3
3
.938
3
.422
.409
4
.372
.661
18
1
1
.064
3
.498
7.250
2
.495
7.260
19
2
2 1.000
3
.538
.004
3
.232
1.685
20
1
1
.072
3
.990
6.989
2
.010
16.208
21
3
3
.987
3
.474
.139
4
.364
.667
22
1
2**
.933
3
.506
.432
1
.285
1.582
23
1
1
.015
3
.775
10.515
2
.133
14.033
24
3
3
.990
3
.533
.113
4
.293
1.306
25
4
4
.997
3
.568
.052
3
.356
.983
26
3
3
.978
3
.459
.200
4
.293
1.100
4
2
Universitas Sumatera Utara
27
1
2**
.998
3
.583
.040
3
.191
2.268
28
3
3
.970
3
.492
.245
4
.385
.736
29
3
3
.976
3
.452
.208
4
.258
1.327
30
1
1
.344
3
.797
3.323
2
.165
6.473
31
1
**
.478
3
.384
2.485
1
.367
2.575
32
1
1
.949
3
.856
.355
2
.124
4.216
33
3
3
.911
3
.417
.536
2
.273
1.383
34
4
4
.970
3
.747
.245
3
.231
2.588
35
4
4
.987
3
.533
.137
3
.365
.896
36
1
**
.000
3
.710
18.997
1
.289
20.794
37
2
2
.320
3
.695
3.509
1
.273
5.378
38
4
4
.912
3
.793
.532
3
.192
3.364
39
1
1
.436
3
.956
2.725
2
.042
8.980
40
3
3
.988
3
.465
.129
4
.349
.707
41
1
**
.958
3
.530
.309
1
.234
1.943
42
1
1
.028
3
.877
9.089
2
.105
13.338
43
1
**
.911
3
.453
.537
2
.282
1.482
44
4
4
.998
3
.603
.042
3
.327
1.265
45
2
3**
.929
3
.433
.454
2
.293
1.232
46
3
3
.984
3
.459
.161
4
.276
1.175
47
3
3
.959
3
.525
.303
4
.321
1.286
48
3
2**
.971
3
.443
.242
3
.306
.982
49
1
1
.448
3
.350
2.657
2
.340
2.711
50
1
**
.658
3
.367
1.607
2
.317
1.902
51
1
1
.990
3
.744
.115
2
.213
2.621
52
3
4**
.909
3
.409
.544
3
.405
.563
53
1
**
.845
3
.374
.820
1
.343
.990
54
4
4
.991
3
.552
.110
3
.366
.933
55
1
2**
.954
3
.459
.332
3
.318
1.064
56
2
2
.998
3
.574
.033
3
.219
1.955
57
1
1
.349
3
.419
3.287
2
.374
3.516
2
2
2
3
3
2
Universitas Sumatera Utara
**. Misclassified case
Universitas Sumatera Utara
Universitas Sumatera Utara
Universitas Sumatera Utara
Universitas Sumatera Utara
Universitas Sumatera Utara