Analisis Faktor – Faktor Yang Mempengaruhi Keberhasilan Turnaround Pada Perusahaan Yang Mengalami Financial Distress
Lampiran 1. Time Table Penelitian
No
1
2
3
4
5
6
7
Kegiatan
Penyusunan dan Pengajuan
proposal
Bimbingan proposal
Kolokium
Bimbingan tesis
Seminar hasil
Bimbingan akhir tesis
Sidang akhir tesis
November Desember
Januari
2014 - 2015
Februari
Maret
April
Mei
Juni
Lampiran 2. Proses Pengambilan Sampel
Kriteria
No
Kode
1
2
3
Perusahaan
Sampel
Nama Perusahaan
1
KDSI
Kedawung Setia Industrial Tbk
√
√
√
Sampel 1
2
KICI
PT Kedaung Indah Can Tbk
√
√
√
Sampel 2
3
LMPI
PT Langgeng Makmur Industry Tbk
√
√
√
Sampel 3
4
MBTO
PT Martina Berto Tbk
-
-
-
-
5
MRAT
PT Mustika Ratu Tbk
√
√
-
-
6
TCID
PT Mandom Indonesia Tbk
√
√
-
-
7
UNVR
PT Unilever Indonesia Tbk
√
√
-
-
8
PROD
Sara Lee Body Care Indonesia Tbk
-
-
-
-
9
DVLA
PT Darya Varia Laboratoria Tbk
√
√
-
-
10
INAF
PT Indofarma (Persero) Tbk
√
√
√
Sampel 4
11
KAEF
PT Kimia Farma (Persero) Tbk
√
√
-
-
12
KLBF
PT Kalbe Farma Tbk
√
√
-
-
13
MERK
PT Merck Tbk
√
√
-
-
14
PYFA
PT Pyridam Farma Tbk
√
√
√
Sampel 5
15
SCPI
PT Schering Plough Indonesia Tbk
√
√
√
Sampel 6
16
SIDO
PT Industri Jamu & Farmasi Sido Muncul Tbk
-
-
-
-
17
SQBB
PT Taisho Pharmaceutical Indonesia Tbk
√
√
-
-
18
TSPC
PT Tempo Scan Pasific Tbk
√
√
-
-
19
GGRM
Gudang Garam Tbk
√
√
-
-
20
HMSP
Handjaya Mandala Sampoerna Tbk
√
√
-
-
21
RMBA
Bentoel International Investama Tbk
√
√
√
Sampel 7
22
WIIM
Wismilak Inti Makmur Tbk
-
-
-
-
23
ADES
PT Akasha Wira International Tbk
√
√
√
Sampel 8
24
AISA
PT Tiga Pilar Sejahtera Food Tbk
√
√
√
Sampel 9
25
ALTO
PT Tri Banyan Tirta Tbk
-
-
-
-
26
CEKA
PT Cahaya Kalbar Tbk
√
√
-
-
27
DAVO
PT Davomas Abadi Tbk
√
√
√
Sampel 10
28
DLTA
PT Delta Djakarta Tbk
√
√
-
-
29
ICBP
PT Indofood CBP Sukses Makmur Tbk
-
-
-
-
30
INDF
PT Indofood Sukses Makmur Tbk
√
√
√
Sampel 11
31
MLBI
PT Multi Bintang Indonesia Tbk
√
√
-
-
32
MYOR
PT Mayora Indah Tbk
√
√
-
-
33
PSDN
PT Prashida Aneka Niaga Tbk
√
√
√
Sampel 12
34
ROTI
PT Nippon Indosari Corporindo Tbk
-
-
-
-
35
SKBM
PT Sekar Bumi Tbk
-
-
-
-
36
SKLT
PT Sekar Laut Tbk
√
√
√
Sampel 13
37
STTP
PT Siantar Top Tbk
√
√
√
Sampel 14
38
ULTJ
PT Ultrajaya Milk Industry and Trading Company Tbk
√
√
√
Sampel 15
39
AQUA
Aqua Golden Mississippi
-
-
-
-
40
PTSN
Sat Nusa Persada Tbk
√
√
√
Sampel 16
41
IKBI
Sumi Indo Kabel Tbk
√
√
-
-
42
JECC
Jembo Cable Company Tbk
√
√
√
Sampel 17
43
KBLI
KMI Wire and Cable Tbk
√
√
√
Sampel 18
44
KBLM
Kabelindo Murni Tbk
√
√
√
Sampel 19
45
SCCO
Supreme Cable Manufacturing and Commerce Tbk
√
√
√
Sampel 20
46
VOKS
Voksel Electric Tbk
√
√
√
Sampel 21
47
BATA
Sepatu Bata Tbk
√
√
-
-
48
BIMA
Primarindo Asia Infrastructure Tbk
√
√
√
Sampel 22
49
SIMM
Surya Intrindo Makmur Tbk
-
-
-
-
50
ADMG
Polychem Indonesia Tbk
√
√
√
Sampel 23
51
ARGO
Argo Pantes Tbk
√
√
√
Sampel 24
52
CNTX
Century Textile Industry Tbk
√
√
√
Sampel 25
53
ERTX
Eratex Djaya Tbk
√
√
√
Sampel 26
54
ESTI
Ever Shine Tex Tbk
√
√
√
Sampel 27
55
HDTX
Pan asia Indo Resources Tbk
√
√
√
Sampel 28
56
INDR
Indo Rama Synthetic Tbk
√
√
√
Sampel 29
57
MYTX
Apac Citra Centertex Tbk
√
√
√
Sampel 30
58
PBRX
Pan Brothers Tbk
√
√
√
Sampel 31
59
POLY
Asia Pasific Fibers Tbk
√
√
√
Sampel 32
60
RICY
Ricky Putra Globalindo Tbk
√
√
√
Sampel 33
61
SRIL
Sri Rejeki Isman Tbk
-
-
-
-
62
SSTM
Sunson Textile Manufacturer Tbk
√
√
√
Sampel 34
63
STAR
Star Petrochem Tbk
-
-
-
-
64
TFCO
Tifico Fiber Indonesia Tbk
√
√
√
Sampel 35
65
TRIS
Trisula International Tbk
-
-
-
-
66
UNIT
Nusantara Inti Corpora Tbk
√
√
√
Sampel 36
67
UNTX
Unitex Tbk
√
√
√
Sampel 37
68
PAFI
Panasia Filamen Inti Tbk
-
-
-
-
69
ASII
Astra International Tbk
√
√
-
-
70
AUTO
Astra Otoparts Tbk
√
√
-
-
71
BRAM
Indo Kordsa Tbk
√
√
-
-
72
GDYR
Goodyear Indonesia Tbk
√
√
√
Sampel 38
73
GJTL
Gajah Tunggal Tbk
√
√
√
Sampel 39
74
IMAS
Indomobil Sukses International Tbk
√
√
√
Sampel 40
75
INDS
Indospring Tbk
√
√
√
Sampel 41
76
LPIN
Multi Prima Sejahtera Tbk
√
√
√
Sampel 42
77
MASA
Multistrada Arah Sarana Tbk
√
√
√
Sampel 43
78
NIPS
Nipress Tbk
√
√
√
Sampel 44
79
PRAS
Prima alloy steel Universal Tbk
√
√
√
Sampel 45
80
SMSM
Selamat Sempurna Tbk
√
√
-
-
81
ALDO
Alkindo Naratama Tbk
-
-
-
-
82
FASW
Fajar Surya Wisesa Tbk
√
√
√
Sampel 46
83
INKP
Indah Kiat Pulp & paper Tbk
√
√
√
Sampel 47
84
INRU
Toba Pulp Lestari Tbk
√
√
√
Sampel 48
85
KBRI
Kertas Basuki Rachmat Indonesia Tbk
√
√
√
Sampel 49
86
SPMA
Suparma Tbk
√
√
√
Sampel 50
87
TKIM
Pabrik Kertas Tjiwi Kimia Tbk
√
√
√
Sampel 51
88
SAIP
Surabaya Agung Industri pulp dan kertas Tbk
-
-
-
-
89
SULI
Sumalindo Lestari Jaya Tbk
√
√
√
Sampel 52
90
TIRT
Tirta Mahakam Resources Tbk
√
√
√
Sampel 53
91
CPIN
Charoen Pokphand Indonesia Tbk
√
√
-
-
92
JPFA
Japfa Comfeed Indonesia Tbk
√
√
√
Sampel 54
93
MAIN
Malindo Feedmill Tbk
√
√
-
-
94
SIPD
Siearad Produce Tbk
√
√
√
Sampel 55
95
MBAI
PT. Multibreeder Adirama Indonesia Tbk
-
-
-
-
96
AKKU
Alam Karya Unggul Tbk
√
√
√
Sampel 56
97
AKPI
Argha Karya Prima Industry Tbk
√
-
√
-
98
APLI
Asiaplast Industries Tbk
√
√
√
Sampel 57
99
BRNA
Berlina Tbk
√
√
√
Sampel 58
100
FPNI
Titan Kimia Nusantara Tbk
√
√
√
Sampel 59
101
IGAR
Champion Pasific Indonesia Tbk
√
√
-
-
102
IPOL
Indopoly Swakarsa Industry Tbk
-
-
-
-
103
SIAP
Sekawan Intipratama Tbk
√
√
√
Sampel 60
104
SIMA
Siwani Makmur Tbk
√
√
√
Sampel 61
105
TALF
Tunas Alfin Tbk
-
-
-
-
106
TRST
Trias Sentosa Tbk
√
√
√
Sampel 62
107
YPAS
Yana Prima Hasta Persada Tbk
√
√
-
-
108
DYNA
Dynaplast Tbk
-
-
-
-
109
BRPT
Barito Pasific Tbk
√
√
√
Sampel 63
110
BUDI
Budi Acid Jaya Tbk
√
√
√
Sampel 64
111
DPNS
Duta Pertiwi Nusantara
√
√
-
-
112
EKAD
Ekadharma International Tbk
√
√
√
Sampel 65
113
ETWA
Eterindo Wahanatama Tbk
√
√
√
Sampel 66
114
INCI
Intan Wijaya International Tbk
√
√
√
Sampel 67
115
SOBI
Sorini Agro Asia Corporindo Tbk
√
√
-
-
116
SRSN
Indo Acitama Tbk
√
√
√
Sampel 68
117
TPIA
Chandra Asri Petrochemical
√
√
-
-
118
UNIC
Unggul Indah Cahaya Tbk
√
√
√
Sampel 69
119
ALKA
Alakasa Industrindo Tbk
√
√
-
-
120
ALMI
Alumindo Light Metal Industry Tbk
√
√
√
Sampel 70
121
BAJA
Sarana Central Bajatama Tbk
-
-
-
-
122
BTON
Beton Jaya Manunggal Tbk
√
√
-
-
123
CTBN
Citra Turbindo Tbk
√
√
√
Sampel 71
124
GDST
Gunawan Dianjaya Steel Tbk
√
√
√
Sampel 72
125
INAI
Indal Aluminium Industry Tbk
√
√
√
Sampel 73
126
ITMA
Itamaraya Tbk
√
-
√
-
√
√
Sampel 74
127
JKSW
Jakarta Kyoei Steel Work LTD Tbk
√
128
JPRS
Jaya Pari Steel Tbk
√
√
√
Sampel 75
129
KRAS
Krakatau Steel Tbk
-
-
-
-
130
LION
Lion Metal Works Tbk
√
√
-
-
131
LMSH
Lionmesh Prima Tbk
√
√
√
Sampel 76
132
MYRX
Hanson International Tbk
√
√
√
Sampel 77
133
NIKL
Pelat Timah Nusantara Tbk
√
√
-
-
134
PICO
Pelangi Indah Canindo Tbk
√
√
√
Sampel 78
135
TBMS
Tembaga Mulia Semanan Tbk
√
√
-
-
136
AMFG
Asahimas Flat Glass Tbk
√
√
√
Sampel 79
137
ARNA
Arwana Citra Mulia Tbk
√
√
√
Sampel 80
138
IKAI
Inti Keramik Alam Asri Industri Tbk
√
√
√
Sampel 81
139
KIAS
Keramika Indonesia Assosiasi Tbk
√
√
√
Sampel 82
140
MLIA
Mulia Industrindo Tbk
√
√
√
Sampel 83
141
TOTO
Surya Toto Indonesia Tbk
√
√
√
Sampel 84
142
INTP
Indocement Tunggal Prakasa Tbk
√
√
-
-
143
SMCB
Holcim Indonesia Tbk
√
√
-
-
144
SMGR
Semen Gresik Tbk
√
√
-
-
145
SMBR
PT Semen Baturaja Tbk
-
-
-
-
Lampiran 3. Tabel Z-Score untuk kategori perusahaan financial distress - non financial distress
Z-Score
No
Kode
Kategori
Nama Perusahaan
2009
2010
2011
2012
2013
FD
NON FD
≤ 2,90
> 2,90
1
KDSI
Kedawung Setia Industrial Tbk
2,13
2,51
2,53
3,20
2,19
√
2
KICI
PT Kedaung Indah Can Tbk
1,44
1,98
1,80
1,98
2,40
√
3
LMPI
PT Langgeng Makmur Industry Tbk
1,51
1,30
1,07
0,99
0,94
√
4
MRAT
PT Mustika Ratu Tbk
3,53
4,53
3,55
3,48
2,97
√
5
TCID
PT Mandom Indonesia Tbk
8,81
8,98
8,81
8,52
6,17
√
6
UNVR
PT Unilever Indonesia Tbk
13,98
15,58 12,89
12,40
13,25
√
7
DVLA
PT Darya Varia Laboratoria Tbk
3,70
4,88
5,08
5,82
5,96
√
8
INAF
PT Indofarma (Persero) Tbk
1,95
1,87
1,83
2,22
1,26
9
KAEF
PT Kimia Farma (Persero) Tbk
3,03
3,51
4,45
5,05
4,39
√
10
KLBF
PT Kalbe Farma Tbk
6,35
14,31 11,34
14,26
11,75
√
11
MERK
PT Merck Tbk
13,72
16,69 18,07
12,79
13,41
√
12
PYFA
PT Pyridam Farma Tbk
2,79
3,24
3,02
2,76
1,95
√
13
SCPI
PT Schering Plough Indonesia Tbk
1,98
1,22
1,11
0,89
0,83
√
14
SQBB
PT Taisho Pharmaceutical Indonesia
Tbk
4,75
3,89
3,97
3,91
4,00
√
15
TSPC
PT Tempo Scan Pasific Tbk
4,40
5,93
6,76
8,35
6,56
√
16
GGRM
Gudang Garam Tbk
4,57
6,12
5,88
5,48
3,77
√
17
HMSP
Handjaya Mandala Sampoerna Tbk
6,79
9,05
13,08
13,28
13,69
√
18
RMBA
Bentoel International Investama Tbk
2,63
3,55
2,68
1,92
1,18
√
19
ADES
PT Akasha Wira International Tbk
0,17
4,32
1,42
3,81
3,87
√
20
AISA
PT Tiga Pilar Sejahtera Food Tbk
0,81
1,11
1,18
1,82
1,99
√
21
CEKA
PT Cahaya Kalbar Tbk
3,75
1,57
2,72
1,85
3,35
22
DAVO
PT Davomas Abadi Tbk
1,79
1,33
0,74
(3,83)
1,45
23
DLTA
PT Delta Djakarta Tbk
6,05
10,68 10,13
16,28
13,70
24
INDF
PT Indofood Sukses Makmur Tbk
1,94
2,46
2,32
2,37
1,80
25
MLBI
PT Multi Bintang Indonesia Tbk
4,73
7,16
8,20
10,98
18,55
√
26
MYOR
PT Mayora Indah Tbk
3,45
4,20
3,37
3,50
4,02
√
27
PSDN
PT Prashida Aneka Niaga Tbk
1,38
1,75
3,12
2,76
2,60
√
√
√
√
√
√
28
SKLT
PT Sekar Laut Tbk
2,43
2,49
2,49
2,46
2,63
√
29
STTP
PT Siantar Top Tbk
2,89
3,01
4,27
2,41
2,91
√
30
ULTJ
PT Ultrajaya Milk Industry and
Trading Company Tbk
2,90
3,83
3,14
4,46
9,21
√
31
PTSN
Sat Nusa Persada Tbk
2,25
2,83
2,95
2,93
3,11
√
32
IKBI
Sumi Indo Kabel Tbk
5,47
4,21
4,18
4,73
3,36
33
JECC
Jembo Cable Company Tbk
1,64
1,72
2,42
2,32
1,51
√
34
KBLI
KMI Wire and Cable Tbk
1,61
2,47
2,74
3,86
3,14
√
35
KBLM
Kabelindo Murni Tbk
1,28
1,72
1,61
1,73
1,97
√
36
SCCO
Supreme Cable Manufacturing and
Commerce Tbk
1,99
2,67
3,14
3,74
3,17
√
37
VOKS
Voksel Electric Tbk
1,90
1,57
2,04
2,40
1,73
√
38
BATA
Sepatu Bata Tbk
4,54
5,10
4,43
4,39
2,30
39
BIMA
Primarindo Asia Infrastructure Tbk
1,17
1,57
(0,39)
0,37
(0,42)
√
40
ADMG
Polychem Indonesia Tbk
0,71
0,95
1,63
1,36
√
41
ARGO
Argo Pantes Tbk
0,02
0,26
(0,47)
1,10
0,09
√
42
CNTX
Century Textile Industry Tbk
(0,11)
0,26
1,20
0,16
0,26
√
43
ERTX
Eratex Djaya Tbk
0,13
(1,37)
1,24
1,23
1,05
√
44
ESTI
Ever Shine Tex Tbk
1,47
1,45
1,85
1,51
1,23
√
45
HDTX
Pan asia Indo Resources Tbk
0,93
0,83
1,21
1,32
0,21
√
46
INDR
Indo Rama Synthetic Tbk
1,17
1,66
1,54
1,38
1,27
√
47
MYTX
Apac Citra Centertex Tbk
0,29
0,08
(2,27)
(2,07)
(0,47)
√
48
PBRX
Pan Brothers Tbk
2,33
2,48
2,62
2,31
2,51
√
49
POLY
Asia Pasific Fibers Tbk
3,89
(5,54)
√
50
RICY
Ricky Putra Globalindo Tbk
1,29
1,44
1,54
1,48
0,75
√
51
SSTM
Sunson Textile Manufacturer Tbk
1,01
1,10
0,77
0,93
0,85
√
52
TFCO
Tifico Fiber Indonesia Tbk
(0,22)
1,92
2,56
2,63
2,01
√
53
UNIT
Nusantara Inti Corpora Tbk
0,61
0,54
0,68
0,37
0,28
√
54
UNTX
Unitex Tbk
1,17
(0,93)
√
55
ASII
Astra International Tbk
3,59
3,85
3,57
2,06
1,79
√
56
AUTO
Astra Otoparts Tbk
3,94
5,59
4,62
3,62
4,06
√
57
BRAM
Indo Kordsa Tbk
3,30
3,94
3,78
2,00
1,58
√
58
GDYR
Goodyear Indonesia Tbk
1,94
2,27
2,09
2,46
2,71
(2,87)
(0,19)
(3,64) (4,08)
(1,43) (1,16)
1,31
√
√
√
59
GJTL
Gajah Tunggal Tbk
1,65
2,08
2,19
2,14
1,48
√
60
IMAS
Indomobil Sukses International Tbk
2,84
3,60
3,91
2,83
2,46
√
61
INDS
Indospring Tbk
1,96
1,98
2,69
2,70
2,04
√
62
LPIN
Multi Prima Sejahtera Tbk
1,08
1,65
1,52
2,93
1,81
√
63
MASA
Multistrada Arah Sarana Tbk
1,54
1,58
1,06
1,38
1,20
√
64
NIPS
Nipress Tbk
1,12
1,63
1,89
1,97
1,62
√
65
PRAS
Prima alloy steel Universal Tbk
0,50
0,92
0,71
0,85
0,64
√
66
SMSM
Selamat Sempurna Tbk
3,66
3,86
4,30
4,84
5,80
67
FASW
Fajar Surya Wisesa Tbk
2,07
2,20
2,54
1,35
1,32
√
68
INKP
Indah Kiat Pulp & Paper Tbk
0,34
0,59
0,51
0,43
0,68
√
69
INRU
Toba Pulp Lestari Tbk
70
KBRI
71
√
(1,40)
(1,02) (0,72)
(0,80)
(0,91)
√
Kertas Basuki Rachmat Indonesia
Tbk
0,44
(2,30) (0,29)
3,68
(0,79)
√
SPMA
Suparma Tbk
1,14
1,34
1,16
1,29
0,98
√
72
TKIM
Pabrik Kertas Tjiwi Kimia Tbk
0,90
1,01
0,97
0,93
0,85
√
73
SULI
Sumalindo Lestari Jaya Tbk
(1,43)
(1,42)
√
74
TIRT
Tirta Mahakam Resources Tbk
1,48
1,25
1,14
0,93
0,10
√
75
CPIN
Charoen Pokphand Indonesia Tbk
5,91
10,74
9,52
9,43
7,15
76
JPFA
Japfa Comfeed Indonesia Tbk
1,59
3,92
3,36
3,35
2,64
77
MAIN
Malindo Feedmill Tbk
3,13
4,00
3,79
4,40
4,36
78
SIPD
Siearad Produce Tbk
2,72
2,46
1,84
1,51
1,41
√
79
AKKU
Alam Karya Unggul Tbk
0,21
0,45
0,86
1,48
0,83
√
80
APLI
Asiaplast Industries Tbk
1,78
1,96
1,69
1,74
1,67
√
81
BRNA
Berlina Tbk
1,68
1,92
1,85
2,08
1,07
√
82
FPNI
Titan Kimia Nusantara Tbk
1,77
1,00
1,47
1,60
1,71
√
83
IGAR
Champion Pasific Indonesia Tbk
4,02
4,88
6,27
5,51
4,56
84
SIAP
Sekawan Intipratama Tbk
1,71
2,02
1,77
1,02
√
85
SIMA
Siwani Makmur Tbk
(1,36)
(0,67)
√
86
TRST
Trias Sentosa Tbk
1,86
1,96
2,29
1,91
1,16
√
87
YPAS
Yana Prima Hasta Persada Tbk
4,44
5,19
4,82
2,66
1,35
88
BRPT
Barito Pasific Tbk
1,45
1,27
1,39
1,03
1,17
√
89
BUDI
Budi Acid Jaya Tbk
2,12
1,51
1,83
1,36
1,48
√
(0,40)
(1,29)
(0,45) (1,52)
1,92
(1,56) (1,69)
√
√
√
√
√
√
90
DPNS
Duta Pertiwi Nusantara
3,75
2,66
3,77
3,73
4,36
91
EKAD
Ekadharma International Tbk
2,39
2,97
3,29
3,84
3,41
√
92
ETWA
Eterindo Wahanatama Tbk
1,37
1,67
1,92
1,42
1,22
√
93
INCI
Intan Wijaya International Tbk
2,90
4,08
1,93
2,34
3,06
√
94
SOBI
Sorini Agro Asia Corporindo Tbk
3,53
3,22
2,55
2,12
3,81
95
SRSN
Indo Acitama Tbk
2,10
2,36
2,85
2,38
2,68
96
TPIA
Chandra Asri Petrochemical
3,73
3,82
2,19
2,02
1,90
97
UNIC
Unggul Indah Cahaya Tbk
2,01
2,13
2,35
2,61
2,48
98
ALKA
Alakasa Industrindo Tbk
6,23
5,72
3,69
6,17
4,74
99
ALMI
Alumindo Light Metal Industry Tbk
1,50
2,45
2,42
2,08
1,29
100
BTON
Beton Jaya Manunggal Tbk
7,39
4,18
3,73
4,31
3,30
101
CTBN
Citra Turbindo Tbk
2,86
2,01
3,76
3,02
2,91
√
102
GDST
Gunawan Dianjaya Steel Tbk
1,41
3,54
4,71
2,81
2,81
√
103
INAI
Indal Aluminium Industry Tbk
1,14
1,75
1,43
1,55
1,12
√
104
JKSW
Jakarta Kyoei Steel Work LTD Tbk
(1,11)
(1,04)
√
105
JPRS
Jaya Pari Steel Tbk
2,66
3,77
4,21
4,29
7,64
√
106
LION
Lion Metal Works Tbk
3,39
4,23
4,23
6,40
5,50
107
LMSH
Lionmesh Prima Tbk
2,80
3,83
3,81
5,19
4,31
√
108
MYRX
Hanson International Tbk
0,09
(0,09)
√
109
NIKL
Pelat Timah Nusantara Tbk
4,36
3,32
2,14
1,54
1,68
110
PICO
Pelangi Indah Canindo Tbk
1,37
1,31
1,66
1,61
1,72
111
TBMS
Tembaga Mulia Semanan Tbk
3,07
3,57
3,57
3,42
3,46
112
AMFG
Asahimas Flat Glass Tbk
2,57
4,40
3,56
4,52
3,82
√
113
ARNA
Arwana Citra Mulia Tbk
1,66
2,12
2,80
6,18
9,56
√
114
IKAI
Inti Keramik Alam Asri Industri Tbk
0,85
0,20
0,08
0,01
0,07
√
115
KIAS
Keramika Indonesia Assosiasi Tbk
(0,51)
(0,47)
0,45
7,18
5,14
√
116
MLIA
Mulia Industrindo Tbk
0,11
0,59
0,34
0,39
0,20
√
117
TOTO
Surya Toto Indonesia Tbk
2,76
4,24
4,16
2,65
4,52
√
118
INTP
Indocement Tunggal Prakasa Tbk
10,51
13,32 13,34
12,95
10,95
√
119
SMCB
Holcim Indonesia Tbk
3,36
3,09
3,31
3,89
2,20
√
120
SMGR
Semen Gresik Tbk
10,23
9,51
8,00
6,74
6,03
√
(0,49)
(1,18)
(0,41) (0,64)
(4,53) (0,20)
√
√
√
√
√
√
√
√
√
√
√
Lampiran 4. Tabel Z-Score untuk kategori perusahaan financial distress yang gagal turnaround - berhasil turnaround
Z-Score
No
Kode
Kategori
Nama Perusahaan
2009
2010
2011
2012
2013
Gagal Berhasil
TA
TA
1
ADES
PT Akasha Wira International Tbk
0,17
4,32
1,42
3,81
3,87
√
2
ULTJ
PT Ultrajaya Milk Industry and Trading
Company Tbk
2,93
3,83
3,14
4,46
9,21
√
3
KBLI
KMI Wire and Cable Tbk
1,61
2,47
2,74
3,86
3,14
√
4
SCCO
Supreme Cable Manufacturing and
Commerce Tbk
1,99
2,67
3,14
3,74
3,17
√
5
EKAD
Ekadharma International Tbk
2,39
2,97
3,29
3,84
3,41
√
6
JPRS
Jaya Pari Steel Tbk
2,66
3,77
4,21
4,29
7,64
√
7
LMSH
Lionmesh Prima Tbk
2,80
3,83
3,81
5,19
4,31
√
8
AMFG
Asahimas Flat Glass Tbk
2,57
4,40
3,56
4,52
3,82
√
9
ARNA
Arwana Citra Mulia Tbk
1,66
2,12
2,80
6,18
9,56
√
10
KIAS
Keramika Indonesia Assosiasi Tbk
(0,51)
(0,47)
0,45
7,18
5,14
√
11
KDSI
Kedawung Setia Industrial Tbk
2,13
2,51
2,53
3,20
2,19
√
12
KICI
PT Kedaung Indah Can Tbk
1,44
1,98
1,80
1,98
2,40
√
13
LMPI
PT Langgeng Makmur Industry Tbk
1,51
1,30
1,07
0,99
0,94
√
14
INAF
PT Indofarma (Persero) Tbk
1,95
1,87
1,83
2,22
1,26
√
15
PYFA
PT Pyridam Farma Tbk
2,79
3,24
3,02
2,76
1,95
√
16
SCPI
PT Schering Plough Indonesia Tbk
1,98
1,22
1,11
0,89
0,83
√
17
RMBA
Bentoel International Investama Tbk
2,63
3,55
2,68
1,92
1,18
√
18
AISA
PT Tiga Pilar Sejahtera Food Tbk
0,81
1,11
1,18
1,82
1,99
√
19
DAVO
PT Davomas Abadi Tbk
1,79
1,33
0,74
(3,83)
1,45
√
20
INDF
PT Indofood Sukses Makmur Tbk
1,94
2,46
2,32
2,37
1,80
√
21
PSDN
PT Prashida Aneka Niaga Tbk
1,38
1,75
3,12
2,76
2,60
√
22
SKLT
PT Sekar Laut Tbk
2,43
2,49
2,49
2,46
2,63
√
23
STTP
PT Siantar Top Tbk
2,89
3,01
4,27
2,41
2,91
√
24
PTSN
Sat Nusa Persada Tbk
2,25
2,83
2,95
2,93
3,11
√
25
JECC
Jembo Cable Company Tbk
1,64
1,72
2,42
2,32
1,51
√
26
KBLM
Kabelindo Murni Tbk
1,28
1,72
1,61
1,73
1,97
√
27
VOKS
Voksel Electric Tbk
1,90
1,57
2,04
2,40
1,73
√
28
BIMA
Primarindo Asia Infrastructure Tbk
1,17
1,57
(0,39)
0,37
(0,42)
√
29
ADM
G
Polychem Indonesia Tbk
0,71
0,95
1,63
1,31
1,36
√
30
ARGO
Argo Pantes Tbk
0,02
0,26
(0,47)
1,10
0,09
√
31
CNTX
Century Textile Industry Tbk
(0,11)
0,26
1,20
0,16
0,26
√
32
ERTX
Eratex Djaya Tbk
0,13
(1,37)
1,24
1,23
1,05
√
33
ESTI
Ever Shine Tex Tbk
1,47
1,45
1,85
1,51
1,23
√
34
HDTX
Pan asia Indo Resources Tbk
0,93
0,83
1,21
1,32
0,21
√
35
INDR
Indo Rama Synthetic Tbk
1,17
1,66
1,54
1,38
1,27
√
36
MYTX
Apac Citra Centertex Tbk
0,29
0,08
(2,27)
(2,07)
(0,47)
√
37
PBRX
Pan Brothers Tbk
2,33
2,48
2,62
2,31
2,51
√
38
POLY
Asia Pasific Fibers Tbk
(2,87)
(3,64)
(4,08)
(4,77)
(5,54)
√
39
RICY
Ricky Putra Globalindo Tbk
1,29
1,44
1,54
1,48
0,75
√
40
SSTM
Sunson Textile Manufacturer Tbk
1,01
1,10
0,77
0,93
0,85
√
41
TFCO
Tifico Fiber Indonesia Tbk
(0,22)
1,92
2,56
2,63
2,01
√
42
UNIT
Nusantara Inti Corpora Tbk
0,61
0,54
0,68
0,37
0,28
√
43
UNTX
Unitex Tbk
(0,19)
(1,43)
(1,16)
1,17
(0,93)
√
44
GDYR
Goodyear Indonesia Tbk
1,94
2,27
2,09
2,46
2,71
√
45
GJTL
Gajah Tunggal Tbk
1,65
2,08
2,19
2,14
1,48
√
46
IMAS
Indomobil Sukses International Tbk
2,84
3,60
3,91
2,83
2,46
√
47
INDS
Indospring Tbk
1,96
1,98
2,69
2,70
2,04
√
48
LPIN
Multi Prima Sejahtera Tbk
1,08
1,65
1,52
2,93
1,81
√
49
MASA
Multistrada Arah Sarana Tbk
1,54
1,58
1,06
1,38
1,20
√
50
NIPS
Nipress Tbk
1,12
1,63
1,89
1,97
1,62
√
51
PRAS
Prima alloy steel Universal Tbk
0,50
0,92
0,71
0,85
0,64
√
52
FASW
Fajar Surya Wisesa Tbk
2,07
2,20
2,54
1,35
1,32
√
53
INKP
Indah Kiat Pulp & Paper Tbk
0,34
0,59
0,51
0,43
0,68
√
54
INRU
Toba Pulp Lestari Tbk
(1,40)
(1,02)
(0,72)
(0,80)
(0,91)
√
55
KBRI
Kertas Basuki Rachmat Indonesia Tbk
0,44
(2,30)
(0,29)
3,68
(0,79)
√
56
SPMA
Suparma Tbk
1,14
1,34
1,16
1,29
0,98
√
57
TKIM
Pabrik Kertas Tjiwi Kimia Tbk
0,90
1,01
0,97
0,93
0,85
√
58
SULI
Sumalindo Lestari Jaya Tbk
(0,40)
(0,45)
(1,52)
(1,43)
(1,42)
√
59
TIRT
Tirta Mahakam Resources Tbk
1,48
1,25
1,14
0,93
0,10
√
60
JPFA
Japfa Comfeed Indonesia Tbk
1,59
3,92
3,36
3,35
2,64
√
61
SIPD
Siearad Produce Tbk
2,72
2,46
1,84
1,51
1,41
√
62
AKKU
Alam Karya Unggul Tbk
0,21
0,45
0,86
1,48
0,83
√
63
APLI
Asiaplast Industries Tbk
1,78
1,96
1,69
1,74
1,67
√
64
BRNA
Berlina Tbk
1,68
1,92
1,85
2,08
1,07
√
65
FPNI
Titan Kimia Nusantara Tbk
1,77
1,00
1,47
1,60
1,71
√
66
SIAP
Sekawan Intipratama Tbk
1,71
1,92
2,02
1,77
1,02
√
67
SIMA
Siwani Makmur Tbk
(1,29)
(1,56)
(1,69)
(1,36)
(0,67)
√
68
TRST
Trias Sentosa Tbk
1,86
1,96
2,29
1,91
1,16
√
69
BRPT
Barito Pasific Tbk
1,45
1,27
1,39
1,03
1,17
√
70
BUDI
Budi Acid Jaya Tbk
2,12
1,51
1,83
1,36
1,48
√
71
ETWA
Eterindo Wahanatama Tbk
1,37
1,67
1,92
1,42
1,22
√
72
INCI
Intan Wijaya International Tbk
2,91
4,08
1,93
2,34
3,06
√
73
SRSN
Indo Acitama Tbk
2,10
2,36
2,85
2,38
2,68
√
74
UNIC
Unggul Indah Cahaya Tbk
2,01
2,13
2,35
2,61
2,48
√
75
ALMI
Alumindo Light Metal Industry Tbk
1,50
2,45
2,42
2,08
1,29
√
76
CTBN
Citra Turbindo Tbk
2,86
2,01
3,76
3,02
2,91
√
77
GDST
Gunawan Dianjaya Steel Tbk
1,41
3,54
4,71
2,81
2,81
√
78
INAI
Indal Aluminium Industry Tbk
1,14
1,75
1,43
1,55
1,12
√
79
JKSW
Jakarta Kyoei Steel Work LTD Tbk
(0,49)
(0,41)
(0,64)
(1,11)
(1,04)
√
80
MYRX
Hanson International Tbk
(1,18)
(4,53)
(0,20)
0,09
(0,09)
√
81
PICO
Pelangi Indah Canindo Tbk
1,37
1,31
1,66
1,61
1,72
√
82
IKAI
Inti Keramik Alam Asri Industri Tbk
0,85
0,20
0,08
0,01
0,07
√
83
MLIA
Mulia Industrindo Tbk
0,11
0,59
0,34
0,39
0,20
√
84
TOTO
Surya Toto Indonesia Tbk
2,76
4,24
4,16
2,65
4,52
√
Lampiran 5A. Perhitungan dan Tabulasi Data Variabel Ukuran Perusahaan (Firm Size)
TOTAL ASET
No
Kode
Nama Perusahaan
1
ADES
PT Akasha Wira International Tbk
2
ULTJ
PT Ultrajaya Milk Industry and Trading
Company Tbk
3
KBLI
KMI Wire and Cable Tbk
4
SCCO
Supreme Cable Manufacturing and
Commerce Tbk
5
EKAD
Ekadharma International Tbk
6
JPRS
Jaya Pari Steel Tbk
7
LMSH
Lionmesh Prima Tbk
8
AMFG
Asahimas Flat Glass Tbk
9
ARNA
Arwana Citra Mulia Tbk
10
KIAS
Keramika Indonesia Assosiasi Tbk
11
KDSI
Kedawung Setia Industrial Tbk
12
KICI
PT Kedaung Indah Can Tbk
13
LMPI
PT Langgeng Makmur Industry Tbk
14
INAF
PT Indofarma (Persero) Tbk
15
PYFA
PT Pyridam Farma Tbk
16
SCPI
PT Schering Plough Indonesia Tbk
17
RMBA
Bentoel International Investama Tbk
18
AISA
PT Tiga Pilar Sejahtera Food Tbk
19
DAVO
PT Davomas Abadi Tbk
20
INDF
PT Indofood Sukses Makmur Tbk
21
PSDN
PT Prashida Aneka Niaga Tbk
22
SKLT
PT Sekar Laut Tbk
23
STTP
PT Siantar Top Tbk
24
PTSN
Sat Nusa Persada Tbk
25
JECC
Jembo Cable Company Tbk
26
KBLM
Kabelindo Murni Tbk
27
VOKS
Voksel Electric Tbk
2010
2011
AVG
324.493
316.048
320.270,50
2.006.596
2.180.517
2.093.556,14
594.564
1.083.524
839.043,58
1.157.613
1.455.621
1.306.616,80
204.470
237.592
221.031,40
411.282
437.849
424.565,13
78.200
98.019
88.109,59
2.372.657
2.690.595
2.531.626,00
873.154
831.508
852.330,84
1.266.122
2.049.633
1.657.877,61
557.725
587.567
572.645,90
85.942
87.419
86.680,66
608.920
685.896
647.407,86
733.958
1.114.902
924.429,77
100.587
118.034
109.310,30
233.756
312.519
273.137,37
4.902.597
6.333.957
5.618.277,00
1.936.949
3.590.309
2.763.629,22
2.857.205
2.581.095
2.719.149,72
42.275.955
53.585.933
47.930.944,00
414.611
421.366
417.988,88
199.375
214.238
206.806,66
649.274
934.766
792.019,95
825.567
773.817
799.691,89
561.999
627.038
594.518,31
403.195
642.955
523.074,74
1.126.481
1.573.039
1.349.759,96
FIRM
SIZE
12,68
14,55
13,64
14,08
12,31
12,96
11,39
14,74
13,66
14,32
13,26
11,37
13,38
13,74
11,6
12,52
15,54
14,83
14,82
17,69
12,94
12,24
13,58
13,59
13,3
13,17
14,12
28
BIMA
Primarindo Asia Infrastructure Tbk
29
ADMG
Polychem Indonesia Tbk
30
ARGO
Argo Pantes Tbk
31
CNTX
Century Textile Industry Tbk
32
ERTX
Eratex Djaya Tbk
33
ESTI
Ever Shine Tex Tbk
34
HDTX
Pan asia Indo Resources Tbk
35
INDR
Indo Rama Synthetic Tbk
36
MYTX
Apac Citra Centertex Tbk
37
PBRX
Pan Brothers Tbk
38
POLY
Asia Pasific Fibers Tbk
39
RICY
Ricky Putra Globalindo Tbk
40
SSTM
Sunson Textile Manufacturer Tbk
41
TFCO
Tifico Fiber Indonesia Tbk
42
UNIT
Nusantara Inti Corpora Tbk
43
UNTX
Unitex Tbk
44
GDYR
Goodyear Indonesia Tbk
45
GJTL
Gajah Tunggal Tbk
46
IMAS
Indomobil Sukses International Tbk
47
INDS
Indospring Tbk
48
LPIN
Multi Prima Sejahtera Tbk
49
MASA
Multistrada Arah Sarana Tbk
50
NIPS
Nipress Tbk
51
PRAS
Prima alloy steel Universal Tbk
52
FASW
Fajar Surya Wisesa Tbk
53
INKP
Indah Kiat Pulp & Paper Tbk
54
INRU
Toba Pulp Lestari Tbk
55
KBRI
Kertas Basuki Rachmat Indonesia Tbk
56
SPMA
Suparma Tbk
57
TKIM
Pabrik Kertas Tjiwi Kimia Tbk
87.275
91.526
89.400,56
3.766.135
5.478.007
4.622.071,03
1.428.234
1.709.908
1.569.070,89
315.631
331.643
323.636,74
115.328
345.273
230.300,26
583.253
756.071
669.662,00
1.014.303
1.013.575
1.013.939,23
5.085.915
6.118.883
5.602.398,91
1.882.934
861.975
1.372.454,31
887.284
1.515.038
1.201.161,27
3.988.442
4.104.497
4.046.469,56
613.323
642.095
627.708,93
872.459
843.450
857.954,44
1.804.572
3.519.073
2.661.822,27
309.792
304.803
307.297,43
153.902
166.345
160.123,52
1.150.316
1.189.112
1.169.714,00
10.371.567
11.609.514
10.990.540,50
4.509.196
7.386.526
5.947.861,05
770.609
1.139.715
955.162,27
150.937
157.371
154.154,32
3.038.412
4.879.413
3.958.912,52
337.606
446.688
392.147,09
461.969
580.960
521.464,17
4.495.022
4.936.094
4.715.558,07
53.272.682
57.299.196
55.285.938,89
2.623.505
2.913.691
2.768.597,71
786.164
744.581
765.372,29
1.490.034
1.551.777
1.520.905,59
20.946.818
23.294.758
22.120.788,11
11,4
15,35
14,27
12,69
12,35
13,41
13,83
15,54
14,13
14
15,21
13,35
13,66
14,79
12,64
11,98
13,97
16,21
15,6
13,77
11,95
15,19
12,88
13,16
15,37
17,83
14,83
13,55
14,23
16,91
58
SULI
Sumalindo Lestari Jaya Tbk
59
TIRT
Tirta Mahakam Resources Tbk
60
JPFA
Japfa Comfeed Indonesia Tbk
61
SIPD
Siearad Produce Tbk
62
AKKU
Alam Karya Unggul Tbk
63
APLI
Asiaplast Industries Tbk
64
BRNA
Berlina Tbk
65
FPNI
Titan Kimia Nusantara Tbk
66
SIAP
Sekawan Intipratama Tbk
67
SIMA
Siwani Makmur Tbk
68
TRST
Trias Sentosa Tbk
69
BRPT
Barito Pasific Tbk
70
BUDI
Budi Acid Jaya Tbk
71
ETWA
Eterindo Wahanatama Tbk
72
INCI
Intan Wijaya International Tbk
73
SRSN
Indo Acitama Tbk
74
UNIC
Unggul Indah Cahaya Tbk
75
ALMI
Alumindo Light Metal Industry Tbk
76
CTBN
Citra Turbindo Tbk
77
GDST
Gunawan Dianjaya Steel Tbk
78
INAI
Indal Aluminium Industry Tbk
79
JKSW
Jakarta Kyoei Steel Work LTD Tbk
80
MYRX
Hanson International Tbk
81
PICO
Pelangi Indah Canindo Tbk
82
IKAI
Inti Keramik Alam Asri Industri Tbk
83
MLIA
Mulia Industrindo Tbk
84
TOTO
Surya Toto Indonesia Tbk
1.955.536
1.695.019
1.825.277,53
577.182
690.933
634.057,31
6.979.762
8.266.417
7.623.089,50
2.055.743
2.641.603
2.348.673,07
28.380
11.767
20.073,55
335.652
334.702
335.177,02
550.907
643.964
597.435,64
2.968.673
3.312.740
3.140.706,36
150.913
163.233
157.072,97
50.432
47.684
49.058,41
2.029.558
2.078.643
2.054.100,62
16.015.188
19.254.505
17.634.846,29
1.967.633
2.123.285
2.045.459,00
533.380
620.709
577.044,90
134.028
125.185
129.606,27
364.005
361.182
362.593,48
2.280.227
2.544.972
2.412.599,38
1.504.154
1.862.966
1.683.560,15
2.465.544
2.227.490
2.346.517,02
1.074.570
977.463
1.026.016,14
389.007
544.282
466.644,93
289.988
287.132
288.559,74
133.216
861.975
497.595,13
570.360
561.840
566.100,30
643.788
548.790
596.288,99
4.532.300
6.119.186
5.325.742,60
1.091.583
1.339.570
1.215.576,57
14,42
13,36
15,85
14,67
9,91
12,72
13,3
14,96
11,96
10,8
14,54
16,69
14,53
13,27
11,77
12,8
14,7
14,34
14,67
13,84
13,05
12,57
13,12
13,25
13,3
15,49
14,01
Lampiran 5B. Perhitungan dan Tabulasi Data Variabel Profitabilitas (Profitability)
TOTAL ASET
No
Kode
EBIT
Nama Perusahaan
PFB
2010
1
ADES
PT Akasha Wira International Tbk
2
ULTJ
PT Ultrajaya Milk Industry and Trading Company Tbk
3
KBLI
KMI Wire and Cable Tbk
4
SCCO
Supreme Cable Manufacturing and Commerce Tbk
5
EKAD
Ekadharma International Tbk
6
JPRS
Jaya Pari Steel Tbk
7
LMSH
Lionmesh Prima Tbk
8
AMFG
Asahimas Flat Glass Tbk
9
ARNA
Arwana Citra Mulia Tbk
10
KIAS
Keramika Indonesia Assosiasi Tbk
11
KDSI
Kedawung Setia Industrial Tbk
12
KICI
PT Kedaung Indah Can Tbk
13
LMPI
PT Langgeng Makmur Industry Tbk
14
INAF
PT Indofarma (Persero) Tbk
15
PYFA
PT Pyridam Farma Tbk
2011
39.496
29.627
235.017
156.818
69.638
94.128
101.709
115.458
33.672
35.219
40.443
51.037
11.879
15.148
439.009
446.661
107.737
129.918
7.283
(21.758)
34.681
30.949
6.867
988
14.639
7.745
20.409
55.203
6.982
8.077
AVG
34.562
195.917
81.883
108.584
34.446
45.740
13.514
442.835
118.828
-7.237
32.815
3.927
11.192
37.806
7.530
2010
324.493
2.006.596
594.564
1.157.613
204.470
411.282
78.200
2.372.657
873.154
1.266.122
557.725
85.942
608.920
733.958
100.587
2011
316.048
2.180.517
1.083.524
1.455.621
237.592
437.849
98.019
2.690.595
831.508
2.049.633
587.567
87.419
685.896
1.114.902
118.034
AVG
320.270,50
2.093.556,14
839.043,58
1.306.616,80
221.031,40
424.565,13
88.109,59
2.531.626,00
852.330,84
1.657.877,61
572.645,90
86.680,66
647.407,86
924.429,77
109.310,30
0,108
0,094
0,098
0,083
0,156
0,108
0,153
0,175
0,139
(0,004)
0,057
0,045
0,017
0,041
0,069
16
SCPI
PT Schering Plough Indonesia Tbk
17
RMBA
Bentoel International Investama Tbk
18
AISA
PT Tiga Pilar Sejahtera Food Tbk
19
DAVO
PT Davomas Abadi Tbk
20
INDF
PT Indofood Sukses Makmur Tbk
21
PSDN
PT Prashida Aneka Niaga Tbk
22
SKLT
PT Sekar Laut Tbk
23
STTP
PT Siantar Top Tbk
24
PTSN
Sat Nusa Persada Tbk
25
JECC
Jembo Cable Company Tbk
26
KBLM
Kabelindo Murni Tbk
27
VOKS
Voksel Electric Tbk
28
BIMA
Primarindo Asia Infrastructure Tbk
29
ADMG
Polychem Indonesia Tbk
30
ARGO
Argo Pantes Tbk
31
CNTX
Century Textile Industry Tbk
32
ERTX
Eratex Djaya Tbk
33
ESTI
Ever Shine Tex Tbk
(7.493)
(28.180)
521.308
485.237
181.395
185.179
214.471
(157.296)
5.432.375
6.347.274
47.527
37.117
9.024
11.527
51.458
60.382
(13.835)
(9.536)
17.288
41.273
5.827
25.452
41.908
161.193
13.913
4.713
133.191
436.396
58.205
(196.154)
(8.628)
33.511
(33.250)
97.570
10.522
11.198
-17.837
503.273
183.287
28.588
5.889.825
42.322
10.276
55.920
-11.685
29.280
15.640
101.550
9.313
284.793
-68.975
12.441
32.160
10.860
233.756
4.902.597
1.936.949
2.857.205
42.275.955
414.611
199.375
649.274
825.567
561.999
403.195
1.126.481
87.275
3.766.135
1.428.234
315.631
115.328
583.253
312.519
6.333.957
3.590.309
2.581.095
53.585.933
421.366
214.238
934.766
773.817
627.038
642.955
1.573.039
91.526
5.478.007
1.709.908
331.643
345.273
756.071
273.137,37
5.618.277,00
2.763.629,22
2.719.149,72
47.930.944,00
417.988,88
206.806,66
792.019,95
799.691,89
594.518,31
523.074,74
1.349.759,96
89.400,56
4.622.071,03
1.569.070,89
323.636,74
230.300,26
669.662,00
(0,065)
0,090
0,066
0,011
0,123
0,101
0,050
0,071
(0,015)
0,049
0,030
0,075
0,104
0,062
(0,044)
0,038
0,140
0,016
34
HDTX
Pan asia Indo Resources Tbk
35
INDR
Indo Rama Synthetic Tbk
36
MYTX
Apac Citra Centertex Tbk
37
PBRX
Pan Brothers Tbk
38
POLY
Asia Pasific Fibers Tbk
39
RICY
Ricky Putra Globalindo Tbk
40
SSTM
Sunson Textile Manufacturer Tbk
41
TFCO
Tifico Fiber Indonesia Tbk
42
UNIT
Nusantara Inti Corpora Tbk
43
UNTX
Unitex Tbk
44
GDYR
Goodyear Indonesia Tbk
45
GJTL
Gajah Tunggal Tbk
46
IMAS
Indomobil Sukses International Tbk
47
INDS
Indospring Tbk
48
LPIN
Multi Prima Sejahtera Tbk
49
MASA
Multistrada Arah Sarana Tbk
50
NIPS
Nipress Tbk
51
PRAS
Prima alloy steel Universal Tbk
21.098
39.891
296.178
89.220
(101.772)
120.032
72.610
119.557
278.836
(328.065)
14.241
31.257
63.735
5.220
99.675
336.753
2.343
11.807
(25.813)
(7.150)
88.997
28.456
1.120.440
856.614
830.775
1.188.362
7.207
160.680
19.072
15.922
227.186
108.454
27.356
57.072
25.378
7.027
30.495
192.699
9.130
96.084
-24.615
22.749
34.477
218.214
7.075
-16.481
58.726
988.527
1.009.569
83.943
17.497
167.820
42.214
16.203
1.014.303
5.085.915
1.882.934
887.284
3.988.442
613.323
872.459
1.804.572
309.792
153.902
1.150.316
10.371.567
4.509.196
770.609
150.937
3.038.412
337.606
461.969
1.013.575
6.118.883
861.975
1.515.038
4.104.497
642.095
843.450
3.519.073
304.803
166.345
1.189.112
11.609.514
7.386.526
1.139.715
157.371
4.879.413
446.688
580.960
1.013.939,23
5.602.398,91
1.372.454,31
1.201.161,27
4.046.469,56
627.708,93
857.954,44
2.661.822,27
307.297,43
160.123,52
1.169.714,00
10.990.540,50
5.947.861,05
955.162,27
154.154,32
3.958.912,52
392.147,09
521.464,17
0,030
0,034
0,007
0,080
(0,006)
0,036
0,040
0,082
0,023
(0,103)
0,050
0,090
0,170
0,088
0,114
0,042
0,108
0,031
52
FASW
Fajar Surya Wisesa Tbk
53
INKP
Indah Kiat Pulp & Paper Tbk
54
INRU
Toba Pulp Lestari Tbk
55
KBRI
Kertas Basuki Rachmat Indonesia Tbk
56
SPMA
Suparma Tbk
57
TKIM
Pabrik Kertas Tjiwi Kimia Tbk
58
SULI
Sumalindo Lestari Jaya Tbk
59
TIRT
Tirta Mahakam Resources Tbk
60
JPFA
Japfa Comfeed Indonesia Tbk
61
SIPD
Siearad Produce Tbk
62
AKKU
Alam Karya Unggul Tbk
63
APLI
Asiaplast Industries Tbk
64
BRNA
Berlina Tbk
65
FPNI
Titan Kimia Nusantara Tbk
66
SIAP
Sekawan Intipratama Tbk
67
SIMA
Siwani Makmur Tbk
68
TRST
Trias Sentosa Tbk
69
BRPT
Barito Pasific Tbk
380.980
182.076
1.430.549
885.173
(13.586)
29.818
(485.591)
(19.613)
84.341
44.417
868.881
1.133.355
(36.917)
(298.429)
9.533
19.418
1.648.182
1.203.713
93.121
34.013
(2.647)
(6.458)
32.857
18.889
47.282
58.174
(213.909)
(99.882)
7.214
4.569
(10.125)
(6.574)
190.737
181.654
131.950
(216.312)
281.528
1.157.861
8.116
-252.602
64.379
1.001.118
-167.673
14.476
1.425.948
63.567
-4.552
25.873
52.728
-156.895
5.891
-8.350
186.195
-42.181
4.495.022
53.272.682
2.623.505
786.164
1.490.034
20.946.818
1.955.536
577.182
6.979.762
2.055.743
28.380
335.652
550.907
2.968.673
150.913
50.432
2.029.558
16.015.188
4.936.094
57.299.196
2.913.691
744.581
1.551.777
23.294.758
1.695.019
690.933
8.266.417
2.641.603
11.767
334.702
643.964
3.312.740
163.233
47.684
2.078.643
19.254.505
4.715.558,07
55.285.938,89
2.768.597,71
765.372,29
1.520.905,59
22.120.788,11
1.825.277,53
634.057,31
7.623.089,50
2.348.673,07
20.073,55
335.177,02
597.435,64
3.140.706,36
157.072,97
49.058,41
2.054.100,62
17.634.846,29
0,060
0,021
0,003
(0,330)
0,042
0,045
(0,092)
0,023
0,187
0,027
(0,227)
0,077
0,088
(0,050)
0,038
(0,170)
0,091
(0,002)
70
BUDI
Budi Acid Jaya Tbk
71
ETWA
Eterindo Wahanatama Tbk
72
INCI
Intan Wijaya International Tbk
73
SRSN
Indo Acitama Tbk
74
UNIC
Unggul Indah Cahaya Tbk
75
ALMI
Alumindo Light Metal Industry Tbk
76
CTBN
Citra Turbindo Tbk
77
GDST
Gunawan Dianjaya Steel Tbk
78
INAI
Indal Aluminium Industry Tbk
79
JKSW
Jakarta Kyoei Steel Work LTD Tbk
80
MYRX
Hanson International Tbk
81
PICO
Pelangi Indah Canindo Tbk
82
IKAI
Inti Keramik Alam Asri Industri Tbk
83
MLIA
Mulia Industrindo Tbk
84
TOTO
Surya Toto Indonesia Tbk
131.824
152.031
55.300
101.495
(21.330)
(17.613)
22.089
33.811
40.326
78.821
113.902
104.950
258.386
555.757
225.614
139.855
48.369
43.205
2.079
(2.651)
40.099
120.032
16.722
51.262
(31.991)
(31.236)
356.589
(17.915)
268.136
305.953
141.928
78.397
-19.471
27.950
59.573
109.426
407.071
182.735
45.787
-286
80.065
33.992
-31.614
169.337
287.044
1.967.633
533.380
134.028
364.005
2.280.227
1.504.154
2.465.544
1.074.570
389.007
289.988
133.216
570.360
643.788
4.532.300
1.091.583
2.123.285
620.709
125.185
361.182
2.544.972
1.862.966
2.227.490
977.463
544.282
287.132
861.975
561.840
548.790
6.119.186
1.339.570
2.045.459,00
577.044,90
129.606,27
362.593,48
2.412.599,38
1.683.560,15
2.346.517,02
1.026.016,14
466.644,93
288.559,74
497.595,13
566.100,30
596.288,99
5.325.742,60
1.215.576,57
0,069
0,136
(0,150)
0,077
0,025
0,065
0,173
0,178
0,098
(0,001)
0,161
0,060
(0,053)
0,032
0,236
Lampiran 5C. Perhitungan dan Tabulasi Data Variabel Kecenderungan
tingkat kesehatan perusahaan (∆Severity)
1.000.000
Z Score 2010/2011
No
Kode
Nama Perusahaan
WC
TA
AVG
(2010/
2011)
AVG
(2010/
2011)
RE
WC/
TA
AVG
(2010/
2011)
TA
AVG
(2010/
2011)
EBIT
RE/
TA
AVG
(2010/
2011)
TA
AVG
(2010
/2011)
MVE
EBIT/
TA
AVG
(2010/
2011)
BVD
AVG
(2010/
2011)
MVE
/BVD
S
TA
AVG
(2010/
2011)
AVG
(2010/
2011)
S/TA
ZScore
1
ADES
PT Akasha Wira International
Tbk
49.034
320.271
0,11
30.327
320.271
0,08
34.562
320.271
0,335
775.714
207.459
1,570
259.079
320.271
0,807
2,90
2
ULTJ
PT Ultrajaya Milk Industry and
Trading Company Tbk
384.733
2.093.556
0,13
694.524
2.093.556
0,28
195.917
2.093.556
0,291
3.307.197
767.009
1,811
1.991.398
2.093.556
0,949
3,46
3
KBLI
KMI Wire and Cable Tbk
348.071
839.044
0,30
(247.492)
839.044
-0,25
81.883
839.044
0,303
368.666
333.744
0,464
1.535.016
839.044
1,826
2,64
4
SCCO
Supreme Cable Manufacturing
and Commerce Tbk
229.553
1.306.617
0,13
250.158
1.306.617
0,16
108.584
1.306.617
0,258
521.668
832.727
0,263
2.781.062
1.306.617
2,124
2,93
5
EKAD
Ekadharma International Tbk
63.462
221.031
0,21
76.862
221.031
0,29
34.446
221.031
0,484
169.104
84.609
0,839
291.368
221.031
1,316
3,14
6
JPRS
Jaya Pari Steel Tbk
198.639
424.565
0,34
243.629
424.565
0,49
45.740
424.565
0,335
399.375
105.588
1,589
534.584
424.565
1,257
4,00
7
LMSH
Lionmesh Prima Tbk
36.858
88.110
0,30
42.230
88.110
0,41
13.514
88.110
0,477
47.040
36.116
0,547
184.267
88.110
2,087
3,82
8
AMFG
Asahimas Flat Glass Tbk
1.049.076
2.531.626
0,30
1.611.980
2.531.626
0,54
442.835
2.531.626
0,543
2.679.950
537.564
2,094
2.511.205
2.531.626
0,990
4,46
9
ARNA
Arwana Citra Mulia Tbk
(2.334)
852.331
(0,00)
350.315
852.331
0,35
118.828
852.331
0,433
601.080
403.214
0,626
876.434
852.331
1,026
2,43
10
KIAS
Keramika Indonesia Assosiasi
Tbk
(70.289)
1.657.878
(0,03)
(1.021.346)
1.657.878
-0,52
(7.237)
1.657.878
(0,014)
711.913
993.040
0,301
616.421
1.657.878
0,371
0,11
11
KDSI
Kedawung Setia Industrial Tbk
85.260
572.646
0,11
61.248
572.646
0,09
32.815
572.646
0,178
97.200
305.291
0,134
1.151.778
572.646
2,007
2,52
12
KICI
PT Kedaung Indah Can Tbk
47.590
86.681
0,39
(8.181)
86.681
-0,08
3.927
86.681
0,141
25.185
22.561
0,469
84.154
86.681
0,969
1,89
13
LMPI
PT Langgeng Makmur Industry
Tbk
117.694
647.408
0,13
(99.851)
647.408
-0,13
11.192
647.408
0,054
239.523
243.000
0,414
451.891
647.408
0,697
1,16
14
INAF
PT Indofarma (Persero) Tbk
227.141
924.430
0,18
(26.470)
924.430
-0,02
37.806
924.430
0,127
376.561
464.199
0,341
1.125.693
924.430
1,215
1,83
15
PYFA
PT Pyridam Farma Tbk
34.475
109.310
0,23
24.238
109.310
0,19
7.530
109.310
0,214
81.065
29.499
1,154
145.976
109.310
1,333
3,11
16
SCPI
PT Schering Plough Indonesia
Tbk
82.930
273.137
0,22
(5.829)
273.137
-0,02
(17.837)
273.137
(0,203)
113.220
256.277
0,186
266.814
273.137
0,975
1,16
17
RMBA
Bentoel International
Investama Tbk
1.144.984
5.618.277
0,15
1.571.478
5.618.277
0,24
503.273
5.618.277
0,278
5.755.804
3.429.872
0,705
9.487.372
5.618.277
1,685
3,05
18
AISA
PT Tiga Pilar Sejahtera Food
Tbk
481.230
2.763.629
0,12
45.344
2.763.629
0,01
183.287
2.763.629
0,206
1.376.265
1.552.187
0,372
1.229.011
2.763.629
0,444
1,16
19
DAVO
PT Davomas Abadi Tbk
1.003.333
2.719.150
0,26
138.988
2.719.150
0,04
28.588
2.719.150
0,033
769.030
1.889.533
0,171
1.465.641
2.719.150
0,538
1,05
20
INDF
PT Indofood Sukses Makmur
Tbk
10.944.65
47.930.944
0,16
10.065.54
47.930.944
0,18
5.889.825
47.930.944
0,382
41.597.271
22.199.413
0,787
42.085.752
47.930.944
0,876
2,39
21
PSDN
PT Prashida Aneka Niaga Tbk
85.833
417.989
0,15
(574.804)
417.989
-1,16
42.322
417.989
0,315
280.800
218.086
0,541
1.087.409
417.989
2,596
2,43
22
SKLT
PT Sekar Laut Tbk
45.084
206.807
0,16
29.946
206.807
0,12
10.276
206.807
0,154
96.704
86.204
0,471
329.291
206.807
1,589
2,49
23
STTP
PT Siantar Top Tbk
52.582
792.020
0,05
337.178
792.020
0,36
55.920
792.020
0,219
1.660.425
323.317
2,157
895.148
792.020
1,128
3,91
24
PTSN
Sat Nusa Persada Tbk
79.501
799.692
0,07
6.030
799.692
0,01
(11.685)
799.692
(0,045)
146.144
326.604
0,188
2.134.890
799.692
2,664
2,88
25
JECC
Jembo Cable Company Tbk
41.833
594.518
0,05
31.730
594.518
0,05
29.280
594.518
0,153
92.232
481.413
0,080
1.049.071
594.518
1,761
2,09
26
KBLM
Kabelindo Murni Tbk
(11.650)
523.075
(0,02)
23.291
523.075
0,04
15.640
523.075
0,093
125.440
287.092
0,184
703.685
523.075
1,343
1,64
27
VOKS
Voksel Electric Tbk
237.771
1.349.760
0,13
23.140
1.349.760
0,01
101.550
1.349.760
0,234
527.762
908.425
0,244
1.662.089
1.349.760
1,229
1,85
28
BIMA
Primarindo Asia Infrastructure
Tbk
(58.651)
89.401
(0,47)
(234.660)
89.401
-2,22
9.313
89.401
0,324
77.400
281.060
0,116
252.920
89.401
2,823
0,57
29
ADMG
Polychem Indonesia Tbk
361.934
4.622.071
0,06
(495.040)
4.622.071
-0,09
284.793
4.622.071
0,191
1.545.949
2.595.918
0,250
4.319.340
4.622.071
0,933
1,34
30
ARGO
Argo Pantes Tbk
(58.133)
1.569.071
(0,03) (1.087.650)
1.569.071
-0,59
(68.975)
1.569.071
(0,137)
402.669
1.282.974
0,132
756.272
1.569.071
0,481
(0,14)
31
CNTX
Century Textile Industry Tbk
(18.248)
323.637
(0,04)
(130.433)
323.637
-0,34
12.441
323.637
0,119
32.500
286.925
0,048
309.601
323.637
0,955
0,74
32
ERTX
Eratex Djaya Tbk
(49.656)
230.300
(0,15)
(214.634)
230.300
-0,79
32.160
230.300
0,434
17.529
295.577
0,025
245.313
230.300
1,063
0,58
33
ESTI
Ever Shine Tex Tbk
59.647
669.662
0,06
188.281
669.662
0,24
10.860
669.662
0,050
261.977
353.640
0,311
676.062
669.662
1,008
1,67
34
HDTX
Pan asia Indo Resources Tbk
(25.401)
1.013.939
(0,02)
(230.963)
1.013.939
-0,19
30.495
1.013.939
0,093
337.166
457.021
0,310
839.437
1.013.939
0,826
1,02
35
INDR
Indo Rama Synthetic Tbk
210.160
5.602.399
0,03
1.094.189
5.602.399
0,17
192.699
5.602.399
0,107
1.204.007
2.971.953
0,170
6.312.482
5.602.399
1,124
1,59
36
MYTX
Apac Citra Centertex Tbk
(0,70) (1.137.305)
1.372.454
-0,70
9.130
1.372.454
0,021
214.867
2.581.432
0,035
953.713
1.372.454
0,694
(0,65)
37
PBRX
Pan Brothers Tbk
139.286
1.201.161
0,10
96.084
1.201.161
0,249
1.030.402
775.209
0,558
1.799.398
1.201.161
1,495
2,54
38
POLY
Asia Pasific Fibers Tbk
(17.079.315)
4.046.470
-3,58
(24.615)
4.046.470
(0,019)
820.033
11.476.832
0,030
5.109.239
4.046.470
1,260
(3,86)
39
RICY
Ricky Putra Globalindo Tbk
202.738
627.709
0,23
15.735
627.709
0,02
22.749
627.709
0,113
117.113
283.593
0,173
598.359
627.709
0,951
1,49
40
SSTM
Sunson Textile Manufacturer
Tbk
226.807
857.954
0,19
(52.226)
857.954
-0,05
34.477
857.954
0,125
237.109
546.830
0,182
424.903
857.954
0,494
0,94
41
TFCO
Tifico Fiber Indonesia Tbk
76.360
2.661.822
0,02
(880.433)
2.661.822
-0,28
218.214
2.661.822
0,255
2.435.654
900.119
1,136
3.184.878
2.661.822
1,194
2,33
42
UNIT
Nusantara Inti Corpora Tbk
8.750
307.297
0,02
22.061
307.297
0,06
7.075
307.297
0,072
16.555
67.901
0,102
108.290
307.297
0,352
0,61
(1.342.877) 1.372.454
234.109 1.201.161
0,14
(8.790.898) 4.046.470
(1,56)
43
UNTX
Unitex Tbk
44
GDYR
Goodyear Indonesia Tbk
45
GJTL
Gajah Tunggal Tbk
46
IMAS
Indomobil Sukses
International Tbk
47
INDS
Indospring Tbk
48
LPIN
Multi Prima Sejahtera Tbk
49
MASA
Multistrada Arah Sarana Tbk
50
NIPS
Nipress Tbk
51
PRAS
Prima alloy steel Universal
Tbk
52
FASW
Fajar Surya Wisesa Tbk
53
INKP
Indah Kiat Pulp & Paper Tbk
54
INRU
Toba Pulp Lestari Tbk
55
KBRI
Kertas Basuki Rachmat
Indonesia Tbk
56
SPMA
Suparma Tbk
57
TKIM
Pabrik Kertas Tjiwi Kimia
Tbk
58
SULI
Sumalindo Lestari Jaya Tbk
59
TIRT
Tirta Mahakam Resources Tbk
60
JPFA
Japfa Comfeed Indonesia Tbk
61
SIPD
Siearad Produce Tbk
(221.418)
160.124
(0,99)
(225.587)
160.124
(92.279)
1.169.714
(0,06)
387.623
1.169.714
2.056.490
10.990.541
0,13
2.351.592
10.990.541
1.131.966
5.947.861
0,14
626.686
5.947.861
290.930
955.162
0,22
247.875
955.162
63.183
154.154
0,29
(4.102)
154.154
(847.408)
3.958.913
(0,15)
723.381
3.958.913
11.423
392.147
0,02
13.429
392.147
48.399
521.464
0,07
(20.971)
521.464
23.216
4.715.558
0,00
563.643
4.715.558
405.155
55.285.939
0,01
(1.624.017)
55.285.939
106.984
2.768.598
0,03
(5.109.719)
2.768.598
(50.343)
765.372
(0,05)
(2.462.302)
765.372
164.387
1.520.906
0,08
137.507
1.520.906
4.750.549
22.120.788
0,15
1.280.811
22.120.788
(876.681)
1.825.278
(0,34)
(1.454.278)
1.825.278
106.954
634.057
0,12
(1.176)
634.057
2.290.405
7.623.090
0,22
1.001.932
7.623.090
433.967
2.348.673
0,13
86.533
2.348.673
-1,19
0,28
0,18
0,09
0,22
-0,02
0,15
0,03
-0,03
0,10
-0,02
-1,56
-2,72
0,08
0,05
-0,67
0,00
0,11
0,03
(16.481)
160.124
(0,320)
29.853
324.919
0,039
188.834
160.124
1,177
(1,29)
58.726
1.169.714
0,156
452.025
747.064
0,254
1.813.361
1.169.714
1,547
2,18
988.527
10.990.541
0,279
9.234.720
6.984.123
0,555
10.847.650
10.990.541
0,985
2,14
1.009.569
5.947.861
0,527
12.789.413
7.103.829
0,756
13.413.869
5.947.861
2,251
3,76
83.943
955.162
0,273
590.625
525.327
0,472
1.131.053
955.162
1,182
2,37
17.497
154.154
0,353
56.578
41.558
0,572
61.239
154.154
0,396
1,59
167.820
3.958.913
0,132
2.540.615
2.189.765
0,487
2.481.400
3.958.913
0,626
1,25
42.214
392.147
0,334
79.750
235.065
0,142
490.059
392.147
1,247
1,77
16.203
521.464
0,097
66.150
334.409
0,083
308.823
521.464
0,591
0,80
281.528
4.715.558
0,185
8.982.347
2.909.410
1,297
3.754.851
4.715.558
0,795
2,38
1.157.861
55.285.939
0,065
7.850.861
37.090.510
0,089
22.888.823
55.285.939
0,413
0,55
8.116
2.768.598
0,009
1.394.087
1.627.402
0,360
856.757
2.768.598
0,309
(0,86)
(252.602)
765.372
(1,025)
600.986
107.107
2,357
50.810
765.372
0,066
(1,37)
64.379
1.520.906
0,132
350.631
785.982
0,187
1.176.059
1.520.906
0,772
1,24
1.001.118
22.120.788
0,141
3.422.737
15.719.827
0,091
12.269.630
22.120.788
0,554
0,99
(167.673)
1.825.278
(0,285)
327.546
1.626.882
0,085
500.205
1.825.278
0,273
(0,95)
14.476
634.057
0,071
71.836
498.623
0,061
596.294
634.057
0,939
1,19
1.425.948
7.623.090
0,581
7.225.168
3.986.983
0,761
14.894.430
7.623.090
1,950
3,62
63.567
2.348.673
0,084
586.944
1.096.631
0,225
3.835.816
2.348.673
1,630
2,10
62
AKKU
Alam Karya Unggul Tbk
63
APLI
Asiaplast Industries Tbk
64
BRNA
Berlina Tbk
65
FPNI
Titan Kimia Nusantara Tbk
66
SIAP
Sekawan Intipratama Tbk
67
SIMA
Siwani Makmur Tbk
68
TRST
Trias Sentosa Tbk
69
BRPT
Barito Pasific Tbk
70
BUDI
Budi Acid Jaya Tbk
71
ETWA
Eterindo Wahanatama Tbk
72
INCI
Intan Wijaya International Tbk
73
SRSN
Indo Acitama Tbk
74
UNIC
Unggul Indah Cahaya Tbk
75
No
1
2
3
4
5
6
7
Kegiatan
Penyusunan dan Pengajuan
proposal
Bimbingan proposal
Kolokium
Bimbingan tesis
Seminar hasil
Bimbingan akhir tesis
Sidang akhir tesis
November Desember
Januari
2014 - 2015
Februari
Maret
April
Mei
Juni
Lampiran 2. Proses Pengambilan Sampel
Kriteria
No
Kode
1
2
3
Perusahaan
Sampel
Nama Perusahaan
1
KDSI
Kedawung Setia Industrial Tbk
√
√
√
Sampel 1
2
KICI
PT Kedaung Indah Can Tbk
√
√
√
Sampel 2
3
LMPI
PT Langgeng Makmur Industry Tbk
√
√
√
Sampel 3
4
MBTO
PT Martina Berto Tbk
-
-
-
-
5
MRAT
PT Mustika Ratu Tbk
√
√
-
-
6
TCID
PT Mandom Indonesia Tbk
√
√
-
-
7
UNVR
PT Unilever Indonesia Tbk
√
√
-
-
8
PROD
Sara Lee Body Care Indonesia Tbk
-
-
-
-
9
DVLA
PT Darya Varia Laboratoria Tbk
√
√
-
-
10
INAF
PT Indofarma (Persero) Tbk
√
√
√
Sampel 4
11
KAEF
PT Kimia Farma (Persero) Tbk
√
√
-
-
12
KLBF
PT Kalbe Farma Tbk
√
√
-
-
13
MERK
PT Merck Tbk
√
√
-
-
14
PYFA
PT Pyridam Farma Tbk
√
√
√
Sampel 5
15
SCPI
PT Schering Plough Indonesia Tbk
√
√
√
Sampel 6
16
SIDO
PT Industri Jamu & Farmasi Sido Muncul Tbk
-
-
-
-
17
SQBB
PT Taisho Pharmaceutical Indonesia Tbk
√
√
-
-
18
TSPC
PT Tempo Scan Pasific Tbk
√
√
-
-
19
GGRM
Gudang Garam Tbk
√
√
-
-
20
HMSP
Handjaya Mandala Sampoerna Tbk
√
√
-
-
21
RMBA
Bentoel International Investama Tbk
√
√
√
Sampel 7
22
WIIM
Wismilak Inti Makmur Tbk
-
-
-
-
23
ADES
PT Akasha Wira International Tbk
√
√
√
Sampel 8
24
AISA
PT Tiga Pilar Sejahtera Food Tbk
√
√
√
Sampel 9
25
ALTO
PT Tri Banyan Tirta Tbk
-
-
-
-
26
CEKA
PT Cahaya Kalbar Tbk
√
√
-
-
27
DAVO
PT Davomas Abadi Tbk
√
√
√
Sampel 10
28
DLTA
PT Delta Djakarta Tbk
√
√
-
-
29
ICBP
PT Indofood CBP Sukses Makmur Tbk
-
-
-
-
30
INDF
PT Indofood Sukses Makmur Tbk
√
√
√
Sampel 11
31
MLBI
PT Multi Bintang Indonesia Tbk
√
√
-
-
32
MYOR
PT Mayora Indah Tbk
√
√
-
-
33
PSDN
PT Prashida Aneka Niaga Tbk
√
√
√
Sampel 12
34
ROTI
PT Nippon Indosari Corporindo Tbk
-
-
-
-
35
SKBM
PT Sekar Bumi Tbk
-
-
-
-
36
SKLT
PT Sekar Laut Tbk
√
√
√
Sampel 13
37
STTP
PT Siantar Top Tbk
√
√
√
Sampel 14
38
ULTJ
PT Ultrajaya Milk Industry and Trading Company Tbk
√
√
√
Sampel 15
39
AQUA
Aqua Golden Mississippi
-
-
-
-
40
PTSN
Sat Nusa Persada Tbk
√
√
√
Sampel 16
41
IKBI
Sumi Indo Kabel Tbk
√
√
-
-
42
JECC
Jembo Cable Company Tbk
√
√
√
Sampel 17
43
KBLI
KMI Wire and Cable Tbk
√
√
√
Sampel 18
44
KBLM
Kabelindo Murni Tbk
√
√
√
Sampel 19
45
SCCO
Supreme Cable Manufacturing and Commerce Tbk
√
√
√
Sampel 20
46
VOKS
Voksel Electric Tbk
√
√
√
Sampel 21
47
BATA
Sepatu Bata Tbk
√
√
-
-
48
BIMA
Primarindo Asia Infrastructure Tbk
√
√
√
Sampel 22
49
SIMM
Surya Intrindo Makmur Tbk
-
-
-
-
50
ADMG
Polychem Indonesia Tbk
√
√
√
Sampel 23
51
ARGO
Argo Pantes Tbk
√
√
√
Sampel 24
52
CNTX
Century Textile Industry Tbk
√
√
√
Sampel 25
53
ERTX
Eratex Djaya Tbk
√
√
√
Sampel 26
54
ESTI
Ever Shine Tex Tbk
√
√
√
Sampel 27
55
HDTX
Pan asia Indo Resources Tbk
√
√
√
Sampel 28
56
INDR
Indo Rama Synthetic Tbk
√
√
√
Sampel 29
57
MYTX
Apac Citra Centertex Tbk
√
√
√
Sampel 30
58
PBRX
Pan Brothers Tbk
√
√
√
Sampel 31
59
POLY
Asia Pasific Fibers Tbk
√
√
√
Sampel 32
60
RICY
Ricky Putra Globalindo Tbk
√
√
√
Sampel 33
61
SRIL
Sri Rejeki Isman Tbk
-
-
-
-
62
SSTM
Sunson Textile Manufacturer Tbk
√
√
√
Sampel 34
63
STAR
Star Petrochem Tbk
-
-
-
-
64
TFCO
Tifico Fiber Indonesia Tbk
√
√
√
Sampel 35
65
TRIS
Trisula International Tbk
-
-
-
-
66
UNIT
Nusantara Inti Corpora Tbk
√
√
√
Sampel 36
67
UNTX
Unitex Tbk
√
√
√
Sampel 37
68
PAFI
Panasia Filamen Inti Tbk
-
-
-
-
69
ASII
Astra International Tbk
√
√
-
-
70
AUTO
Astra Otoparts Tbk
√
√
-
-
71
BRAM
Indo Kordsa Tbk
√
√
-
-
72
GDYR
Goodyear Indonesia Tbk
√
√
√
Sampel 38
73
GJTL
Gajah Tunggal Tbk
√
√
√
Sampel 39
74
IMAS
Indomobil Sukses International Tbk
√
√
√
Sampel 40
75
INDS
Indospring Tbk
√
√
√
Sampel 41
76
LPIN
Multi Prima Sejahtera Tbk
√
√
√
Sampel 42
77
MASA
Multistrada Arah Sarana Tbk
√
√
√
Sampel 43
78
NIPS
Nipress Tbk
√
√
√
Sampel 44
79
PRAS
Prima alloy steel Universal Tbk
√
√
√
Sampel 45
80
SMSM
Selamat Sempurna Tbk
√
√
-
-
81
ALDO
Alkindo Naratama Tbk
-
-
-
-
82
FASW
Fajar Surya Wisesa Tbk
√
√
√
Sampel 46
83
INKP
Indah Kiat Pulp & paper Tbk
√
√
√
Sampel 47
84
INRU
Toba Pulp Lestari Tbk
√
√
√
Sampel 48
85
KBRI
Kertas Basuki Rachmat Indonesia Tbk
√
√
√
Sampel 49
86
SPMA
Suparma Tbk
√
√
√
Sampel 50
87
TKIM
Pabrik Kertas Tjiwi Kimia Tbk
√
√
√
Sampel 51
88
SAIP
Surabaya Agung Industri pulp dan kertas Tbk
-
-
-
-
89
SULI
Sumalindo Lestari Jaya Tbk
√
√
√
Sampel 52
90
TIRT
Tirta Mahakam Resources Tbk
√
√
√
Sampel 53
91
CPIN
Charoen Pokphand Indonesia Tbk
√
√
-
-
92
JPFA
Japfa Comfeed Indonesia Tbk
√
√
√
Sampel 54
93
MAIN
Malindo Feedmill Tbk
√
√
-
-
94
SIPD
Siearad Produce Tbk
√
√
√
Sampel 55
95
MBAI
PT. Multibreeder Adirama Indonesia Tbk
-
-
-
-
96
AKKU
Alam Karya Unggul Tbk
√
√
√
Sampel 56
97
AKPI
Argha Karya Prima Industry Tbk
√
-
√
-
98
APLI
Asiaplast Industries Tbk
√
√
√
Sampel 57
99
BRNA
Berlina Tbk
√
√
√
Sampel 58
100
FPNI
Titan Kimia Nusantara Tbk
√
√
√
Sampel 59
101
IGAR
Champion Pasific Indonesia Tbk
√
√
-
-
102
IPOL
Indopoly Swakarsa Industry Tbk
-
-
-
-
103
SIAP
Sekawan Intipratama Tbk
√
√
√
Sampel 60
104
SIMA
Siwani Makmur Tbk
√
√
√
Sampel 61
105
TALF
Tunas Alfin Tbk
-
-
-
-
106
TRST
Trias Sentosa Tbk
√
√
√
Sampel 62
107
YPAS
Yana Prima Hasta Persada Tbk
√
√
-
-
108
DYNA
Dynaplast Tbk
-
-
-
-
109
BRPT
Barito Pasific Tbk
√
√
√
Sampel 63
110
BUDI
Budi Acid Jaya Tbk
√
√
√
Sampel 64
111
DPNS
Duta Pertiwi Nusantara
√
√
-
-
112
EKAD
Ekadharma International Tbk
√
√
√
Sampel 65
113
ETWA
Eterindo Wahanatama Tbk
√
√
√
Sampel 66
114
INCI
Intan Wijaya International Tbk
√
√
√
Sampel 67
115
SOBI
Sorini Agro Asia Corporindo Tbk
√
√
-
-
116
SRSN
Indo Acitama Tbk
√
√
√
Sampel 68
117
TPIA
Chandra Asri Petrochemical
√
√
-
-
118
UNIC
Unggul Indah Cahaya Tbk
√
√
√
Sampel 69
119
ALKA
Alakasa Industrindo Tbk
√
√
-
-
120
ALMI
Alumindo Light Metal Industry Tbk
√
√
√
Sampel 70
121
BAJA
Sarana Central Bajatama Tbk
-
-
-
-
122
BTON
Beton Jaya Manunggal Tbk
√
√
-
-
123
CTBN
Citra Turbindo Tbk
√
√
√
Sampel 71
124
GDST
Gunawan Dianjaya Steel Tbk
√
√
√
Sampel 72
125
INAI
Indal Aluminium Industry Tbk
√
√
√
Sampel 73
126
ITMA
Itamaraya Tbk
√
-
√
-
√
√
Sampel 74
127
JKSW
Jakarta Kyoei Steel Work LTD Tbk
√
128
JPRS
Jaya Pari Steel Tbk
√
√
√
Sampel 75
129
KRAS
Krakatau Steel Tbk
-
-
-
-
130
LION
Lion Metal Works Tbk
√
√
-
-
131
LMSH
Lionmesh Prima Tbk
√
√
√
Sampel 76
132
MYRX
Hanson International Tbk
√
√
√
Sampel 77
133
NIKL
Pelat Timah Nusantara Tbk
√
√
-
-
134
PICO
Pelangi Indah Canindo Tbk
√
√
√
Sampel 78
135
TBMS
Tembaga Mulia Semanan Tbk
√
√
-
-
136
AMFG
Asahimas Flat Glass Tbk
√
√
√
Sampel 79
137
ARNA
Arwana Citra Mulia Tbk
√
√
√
Sampel 80
138
IKAI
Inti Keramik Alam Asri Industri Tbk
√
√
√
Sampel 81
139
KIAS
Keramika Indonesia Assosiasi Tbk
√
√
√
Sampel 82
140
MLIA
Mulia Industrindo Tbk
√
√
√
Sampel 83
141
TOTO
Surya Toto Indonesia Tbk
√
√
√
Sampel 84
142
INTP
Indocement Tunggal Prakasa Tbk
√
√
-
-
143
SMCB
Holcim Indonesia Tbk
√
√
-
-
144
SMGR
Semen Gresik Tbk
√
√
-
-
145
SMBR
PT Semen Baturaja Tbk
-
-
-
-
Lampiran 3. Tabel Z-Score untuk kategori perusahaan financial distress - non financial distress
Z-Score
No
Kode
Kategori
Nama Perusahaan
2009
2010
2011
2012
2013
FD
NON FD
≤ 2,90
> 2,90
1
KDSI
Kedawung Setia Industrial Tbk
2,13
2,51
2,53
3,20
2,19
√
2
KICI
PT Kedaung Indah Can Tbk
1,44
1,98
1,80
1,98
2,40
√
3
LMPI
PT Langgeng Makmur Industry Tbk
1,51
1,30
1,07
0,99
0,94
√
4
MRAT
PT Mustika Ratu Tbk
3,53
4,53
3,55
3,48
2,97
√
5
TCID
PT Mandom Indonesia Tbk
8,81
8,98
8,81
8,52
6,17
√
6
UNVR
PT Unilever Indonesia Tbk
13,98
15,58 12,89
12,40
13,25
√
7
DVLA
PT Darya Varia Laboratoria Tbk
3,70
4,88
5,08
5,82
5,96
√
8
INAF
PT Indofarma (Persero) Tbk
1,95
1,87
1,83
2,22
1,26
9
KAEF
PT Kimia Farma (Persero) Tbk
3,03
3,51
4,45
5,05
4,39
√
10
KLBF
PT Kalbe Farma Tbk
6,35
14,31 11,34
14,26
11,75
√
11
MERK
PT Merck Tbk
13,72
16,69 18,07
12,79
13,41
√
12
PYFA
PT Pyridam Farma Tbk
2,79
3,24
3,02
2,76
1,95
√
13
SCPI
PT Schering Plough Indonesia Tbk
1,98
1,22
1,11
0,89
0,83
√
14
SQBB
PT Taisho Pharmaceutical Indonesia
Tbk
4,75
3,89
3,97
3,91
4,00
√
15
TSPC
PT Tempo Scan Pasific Tbk
4,40
5,93
6,76
8,35
6,56
√
16
GGRM
Gudang Garam Tbk
4,57
6,12
5,88
5,48
3,77
√
17
HMSP
Handjaya Mandala Sampoerna Tbk
6,79
9,05
13,08
13,28
13,69
√
18
RMBA
Bentoel International Investama Tbk
2,63
3,55
2,68
1,92
1,18
√
19
ADES
PT Akasha Wira International Tbk
0,17
4,32
1,42
3,81
3,87
√
20
AISA
PT Tiga Pilar Sejahtera Food Tbk
0,81
1,11
1,18
1,82
1,99
√
21
CEKA
PT Cahaya Kalbar Tbk
3,75
1,57
2,72
1,85
3,35
22
DAVO
PT Davomas Abadi Tbk
1,79
1,33
0,74
(3,83)
1,45
23
DLTA
PT Delta Djakarta Tbk
6,05
10,68 10,13
16,28
13,70
24
INDF
PT Indofood Sukses Makmur Tbk
1,94
2,46
2,32
2,37
1,80
25
MLBI
PT Multi Bintang Indonesia Tbk
4,73
7,16
8,20
10,98
18,55
√
26
MYOR
PT Mayora Indah Tbk
3,45
4,20
3,37
3,50
4,02
√
27
PSDN
PT Prashida Aneka Niaga Tbk
1,38
1,75
3,12
2,76
2,60
√
√
√
√
√
√
28
SKLT
PT Sekar Laut Tbk
2,43
2,49
2,49
2,46
2,63
√
29
STTP
PT Siantar Top Tbk
2,89
3,01
4,27
2,41
2,91
√
30
ULTJ
PT Ultrajaya Milk Industry and
Trading Company Tbk
2,90
3,83
3,14
4,46
9,21
√
31
PTSN
Sat Nusa Persada Tbk
2,25
2,83
2,95
2,93
3,11
√
32
IKBI
Sumi Indo Kabel Tbk
5,47
4,21
4,18
4,73
3,36
33
JECC
Jembo Cable Company Tbk
1,64
1,72
2,42
2,32
1,51
√
34
KBLI
KMI Wire and Cable Tbk
1,61
2,47
2,74
3,86
3,14
√
35
KBLM
Kabelindo Murni Tbk
1,28
1,72
1,61
1,73
1,97
√
36
SCCO
Supreme Cable Manufacturing and
Commerce Tbk
1,99
2,67
3,14
3,74
3,17
√
37
VOKS
Voksel Electric Tbk
1,90
1,57
2,04
2,40
1,73
√
38
BATA
Sepatu Bata Tbk
4,54
5,10
4,43
4,39
2,30
39
BIMA
Primarindo Asia Infrastructure Tbk
1,17
1,57
(0,39)
0,37
(0,42)
√
40
ADMG
Polychem Indonesia Tbk
0,71
0,95
1,63
1,36
√
41
ARGO
Argo Pantes Tbk
0,02
0,26
(0,47)
1,10
0,09
√
42
CNTX
Century Textile Industry Tbk
(0,11)
0,26
1,20
0,16
0,26
√
43
ERTX
Eratex Djaya Tbk
0,13
(1,37)
1,24
1,23
1,05
√
44
ESTI
Ever Shine Tex Tbk
1,47
1,45
1,85
1,51
1,23
√
45
HDTX
Pan asia Indo Resources Tbk
0,93
0,83
1,21
1,32
0,21
√
46
INDR
Indo Rama Synthetic Tbk
1,17
1,66
1,54
1,38
1,27
√
47
MYTX
Apac Citra Centertex Tbk
0,29
0,08
(2,27)
(2,07)
(0,47)
√
48
PBRX
Pan Brothers Tbk
2,33
2,48
2,62
2,31
2,51
√
49
POLY
Asia Pasific Fibers Tbk
3,89
(5,54)
√
50
RICY
Ricky Putra Globalindo Tbk
1,29
1,44
1,54
1,48
0,75
√
51
SSTM
Sunson Textile Manufacturer Tbk
1,01
1,10
0,77
0,93
0,85
√
52
TFCO
Tifico Fiber Indonesia Tbk
(0,22)
1,92
2,56
2,63
2,01
√
53
UNIT
Nusantara Inti Corpora Tbk
0,61
0,54
0,68
0,37
0,28
√
54
UNTX
Unitex Tbk
1,17
(0,93)
√
55
ASII
Astra International Tbk
3,59
3,85
3,57
2,06
1,79
√
56
AUTO
Astra Otoparts Tbk
3,94
5,59
4,62
3,62
4,06
√
57
BRAM
Indo Kordsa Tbk
3,30
3,94
3,78
2,00
1,58
√
58
GDYR
Goodyear Indonesia Tbk
1,94
2,27
2,09
2,46
2,71
(2,87)
(0,19)
(3,64) (4,08)
(1,43) (1,16)
1,31
√
√
√
59
GJTL
Gajah Tunggal Tbk
1,65
2,08
2,19
2,14
1,48
√
60
IMAS
Indomobil Sukses International Tbk
2,84
3,60
3,91
2,83
2,46
√
61
INDS
Indospring Tbk
1,96
1,98
2,69
2,70
2,04
√
62
LPIN
Multi Prima Sejahtera Tbk
1,08
1,65
1,52
2,93
1,81
√
63
MASA
Multistrada Arah Sarana Tbk
1,54
1,58
1,06
1,38
1,20
√
64
NIPS
Nipress Tbk
1,12
1,63
1,89
1,97
1,62
√
65
PRAS
Prima alloy steel Universal Tbk
0,50
0,92
0,71
0,85
0,64
√
66
SMSM
Selamat Sempurna Tbk
3,66
3,86
4,30
4,84
5,80
67
FASW
Fajar Surya Wisesa Tbk
2,07
2,20
2,54
1,35
1,32
√
68
INKP
Indah Kiat Pulp & Paper Tbk
0,34
0,59
0,51
0,43
0,68
√
69
INRU
Toba Pulp Lestari Tbk
70
KBRI
71
√
(1,40)
(1,02) (0,72)
(0,80)
(0,91)
√
Kertas Basuki Rachmat Indonesia
Tbk
0,44
(2,30) (0,29)
3,68
(0,79)
√
SPMA
Suparma Tbk
1,14
1,34
1,16
1,29
0,98
√
72
TKIM
Pabrik Kertas Tjiwi Kimia Tbk
0,90
1,01
0,97
0,93
0,85
√
73
SULI
Sumalindo Lestari Jaya Tbk
(1,43)
(1,42)
√
74
TIRT
Tirta Mahakam Resources Tbk
1,48
1,25
1,14
0,93
0,10
√
75
CPIN
Charoen Pokphand Indonesia Tbk
5,91
10,74
9,52
9,43
7,15
76
JPFA
Japfa Comfeed Indonesia Tbk
1,59
3,92
3,36
3,35
2,64
77
MAIN
Malindo Feedmill Tbk
3,13
4,00
3,79
4,40
4,36
78
SIPD
Siearad Produce Tbk
2,72
2,46
1,84
1,51
1,41
√
79
AKKU
Alam Karya Unggul Tbk
0,21
0,45
0,86
1,48
0,83
√
80
APLI
Asiaplast Industries Tbk
1,78
1,96
1,69
1,74
1,67
√
81
BRNA
Berlina Tbk
1,68
1,92
1,85
2,08
1,07
√
82
FPNI
Titan Kimia Nusantara Tbk
1,77
1,00
1,47
1,60
1,71
√
83
IGAR
Champion Pasific Indonesia Tbk
4,02
4,88
6,27
5,51
4,56
84
SIAP
Sekawan Intipratama Tbk
1,71
2,02
1,77
1,02
√
85
SIMA
Siwani Makmur Tbk
(1,36)
(0,67)
√
86
TRST
Trias Sentosa Tbk
1,86
1,96
2,29
1,91
1,16
√
87
YPAS
Yana Prima Hasta Persada Tbk
4,44
5,19
4,82
2,66
1,35
88
BRPT
Barito Pasific Tbk
1,45
1,27
1,39
1,03
1,17
√
89
BUDI
Budi Acid Jaya Tbk
2,12
1,51
1,83
1,36
1,48
√
(0,40)
(1,29)
(0,45) (1,52)
1,92
(1,56) (1,69)
√
√
√
√
√
√
90
DPNS
Duta Pertiwi Nusantara
3,75
2,66
3,77
3,73
4,36
91
EKAD
Ekadharma International Tbk
2,39
2,97
3,29
3,84
3,41
√
92
ETWA
Eterindo Wahanatama Tbk
1,37
1,67
1,92
1,42
1,22
√
93
INCI
Intan Wijaya International Tbk
2,90
4,08
1,93
2,34
3,06
√
94
SOBI
Sorini Agro Asia Corporindo Tbk
3,53
3,22
2,55
2,12
3,81
95
SRSN
Indo Acitama Tbk
2,10
2,36
2,85
2,38
2,68
96
TPIA
Chandra Asri Petrochemical
3,73
3,82
2,19
2,02
1,90
97
UNIC
Unggul Indah Cahaya Tbk
2,01
2,13
2,35
2,61
2,48
98
ALKA
Alakasa Industrindo Tbk
6,23
5,72
3,69
6,17
4,74
99
ALMI
Alumindo Light Metal Industry Tbk
1,50
2,45
2,42
2,08
1,29
100
BTON
Beton Jaya Manunggal Tbk
7,39
4,18
3,73
4,31
3,30
101
CTBN
Citra Turbindo Tbk
2,86
2,01
3,76
3,02
2,91
√
102
GDST
Gunawan Dianjaya Steel Tbk
1,41
3,54
4,71
2,81
2,81
√
103
INAI
Indal Aluminium Industry Tbk
1,14
1,75
1,43
1,55
1,12
√
104
JKSW
Jakarta Kyoei Steel Work LTD Tbk
(1,11)
(1,04)
√
105
JPRS
Jaya Pari Steel Tbk
2,66
3,77
4,21
4,29
7,64
√
106
LION
Lion Metal Works Tbk
3,39
4,23
4,23
6,40
5,50
107
LMSH
Lionmesh Prima Tbk
2,80
3,83
3,81
5,19
4,31
√
108
MYRX
Hanson International Tbk
0,09
(0,09)
√
109
NIKL
Pelat Timah Nusantara Tbk
4,36
3,32
2,14
1,54
1,68
110
PICO
Pelangi Indah Canindo Tbk
1,37
1,31
1,66
1,61
1,72
111
TBMS
Tembaga Mulia Semanan Tbk
3,07
3,57
3,57
3,42
3,46
112
AMFG
Asahimas Flat Glass Tbk
2,57
4,40
3,56
4,52
3,82
√
113
ARNA
Arwana Citra Mulia Tbk
1,66
2,12
2,80
6,18
9,56
√
114
IKAI
Inti Keramik Alam Asri Industri Tbk
0,85
0,20
0,08
0,01
0,07
√
115
KIAS
Keramika Indonesia Assosiasi Tbk
(0,51)
(0,47)
0,45
7,18
5,14
√
116
MLIA
Mulia Industrindo Tbk
0,11
0,59
0,34
0,39
0,20
√
117
TOTO
Surya Toto Indonesia Tbk
2,76
4,24
4,16
2,65
4,52
√
118
INTP
Indocement Tunggal Prakasa Tbk
10,51
13,32 13,34
12,95
10,95
√
119
SMCB
Holcim Indonesia Tbk
3,36
3,09
3,31
3,89
2,20
√
120
SMGR
Semen Gresik Tbk
10,23
9,51
8,00
6,74
6,03
√
(0,49)
(1,18)
(0,41) (0,64)
(4,53) (0,20)
√
√
√
√
√
√
√
√
√
√
√
Lampiran 4. Tabel Z-Score untuk kategori perusahaan financial distress yang gagal turnaround - berhasil turnaround
Z-Score
No
Kode
Kategori
Nama Perusahaan
2009
2010
2011
2012
2013
Gagal Berhasil
TA
TA
1
ADES
PT Akasha Wira International Tbk
0,17
4,32
1,42
3,81
3,87
√
2
ULTJ
PT Ultrajaya Milk Industry and Trading
Company Tbk
2,93
3,83
3,14
4,46
9,21
√
3
KBLI
KMI Wire and Cable Tbk
1,61
2,47
2,74
3,86
3,14
√
4
SCCO
Supreme Cable Manufacturing and
Commerce Tbk
1,99
2,67
3,14
3,74
3,17
√
5
EKAD
Ekadharma International Tbk
2,39
2,97
3,29
3,84
3,41
√
6
JPRS
Jaya Pari Steel Tbk
2,66
3,77
4,21
4,29
7,64
√
7
LMSH
Lionmesh Prima Tbk
2,80
3,83
3,81
5,19
4,31
√
8
AMFG
Asahimas Flat Glass Tbk
2,57
4,40
3,56
4,52
3,82
√
9
ARNA
Arwana Citra Mulia Tbk
1,66
2,12
2,80
6,18
9,56
√
10
KIAS
Keramika Indonesia Assosiasi Tbk
(0,51)
(0,47)
0,45
7,18
5,14
√
11
KDSI
Kedawung Setia Industrial Tbk
2,13
2,51
2,53
3,20
2,19
√
12
KICI
PT Kedaung Indah Can Tbk
1,44
1,98
1,80
1,98
2,40
√
13
LMPI
PT Langgeng Makmur Industry Tbk
1,51
1,30
1,07
0,99
0,94
√
14
INAF
PT Indofarma (Persero) Tbk
1,95
1,87
1,83
2,22
1,26
√
15
PYFA
PT Pyridam Farma Tbk
2,79
3,24
3,02
2,76
1,95
√
16
SCPI
PT Schering Plough Indonesia Tbk
1,98
1,22
1,11
0,89
0,83
√
17
RMBA
Bentoel International Investama Tbk
2,63
3,55
2,68
1,92
1,18
√
18
AISA
PT Tiga Pilar Sejahtera Food Tbk
0,81
1,11
1,18
1,82
1,99
√
19
DAVO
PT Davomas Abadi Tbk
1,79
1,33
0,74
(3,83)
1,45
√
20
INDF
PT Indofood Sukses Makmur Tbk
1,94
2,46
2,32
2,37
1,80
√
21
PSDN
PT Prashida Aneka Niaga Tbk
1,38
1,75
3,12
2,76
2,60
√
22
SKLT
PT Sekar Laut Tbk
2,43
2,49
2,49
2,46
2,63
√
23
STTP
PT Siantar Top Tbk
2,89
3,01
4,27
2,41
2,91
√
24
PTSN
Sat Nusa Persada Tbk
2,25
2,83
2,95
2,93
3,11
√
25
JECC
Jembo Cable Company Tbk
1,64
1,72
2,42
2,32
1,51
√
26
KBLM
Kabelindo Murni Tbk
1,28
1,72
1,61
1,73
1,97
√
27
VOKS
Voksel Electric Tbk
1,90
1,57
2,04
2,40
1,73
√
28
BIMA
Primarindo Asia Infrastructure Tbk
1,17
1,57
(0,39)
0,37
(0,42)
√
29
ADM
G
Polychem Indonesia Tbk
0,71
0,95
1,63
1,31
1,36
√
30
ARGO
Argo Pantes Tbk
0,02
0,26
(0,47)
1,10
0,09
√
31
CNTX
Century Textile Industry Tbk
(0,11)
0,26
1,20
0,16
0,26
√
32
ERTX
Eratex Djaya Tbk
0,13
(1,37)
1,24
1,23
1,05
√
33
ESTI
Ever Shine Tex Tbk
1,47
1,45
1,85
1,51
1,23
√
34
HDTX
Pan asia Indo Resources Tbk
0,93
0,83
1,21
1,32
0,21
√
35
INDR
Indo Rama Synthetic Tbk
1,17
1,66
1,54
1,38
1,27
√
36
MYTX
Apac Citra Centertex Tbk
0,29
0,08
(2,27)
(2,07)
(0,47)
√
37
PBRX
Pan Brothers Tbk
2,33
2,48
2,62
2,31
2,51
√
38
POLY
Asia Pasific Fibers Tbk
(2,87)
(3,64)
(4,08)
(4,77)
(5,54)
√
39
RICY
Ricky Putra Globalindo Tbk
1,29
1,44
1,54
1,48
0,75
√
40
SSTM
Sunson Textile Manufacturer Tbk
1,01
1,10
0,77
0,93
0,85
√
41
TFCO
Tifico Fiber Indonesia Tbk
(0,22)
1,92
2,56
2,63
2,01
√
42
UNIT
Nusantara Inti Corpora Tbk
0,61
0,54
0,68
0,37
0,28
√
43
UNTX
Unitex Tbk
(0,19)
(1,43)
(1,16)
1,17
(0,93)
√
44
GDYR
Goodyear Indonesia Tbk
1,94
2,27
2,09
2,46
2,71
√
45
GJTL
Gajah Tunggal Tbk
1,65
2,08
2,19
2,14
1,48
√
46
IMAS
Indomobil Sukses International Tbk
2,84
3,60
3,91
2,83
2,46
√
47
INDS
Indospring Tbk
1,96
1,98
2,69
2,70
2,04
√
48
LPIN
Multi Prima Sejahtera Tbk
1,08
1,65
1,52
2,93
1,81
√
49
MASA
Multistrada Arah Sarana Tbk
1,54
1,58
1,06
1,38
1,20
√
50
NIPS
Nipress Tbk
1,12
1,63
1,89
1,97
1,62
√
51
PRAS
Prima alloy steel Universal Tbk
0,50
0,92
0,71
0,85
0,64
√
52
FASW
Fajar Surya Wisesa Tbk
2,07
2,20
2,54
1,35
1,32
√
53
INKP
Indah Kiat Pulp & Paper Tbk
0,34
0,59
0,51
0,43
0,68
√
54
INRU
Toba Pulp Lestari Tbk
(1,40)
(1,02)
(0,72)
(0,80)
(0,91)
√
55
KBRI
Kertas Basuki Rachmat Indonesia Tbk
0,44
(2,30)
(0,29)
3,68
(0,79)
√
56
SPMA
Suparma Tbk
1,14
1,34
1,16
1,29
0,98
√
57
TKIM
Pabrik Kertas Tjiwi Kimia Tbk
0,90
1,01
0,97
0,93
0,85
√
58
SULI
Sumalindo Lestari Jaya Tbk
(0,40)
(0,45)
(1,52)
(1,43)
(1,42)
√
59
TIRT
Tirta Mahakam Resources Tbk
1,48
1,25
1,14
0,93
0,10
√
60
JPFA
Japfa Comfeed Indonesia Tbk
1,59
3,92
3,36
3,35
2,64
√
61
SIPD
Siearad Produce Tbk
2,72
2,46
1,84
1,51
1,41
√
62
AKKU
Alam Karya Unggul Tbk
0,21
0,45
0,86
1,48
0,83
√
63
APLI
Asiaplast Industries Tbk
1,78
1,96
1,69
1,74
1,67
√
64
BRNA
Berlina Tbk
1,68
1,92
1,85
2,08
1,07
√
65
FPNI
Titan Kimia Nusantara Tbk
1,77
1,00
1,47
1,60
1,71
√
66
SIAP
Sekawan Intipratama Tbk
1,71
1,92
2,02
1,77
1,02
√
67
SIMA
Siwani Makmur Tbk
(1,29)
(1,56)
(1,69)
(1,36)
(0,67)
√
68
TRST
Trias Sentosa Tbk
1,86
1,96
2,29
1,91
1,16
√
69
BRPT
Barito Pasific Tbk
1,45
1,27
1,39
1,03
1,17
√
70
BUDI
Budi Acid Jaya Tbk
2,12
1,51
1,83
1,36
1,48
√
71
ETWA
Eterindo Wahanatama Tbk
1,37
1,67
1,92
1,42
1,22
√
72
INCI
Intan Wijaya International Tbk
2,91
4,08
1,93
2,34
3,06
√
73
SRSN
Indo Acitama Tbk
2,10
2,36
2,85
2,38
2,68
√
74
UNIC
Unggul Indah Cahaya Tbk
2,01
2,13
2,35
2,61
2,48
√
75
ALMI
Alumindo Light Metal Industry Tbk
1,50
2,45
2,42
2,08
1,29
√
76
CTBN
Citra Turbindo Tbk
2,86
2,01
3,76
3,02
2,91
√
77
GDST
Gunawan Dianjaya Steel Tbk
1,41
3,54
4,71
2,81
2,81
√
78
INAI
Indal Aluminium Industry Tbk
1,14
1,75
1,43
1,55
1,12
√
79
JKSW
Jakarta Kyoei Steel Work LTD Tbk
(0,49)
(0,41)
(0,64)
(1,11)
(1,04)
√
80
MYRX
Hanson International Tbk
(1,18)
(4,53)
(0,20)
0,09
(0,09)
√
81
PICO
Pelangi Indah Canindo Tbk
1,37
1,31
1,66
1,61
1,72
√
82
IKAI
Inti Keramik Alam Asri Industri Tbk
0,85
0,20
0,08
0,01
0,07
√
83
MLIA
Mulia Industrindo Tbk
0,11
0,59
0,34
0,39
0,20
√
84
TOTO
Surya Toto Indonesia Tbk
2,76
4,24
4,16
2,65
4,52
√
Lampiran 5A. Perhitungan dan Tabulasi Data Variabel Ukuran Perusahaan (Firm Size)
TOTAL ASET
No
Kode
Nama Perusahaan
1
ADES
PT Akasha Wira International Tbk
2
ULTJ
PT Ultrajaya Milk Industry and Trading
Company Tbk
3
KBLI
KMI Wire and Cable Tbk
4
SCCO
Supreme Cable Manufacturing and
Commerce Tbk
5
EKAD
Ekadharma International Tbk
6
JPRS
Jaya Pari Steel Tbk
7
LMSH
Lionmesh Prima Tbk
8
AMFG
Asahimas Flat Glass Tbk
9
ARNA
Arwana Citra Mulia Tbk
10
KIAS
Keramika Indonesia Assosiasi Tbk
11
KDSI
Kedawung Setia Industrial Tbk
12
KICI
PT Kedaung Indah Can Tbk
13
LMPI
PT Langgeng Makmur Industry Tbk
14
INAF
PT Indofarma (Persero) Tbk
15
PYFA
PT Pyridam Farma Tbk
16
SCPI
PT Schering Plough Indonesia Tbk
17
RMBA
Bentoel International Investama Tbk
18
AISA
PT Tiga Pilar Sejahtera Food Tbk
19
DAVO
PT Davomas Abadi Tbk
20
INDF
PT Indofood Sukses Makmur Tbk
21
PSDN
PT Prashida Aneka Niaga Tbk
22
SKLT
PT Sekar Laut Tbk
23
STTP
PT Siantar Top Tbk
24
PTSN
Sat Nusa Persada Tbk
25
JECC
Jembo Cable Company Tbk
26
KBLM
Kabelindo Murni Tbk
27
VOKS
Voksel Electric Tbk
2010
2011
AVG
324.493
316.048
320.270,50
2.006.596
2.180.517
2.093.556,14
594.564
1.083.524
839.043,58
1.157.613
1.455.621
1.306.616,80
204.470
237.592
221.031,40
411.282
437.849
424.565,13
78.200
98.019
88.109,59
2.372.657
2.690.595
2.531.626,00
873.154
831.508
852.330,84
1.266.122
2.049.633
1.657.877,61
557.725
587.567
572.645,90
85.942
87.419
86.680,66
608.920
685.896
647.407,86
733.958
1.114.902
924.429,77
100.587
118.034
109.310,30
233.756
312.519
273.137,37
4.902.597
6.333.957
5.618.277,00
1.936.949
3.590.309
2.763.629,22
2.857.205
2.581.095
2.719.149,72
42.275.955
53.585.933
47.930.944,00
414.611
421.366
417.988,88
199.375
214.238
206.806,66
649.274
934.766
792.019,95
825.567
773.817
799.691,89
561.999
627.038
594.518,31
403.195
642.955
523.074,74
1.126.481
1.573.039
1.349.759,96
FIRM
SIZE
12,68
14,55
13,64
14,08
12,31
12,96
11,39
14,74
13,66
14,32
13,26
11,37
13,38
13,74
11,6
12,52
15,54
14,83
14,82
17,69
12,94
12,24
13,58
13,59
13,3
13,17
14,12
28
BIMA
Primarindo Asia Infrastructure Tbk
29
ADMG
Polychem Indonesia Tbk
30
ARGO
Argo Pantes Tbk
31
CNTX
Century Textile Industry Tbk
32
ERTX
Eratex Djaya Tbk
33
ESTI
Ever Shine Tex Tbk
34
HDTX
Pan asia Indo Resources Tbk
35
INDR
Indo Rama Synthetic Tbk
36
MYTX
Apac Citra Centertex Tbk
37
PBRX
Pan Brothers Tbk
38
POLY
Asia Pasific Fibers Tbk
39
RICY
Ricky Putra Globalindo Tbk
40
SSTM
Sunson Textile Manufacturer Tbk
41
TFCO
Tifico Fiber Indonesia Tbk
42
UNIT
Nusantara Inti Corpora Tbk
43
UNTX
Unitex Tbk
44
GDYR
Goodyear Indonesia Tbk
45
GJTL
Gajah Tunggal Tbk
46
IMAS
Indomobil Sukses International Tbk
47
INDS
Indospring Tbk
48
LPIN
Multi Prima Sejahtera Tbk
49
MASA
Multistrada Arah Sarana Tbk
50
NIPS
Nipress Tbk
51
PRAS
Prima alloy steel Universal Tbk
52
FASW
Fajar Surya Wisesa Tbk
53
INKP
Indah Kiat Pulp & Paper Tbk
54
INRU
Toba Pulp Lestari Tbk
55
KBRI
Kertas Basuki Rachmat Indonesia Tbk
56
SPMA
Suparma Tbk
57
TKIM
Pabrik Kertas Tjiwi Kimia Tbk
87.275
91.526
89.400,56
3.766.135
5.478.007
4.622.071,03
1.428.234
1.709.908
1.569.070,89
315.631
331.643
323.636,74
115.328
345.273
230.300,26
583.253
756.071
669.662,00
1.014.303
1.013.575
1.013.939,23
5.085.915
6.118.883
5.602.398,91
1.882.934
861.975
1.372.454,31
887.284
1.515.038
1.201.161,27
3.988.442
4.104.497
4.046.469,56
613.323
642.095
627.708,93
872.459
843.450
857.954,44
1.804.572
3.519.073
2.661.822,27
309.792
304.803
307.297,43
153.902
166.345
160.123,52
1.150.316
1.189.112
1.169.714,00
10.371.567
11.609.514
10.990.540,50
4.509.196
7.386.526
5.947.861,05
770.609
1.139.715
955.162,27
150.937
157.371
154.154,32
3.038.412
4.879.413
3.958.912,52
337.606
446.688
392.147,09
461.969
580.960
521.464,17
4.495.022
4.936.094
4.715.558,07
53.272.682
57.299.196
55.285.938,89
2.623.505
2.913.691
2.768.597,71
786.164
744.581
765.372,29
1.490.034
1.551.777
1.520.905,59
20.946.818
23.294.758
22.120.788,11
11,4
15,35
14,27
12,69
12,35
13,41
13,83
15,54
14,13
14
15,21
13,35
13,66
14,79
12,64
11,98
13,97
16,21
15,6
13,77
11,95
15,19
12,88
13,16
15,37
17,83
14,83
13,55
14,23
16,91
58
SULI
Sumalindo Lestari Jaya Tbk
59
TIRT
Tirta Mahakam Resources Tbk
60
JPFA
Japfa Comfeed Indonesia Tbk
61
SIPD
Siearad Produce Tbk
62
AKKU
Alam Karya Unggul Tbk
63
APLI
Asiaplast Industries Tbk
64
BRNA
Berlina Tbk
65
FPNI
Titan Kimia Nusantara Tbk
66
SIAP
Sekawan Intipratama Tbk
67
SIMA
Siwani Makmur Tbk
68
TRST
Trias Sentosa Tbk
69
BRPT
Barito Pasific Tbk
70
BUDI
Budi Acid Jaya Tbk
71
ETWA
Eterindo Wahanatama Tbk
72
INCI
Intan Wijaya International Tbk
73
SRSN
Indo Acitama Tbk
74
UNIC
Unggul Indah Cahaya Tbk
75
ALMI
Alumindo Light Metal Industry Tbk
76
CTBN
Citra Turbindo Tbk
77
GDST
Gunawan Dianjaya Steel Tbk
78
INAI
Indal Aluminium Industry Tbk
79
JKSW
Jakarta Kyoei Steel Work LTD Tbk
80
MYRX
Hanson International Tbk
81
PICO
Pelangi Indah Canindo Tbk
82
IKAI
Inti Keramik Alam Asri Industri Tbk
83
MLIA
Mulia Industrindo Tbk
84
TOTO
Surya Toto Indonesia Tbk
1.955.536
1.695.019
1.825.277,53
577.182
690.933
634.057,31
6.979.762
8.266.417
7.623.089,50
2.055.743
2.641.603
2.348.673,07
28.380
11.767
20.073,55
335.652
334.702
335.177,02
550.907
643.964
597.435,64
2.968.673
3.312.740
3.140.706,36
150.913
163.233
157.072,97
50.432
47.684
49.058,41
2.029.558
2.078.643
2.054.100,62
16.015.188
19.254.505
17.634.846,29
1.967.633
2.123.285
2.045.459,00
533.380
620.709
577.044,90
134.028
125.185
129.606,27
364.005
361.182
362.593,48
2.280.227
2.544.972
2.412.599,38
1.504.154
1.862.966
1.683.560,15
2.465.544
2.227.490
2.346.517,02
1.074.570
977.463
1.026.016,14
389.007
544.282
466.644,93
289.988
287.132
288.559,74
133.216
861.975
497.595,13
570.360
561.840
566.100,30
643.788
548.790
596.288,99
4.532.300
6.119.186
5.325.742,60
1.091.583
1.339.570
1.215.576,57
14,42
13,36
15,85
14,67
9,91
12,72
13,3
14,96
11,96
10,8
14,54
16,69
14,53
13,27
11,77
12,8
14,7
14,34
14,67
13,84
13,05
12,57
13,12
13,25
13,3
15,49
14,01
Lampiran 5B. Perhitungan dan Tabulasi Data Variabel Profitabilitas (Profitability)
TOTAL ASET
No
Kode
EBIT
Nama Perusahaan
PFB
2010
1
ADES
PT Akasha Wira International Tbk
2
ULTJ
PT Ultrajaya Milk Industry and Trading Company Tbk
3
KBLI
KMI Wire and Cable Tbk
4
SCCO
Supreme Cable Manufacturing and Commerce Tbk
5
EKAD
Ekadharma International Tbk
6
JPRS
Jaya Pari Steel Tbk
7
LMSH
Lionmesh Prima Tbk
8
AMFG
Asahimas Flat Glass Tbk
9
ARNA
Arwana Citra Mulia Tbk
10
KIAS
Keramika Indonesia Assosiasi Tbk
11
KDSI
Kedawung Setia Industrial Tbk
12
KICI
PT Kedaung Indah Can Tbk
13
LMPI
PT Langgeng Makmur Industry Tbk
14
INAF
PT Indofarma (Persero) Tbk
15
PYFA
PT Pyridam Farma Tbk
2011
39.496
29.627
235.017
156.818
69.638
94.128
101.709
115.458
33.672
35.219
40.443
51.037
11.879
15.148
439.009
446.661
107.737
129.918
7.283
(21.758)
34.681
30.949
6.867
988
14.639
7.745
20.409
55.203
6.982
8.077
AVG
34.562
195.917
81.883
108.584
34.446
45.740
13.514
442.835
118.828
-7.237
32.815
3.927
11.192
37.806
7.530
2010
324.493
2.006.596
594.564
1.157.613
204.470
411.282
78.200
2.372.657
873.154
1.266.122
557.725
85.942
608.920
733.958
100.587
2011
316.048
2.180.517
1.083.524
1.455.621
237.592
437.849
98.019
2.690.595
831.508
2.049.633
587.567
87.419
685.896
1.114.902
118.034
AVG
320.270,50
2.093.556,14
839.043,58
1.306.616,80
221.031,40
424.565,13
88.109,59
2.531.626,00
852.330,84
1.657.877,61
572.645,90
86.680,66
647.407,86
924.429,77
109.310,30
0,108
0,094
0,098
0,083
0,156
0,108
0,153
0,175
0,139
(0,004)
0,057
0,045
0,017
0,041
0,069
16
SCPI
PT Schering Plough Indonesia Tbk
17
RMBA
Bentoel International Investama Tbk
18
AISA
PT Tiga Pilar Sejahtera Food Tbk
19
DAVO
PT Davomas Abadi Tbk
20
INDF
PT Indofood Sukses Makmur Tbk
21
PSDN
PT Prashida Aneka Niaga Tbk
22
SKLT
PT Sekar Laut Tbk
23
STTP
PT Siantar Top Tbk
24
PTSN
Sat Nusa Persada Tbk
25
JECC
Jembo Cable Company Tbk
26
KBLM
Kabelindo Murni Tbk
27
VOKS
Voksel Electric Tbk
28
BIMA
Primarindo Asia Infrastructure Tbk
29
ADMG
Polychem Indonesia Tbk
30
ARGO
Argo Pantes Tbk
31
CNTX
Century Textile Industry Tbk
32
ERTX
Eratex Djaya Tbk
33
ESTI
Ever Shine Tex Tbk
(7.493)
(28.180)
521.308
485.237
181.395
185.179
214.471
(157.296)
5.432.375
6.347.274
47.527
37.117
9.024
11.527
51.458
60.382
(13.835)
(9.536)
17.288
41.273
5.827
25.452
41.908
161.193
13.913
4.713
133.191
436.396
58.205
(196.154)
(8.628)
33.511
(33.250)
97.570
10.522
11.198
-17.837
503.273
183.287
28.588
5.889.825
42.322
10.276
55.920
-11.685
29.280
15.640
101.550
9.313
284.793
-68.975
12.441
32.160
10.860
233.756
4.902.597
1.936.949
2.857.205
42.275.955
414.611
199.375
649.274
825.567
561.999
403.195
1.126.481
87.275
3.766.135
1.428.234
315.631
115.328
583.253
312.519
6.333.957
3.590.309
2.581.095
53.585.933
421.366
214.238
934.766
773.817
627.038
642.955
1.573.039
91.526
5.478.007
1.709.908
331.643
345.273
756.071
273.137,37
5.618.277,00
2.763.629,22
2.719.149,72
47.930.944,00
417.988,88
206.806,66
792.019,95
799.691,89
594.518,31
523.074,74
1.349.759,96
89.400,56
4.622.071,03
1.569.070,89
323.636,74
230.300,26
669.662,00
(0,065)
0,090
0,066
0,011
0,123
0,101
0,050
0,071
(0,015)
0,049
0,030
0,075
0,104
0,062
(0,044)
0,038
0,140
0,016
34
HDTX
Pan asia Indo Resources Tbk
35
INDR
Indo Rama Synthetic Tbk
36
MYTX
Apac Citra Centertex Tbk
37
PBRX
Pan Brothers Tbk
38
POLY
Asia Pasific Fibers Tbk
39
RICY
Ricky Putra Globalindo Tbk
40
SSTM
Sunson Textile Manufacturer Tbk
41
TFCO
Tifico Fiber Indonesia Tbk
42
UNIT
Nusantara Inti Corpora Tbk
43
UNTX
Unitex Tbk
44
GDYR
Goodyear Indonesia Tbk
45
GJTL
Gajah Tunggal Tbk
46
IMAS
Indomobil Sukses International Tbk
47
INDS
Indospring Tbk
48
LPIN
Multi Prima Sejahtera Tbk
49
MASA
Multistrada Arah Sarana Tbk
50
NIPS
Nipress Tbk
51
PRAS
Prima alloy steel Universal Tbk
21.098
39.891
296.178
89.220
(101.772)
120.032
72.610
119.557
278.836
(328.065)
14.241
31.257
63.735
5.220
99.675
336.753
2.343
11.807
(25.813)
(7.150)
88.997
28.456
1.120.440
856.614
830.775
1.188.362
7.207
160.680
19.072
15.922
227.186
108.454
27.356
57.072
25.378
7.027
30.495
192.699
9.130
96.084
-24.615
22.749
34.477
218.214
7.075
-16.481
58.726
988.527
1.009.569
83.943
17.497
167.820
42.214
16.203
1.014.303
5.085.915
1.882.934
887.284
3.988.442
613.323
872.459
1.804.572
309.792
153.902
1.150.316
10.371.567
4.509.196
770.609
150.937
3.038.412
337.606
461.969
1.013.575
6.118.883
861.975
1.515.038
4.104.497
642.095
843.450
3.519.073
304.803
166.345
1.189.112
11.609.514
7.386.526
1.139.715
157.371
4.879.413
446.688
580.960
1.013.939,23
5.602.398,91
1.372.454,31
1.201.161,27
4.046.469,56
627.708,93
857.954,44
2.661.822,27
307.297,43
160.123,52
1.169.714,00
10.990.540,50
5.947.861,05
955.162,27
154.154,32
3.958.912,52
392.147,09
521.464,17
0,030
0,034
0,007
0,080
(0,006)
0,036
0,040
0,082
0,023
(0,103)
0,050
0,090
0,170
0,088
0,114
0,042
0,108
0,031
52
FASW
Fajar Surya Wisesa Tbk
53
INKP
Indah Kiat Pulp & Paper Tbk
54
INRU
Toba Pulp Lestari Tbk
55
KBRI
Kertas Basuki Rachmat Indonesia Tbk
56
SPMA
Suparma Tbk
57
TKIM
Pabrik Kertas Tjiwi Kimia Tbk
58
SULI
Sumalindo Lestari Jaya Tbk
59
TIRT
Tirta Mahakam Resources Tbk
60
JPFA
Japfa Comfeed Indonesia Tbk
61
SIPD
Siearad Produce Tbk
62
AKKU
Alam Karya Unggul Tbk
63
APLI
Asiaplast Industries Tbk
64
BRNA
Berlina Tbk
65
FPNI
Titan Kimia Nusantara Tbk
66
SIAP
Sekawan Intipratama Tbk
67
SIMA
Siwani Makmur Tbk
68
TRST
Trias Sentosa Tbk
69
BRPT
Barito Pasific Tbk
380.980
182.076
1.430.549
885.173
(13.586)
29.818
(485.591)
(19.613)
84.341
44.417
868.881
1.133.355
(36.917)
(298.429)
9.533
19.418
1.648.182
1.203.713
93.121
34.013
(2.647)
(6.458)
32.857
18.889
47.282
58.174
(213.909)
(99.882)
7.214
4.569
(10.125)
(6.574)
190.737
181.654
131.950
(216.312)
281.528
1.157.861
8.116
-252.602
64.379
1.001.118
-167.673
14.476
1.425.948
63.567
-4.552
25.873
52.728
-156.895
5.891
-8.350
186.195
-42.181
4.495.022
53.272.682
2.623.505
786.164
1.490.034
20.946.818
1.955.536
577.182
6.979.762
2.055.743
28.380
335.652
550.907
2.968.673
150.913
50.432
2.029.558
16.015.188
4.936.094
57.299.196
2.913.691
744.581
1.551.777
23.294.758
1.695.019
690.933
8.266.417
2.641.603
11.767
334.702
643.964
3.312.740
163.233
47.684
2.078.643
19.254.505
4.715.558,07
55.285.938,89
2.768.597,71
765.372,29
1.520.905,59
22.120.788,11
1.825.277,53
634.057,31
7.623.089,50
2.348.673,07
20.073,55
335.177,02
597.435,64
3.140.706,36
157.072,97
49.058,41
2.054.100,62
17.634.846,29
0,060
0,021
0,003
(0,330)
0,042
0,045
(0,092)
0,023
0,187
0,027
(0,227)
0,077
0,088
(0,050)
0,038
(0,170)
0,091
(0,002)
70
BUDI
Budi Acid Jaya Tbk
71
ETWA
Eterindo Wahanatama Tbk
72
INCI
Intan Wijaya International Tbk
73
SRSN
Indo Acitama Tbk
74
UNIC
Unggul Indah Cahaya Tbk
75
ALMI
Alumindo Light Metal Industry Tbk
76
CTBN
Citra Turbindo Tbk
77
GDST
Gunawan Dianjaya Steel Tbk
78
INAI
Indal Aluminium Industry Tbk
79
JKSW
Jakarta Kyoei Steel Work LTD Tbk
80
MYRX
Hanson International Tbk
81
PICO
Pelangi Indah Canindo Tbk
82
IKAI
Inti Keramik Alam Asri Industri Tbk
83
MLIA
Mulia Industrindo Tbk
84
TOTO
Surya Toto Indonesia Tbk
131.824
152.031
55.300
101.495
(21.330)
(17.613)
22.089
33.811
40.326
78.821
113.902
104.950
258.386
555.757
225.614
139.855
48.369
43.205
2.079
(2.651)
40.099
120.032
16.722
51.262
(31.991)
(31.236)
356.589
(17.915)
268.136
305.953
141.928
78.397
-19.471
27.950
59.573
109.426
407.071
182.735
45.787
-286
80.065
33.992
-31.614
169.337
287.044
1.967.633
533.380
134.028
364.005
2.280.227
1.504.154
2.465.544
1.074.570
389.007
289.988
133.216
570.360
643.788
4.532.300
1.091.583
2.123.285
620.709
125.185
361.182
2.544.972
1.862.966
2.227.490
977.463
544.282
287.132
861.975
561.840
548.790
6.119.186
1.339.570
2.045.459,00
577.044,90
129.606,27
362.593,48
2.412.599,38
1.683.560,15
2.346.517,02
1.026.016,14
466.644,93
288.559,74
497.595,13
566.100,30
596.288,99
5.325.742,60
1.215.576,57
0,069
0,136
(0,150)
0,077
0,025
0,065
0,173
0,178
0,098
(0,001)
0,161
0,060
(0,053)
0,032
0,236
Lampiran 5C. Perhitungan dan Tabulasi Data Variabel Kecenderungan
tingkat kesehatan perusahaan (∆Severity)
1.000.000
Z Score 2010/2011
No
Kode
Nama Perusahaan
WC
TA
AVG
(2010/
2011)
AVG
(2010/
2011)
RE
WC/
TA
AVG
(2010/
2011)
TA
AVG
(2010/
2011)
EBIT
RE/
TA
AVG
(2010/
2011)
TA
AVG
(2010
/2011)
MVE
EBIT/
TA
AVG
(2010/
2011)
BVD
AVG
(2010/
2011)
MVE
/BVD
S
TA
AVG
(2010/
2011)
AVG
(2010/
2011)
S/TA
ZScore
1
ADES
PT Akasha Wira International
Tbk
49.034
320.271
0,11
30.327
320.271
0,08
34.562
320.271
0,335
775.714
207.459
1,570
259.079
320.271
0,807
2,90
2
ULTJ
PT Ultrajaya Milk Industry and
Trading Company Tbk
384.733
2.093.556
0,13
694.524
2.093.556
0,28
195.917
2.093.556
0,291
3.307.197
767.009
1,811
1.991.398
2.093.556
0,949
3,46
3
KBLI
KMI Wire and Cable Tbk
348.071
839.044
0,30
(247.492)
839.044
-0,25
81.883
839.044
0,303
368.666
333.744
0,464
1.535.016
839.044
1,826
2,64
4
SCCO
Supreme Cable Manufacturing
and Commerce Tbk
229.553
1.306.617
0,13
250.158
1.306.617
0,16
108.584
1.306.617
0,258
521.668
832.727
0,263
2.781.062
1.306.617
2,124
2,93
5
EKAD
Ekadharma International Tbk
63.462
221.031
0,21
76.862
221.031
0,29
34.446
221.031
0,484
169.104
84.609
0,839
291.368
221.031
1,316
3,14
6
JPRS
Jaya Pari Steel Tbk
198.639
424.565
0,34
243.629
424.565
0,49
45.740
424.565
0,335
399.375
105.588
1,589
534.584
424.565
1,257
4,00
7
LMSH
Lionmesh Prima Tbk
36.858
88.110
0,30
42.230
88.110
0,41
13.514
88.110
0,477
47.040
36.116
0,547
184.267
88.110
2,087
3,82
8
AMFG
Asahimas Flat Glass Tbk
1.049.076
2.531.626
0,30
1.611.980
2.531.626
0,54
442.835
2.531.626
0,543
2.679.950
537.564
2,094
2.511.205
2.531.626
0,990
4,46
9
ARNA
Arwana Citra Mulia Tbk
(2.334)
852.331
(0,00)
350.315
852.331
0,35
118.828
852.331
0,433
601.080
403.214
0,626
876.434
852.331
1,026
2,43
10
KIAS
Keramika Indonesia Assosiasi
Tbk
(70.289)
1.657.878
(0,03)
(1.021.346)
1.657.878
-0,52
(7.237)
1.657.878
(0,014)
711.913
993.040
0,301
616.421
1.657.878
0,371
0,11
11
KDSI
Kedawung Setia Industrial Tbk
85.260
572.646
0,11
61.248
572.646
0,09
32.815
572.646
0,178
97.200
305.291
0,134
1.151.778
572.646
2,007
2,52
12
KICI
PT Kedaung Indah Can Tbk
47.590
86.681
0,39
(8.181)
86.681
-0,08
3.927
86.681
0,141
25.185
22.561
0,469
84.154
86.681
0,969
1,89
13
LMPI
PT Langgeng Makmur Industry
Tbk
117.694
647.408
0,13
(99.851)
647.408
-0,13
11.192
647.408
0,054
239.523
243.000
0,414
451.891
647.408
0,697
1,16
14
INAF
PT Indofarma (Persero) Tbk
227.141
924.430
0,18
(26.470)
924.430
-0,02
37.806
924.430
0,127
376.561
464.199
0,341
1.125.693
924.430
1,215
1,83
15
PYFA
PT Pyridam Farma Tbk
34.475
109.310
0,23
24.238
109.310
0,19
7.530
109.310
0,214
81.065
29.499
1,154
145.976
109.310
1,333
3,11
16
SCPI
PT Schering Plough Indonesia
Tbk
82.930
273.137
0,22
(5.829)
273.137
-0,02
(17.837)
273.137
(0,203)
113.220
256.277
0,186
266.814
273.137
0,975
1,16
17
RMBA
Bentoel International
Investama Tbk
1.144.984
5.618.277
0,15
1.571.478
5.618.277
0,24
503.273
5.618.277
0,278
5.755.804
3.429.872
0,705
9.487.372
5.618.277
1,685
3,05
18
AISA
PT Tiga Pilar Sejahtera Food
Tbk
481.230
2.763.629
0,12
45.344
2.763.629
0,01
183.287
2.763.629
0,206
1.376.265
1.552.187
0,372
1.229.011
2.763.629
0,444
1,16
19
DAVO
PT Davomas Abadi Tbk
1.003.333
2.719.150
0,26
138.988
2.719.150
0,04
28.588
2.719.150
0,033
769.030
1.889.533
0,171
1.465.641
2.719.150
0,538
1,05
20
INDF
PT Indofood Sukses Makmur
Tbk
10.944.65
47.930.944
0,16
10.065.54
47.930.944
0,18
5.889.825
47.930.944
0,382
41.597.271
22.199.413
0,787
42.085.752
47.930.944
0,876
2,39
21
PSDN
PT Prashida Aneka Niaga Tbk
85.833
417.989
0,15
(574.804)
417.989
-1,16
42.322
417.989
0,315
280.800
218.086
0,541
1.087.409
417.989
2,596
2,43
22
SKLT
PT Sekar Laut Tbk
45.084
206.807
0,16
29.946
206.807
0,12
10.276
206.807
0,154
96.704
86.204
0,471
329.291
206.807
1,589
2,49
23
STTP
PT Siantar Top Tbk
52.582
792.020
0,05
337.178
792.020
0,36
55.920
792.020
0,219
1.660.425
323.317
2,157
895.148
792.020
1,128
3,91
24
PTSN
Sat Nusa Persada Tbk
79.501
799.692
0,07
6.030
799.692
0,01
(11.685)
799.692
(0,045)
146.144
326.604
0,188
2.134.890
799.692
2,664
2,88
25
JECC
Jembo Cable Company Tbk
41.833
594.518
0,05
31.730
594.518
0,05
29.280
594.518
0,153
92.232
481.413
0,080
1.049.071
594.518
1,761
2,09
26
KBLM
Kabelindo Murni Tbk
(11.650)
523.075
(0,02)
23.291
523.075
0,04
15.640
523.075
0,093
125.440
287.092
0,184
703.685
523.075
1,343
1,64
27
VOKS
Voksel Electric Tbk
237.771
1.349.760
0,13
23.140
1.349.760
0,01
101.550
1.349.760
0,234
527.762
908.425
0,244
1.662.089
1.349.760
1,229
1,85
28
BIMA
Primarindo Asia Infrastructure
Tbk
(58.651)
89.401
(0,47)
(234.660)
89.401
-2,22
9.313
89.401
0,324
77.400
281.060
0,116
252.920
89.401
2,823
0,57
29
ADMG
Polychem Indonesia Tbk
361.934
4.622.071
0,06
(495.040)
4.622.071
-0,09
284.793
4.622.071
0,191
1.545.949
2.595.918
0,250
4.319.340
4.622.071
0,933
1,34
30
ARGO
Argo Pantes Tbk
(58.133)
1.569.071
(0,03) (1.087.650)
1.569.071
-0,59
(68.975)
1.569.071
(0,137)
402.669
1.282.974
0,132
756.272
1.569.071
0,481
(0,14)
31
CNTX
Century Textile Industry Tbk
(18.248)
323.637
(0,04)
(130.433)
323.637
-0,34
12.441
323.637
0,119
32.500
286.925
0,048
309.601
323.637
0,955
0,74
32
ERTX
Eratex Djaya Tbk
(49.656)
230.300
(0,15)
(214.634)
230.300
-0,79
32.160
230.300
0,434
17.529
295.577
0,025
245.313
230.300
1,063
0,58
33
ESTI
Ever Shine Tex Tbk
59.647
669.662
0,06
188.281
669.662
0,24
10.860
669.662
0,050
261.977
353.640
0,311
676.062
669.662
1,008
1,67
34
HDTX
Pan asia Indo Resources Tbk
(25.401)
1.013.939
(0,02)
(230.963)
1.013.939
-0,19
30.495
1.013.939
0,093
337.166
457.021
0,310
839.437
1.013.939
0,826
1,02
35
INDR
Indo Rama Synthetic Tbk
210.160
5.602.399
0,03
1.094.189
5.602.399
0,17
192.699
5.602.399
0,107
1.204.007
2.971.953
0,170
6.312.482
5.602.399
1,124
1,59
36
MYTX
Apac Citra Centertex Tbk
(0,70) (1.137.305)
1.372.454
-0,70
9.130
1.372.454
0,021
214.867
2.581.432
0,035
953.713
1.372.454
0,694
(0,65)
37
PBRX
Pan Brothers Tbk
139.286
1.201.161
0,10
96.084
1.201.161
0,249
1.030.402
775.209
0,558
1.799.398
1.201.161
1,495
2,54
38
POLY
Asia Pasific Fibers Tbk
(17.079.315)
4.046.470
-3,58
(24.615)
4.046.470
(0,019)
820.033
11.476.832
0,030
5.109.239
4.046.470
1,260
(3,86)
39
RICY
Ricky Putra Globalindo Tbk
202.738
627.709
0,23
15.735
627.709
0,02
22.749
627.709
0,113
117.113
283.593
0,173
598.359
627.709
0,951
1,49
40
SSTM
Sunson Textile Manufacturer
Tbk
226.807
857.954
0,19
(52.226)
857.954
-0,05
34.477
857.954
0,125
237.109
546.830
0,182
424.903
857.954
0,494
0,94
41
TFCO
Tifico Fiber Indonesia Tbk
76.360
2.661.822
0,02
(880.433)
2.661.822
-0,28
218.214
2.661.822
0,255
2.435.654
900.119
1,136
3.184.878
2.661.822
1,194
2,33
42
UNIT
Nusantara Inti Corpora Tbk
8.750
307.297
0,02
22.061
307.297
0,06
7.075
307.297
0,072
16.555
67.901
0,102
108.290
307.297
0,352
0,61
(1.342.877) 1.372.454
234.109 1.201.161
0,14
(8.790.898) 4.046.470
(1,56)
43
UNTX
Unitex Tbk
44
GDYR
Goodyear Indonesia Tbk
45
GJTL
Gajah Tunggal Tbk
46
IMAS
Indomobil Sukses
International Tbk
47
INDS
Indospring Tbk
48
LPIN
Multi Prima Sejahtera Tbk
49
MASA
Multistrada Arah Sarana Tbk
50
NIPS
Nipress Tbk
51
PRAS
Prima alloy steel Universal
Tbk
52
FASW
Fajar Surya Wisesa Tbk
53
INKP
Indah Kiat Pulp & Paper Tbk
54
INRU
Toba Pulp Lestari Tbk
55
KBRI
Kertas Basuki Rachmat
Indonesia Tbk
56
SPMA
Suparma Tbk
57
TKIM
Pabrik Kertas Tjiwi Kimia
Tbk
58
SULI
Sumalindo Lestari Jaya Tbk
59
TIRT
Tirta Mahakam Resources Tbk
60
JPFA
Japfa Comfeed Indonesia Tbk
61
SIPD
Siearad Produce Tbk
(221.418)
160.124
(0,99)
(225.587)
160.124
(92.279)
1.169.714
(0,06)
387.623
1.169.714
2.056.490
10.990.541
0,13
2.351.592
10.990.541
1.131.966
5.947.861
0,14
626.686
5.947.861
290.930
955.162
0,22
247.875
955.162
63.183
154.154
0,29
(4.102)
154.154
(847.408)
3.958.913
(0,15)
723.381
3.958.913
11.423
392.147
0,02
13.429
392.147
48.399
521.464
0,07
(20.971)
521.464
23.216
4.715.558
0,00
563.643
4.715.558
405.155
55.285.939
0,01
(1.624.017)
55.285.939
106.984
2.768.598
0,03
(5.109.719)
2.768.598
(50.343)
765.372
(0,05)
(2.462.302)
765.372
164.387
1.520.906
0,08
137.507
1.520.906
4.750.549
22.120.788
0,15
1.280.811
22.120.788
(876.681)
1.825.278
(0,34)
(1.454.278)
1.825.278
106.954
634.057
0,12
(1.176)
634.057
2.290.405
7.623.090
0,22
1.001.932
7.623.090
433.967
2.348.673
0,13
86.533
2.348.673
-1,19
0,28
0,18
0,09
0,22
-0,02
0,15
0,03
-0,03
0,10
-0,02
-1,56
-2,72
0,08
0,05
-0,67
0,00
0,11
0,03
(16.481)
160.124
(0,320)
29.853
324.919
0,039
188.834
160.124
1,177
(1,29)
58.726
1.169.714
0,156
452.025
747.064
0,254
1.813.361
1.169.714
1,547
2,18
988.527
10.990.541
0,279
9.234.720
6.984.123
0,555
10.847.650
10.990.541
0,985
2,14
1.009.569
5.947.861
0,527
12.789.413
7.103.829
0,756
13.413.869
5.947.861
2,251
3,76
83.943
955.162
0,273
590.625
525.327
0,472
1.131.053
955.162
1,182
2,37
17.497
154.154
0,353
56.578
41.558
0,572
61.239
154.154
0,396
1,59
167.820
3.958.913
0,132
2.540.615
2.189.765
0,487
2.481.400
3.958.913
0,626
1,25
42.214
392.147
0,334
79.750
235.065
0,142
490.059
392.147
1,247
1,77
16.203
521.464
0,097
66.150
334.409
0,083
308.823
521.464
0,591
0,80
281.528
4.715.558
0,185
8.982.347
2.909.410
1,297
3.754.851
4.715.558
0,795
2,38
1.157.861
55.285.939
0,065
7.850.861
37.090.510
0,089
22.888.823
55.285.939
0,413
0,55
8.116
2.768.598
0,009
1.394.087
1.627.402
0,360
856.757
2.768.598
0,309
(0,86)
(252.602)
765.372
(1,025)
600.986
107.107
2,357
50.810
765.372
0,066
(1,37)
64.379
1.520.906
0,132
350.631
785.982
0,187
1.176.059
1.520.906
0,772
1,24
1.001.118
22.120.788
0,141
3.422.737
15.719.827
0,091
12.269.630
22.120.788
0,554
0,99
(167.673)
1.825.278
(0,285)
327.546
1.626.882
0,085
500.205
1.825.278
0,273
(0,95)
14.476
634.057
0,071
71.836
498.623
0,061
596.294
634.057
0,939
1,19
1.425.948
7.623.090
0,581
7.225.168
3.986.983
0,761
14.894.430
7.623.090
1,950
3,62
63.567
2.348.673
0,084
586.944
1.096.631
0,225
3.835.816
2.348.673
1,630
2,10
62
AKKU
Alam Karya Unggul Tbk
63
APLI
Asiaplast Industries Tbk
64
BRNA
Berlina Tbk
65
FPNI
Titan Kimia Nusantara Tbk
66
SIAP
Sekawan Intipratama Tbk
67
SIMA
Siwani Makmur Tbk
68
TRST
Trias Sentosa Tbk
69
BRPT
Barito Pasific Tbk
70
BUDI
Budi Acid Jaya Tbk
71
ETWA
Eterindo Wahanatama Tbk
72
INCI
Intan Wijaya International Tbk
73
SRSN
Indo Acitama Tbk
74
UNIC
Unggul Indah Cahaya Tbk
75