Analisis Rasio Keuangan Untuk Memprediksi Financial Distress Pada Perusahaan Garmen Dan Tekstil Yang Terdaftar Di Bei Dengan Menggunakan Metode Altman’s Z-Score

Lampiran 2

  Daftar Perhitungan Rasio Keuangan Tahun 2011 Kode Saham Tahun 2011

  X1 X2

  X3 X4

X5 ARGO 0,00615 -0,86251 -0,08447 0,27349 0,49610

  MYTX -0,28345 -0,62798 -0,03280 0,18491 1,05878 POLY -2,06735 -4,47542 -0,04486 0,17376 1,40525 SSTM 0,25192 -0,07620 0,00619 0,38717 0,47801

  UNTX -1,34856 -1,62552 0,01866 0,08982 1,28092 ADMG 0,09797 0,05591 0,09574 0,84308 0,91484

  INDR 0,03939 0,18131 0,01771 0,37526 1,15676 PBRX 0,22704 0,11580 0,07891 1,62284 1,43277

  RICY 0,31889 0,03418 0,04868 0,40459 0,95997 STAR 0,20566 0,00900 0,03138 1,68871 0,30663 TFCO 0,04237 0,00753 0,09862 2,84651 1,03830

  UNIT 0,02698 0,07436 0,03874 0,34955 0,33867

Lampiran 3

  Daftar Perhitungan Rasio Keuangan Tahun 2012 Kode Saham Tahun 2012

  X1 X2

  X3 X4

X5 ARGO -0,05812 -0,88063 -0,04487 0,21126 0,55335

  MYTX -0,23175 -0,67292 -0,03926 0,29502 0,84237 POLY -2,31009 -5,10314 -0,05948 0,07092 1,48922 SSTM 0,22149 -0,09677 0,01543 0,29867 0,68430

  UNTX -1,57543 -1,85755 -0,04690 0,08516 0,91299 ADMG 0,22736 0,07086 0,03230 0,52652 0,81469

  INDR 0,04495 0,17652 0,00830 0,24534 1,08286 PBRX 0,17741 0,12283 0,07200 1,22250 1,34732

  RICY 0,39676 0,04274 0,05499 0,23480 0,89018 STAR 0,26019 0,00974 0,04496 0,91444 0,27236 TFCO 0,10690 0,02868 0,02142 3,78074 0,93736

  UNIT -0,14871 0,06015 0,03609 0,18656 0,23287 Lampiran 4

Daftar Perhitungan Z-Score Perusahaan Tahun 2011 Kode Saham 1,2 X1 1,4 X2 3,3 X3 0,6 X4 1,0 X5 Z-Score

  ARGO 0,00738 -1,20751 -0,27876 0,16410 0,49610 -0,81869 MYTX -0,34014 -0,87917 -0,10823 0,11095 1,05878 -0,15782 POLY -2,48083 -6,26559 -0,14803 0,10426 1,40525 -7,38493 SSTM 0,30231 -0,10669 0,02042 0,23230 0,47801 0,92636 UNTX -1,61827 -2,27572 0,06156 0,05389 1,28092 -2,49762 ADMG 0,11756 0,07828 0,31596 0,50585 0,91484 1,93248

  INDR 0,04727 0,25383 0,05845 0,22516 1,15676 1,74147 PBRX 0,27244 0,16213 0,26041 0,97371 1,43277 3,10146 RICY 0,38267 0,04785 0,16064 0,24275 0,95997 1,79389 STAR 0,24679 0,01260 0,10356 1,01323 0,30663 1,68280 TFCO 0,05084 0,01055 0,32543 1,70790 1,03830 3,13302 UNIT 0,03238 0,10411 0,12783 0,20973 0,33867 0,81272

  Lampiran 5

Daftar Perhitungan Z-Score Perusahaan Tahun 2012 Kode Saham 1,2 X1 1,4 X2 3,3 X3 0,6 X4 1,0 X5 Z-Score

  ARGO -0,06975 -1,23288 -0,14808 0,12676 0,55335 -0,77061 MYTX -0,27810 -0,94209 -0,12957 0,17701 0,84237 -0,33037 POLY -2,77211 -7,14439 -0,19630 0,04255 1,48922 -8,58103 SSTM 0,26579 -0,13548 0,05093 0,17920 0,68430 1,04474 UNTX -1,89052 -2,60057 -0,15477 0,05109 0,91299 -3,68178 ADMG 0,27283 0,09920 0,10658 0,31591 0,81469 1,60921

  INDR 0,05394 0,24713 0,02739 0,14720 1,08286 1,55852 PBRX 0,21289 0,17196 0,23762 0,73350 1,34732 2,70329 RICY 0,47612 0,05984 0,18148 0,14088 0,89018 1,74850 STAR 0,31223 0,01364 0,14836 0,54866 0,27236 1,29525 TFCO 0,12828 0,04016 0,07068 2,26844 0,93736 3,44492 UNIT -0,17846 0,08420 0,11910 0,11194 0,23287 0,36965

  Lampiran 6

  

Daftar Perhitungan Working Capital

Current Assets Current Liabilities Working Capital Kode Saham 2011 2012 2011 2012 2011 2012

  ARGO Rp 301.305.362.000,00 Rp 392.895.040.000,00 Rp 290.787.674.000,00 Rp 498.084.668.000,00 Rp 10.517.688.000,00 Rp (105.189.628.000,00) MYTX Rp 454.582.683.067,00 Rp 424.242.857.298,00 Rp 978.511.549.980,00 Rp 842.155.819.968,00 Rp (523.928.866.913,00) Rp (417.912.962.670,00) POLY Rp 2.100.701.512.736,00 Rp 2.292.181.857.410,00 Rp 10.586.151.230.040,00 Rp 11.300.280.095.100,00 Rp (8.485.449.717.304,00) Rp (9.008.098.237.690,00) SSTM Rp 469.277.014.808,00 Rp 428.479.361.379,00 Rp256.793.923.076,00 Rp 249.010.900.037,00 Rp 212.483.091.732,00 Rp 179.468.461.342,00 UNTX Rp 86.292.974.144,00 Rp 74.047.357.770,00 Rp 310.619.044.288,00 Rp 328.684.634.460,00 Rp (224.326.070.144,00) Rp (254.637.276.690,00) ADMG Rp 2.091.910.440.388,00 Rp 2.457.648.012.370,00 Rp 1.555.124.367.800,00 Rp 1.141.087.588.510,00 Rp 536.786.072.588,00 Rp 1.316.560.423.860,00

  INDR Rp 2.541.467.730.300,00 Rp 2.750.137.575.740,00 Rp 2.300.443.210.196,00 Rp 2.451.089.634.640,00 Rp 241.024.520.104,00 Rp 299.047.941.100,00 PBRX Rp 1.125.989.491.717,00 Rp 1.484.302.727.167,00 Rp 782.020.390.773,00 Rp 1.128.930.883.767,00 Rp 343.969.100.944,00 Rp 355.371.843.400,00 RICY Rp 467.024.514.266,00 Rp 601.056.426.925,00 Rp 262.265.342.175,00 Rp 266.783.974.109,00 Rp 204.759.172.091,00 Rp 334.272.452.816,00 STAR Rp 360.236.455.560,00 Rp 409.204.628.848,00 Rp 212.454.211.896,00 Rp 213.615.957.125,00 Rp 147.782.243.664,00 Rp 195.588.671.723,00 TFCO Rp 932.105.079.188,00 Rp 1.081.057.369.570,00 Rp 783.383.041.916,00 Rp 684.581.809.320,00 Rp 148.722.037.272,00 Rp 396.475.560.250,00 UNIT Rp 69.876.058.858,00 Rp 79.421.010.563,00 Rp 61.651.259.535,00 Rp 135.917.282.415,00 Rp 8.224.799.323,00 Rp (56.496.271.852,00)

  Kurs: 2011 ---- US$1 = Rp 9.068 2012 ---- US$1 = RP 9.670

  Lampiran 7

Daftar Perhitungan Working Capital To Total Assets Kode Saham Working Capital Total Assets

  X1 2011 2012 2011 2012 2011 2012

  ARGO Rp 10.517.688.000,00 Rp (105.189.628.000,00) Rp 1.709.908.215.000,00 Rp 1.809.813.835.000,00 0,00615 -0,05812 MYTX Rp (523.928.866.913,00) Rp (417.912.962.670,00) Rp 1.848.394.822.216,00 Rp 1.803.323.308.102,00 -0,28345 -0,23175 POLY Rp (8.485.449.717.304,00) Rp (9.008.098.237.690,00) Rp 4.104.497.009.216,00 Rp 3.899.449.653.970,00 -2,06735 -2,31009 SSTM Rp 212.483.091.732,00 Rp 179.468.461.342,00 Rp 843.450.156.961,00 Rp 810.275.583.968,00 0,25192 0,22149 UNTX Rp (224.326.070.144,00) Rp (254.637.276.690,00) Rp 166.345.314.416,00 Rp 161.630.288.370,00 -1,34856 -1,57543 ADMG Rp 536.786.072.588,00 Rp 1.316.560.423.860,00 Rp 5.479.104.782.628,00 Rp 5.790.766.805.820,00 0,09797 0,22736

  INDR Rp 241.024.520.104,00 Rp 299.047.941.100,00 Rp 6.118.882.914.080,00 Rp 6.653.019.905.650,00 0,03939 0,04495 PBRX Rp 343.969.100.944,00 Rp 355.371.843.400,00 Rp 1.515.038.439.895,00 Rp 2.003.097.631.825,00 0,22704 0,17741 RICY Rp 204.759.172.091,00 Rp 334.272.452.816,00 Rp 642.094.672.040,00 Rp 842.498.674.322,00 0,31889 0,39676 STAR Rp 147.782.243.664,00 Rp 195.588.671.723,00 Rp 718.569.181.860,00 Rp 751.720.620.157,00 0,20566 0,26019 TFCO Rp 148.722.037.272,00 Rp 396.475.560.250,00 Rp 3.510.204.926.972,00 Rp 3.708.922.552.950,00 0,04237 0,10690 UNIT Rp 8.224.799.323,00 Rp (56.496.271.852,00) Rp 304.802.980.424,00 Rp 379.900.742.389,00 0,02698 -0,14871

  Lampiran 8

Daftar Perhitungan Retained Earning To Total Assets Kode Saham Retained Earning Total Assets

  X2 2011 2012 2011 2012 2011 2012

  ARGO Rp (1.474.806.828.000,00) Rp (1.593.776.464.000,00) Rp 1.709.908.215.000,00 Rp 1.809.813.835.000,00 -0,86251 -0,88063 MYTX Rp (1.160.758.170.420,00) Rp (1.213.491.601.495,00) Rp 1.848.394.822.216,00 Rp 1.803.323.308.102,00 -0,62798 -0,67292 POLY Rp (18.369.342.509.496,00) Rp(19.899.422.390.110,00) Rp 4.104.497.009.216,00 Rp 3.899.449.653.970,00 -4,47542 -5,10314 SSTM Rp (64.274.539.761,00) Rp (78.411.726.564,00) Rp 843.450.156.961,00 Rp 810.275.583.968,00 -0,07620 -0,09677 UNTX Rp (270.396.878.400,00) Rp (300.236.625.850,00) Rp 166.345.314.416,00 Rp 161.630.288.370,00 -1,62552 -1,85755 ADMG Rp 306.341.768.436,00 Rp 410.324.895.570,00 Rp 5.479.104.782.628,00 Rp 5.790.766.805.820,00 0,05591 0,07086

  INDR Rp 1.109.418.874.112,00 Rp 1.174.389.927.450,00 Rp 6.118.882.914.080,00 Rp 6.653.019.905.650,00 0,18131 0,17652 PBRX Rp 175.447.824.166,00 Rp 246.040.815.664,00 Rp 1.515.038.439.895,00 Rp 2.003.097.631.825,00 0,11580 0,12283 RICY Rp 21.946.169.829,00 Rp 36.010.533.003,00 Rp 642.094.672.040,00 Rp 842.498.674.322,00 0,03418 0,04274 STAR Rp 6.466.150.189,00 Rp 7.324.856.014,00 Rp 718.569.181.860,00 Rp 751.720.620.157,00 0,00900 0,00974 TFCO Rp 26.441.707.648,00 Rp 106.385.036.850,00 Rp 3.510.204.926.972,00 Rp 3.708.922.552.950,00 0,00753 0,02868 UNIT Rp 22.666.205.005,00 Rp 22.849.270.151,00 Rp 304.802.980.424,00 Rp 379.900.742.389,00 0,07436 0,06015

  Lampiran 9

  

Daftar Perhitungan EBIT To Total Assets

Kode Saham EBIT

  Total Assets

  X3 2011 2012 2011 2012 2011 2012

  ARGO Rp (144.441.813.000,00) Rp (81.212.286.000,00) Rp 1.709.908.215.000,00 Rp 1.809.813.835.000,00 -0,08447 -0,04487 MYTX Rp (60.623.282.647,00) Rp (70.803.507.653,00) Rp 1.848.394.822.216,00 Rp 1.803.323.308.102,00 -0,03280 -0,03926 POLY Rp (184.113.017.596,00) Rp (231.957.684.170,00) Rp 4.104.497.009.216,00 Rp 3.899.449.653.970,00 -0,04486 -0,05948 SSTM Rp 5.219.804.782,00 Rp 12.504.316.700,00 Rp 843.450.156.961,00 Rp 810.275.583.968,00 0,00619 0,01543 UNTX Rp 3.103.187.484,00 Rp (7.580.632.110,00) Rp 166.345.314.416,00 Rp 161.630.288.370,00 0,01866 -0,04690 ADMG Rp 524.596.395.452,00 Rp 187.025.265.240,00 Rp 5.479.104.782.628,00 Rp 5.790.766.805.820,00 0,09574 0,03230

  INDR Rp 108.372.465.984,00 Rp 55.214.849.040,00 Rp 6.118.882.914.080,00 Rp 6.653.019.905.650,00 0,01771 0,00830 PBRX Rp 119.557.153.237,00 Rp 144.233.040.282,00 Rp 1.515.038.439.895,00 Rp 2.003.097.631.825,00 0,07891 0,07200 RICY Rp 31.256.989.032,00 Rp 46.332.964.804 Rp 642.094.672.040,00 Rp 842.498.674.322,00 0,04868 0,05499 STAR Rp 22.549.801.533,00 Rp 33.796.159.399,00 Rp 718.569.181.860,00 Rp 751.720.620.157,00 0,03138 0,04496 TFCO Rp 346.162.648.120,00 Rp 79.441.583.540,00 Rp 3.510.204.926.972,00 Rp 3.708.922.552.950,00 0,09862 0,02142 UNIT Rp 11.807.181.952,00 Rp 13.711.438.167,00 Rp 304.802.980.424,00 Rp 379.900.742.389,00 0,03874 0,03609

  Lampiran 10

  

DaftarPerhitungan Market Value of Equity

Jumlah Saham Harga Saham Market Value of Equity Kode Saham 2011 2012 2011 2012 2011 2012

  ARGO 355.557.450 355.557.450 Rp 1.100,00 Rp 1.000,00 Rp 369.113.195.000,00 Rp 335.557.450.000,00 MYTX 1.466.666.577 1.466.666.577 Rp 225,00 Rp 375,00 Rp 329.999.979.825,00 Rp 549.999.966.375,00 POLY 4.267.883.472 4.267.883.472 Rp 450,00 Rp 193,00 Rp 1.920.547.562.400,00 Rp 823.701.510.096,00 SSTM 1.170.909.181 1.170.909.181 Rp 180,00 Rp 134,00 Rp 210.763.652.580,00 Rp 156.901.830.254,00 UNTX 8.068.500 8.068.500 Rp 3.700,00 Rp 3.700,00 Rp 29.853.450.000,00 Rp 29.853.450.000,00 ADMG 3.889.179.559 3.889.179.559 Rp 580,00 Rp 365,00 Rp 2.255.724.144.220,00 Rp 1.419.550.539.035,00

  INDR 654.351.707 654.351.707 Rp 1.980,00 Rp 1.420,00 Rp 1.295.616.379.860,00 Rp 929.179.423.940,00 PBRX 3.063.861.660 3.065.612.208 Rp 440,00 Rp 470,00 Rp 1.348.099.130.400,00 Rp 1.440.837.737.760,00 RICY 641.717.510 641.717.510 Rp 184,00 Rp 174,00 Rp 118.076.021.840,00 Rp 111.658.846.740,00 STAR 4.800.000.000 4.800.000.000 Rp 81,00 Rp 50,00 Rp 388.800.000.000,00 Rp 240.000.000.000,00 TFCO 4.823.076.400 4.823.076.400 Rp 500,00 Rp 620,00 Rp 2.411.538.200.000,00 Rp 2.990.307.368.000,00 UNIT 75.422.200 75.422.200 Rp 300,00 Rp 345,00 Rp 22.626.660.000,00 Rp 26.020.659.000,00

  Lampiran 11

  

Daftar Perhitungan Market Value of Equity To Book Value of Debt

Kode Saham Market Value of Equity Book Value of Debt

  X4 2011 2012 2011 2012 2011 2012

  ARGO Rp 369.113.195.000,00 Rp 335.557.450.000 Rp 1.349.618.405.000,00 Rp 1.588.347.551.000,00 0,27349 0,21126 MYTX Rp 329.999.979.825,00 Rp 549.999.966.375 Rp 1.784.606.616.024,00 Rp 1.864.250.275.649,00 0,18491 0,29502 POLY Rp 1.920.547.562.400,00 Rp 823.701.510.096 Rp 11.052.970.500.772,00 Rp 11.614.551.323.800,00 0,17376 0,07092 SSTM Rp 210.763.652.580,00 Rp 156.901.830.254 Rp 544.374.697.261,00 Rp 525.337.311.071,00 0,38717 0,29867 UNTX Rp 29.853.450.000,00 Rp 29.853.450.000 Rp 332.377.955.124,00 Rp 350.574.216.990,00 0,08982 0,08516 ADMG Rp 2.255.724.144.220,00 Rp 1.419.550.539.035 Rp 2.675.584.157.604,00 Rp 2.696.078.049.950,00 0,84308 0,52652

  INDR Rp 1.295.616.379.860,00 Rp 929.179.423.940 Rp 3.452.554.455.008,00 Rp 3.787.366.850.050,00 0,37526 0,24534 PBRX Rp 1.348.099.130.400,00 Rp 1.440.837.737.760 Rp 830.702.000.088,00 Rp 1.178.597.390.919,00 1,62284 1,22250 RICY Rp 118.076.021.840,00 Rp 111.658.846.740 Rp 291.842.821.653,00 Rp 475.541.284.698,00 0,40459 0,23480 STAR Rp 388.800.000.000,00 Rp 240.000.000.000 Rp 230.235.127.158,00 Rp 262.456.727.182,00 1,68871 0,91444 TFCO Rp 2.411.538.200.000,00 Rp 2.990.307.368.000 Rp 847.192.417.868,00 Rp 790.931.908.460,00 2,84651 3,78074 UNIT Rp 22.626.660.000,00 Rp 26.020.659.000 Rp 64.730.300.526,00 Rp 139.475.335.813,00 0,34955 0,18656

  Lampiran 12

  

Daftar Perhitungan Sales To Total Assets

Kode Saham Sales

  Total Assets

  X5 2011 2012 2011 2012 2011 2012

  ARGO Rp 848.287.113.000,00 Rp 1.001.452.918.000,00 Rp 1.709.908.215.000,00 Rp 1.809.813.835.000,00 0,49610 0,55335 MYTX Rp 1.957.035.256.801,00 Rp 1.519.059.182.281,00 Rp 1.848.394.822.216,00 Rp 1.803.323.308.102,00 1,05878 0,84237 POLY Rp 5.767.862.465.816,00 Rp 5.807.142.032.170,00 Rp 4.104.497.009.216,00 Rp 3.899.449.653.970,00 1,40525 1,48922 SSTM Rp 403.181.559.300,00 Rp 554.471.435.919,00 Rp 843.450.156.961,00 Rp 810.275.583.968,00 0,47801 0,68430 UNTX Rp 213.074.323.452,00 Rp 147.566.946.280,00 Rp 166.345.314.416,00 Rp 161.630.288.370,00 1,28092 0,91299 ADMG Rp 5.012.511.132.804,00 Rp 4.717.668.532.820,00 Rp 5.479.104.782.628,00 Rp 5.790.766.805.820,00 0,91484 0,81469

  INDR Rp 7.078.076.131.432,00 Rp 7.204.321.584.480,00 Rp 6.118.882.914.080,00 Rp 6.653.019.905.650,00 1,15676 1,08286 PBRX Rp 2.170.706.640.132,00 Rp 2.698.804.647.288,00 Rp 1.515.038.439.895,00 Rp 2.003.097.631.825,00 1,43277 1,34732 RICY Rp 616.394.673.133,00 Rp 749.972.702.550,00 Rp 642.094.672.040,00 Rp 842.498.674.322,00 0,95997 0,89018 STAR Rp 220.333.781.433,00 Rp 204.735.375.950,00 Rp 718.569.181.860,00 Rp 751.720.620.157,00 0,30663 0,27236 TFCO Rp 3.644.639.223.948,00 Rp 3.476.585.060.190,00 Rp 3.510.204.926.972,00 Rp 3.708.922.552.950,00 1,03830 0,93736 UNIT Rp 103.226.308.264,00 Rp 88.465.983.753,00 Rp 304.802.980.424,00 Rp 379.900.742.389,00 0,33867 0,23287

  Lampiran 13

  Group Statistics

  Kategori Mean Std. Deviation Valid N (listwise)

  Unweighted Weighted X1 -.3170379 .83992390 19 19.000 X2 -.8220937 1.52363714 19 19.000 X3 .0000416 .04266732 19 19.000 X4 .3682079 .37240431

  19 19.000 X5 .8029621 .38885583 19 19.000

  1 X1 .1376900 .05617256 2 2.000 X2 .0893700 .04731959 2 2.000 X3 .0838700 .01678671 2 2.000 X4 1.0327900 .26829045 2 2.000 X5 1.1310800 .30580954 2 2.000

  2 X1 .1254367 .09372011 3 3.000 X2 .0506700 .05738700 3 3.000 X3 .0663167 .04011115 3 3.000 X4 2.7500300 1.08218039 3 3.000 X5 1.1361433 .26179716 3 3.000 Total X1 -.2238346 .76646117 24 24.000

  X2 -.6370429 1.39751517 24 24.000

  Tests of Equality of Group Means Wilks' Lambda F df1 df2 Sig.

  X1 .941 .654

  2 21 .530 X2 .930 .785

  2 21 .469 X3 .626 6.264

  2 21 .007 X4 .248 31.882

  2 21 .000 X5 .872 1.544

  2 21 .237