ANALISIS PERBEDAAN TINGKAT AKURASI METODE ALTMAN DAN SPRINGATE PADA FINANCIAL DISTRESS (Studi Kasus Pada Perusahaan Ritel yang Terdaftar di Bursa Efek Indonesia Periode 2017-2021)

Abstract

The purpose of this study is to determine whether there is a difference in prediction between the Altman and Springate models in predicting bankruptcy of retail companies in Indonesia, and to determine the most accurate prediction model. This study uses secondary data in the form of annual reports that have been published by retail companies in Indonesia for the period 2017-2021. The sampling technique used purposive sampling with 25 samples of retail companies. The analytical tool used uses the Wilcoxon Signed Rank Test with the help of the SPSS program. From the calculation of the two prediction models, it shows that there are several retail companies predicted to go bankrupt. The Wilcoxon Signed Rank t-test results show that there are differences in predictions between the Altman and Springate models applied to retail companies in Indonesia.