Putri, Sefina (2025) Analisis Financial Distress PT Bata Menggunakan Metode Altman Z-Score, Zmijewski, Springate Dan Grover Periode 2020-2024. Undergraduate thesis, Universitas Hayam Wuruk Perbanas.
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Abstract
This study aims to analyze the financial distress condition of PT Bata Tbk during the 2020–2024 period using four bankruptcy prediction models: Altman Z-Score, Zmijewski, Springate, and Grover. The research employs a descriptive quantitative method, utilizing secondary data from PT Bata’s annual financial statements obtained from the Indonesia Stock Exchange and the company’s official website, as well as primary data through employee interviews. The results indicate differences among the four methods. The Altman Z-Score shows fluctuations from the grey area to bankruptcy, the Zmijewski model is relatively more optimistic with most years categorized as non-bankrupt except in 2023, while the Springate and Grover models consistently classify PT Bata as bankrupt throughout the study period. Employee interviews confirm that declining sales, less adaptive marketing strategies, operational inefficiency, shifting consumer behavior toward online shopping, and the impact of the pandemic are the main factors of financial distress. Overall, the findings confirm that PT Bata is in financial distress and faces a high risk of bankruptcy if significant corrective measures are not taken. Keywords: Financial Distress, Altman Z-Score, Zmijewski, Springate, Grover, PT Bata
| Item Type: | Thesis (Undergraduate) |
|---|---|
| Subjects: | 600 - TECHNOLOGY > 650 - 659 MANAGEMENT & PUBLIC RELATIONS > 657 - ACCOUNTING 600 - TECHNOLOGY > 650 - 659 MANAGEMENT & PUBLIC RELATIONS > 657 - ACCOUNTING > 657.042 - FINANCIAL ACCOUNTING |
| Divisions: | Bachelor of Accountancy |
| Depositing User: | SEFINA PUTRI |
| Date Deposited: | 23 Sep 2025 08:21 |
| Last Modified: | 23 Sep 2025 08:21 |
| URI: | http://eprints.perbanas.ac.id/id/eprint/13847 |
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