Abstract:
Purpose – The purpose of this study is to predict the bankruptcy or
financial distress towards retail bankruptcy, especially for retail company which
specialised in department store, listed in Indonesia Stock Exchange (IDX) with
the Period of 2012-2017 which are PT. Matahari Department Store, PT.
Ramayana Lestari Sentosa and PT. Mitra Adi Perkasa. Due to issues about the
closing down and bankruptcy of some department store and other retail store in
2017.
Design/Methodology/Approach – This research applies one of the
methods to predict the bankruptcy which is Altman’s Z-score for non
manufacturing company (Z”-Score). The data of financial report of each company
is collected from the IDX’s website and from the website of each company.
Findings – The result shows that none of the sampled companies will go
bankrupt or in a dangerous condition of financial distress. The Z”-Score of each
company is higher than the range value.
Originality – Value of this reseach is the implication of the using of
Altman’s Z”-Score model for non manufacturing company
