5. S- Score ( dalam bentuk NEGATIF )
Grafik 4.2
Analisis Kebangkrutan Model Zmijewski
Perusahaan Perkebunan
14
12
10
8
6
4
2
0
2011 S-Score
2010 S-Score
2009 S-Score
Nama Perusahaan
6. Tabel 4.3
Analisis Kebangkrutan Model Altman
Z-Scare Perusahaan Perkebunan
Nama Perusahan
PT Astra Agro Lestari Tbk.
PT BW Plantation Tbk.
PT Bakrie Sumatera Plantation Tbk.
PT Gozko Plantation Tbk.
2009
Z-Score
Kriteria
3.64
Sehat
1.53
Bangkrut
1.07
Bangkrut
1.08
Bangkrut
2010
2011
Z-Score Kriteria Z-Score Kriteria
3.63
Sehat
3.4
Sehat
1.24
Bangkrut
1.09
Bangkrut
0.41
Bangkrut
0.57
Bangkrut
1.1
Bangkrut
0.84
Bangkrut
PT Jaya Agra Wattie Tbk.
1.09
Bangkrut
1.42
Bangkrut
2.08
Grey Area
PT London Sumatera Plantation Tbk.
PT Salim Ivomas Pratama Tbk.
2.43
1.5
Grey Area
Bangkrut
2.78
1.32
Grey Area
Bangkrut
3.3
1.62
Sehat
Bangkrut
PT Sampoerna Agro Tbk.
2.59
Grey Area
2.56
Grey Area
2.57
Grey Area
PT Sinar Mas Agro Tbk.
2.35
Grey Area
2.71
Grey Area
3.52
Sehat
PT Tunas Baru Lampung Tbk.
SEHAT
GREY AREA
BANGKRUT
1.95
Grey Area
1 Perusahaan
4 Perusahaan
5 Perusahaan
1.8
Bangkrut
1 Perusahaan
3 Perusahaan
6 Perusahaan
2.17 Grey Area
3 Perusahaan
3 Perusahaan
4 Perusahaan
7. X- Score
Grafik 4.3
Analisis Kebangkrutan Model Altman
Z-Scare Perusahaan Perkebunan
12
10
8
6
4
2
0
2011 X-Score
2010 X-Score
2009 X-Score
Nama Perusahaan
8. Tabel 4.4
Hasil Prediksi Kebangkrutan
Model Springate
Tahun Sehat
Model Zmijewski
Grey Area Bangkrut Sehat
Model Altman Z-Score
Grey Area Bangkrut Sehat
Grey Area Bangkrut
2009
8
0
2
10
0
0
1
4
5
2010
7
0
3
10
0
0
1
3
6
2011
8
0
2
10
0
0
3
3
4
23
0
7
30
0
0
5
10
15
Jumlah
9. 30
25
20
15
10
5
Model Springate
Model Zmijewski
Model Perhitungan
Bangkrut
Grey Area
Sehat
Bangkrut
Grey Area
Sehat
Bangkrut
Grey Area
0
Sehat
Jumlah Perusahaan
Grafik 4.4
Hasil Prediksi Kebangkrutan
Model Altman ZScore
2009
2010
2011
Jumlah
10. Tabel 4.5
Hasil Test of Homogeneity of Variances
HASIL SKOR
Levene Statistic
1,998
df1
df2
2
Sig.
87
-142
11. Grafik 4.5
Hasil Test of Homogeneity of Variances
2,500
2,000
1,998
Skor
1,500
1,000
Hasil Skor
500
2
0
Levene
Statistic
-500
df1
87
-142
df2
Sig.
Variasi Kelompok Data
12. Tabel 4.6
Hasil Pengujian One Way Anova
ANOVA
HASIL SKOR
Sum of
Squares
Between Groups
Within Groups
Total
Mean
Square
df
346,726
2
95,071
87
441,796
89
F
173,363 158,646
1,093
Sig.
,000
13. Grafik 4.6
Hasil Pengujian One Way Anova
450,000
Nilai signifikasi
400,000
350,000
300,000
Between Groups
250,000
Within Groups
200,000
Total
150,000
100,000
50,000
0
Sum of
Squares
df
Mean
Square
F
Variasi Kelompok Data
Sig.