ANALISIS LAPORAN KEUANGAN DAN INDIKATOR KEBANGKRUTAN UNTUK MENILAI KINERJA KEUANGAN PADA INDUSTRI ROKOK DI BURSA EFEK INDONESIA

Abstract

One way that companies can do to keep the company survive, namely by analyzing the
company's financial statements, which aims to determine the state and financial development of the
company from year to year. The author conducted a study on tobacco industry companies listed on the
stock exchanges of Indonesia.
The method used by researchers in researching this research is by case study method with
data analysis technique using financial ratio method to know the cigarette company's financial position
in Indonesia stock exchange, and bankruptcy method of altman z-score model to know the company's
sustainability whether bankruptcy or no.
From the results of analysis conducted by researchers, showed that of the four tobacco
companies listed on the stock exchanges of Indonesia period 2013 to 2015 the financial position of PT.
HM Sampoerna, Tbk which has good financial performance, and on bankruptcy indicator of PT. Bentoel
Internasional Investama, Tbk which is categorized as bankrupt. Thus, the company is expected to
improve itself by knowing the weaknesses that exist and can immediately make improvements in order
to obtain better results in the coming year.