What type of study is this?

This is a Quantitative Study study.

October 12, 2025

Analisis Potensi Kebangkrutan Perusahaan Menggunakan Metode Altman Z-Score Pada Sektor Properti & Real Estate Yang Terdaftar Di Bursa Efek Indonesia Tahun 2020-2024

Key Points

According to the analysis, 39 companies are in the safe zone, indicating low bankruptcy risk.
The study identifies 10 companies in the gray area, suggesting moderate risk, and 7 in the distress zone, indicating high risk.
Using purposive sampling, 280 units were selected from 56 businesses for this comprehensive analysis.
Findings highlight the crucial role of the Altman Z-Score in corporate risk management and economic stability.

Abstract

Using the Altman Z-Score model, this study attempts to evaluate the bankruptcy risk of real estate and property companies listed on the Indonesia Stock Exchange (IDX) over the 2020–2024 timeframe. Purposive sampling was used to choose 280 analytical units from 56 businesses. According to the findings, 39 businesses are in the safe zone, 10 are in the gray area, and 7 are in the distress zone. This study adds to the body of knowledge on bankruptcy analysis, aids in corporate risk management, acts as a resource for investors, and gives policymakers information on how to preserve housing supply and economic stability. With the most recent data from 2020–2024, the Altman Z-Score model is the only one used in this study.

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Cite This Study

Hadawiah et al. (Wed,) studied this question.

synapsesocial.com/papers/68ebabe3155248a327effd5c https://doi.org/https://doi.org/10.37478/jria.v6i2.6098

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