Analysis of Financial Performance Based on Altman (Z-Score) at Danu Jaya Savings and Loan Cooperative, Tabanan Regency

Kusuma, I Gede Made Reza Natha and Masih, Ni Ketut and Karma, I Gede Made (2022) Analysis of Financial Performance Based on Altman (Z-Score) at Danu Jaya Savings and Loan Cooperative, Tabanan Regency. Repositori Politeknik Negeri Bali.

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Abstract

The economic sector is one of the sectors affected by the Corona Virus Disease 2019 (COVID-19) pandemic. One of the organizations from the economic sector that was most affected was the Danu Jaya Savings and Loans Cooperative. To find out the ability of the Danu Jaya Savings and Loans Cooperative to survive until now, it is necessary to know the performance of the Danu Jaya Savings and Loans Cooper-ative. This study focuses on how the performance of the Danu Jaya Savings and Loans Cooperative is measured using the modified At-lman (Z-score) method. This study uses quantitative research methods. The variable in this study is the financial performance of the Danu Jaya Savings and Loans Cooperative with data collection techniques are interviews and documentation. The data analysis technique in this study is the Modified Altman (Z-score) method. The results of this study indicate that the financial performance of the Danu Jaya Savings and Loans Cooperative based on the Altman (Z-score) analysis in 2019 is at the standard of avoiding bankruptcy with a value above 2.6, namely in 2019 it was 2.70. However, in 2020 and 2021 the financial performance of the Danu Jaya Savings and Loans Coopera-tive showed a Z-Score of 2.28 in 2020 and 2.41 in 2021. This indicates that the condition of the Danu Jaya Savings and Loan Cooperative's financial performance is in the zone prone to bankruptcy because the Z-Score obtained between 1.1 and 2.6.

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