Bankruptcy Prediction Using the Modified Altman Z-Score Model, Zmijewski XScore Model and Grover G-Score Model in the Feed Sub-Sector Company Livestock Feed Sub-Sector Companies Listed on the IDX Period 2019-2023

Abstract

This research aims to predict bankruptcy using the Modified Altman Z-Score Model, Zmijewski

X-Score Model and Grover G-Score Model in Animal Feed Sub-Sector Companies Listed on the IDX for the 2019-2023 Period. The data used is secondary data originating from the IDX of animal feed sub-sector companies for 2019-2023 using quantitative descriptive analysis techniques as an analysis of investment decision making and as an Early Warning for companies using the Altman Z-Score, Zmijewski, Grover, Springate and Taffler (Empirical Study of Hospitality Companies Listed on the Indonesian Stock Exchange 2021-2022). Based on research conducted by the Central Proteina Prima Tbk (CPRO) Company, the average result was that they entered a dangerous condition (bankruptcy) according to the results of the Modified Altman Z-Score Model, the Zmijewski X-Score Model and the Grover G-Score Model. The Malindo Feedmill Tbk (MAIN) company obtained average results in the vulnerable category according to the Modified Altman Z-Score Model. PT Sreeya Sewu Indonesia Tbk (SIPD) obtained an average result of entering a dangerous condition (Bankrupt) according to the results of the Modified Altman Z-Score Model.