ANALYSIS PREDICTION BANKRUPTCY ON PT BLUE BIRD TBK

Abstract

This study utilizes a quantitative descriptive approach to assess how the Springate Method, Zmijewski Method, and Grover Method evaluate bankruptcy at PT Blue Bird Tbk over a period of six years from 2016 to 2021. The research gathered secondary data through financial statements sourced from the official website www.bluebirdgroup.com. When applying the Springate method to PT Blue Bird Tbk’s financial condition from 2016 to 2021, it was found that in 2016 and 2018, the company was in a risky situation, while in 2017, it was financially healthy and not at risk of bankruptcy. The Zmijewski method revealed that throughout the six years from 2016 to 2021, PT Blue Bird Tbk did not face bankruptcy. According to the Grover method, the analysis for the same period also indicated that PT Blue Bird Tbk was not bankrupt. The company faced vulnerability in 2016 and 2018, but in 2017, it was in good health, showing no bankruptcy indicators. From 2019 to 2021, the Springate method indicated bankruptcy, confirming its reliability in assessing the company's financial situation. Conversely, the assessments made using the Zmijewski and Grover methods indicated that during the period from 2016 to 2021, PT Blue Bird Tbk remained financially strong.