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64

Lampiran 2
Data perusahaan yang mengalami financial distress
NO KODE TAHUN ICR Y KETERANGAN
2013 2,5166 0 Sehat
2014 -6,6576 1 Financial Distress
1 ADMG 2015 -6,4618 1 Financial Distress
2016 -7,1525 1 Financial Distress
2017 -4,0380 1 Financial Distress
2013 19,3990 0 Sehat
2014 -55,0673 1 Financial Distress
2 ARGO 2015 -21,7914 1 Financial Distress
2016 -20,5858 1 Financial Distress
2017 -5,1774 1 Financial Distress
2013 1,7173 0 Sehat
2014 4,0646 0 Sehat
3 ERTX 2015 7,0868 0 Sehat
2016 3,4996 0 Sehat
2017 -0,5918 1 Financial Distress
2013 -66,7453 1 Financial Distress
2014 -41,5323 1 Financial Distress
4 ESTI 2015 -5,4051 1 Financial Distress
2016 -3,2063 1 Financial Distress
2017 -5,0120 1 Financial Distress
2013 -226,5674 1 Financial Distress
2014 -48,5042 1 Financial Distress
5 HDTX 2015 -11,8395 1 Financial Distress
2016 -0,7545 1 Financial Distress
2017 -1,4333 1 Financial Distress
2013 1,5732 0 Sehat
2014 0,6397 1 Financial Distress
6 INDR 2015 -1,9895 1 Financial Distress
2016 0,6222 1 Financial Distress
2017 1,1681 0 Sehat
2013 -0,1463 1 Financial Distress
2014 -1,3008 1 Financial Distress
7 MYTX 2015 -1,7683 1 Financial Distress
2016 -0,9676 1 Financial Distress
2017 -1,2424 1 Financial Distress
8 PBRX 2013 3,6310 0 Sehat
65

NO KODE TAHUN ICR Y KETERANGAN


2014 2,0058 0 Sehat
2015 2,3566 0 Sehat
2016 2,6612 0 Sehat
2017 1,5885 0 Sehat
2013 -5,2227 1 Financial Distress
2014 -21,2362 1 Financial Distress
9 POLY 2015 -2,9731 1 Financial Distress
2016 -1,6472 1 Financial Distress
2017 -0,3031 1 Financial Distress
2013 2,6481 0 Sehat
2014 1,3171 0 Sehat
10 RICY 2015 1,8779 0 Sehat
2016 1,0954 0 Sehat
2017 1,5162 0 Sehat
2013 93,1783 0 Sehat
2014 154,9791 0 Sehat
11 SRIL 2015 22,6280 0 Sehat
2016 30,5753 0 Sehat
2017 28,7667 0 Sehat
2013 -0,1012 1 Financial Distress
2014 -0,7603 1 Financial Distress
12 SSTM 2015 -0,7608 1 Financial Distress
2016 -0,7327 1 Financial Distress
2017 -0,8342 1 Financial Distress
2013 1,5166 0 Sehat
2014 1,6077 0 Sehat
13 STAR 2015 1,3136 0 Sehat
2016 1,2582 0 Sehat
2017 1,2934 0 Sehat
2013 -8,2627 1 Financial Distress
2014 -4,2828 1 Financial Distress
14 TFCO 2015 -0,6196 1 Financial Distress
2016 46,3582 0 Sehat
2017 80,0762 0 Sehat
2013 10,3947 0 Sehat
2014 8,5650 0 Sehat
15 TRIS
2015 6,0154 0 Sehat
2016 4,4191 0 Sehat
66

NO KODE TAHUN ICR Y KETERANGAN


2017 3,0284 0 Sehat
2013 1,2250 0 Sehat
2014 1,2925 0 Sehat
16 UNIT 2015 1,0359 0 Sehat
2016 1,0668 0 Sehat
2017 1,0535 0 Sehat
Jumlah Sampel 80
Sampel mengalami financial distress (Y=1) 40
Sampel tidak mengalami financial distress (Y=0) 40
Sumber: Data sekunder (diolah)
67

Lampiran 3

Data Interest Coverage Ratio, Financial Distress, Current Asset, Debt to Asset

Ratio, Total Turnover, Return on Asset, dan Return on Equity

No KodeTahun ICR FD CR DR TATO ROA ROE


2013 2,5166 0 2,6354 0,4304 0,9012 0,0262 0,0062
2014 -6,6576 1 2,5509 0,3672 0,9636 -0,0734 -0,0838
1 ADMG 2015 -6,4618 1 2,5552 0,3625 0,7402 -0,0689 -0,0902
2016 -7,1525 1 1,8588 0,3555 0,7351 -0,0738 -0,0838
2017 -4,0380 1 2,1524 0,3596 0,9492 -0,0314 -0,0361
2013 19,3990 0 0,6762 0,9511 0,7189 -0,0061 0,0481
2014 -55,0673 1 0,4099 1,1488 0,7188 -0,2288 1,3977
2 ARGO 2015 -21,7914 1 0,2939 1,2430 0,3475 -0,0902 0,3448
2016 -20,5858 1 0,3135 1,4906 0,4190 -0,2316 0,4512
2017 -5,1774 1 0,1843 1,7343 0,3384 -0,1563 0,2057
2013 1,7173 0 1,0074 0,7840 1,2457 0,0197 0,0727
2014 4,0646 0 1,0029 0,7470 1,1681 0,0477 0,1890
3 ERTX 2015 7,0868 0 1,2582 0,6766 1,3055 0,1004 0,3074
2016 3,4996 0 1,2686 0,6202 1,3398 0,0412 0,0780
2017 -0,5918 1 1,0393 0,6983 1,2095 -0,0302 -0,0986
2013 -66,7453 1 0,8629 0,5941 0,6690 -0,0901 -0,6405
2014 -41,5323 1 0,7067 0,6624 0,6779 -0,1025 -0,2718
4 ESTI 2015 -5,4051 1 0,6748 0,7709 0,6506 -0,1210 -0,8051
2016 -3,2063 1 1,3794 0,6733 0,7114 0,0622 0,1936
2017 -5,0120 1 0,9417 0,7610 0,5706 -0,0359 -0,1157
-
2013 226,5674 1 0,4491 0,7010 0,4441 -0,1257 -0,3071
2014 -48,5042 1 0,9735 0,8568 0,2782 -0,0253 -0,1712
5 HDTX
2015 -11,8395 1 0,7534 0,7138 0,2873 -0,0739 -0,2548
2016 -0,7545 1 0,6807 0,7516 0,3472 -0,1070 -0,3340
2017 -1,4333 1 0,2287 0,9173 0,3205 -0,1737 -2,5396
2013 1,5732 0 1,1104 0,5956 0,9841 0,0053 0,0025
2014 0,6397 1 1,0957 0,6002 0,9874 0,0042 0,0006
6 INDR 2015 -1,9895 1 1,0798 0,6502 0,8506 -0,0137 0,0360
2016 0,6222 1 1,0879 0,6646 0,8200 0,0075 0,0051
2017 1,1681 0 1,0417 0,6447 0,9723 0,0148 0,0079
2013 -0,1463 1 0,4799 1,0506 0,9065 -0,0108 0,5901
7 MYTX 2014 -1,3008 1 0,4250 1,1331 1,0425 -0,0923 0,5844
2015 -1,7683 1 0,3453 1,2921 0,9727 -0,1713 0,4646
68

No Kode Tahun ICR FD CR DR TATO ROA ROE


2016 -0,9676 1 0,4214 1,5711 0,8006 -0,2456 0,3854
2017 -1,2424 1 0,4651 0,8991 0,4743 -0,0896 -0,8207
2013 3,6310 0 3,3490 0,5805 1,4510 0,0544 0,1064
2014 2,0058 0 3,8217 0,4516 0,9217 0,0352 0,0463
8 PBRX 2015 2,3566 0 3,5984 0,5126 0,9452 0,0260 0,0399
2016 2,6612 0 3,7614 0,5618 0,9282 0,0352 0,0584
2017 1,5885 0 4,5808 0,5905 0,9581 0,0191 0,0333
2013 -5,2227 1 0,2073 3,3518 1,6045 -0,1035 0,0363
2014 -21,2362 1 0,1574 4,3011 1,7924 -0,2959 0,0878
9 POLY 2015 -2,9731 1 0,1123 4,9803 1,6648 -0,0501 0,0192
2016 -1,6472 1 0,1064 5,0561 1,5391 -0,0302 0,0127
2017 -0,3031 1 0,1116 5,0733 1,7128 -0,0042 0,0047
2013 2,6481 0 1,7659 0,6578 0,8867 0,0146 0,0127
2014 1,3171 0 1,3283 0,6670 1,0115 0,0193 0,0388
10 RICY 2015 1,8779 0 1,1856 0,6661 0,9273 0,0187 0,0337
2016 1,0954 0 1,1487 0,6799 0,9479 0,0181 0,0340
2017 1,5162 0 1,1885 0,6870 1,1644 0,0188 0,0385
2013 93,1783 0 1,0492 0,5866 1,1924 0,0965 0,1561
2014 154,9791 0 5,3938 0,6688 0,8429 0,0944 0,2180
11 SRIL 2015 22,6280 0 4,8118 0,6467 0,8060 0,0824 0,2011
2016 30,5753 0 3,0602 0,6504 0,7179 0,0697 0,1793
2017 28,7667 0 3,6820 0,6293 0,6366 0,0605 0,1539
2013 -0,1012 1 1,3143 0,6630 0,7155 -0,0209 -0,0489
2014 -0,7603 1 1,1993 0,6235 0,6719 -0,0237 -0,0359
12 SSTM 2015 -0,7608 1 1,2639 0,6160 0,7012 -0,0187 -0,0377
2016 -0,7327 1 1,1746 0,6337 0,6722 -0,0288 -0,0662
2017 -0,8342 1 1,7078 0,6492 0,5677 -0,0513 -0,1116
2013 1,5166 0 1,8712 0,3464 0,3658 0,0085 0,0012
2014 1,6077 0 1,7427 0,3683 0,2946 0,0087 0,0010
13 STAR 2015 1,3136 0 1,8089 0,3283 0,3552 0,0036 0,0006
2016 1,2582 0 1,9993 0,2900 0,1876 0,0086 0,0009
2017 1,2934 0 2,7704 0,2024 0,1863 0,0077 0,0012
2013 -8,2627 1 1,6078 0,1939 0,8427 -0,0278 -0,0322
2014 -4,2828 1 1,8441 0,1576 0,8269 -0,0149 -0,0160
14 TFCO 2015 -0,6196 1 3,0340 0,0941 0,5861 -0,0021 -0,0057
2016 46,3582 0 3,2346 0,0952 0,5783 0,0145 0,0214
2017 80,0762 0 3,3853 0,1101 0,6540 0,0186 0,0111
15 TRIS 2013 10,3947 0 2,3758 0,3646 1,4934 0,1432 0,1596
69

No Kode Tahun ICR FD CR DR TATO ROA ROE


2014 8,5650 0 2,0231 0,4088 1,4309 0,0928 0,1184
2015 6,0154 0 1,8875 0,4268 1,4969 0,0874 0,1138
2016 4,4191 0 1,6417 0,4581 1,4099 0,0750 0,0727
2017 3,0284 0 1,9226 0,3463 1,4199 0,0401 0,0399
2013 1,2250 0 0,4031 0,4728 0,2219 0,0095 0,0034
2014 1,2925 0 0,4507 0,4501 0,2326 0,0127 0,0015
16 UNIT 2015 1,0359 0 0,5962 0,4724 0,2568 0,0036 0,0016
2016 1,0668 0 0,6486 0,4363 0,2405 0,0044 0,0035
2017 1,0535 0 0,7390 0,4248 0,2421 0,0036 0,0043
70

Lampiran 4

Perhitungan Interest Coverage Ratio Penentuan Financial Distress

No Kode Tahun Laba Operasional Beban Bunga ICR FD


2013 14.718.267 5.848.585 2,5166 0
2014 (34.229.828) 5.141.441 -6,6576 1
1 ADMG 2015 (28.922.199) 4.475.871 -6,4618 1
2016 (28.114.407) 3.930.713 -7,1525 1
2017 (11.751.064) 2.910.132 -4,0380 1
2013 4.871.798 251.136 19,3990 0
2014 (23.822.205) 432.602 -55,0673 1
2 ARGO 2015 (8.335.226) 382.500 -21,7914 1
2016 (23.531.220) 1.143.082 -20,5858 1
2017 (10.781.108) 2.082.350 -5,1774 1
2013 1.581.918 921.186 1,7173 0
2014 3.455.056 850.027 4,0646 0
3 ERTX 2015 6.110.029 862.176 7,0868 0
2016 3.175.793 907.478 3,4996 0
2017 (685.272) 1.157.894 -0,5918 1
2013 (5.362.187) 80.338 -66,7453 1
2014 (5.872.579) 141.398 -41,5323 1
4 ESTI 2015 (5.735.837) 1.061.187 -5,4051 1
2016 (2.120.638) 661.400 -3,2063 1
2017 (1.933.948) 385.864 -5,0120 1
2013 (283.989.192.006) 1.253.442.506 -226,5674 1
2014 (101.142.729.533) 2.085.235.636 -48,5042 1
5 HDTX 2015 (332.544.044) 28.087.572 -11,8395 1
2016 (221.500.546) 293.556.419 -0,7545 1
2017 (403.811.582) 281.729.603 -1,4333 1
2013 4.121.542 2.619.773 1,5732 0
2014 3.242.178 5.068.276 0,6397 1
6 INDR 2015 (11.014.487) 5.536.215 -1,9895 1
2016 6.362.848 10.226.947 0,6222 1
2017 11.879.895 10.170.530 1,1681 0
2013 (13.784) 94.232 -0,1463 1
2014 (142.836) 109.807 -1,3008 1
7 MYTX 2015 (223.343) 126.306 -1,7683 1
2016 (147.128) 152.052 -0,9676 1
2017 (132.539) 106.682 -1,2424 1
71

No Kode Tahun Laba Operasional Beban Bunga ICR FD


2013 18.776.793 5.171.185 3,6310 0
2014 13.438.647 6.699.800 2,0058 0
8 PBRX 2015 17.140.227 7.273.181 2,3566 0
2016 22.002.358 8.267.766 2,6612 0
2017 28.026.885 17.644.091 1,5885 0
2013 (19.849.057) 3.800.564 -5,2227 1
2014 (81.670.954) 3.845.845 -21,2362 1
9 POLY 2015 (11.647.347) 3.917.611 -2,9731 1
2016 (6.978.741) 4.236.619 -1,6472 1
2017 (983.840) 3.246.037 -0,3031 1
2013 116.228.330.066 43.891.865.800 2,6481 0
2014 62.555.933.806 47.496.961.567 1,3171 0
10 RICY 2015 100.075.117.538 53.291.912.699 1,8779 0
2016 67.199.557.128 61.345.447.564 1,0954 0
2017 98.068.638.527 64.681.012.582 1,5162 0
2013 63.846.255 685.205 93,1783 0
2014 94.361.638 608.867 154,9791 0
11 SRIL 2015 98.089.078 4.334.845 22,6280 0
2016 115.452.490 3.776.000 30,5753 0
2017 134.681.905 4.681.869 28,7667 0
2013 (3.484.385.880) 34.428.421.509 -0,1012 1
2014 (24.249.961.314) 31.897.061.304 -0,7603 1
12 SSTM 2015 (22.355.081.158) 29.383.232.655 -0,7608 1
2016 (21.393.443.783) 29.197.549.835 -0,7327 1
2017 (21.551.113.157) 25.834.739.449 -0,8342 1
2013 38.108.034.356 25.128.060.691 1,5166 0
2014 35.580.193.767 22.130.653.727 1,6077 0
13 STAR 2015 36.482.453.295 27.773.858.002 1,3136 0
2016 28.894.310.072 22.964.795.252 1,2582 0
2017 20.974.673.995 16.216.272.397 1,2934 0
2013 (9.023.109) 1.092.030 -8,2627 1
2014 (4.183.955) 976.920 -4,2828 1
14 TFCO 2015 (269.825) 435.483 -0,6196 1
2016 4.696.964 101.319 46,3582 0
2017 5.962.794 74.464 80,0762 0
2013 63.537.646.219 6.112.499.801 10,3947 0
15 TRIS 2014 53.521.363.622 6.248.812.680 8,5650 0
2015 60.428.931.664 10.045.629.035 6,0154 0
72

No Kode Tahun Laba Operasional Beban Bunga ICR FD


2016 46.830.132.329 10.597.287.529 4,4191 0
2017 33.408.621.080 11.031.788.024 3,0284 0
2013 26.489.083.562 21.624.403.545 1,2250 0
2014 31.001.487.977 23.984.880.924 1,2925 0
16 UNIT 2015 31.359.702.808 30.272.095.518 1,0359 0
2016 26.199.071.646 24.559.654.922 1,0668 0
2017 26.886.083.202 25.519.603.182 1,0535 0
73

Lampiran 5

Perhitungan Likuiditas

No Kode Tahun Aktiva Lancar Hutang Lancar Likuiditas


2013 242.818.736 92.136.958 2,6354
2014 171.561.893 67.254.242 2,5509
1 ADMG 2015 151.004.588 59.097.702 2,5552
2016 132.444.530 71.253.970 1,8588
2017 149.564.786 69.487.329 2,1524
2013 51.774.370 76.565.524 0,6762
2014 29.249.998 71.365.284 0,4099
2 ARGO 2015 22.091.948 75.179.215 0,2939
2016 27.866.276 88.889.274 0,3135
2017 20.198.775 109.578.487 0,1843
2013 18.105.441 17.972.500 1,0074
2014 19.764.834 19.707.005 1,0029
3 ERTX 2015 26.716.146 21.234.332 1,2582
2016 21.464.176 16.919.686 1,2686
2017 28.014.261 26.955.857 1,0393
2013 37.434.687 43.380.430 0,8629
2014 32.593.816 46.119.257 0,7067
4 ESTI 2015 26.441.855 39.186.759 0,6748
2016 27.019.321 19.587.421 1,3794
2017 25.494.309 27.072.234 0,9417
2013 450.028.533 1.002.119.789 0,4491
2014 497.447.948 510.983.514 0,9735
5 HDTX 2015 626.813.312 831.964.891 0,7534
2016 582.043.492 855.007.042 0,6807
2017 247.829.628 1.083.630.250 0,2287
2013 337.542.879 303.975.683 1,1104
2014 308.525.436 281.571.764 1,0957
6 INDR 2015 291.289.581 269.756.997 1,0798
2016 291.246.185 267.722.306 1,0879
2017 279.538.915 268.358.401 1,0417
2013 514.300 1.071.645 0,4799
2014 581.717 1.368.816 0,4250
7 MYTX 2015 493.634 1.429.422 0,3453
2016 360.309 854.929 0,4214
2017 764.428 1.643.507 0,4651
74

No Kode Tahun Aktiva Lancar Hutang Lancar Likuiditas


2013 170.214.582 50.826.017 3,3490
2014 284.235.425 74.373.175 3,8217
8 PBRX 2015 310.551.201 86.301.441 3,5984
2016 386.571.023 102.772.612 3,7614
2017 439.005.319 95.835.481 4,5808
2013 234.349.453 1.130.351.073 0,2073
2014 177.420.399 1.126.846.196 0,1574
9 POLY 2015 123.771.540 1.101.821.058 0,1123
2016 118.020.699 1.108.697.962 0,1064
2017 124.065.058 1.111.724.364 0,1116
2013 837.614.380.166 474.339.811.104 1,7659
2014 845.372.465.085 636.410.615.756 1,3283
10 RICY 2015 851.477.572.604 718.198.051.081 1,1856
2016 943.936.823.539 821.755.111.705 1,1487
2017 1.037.820.994.280 873.224.844.013 1,1885
2013 192.152.619 183.143.613 1,0492
2014 326.243.695 60.484.971 5,3938
11 SRIL 2015 323.137.765 67.155.331 4,8118
2016 378.025.198 123.527.900 3,0602
2017 645.050.740 175.187.960 3,6820
2013 415.053.316.392 315.809.046.109 1,3143
2014 398.785.346.285 332.510.082.788 1,1993
12 SSTM 2015 377.298.634.946 298.508.103.736 1,2639
2016 330.396.510.184 281.293.937.955 1,1746
2017 311.547.858.348 182.421.582.456 1,7078
2013 419.709.950.355 224.298.901.387 1,8712
2014 457.148.015.947 262.328.823.129 1,7427
13 STAR 2015 412.696.940.471 228.149.112.195 1,8089
2016 386.235.136.503 193.182.418.174 1,9993
2017 321.284.372.984 115.972.411.559 2,7704
2013 103.820.655 64.572.902 1,6078
2014 87.715.665 47.564.965 1,8441
14 TFCO 2015 70.935.722 23.380.573 3,0340
2016 85.721.387 26.501.119 3,2346
2017 106.148.204 31.355.898 3,3853
2013 370.108.336.797 155.782.307.471 2,3758
15 TRIS 2014 387.852.596.236 191.709.343.326 2,0231
2015 428.277.334.914 226.897.001.062 1,8875
75

No Kode Tahun Aktiva Lancar Hutang Lancar Likuiditas


2016 462.578.104.758 281.765.921.952 1,6417
2017 356.846.493.425 185.606.885.071 1,9226
2013 86.197.112.290 213.861.401.763 0,4031
2014 87.589.595.022 194.344.206.162 0,4507
16 UNIT 2015 127.287.422.486 213.482.744.909 0,5962
2016 119.703.443.513 184.553.791.533 0,6486
2017 132.822.954.660 179.729.679.061 0,7390
76

Lampiran 6
Data Perhitungan Variabel Leverage
No Kode Tahun Total Hutang Total Aktiva Debt Ratio
2013 241.318.355 560.736.233 0,4304
2014 171.154.595 466.066.555 0,3672
1 ADMG 2015 152.242.537 420.010.232 0,3625
2016 135.389.017 380.847.522 0,3555
2017 134.518.424 374.110.303 0,3596
2013 168.017.855 176.649.313 0,9511
2014 167.532.841 145.830.402 1,1488
2 ARGO 2015 161.898.278 130.251.771 1,2430
2016 173.148.791 116.157.533 1,4906
2017 170.755.921 98.459.842 1,7343
2013 35.865.198 45.746.063 0,7840
2014 34.808.645 46.600.202 0,7470
3 ERTX 2015 35.854.739 52.990.761 0,6766
2016 32.657.714 52.658.997 0,6202
2017 41.381.863 59.258.870 0,6983
2013 43.752.845 73.651.605 0,5941
2014 46.135.188 69.644.499 0,6624
4 ESTI 2015 43.813.196 56.837.316 0,7709
2016 33.281.750 49.433.362 0,6733
2017 46.846.685 61.559.548 0,7610
2013 1.669.081.092 2.381.070.075 0,7010
2014 3.619.720.129 4.224.585.356 0,8568
5 HDTX 2015 3.482.406.080 4.878.367.904 0,7138
2016 3.565.112.660 4.743.579.758 0,7516
2017 3.701.551.196 4.035.086.385 0,9173
2013 459.002.203 770.685.981 0,5956
2014 468.077.935 779.850.123 0,6002
6 INDR 2015 521.371.212 801.864.505 0,6502
2016 560.630.496 843.581.694 0,6646
2017 515.802.535 800.108.471 0,6447
2013 2.202.243 2.096.272 1,0506
2014 2.314.207 2.042.336 1,1331
7 MYTX 2015 2.512.252 1.944.326 1,2921
2016 2.544.730 1.619.757 1,5711
2017 3.109.652 3.458.737 0,8991
8 PBRX 2013 135.923.758 234.129.394 0,5805
77

No Kode Tahun Total Hutang Total Aktiva Debt Ratio


2014 165.851.644 367.277.907 0,4516
2015 226.984.420 442.841.222 0,5126
2016 291.866.255 519.506.767 0,5618
2017 338.555.397 573.351.293 0,5905
2013 1.180.556.313 352.217.872 3,3518
2014 1.184.395.880 275.371.910 4,3011
9 POLY 2015 1.157.901.961 232.495.236 4,9803
2016 1.168.715.677 231.149.516 5,0561
2017 1.174.807.927 231.566.955 5,0733
2013 730.079.862.973 1.109.903.410.262 0,6578
2014 781.749.249.068 1.172.012.468.004 0,6670
10 RICY 2015 798.114.824.380 1.198.193.867.892 0,6661
2016 876.184.855.001 1.288.683.925.066 0,6799
2017 944.179.416.586 1.374.444.788.282 0,6870
2013 269.084.595 458.690.770 0,5866
2014 467.433.129 698.865.904 0,6688
11 SRIL 2015 506.605.558 783.346.730 0,6467
2016 616.060.202 947.169.710 0,6504
2017 750.742.209 1.192.901.038 0,6293
2013 531.613.892.867 801.866.397.035 0,6630
2014 482.402.845.488 773.663.346.934 0,6235
12 SSTM 2015 444.640.955.651 721.863.265.285 0,6160
2016 411.713.925.506 649.654.335.962 0,6337
2017 393.177.629.585 605.643.301.307 0,6492
2013 259.578.391.395 749.402.740.231 0,3464
2014 285.744.500.913 775.917.827.931 0,3683
13 STAR 2015 239.344.544.398 729.020.553.284 0,3283
2016 200.161.402.637 690.187.353.961 0,2900
2017 124.422.750.504 614.705.038.056 0,2024
2013 70.144.848 361.697.441 0,1939
2014 53.649.427 340.314.626 0,1576
14 TFCO 2015 29.644.011 315.020.865 0,0941
2016 30.667.954 322.283.946 0,0952
2017 36.461.388 331.168.426 0,1101
2013 173.336.060.248 475.381.602.732 0,3646
2014 213.369.013.290 521.920.090.728 0,4088
15 TRIS
2015 245.138.356.170 574.346.433.075 0,4268
2016 293.073.984.034 639.701.164.511 0,4581
78

No Kode Tahun Total Hutang Total Aktiva Debt Ratio


2017 188.736.733.204 544.968.319.987 0,3463
2013 217.066.445.190 459.103.410.809 0,4728
2014 198.280.335.744 440.522.832.644 0,4501
16 UNIT 2015 217.565.067.467 460.539.382.206 0,4724
2016 188.891.359.540 432.913.180.372 0,4363
2017 181.126.294.572 426.384.622.878 0,4248
79

Lampiran 7
Data Perhitungan Variabel Aktivitas
Total Asset
No Kode Tahun Penjualan Total Aktiva
Turnover
2013 505.319.535 560.736.233 0,9012
2014 449.082.197 466.066.555 0,9636
1 ADMG 2015 310.873.522 420.010.232 0,7402
2016 279.954.690 380.847.522 0,7351
2017 355.097.424 374.110.303 0,9492
2013 126.985.752 176.649.313 0,7189
2014 104.819.253 145.830.402 0,7188
2 ARGO 2015 45.264.061 130.251.771 0,3475
2016 48.669.832 116.157.533 0,4190
2017 33.318.959 98.459.842 0,3384
2013 56.984.140 45.746.063 1,2457
2014 54.432.884 46.600.202 1,1681
3 ERTX 2015 69.181.934 52.990.761 1,3055
2016 70.555.051 52.658.997 1,3398
2017 71.671.310 59.258.870 1,2095
2013 49.271.615 73.651.605 0,6690
2014 47.215.086 69.644.499 0,6779
4 ESTI 2015 36.980.479 56.837.316 0,6506
2016 35.164.569 49.433.362 0,7114
2017 35.125.240 61.559.548 0,5706
2013 1.057.343.006 2.381.070.075 0,4441
2014 1.175.464.357 4.224.585.356 0,2782
5 HDTX 2015 1.401.541.455 4.878.367.904 0,2873
2016 1.647.106.585 4.743.579.758 0,3472
2017 1.293.363.942 4.035.086.385 0,3205
2013 758.439.121 770.685.981 0,9841
2014 769.992.311 779.850.123 0,9874
6 INDR 2015 682.041.230 801.864.505 0,8506
2016 691.758.965 843.581.694 0,8200
2017 777.925.055 800.108.471 0,9723
2013 1.900.302 2.096.272 0,9065
2014 2.129.058 2.042.336 1,0425
7 MYTX 2015 1.891.190 1.944.326 0,9727
2016 1.296.753 1.619.757 0,8006
2017 1.640.409 3.458.737 0,4743
80

Total Asset
No Kode Tahun Penjualan Total Aktiva
Turnover
2013 339.723.836 234.129.394 1,4510
2014 338.529.242 367.277.907 0,9217
8 PBRX 2015 418.575.192 442.841.222 0,9452
2016 482.204.159 519.506.767 0,9282
2017 549.355.786 573.351.293 0,9581
2013 565.142.440 352.217.872 1,6045
2014 493.567.021 275.371.910 1,7924
9 POLY 2015 387.053.770 232.495.236 1,6648
2016 355.758.940 231.149.516 1,5391
2017 396.618.468 231.566.955 1,7128
2013 984.185.102.135 1.109.903.410.262 0,8867
2014 1.185.443.580.242 1.172.012.468.004 1,0115
10 RICY 2015 1.111.051.293.008 1.198.193.867.892 0,9273
2016 1.221.519.096.811 1.288.683.925.066 0,9479
2017 1.600.432.168.098 1.374.444.788.282 1,1644
2013 546.960.954 458.690.770 1,1924
2014 589.089.425 698.865.904 0,8429
11 SRIL 2015 631.342.874 783.346.730 0,8060
2016 679.939.490 947.169.710 0,7179
2017 759.349.865 1.192.901.038 0,6366
2013 573.748.747.725 801.866.397.035 0,7155
2014 519.854.661.831 773.663.346.934 0,6719
12 SSTM 2015 506.180.498.366 721.863.265.285 0,7012
2016 436.691.203.876 649.654.335.962 0,6722
2017 343.842.837.211 605.643.301.307 0,5677
2013 274.141.734.113 749.402.740.231 0,3658
2014 228.622.027.943 775.917.827.931 0,2946
13 STAR 2015 258.967.329.940 729.020.553.284 0,3552
2016 129.480.611.941 690.187.353.961 0,1876
2017 114.496.159.735 614.705.038.056 0,1863
2013 304.797.227 361.697.441 0,8427
2014 281.414.730 340.314.626 0,8269
14 TFCO 2015 184.645.789 315.020.865 0,5861
2016 186.376.830 322.283.946 0,5783
2017 216.591.205 331.168.426 0,6540
2013 709.945.585.382 475.381.602.732 1,4934
15 TRIS
2014 746.828.922.732 521.920.090.728 1,4309
81

Total Asset
No Kode Tahun Penjualan Total Aktiva
Turnover
2015 859.743.472.895 574.346.433.075 1,4969
2016 901.909.489.240 639.701.164.511 1,4099
2017 773.806.956.330 544.968.319.987 1,4199
2013 101.886.214.646 459.103.410.809 0,2219
2014 102.448.044.300 440.522.832.644 0,2326
16 UNIT 2015 118.260.140.704 460.539.382.206 0,2568
2016 104.109.821.503 432.913.180.372 0,2405
2017 103.245.048.266 426.384.622.878 0,2421
82

Lampiran 8
Data Perhitungan Return on Asset
Laba Sebelum
No Kode Tahun Pajak Total Aktiva ROA
2013 14.718.267 560.736.233 0,0262
2014 (34.229.828) 466.066.555 -0,0734
1 ADMG 2015 (28.922.199) 420.010.232 -0,0689
2016 (28.114.407) 380.847.522 -0,0738
2017 (11.751.064) 374.110.303 -0,0314
2013 (1.071.406) 176.649.313 -0,0061
2014 (33.371.726) 145.830.402 -0,2288
2 ARGO 2015 (11.751.962) 130.251.771 -0,0902
2016 (26.905.935) 116.157.533 -0,2316
2017 (15.393.626) 98.459.842 -0,1563
2013 899.536 45.746.063 0,0197
2014 2.223.041 46.600.202 0,0477
3 ERTX 2015 5.322.411 52.990.761 0,1004
2016 2.171.613 52.658.997 0,0412
2017 (1.791.906) 59.258.870 -0,0302
2013 (6.637.653) 73.651.605 -0,0901
2014 (7.138.388) 69.644.499 -0,1025
4 ESTI 2015 (6.874.844) 56.837.316 -0,1210
2016 3.076.681 49.433.362 0,0622
2017 (2.211.156) 61.559.548 -0,0359
2013 (299.183.734) 2.381.070.075 -0,1257
2014 (107.081.231) 4.224.585.356 -0,0253
5 HDTX 2015 (360.662.432) 4.878.367.904 -0,0739
2016 (507.462.413) 4.743.579.758 -0,1070
2017 (700.884.530) 4.035.086.385 -0,1737
2013 4.121.542 770.685.981 0,0053
2014 3.242.178 779.850.123 0,0042
6 INDR 2015 (11.014.487) 801.864.505 -0,0137
2016 6.362.848 843.581.694 0,0075
2017 11.879.895 800.108.471 0,0148
2013 (22.623) 2.096.272 -0,0108
2014 (188.528) 2.042.336 -0,0923
7 MYTX 2015 (333.141) 1.944.326 -0,1713
2016 (397.809) 1.619.757 -0,2456
2017 (309.809) 3.458.737 -0,0896
83

Laba Sebelum
No Kode Tahun Pajak Total Aktiva ROA
2013 12.745.579 234.129.394 0,0544
2014 12.914.827 367.277.907 0,0352
8 PBRX 2015 11.494.810 442.841.222 0,0260
2016 18.281.164 519.506.767 0,0352
2017 10.954.185 573.351.293 0,0191
2013 (36.465.504) 352.217.872 -0,1035
2014 (81.489.940) 275.371.910 -0,2959
9 POLY 2015 (11.647.347) 232.495.236 -0,0501
2016 (6.978.741) 231.149.516 -0,0302
2017 (983.840) 231.566.955 -0,0042
2013 16.199.072.002 1.109.903.410.262 0,0146
2014 22.627.245.189 1.172.012.468.004 0,0193
10 RICY 2015 22.397.841.356 1.198.193.867.892 0,0187
2016 23.362.443.531 1.288.683.925.066 0,0181
2017 25.808.846.585 1.374.444.788.282 0,0188
2013 44.242.884 458.690.770 0,0965
2014 65.959.193 698.865.904 0,0944
11 SRIL 2015 64.584.701 783.346.730 0,0824
2016 66.027.791 947.169.710 0,0697
2017 72.141.142 1.192.901.038 0,0605
2013 (16.784.886.997) 801.866.397.035 -0,0209
2014 (18.297.519.612) 773.663.346.934 -0,0237
12 SSTM 2015 (13.506.190.184) 721.863.265.285 -0,0187
2016 (18.713.585.127) 649.654.335.962 -0,0288
2017 (31.048.829.703) 605.643.301.307 -0,0513
2013 6.375.056.383 749.402.740.231 0,0085
2014 6.775.346.163 775.917.827.931 0,0087
13 STAR 2015 2.646.564.128 729.020.553.284 0,0036
2016 5.929.514.820 690.187.353.961 0,0086
2017 4.758.401.598 614.705.038.056 0,0077
2013 (10.069.962) 361.697.441 -0,0278
2014 (5.077.763) 340.314.626 -0,0149
14 TFCO 2015 (667.079) 315.020.865 -0,0021
2016 4.682.190 322.283.946 0,0145
2017 6.143.762 331.168.426 0,0186
2013 68.073.504.325 475.381.602.732 0,1432
15 TRIS 2014 48.442.710.589 521.920.090.728 0,0928
2015 50.169.354.682 574.346.433.075 0,0874
84

Laba Sebelum
No Kode Tahun Pajak Total Aktiva ROA
2016 47.947.291.257 639.701.164.511 0,0750
2017 21.833.987.786 544.968.319.987 0,0401
2013 4.368.738.552 459.103.410.809 0,0095
2014 5.614.786.742 440.522.832.644 0,0127
16 UNIT 2015 1.661.391.489 460.539.382.206 0,0036
2016 1.915.481.905 432.913.180.372 0,0044
2017 1.539.428.122 426.384.622.878 0,0036
85

Lampiran 9
Daftar Perhitungan Variabel Return on Equity
Laba Setelah
No Kode Tahun Pajak Total Modal ROE
2013 1.977.901 319.417.878 0,0062
2014 (24.707.195) 294.911.960 -0,0838
1 ADMG 2015 (24.161.214) 267.767.695 -0,0902
2016 (20.569.761) 245.458.505 -0,0838
2017 (8.637.865) 239.591.879 -0,0361
2013 415.265 8.631.458 0,0481
2014 (30.333.897) (21.702.439) 1,3977
2 ARGO 2015 (10.912.669) (31.646.507) 0,3448
2016 (25.717.177) (56.991.258) 0,4512
2017 (14.871.847) (72.296.079) 0,2057
2013 717.943 9.880.865 0,0727
2014 2.229.034 11.791.557 0,1890
3 ERTX 2015 5.267.289 17.136.022 0,3074
2016 1.559.355 20.001.283 0,0780
2017 (1.762.477) 17.877.008 -0,0986
2013 (6.670.600) 10.413.969 -0,6405
2014 (6.389.449) 23.509.311 -0,2718
4 ESTI 2015 (10.485.191) 13.024.120 -0,8051
2016 3.127.492 16.151.612 0,1936
2017 (1.702.399) 14.712.863 -0,1157
2013 (218.654.504) 711.988.983 -0,3071
2014 (103.565.969) 604.865.227 -0,1712
5 HDTX 2015 (355.659.019) 1.395.961.824 -0,2548
2016 (393.567.637) 1.178.467.098 -0,3340
2017 (847.049.209) 333.535.189 -2,5396
2013 770.219 311.683.778 0,0025
2014 198.662 311.772.188 0,0006
6 INDR 2015 10.108.133 280.493.293 0,0360
2016 1.456.742 282.951.198 0,0051
2017 2.259.101 284.305.936 0,0079
2013 (61.111) (103.557) 0,5901
2014 (157.088) (268.780) 0,5844
7 MYTX 2015 (263.871) (567.926) 0,4646
2016 (356.491) (924.973) 0,3854
2017 (286.485) 349.085 -0,8207
86

Laba Setelah
No Kode Tahun Pajak Total Modal ROE
2013 10.449.408 98.205.636 0,1064
2014 9.326.612 201.426.263 0,0463
8 PBRX 2015 8.621.497 215.856.802 0,0399
2016 13.286.218 227.640.512 0,0584
2017 7.816.516 234.795.896 0,0333
2013 (30.061.931) (828.338.441) 0,0363
2014 (79.800.458) (909.023.970) 0,0878
9 POLY 2015 (17.786.672) (925.406.725) 0,0192
2016 (11.868.369) (937.566.161) 0,0127
2017 (4.408.564) (943.340.972) 0,0047
2013 4.840.205.736 379.823.547.289 0,0127
2014 15.124.699.961 390.263.218.936 0,0388
10 RICY 2015 13.465.713.464 400.079.043.512 0,0337
2016 14.033.426.519 412.499.070.065 0,0340
2017 16.558.562.698 430.265.371.696 0,0385
2013 29.595.892 189.577.424 0,1561
2014 50.453.108 231.432.775 0,2180
11 SRIL 2015 55.663.929 276.741.172 0,2011
2016 59.365.690 331.109.508 0,1793
2017 68.035.320 442.158.829 0,1539
2013 (13.228.135.718) 270.252.504.168 -0,0489
2014 (14.048.178.774) 391.360.501.447 -0,0359
12 SSTM 2015 (10.462.177.146) 277.222.309.634 -0,0377
2016 (15.752.958.422) 237.940.410.456 -0,0662
2017 (23.709.833.744) 212.465.671.723 -0,1116
2013 569.455.861 488.622.288.042 0,0012
2014 481.696.033 488.916.261.367 0,0010
13 STAR 2015 306.885.570 489.676.008.886 0,0006
2016 462.555.306 490.025.951.324 0,0009
2017 594.726.798 490.282.287.552 0,0012
2013 (9.402.083) 291.552.593 -0,0322
2014 (4.575.132) 286.665.199 -0,0160
14 TFCO 2015 (1.634.800) 285.376.854 -0,0057
2016 6.227.268 291.615.992 0,0214
2017 3.272.209 294.707.038 0,0111
2013 48.195.237.468 302.045.542.484 0,1596
15 TRIS 2014 36.522.815.125 308.551.077.438 0,1184
2015 37.448.445.764 329.208.076.905 0,1138
87

Laba Setelah
No Kode Tahun Pajak Total Modal ROE
2016 25.213.015.324 346.627.180.477 0,0727
2017 14.198.889.550 356.231.586.783 0,0399
2013 831.855.726 242.036.965.620 0,0034
2014 352.883.734 242.242.496.901 0,0015
16 UNIT 2015 385.953.128 242.974.314.739 0,0016
2016 860.775.733 244.021.820.832 0,0035
2017 1.062.124.056 245.258.328.306 0,0043

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