ANALISIS FINANCIAL DISTRESS DENGAN MENGGUNAKAN METODE FULMER PADA PT BORNEO OLAH SARAN SUKSES TBK PERIODE 2021-2022

Abstract

Unstable economic conditions can force companies to manage resources effectively and efficiently, one of the causes of economic instability due to the era of globalization. One example of a company's incompetence can be seen in its financial condition where the costs incurred in the long term by the company are greater than the level of income. The condition of the company's inability can cause financial distress. Financial distress is a broad concept that consists of several situations where a company faces financial difficulties.

The objectives of this research are: 1 To determine and analyze levels financial distress PT. Borneo Olah Sarana Sukses Tbk for the 2021 period using the fulmer method. 2) To find out and analyze levels financial distress PT. Borneo Olah Sarana Sukses Tbk for the 2022 period using the fulmer method.

The theory which used in this research was  financial management, especially financial reports, financial performance, financial ratios and fulmer method. This research is conducted at PT. Borneo Olah Sarana Sukses Tbk and is focused on bankruptcy prediction analysis using the fulmer method. Data which  collection techniques use library research. The data used in this research was financial report data in the form of reports of financial position, profit and loss and cash flow. The analytical tool used is the H-Score analysis fulmer method.

The research results showed that 1) PT Borneo Olah Sarana Sukses Tbk did not experience any problems for the 2021 period financial distress if measured by the fulmer method because PT Borneo Olah Sarana Sukses Tbk saw an increase in sales. 2) PT Borneo Olah Sarana Sukses Tbk did not experience any problems for the 2022 period financial distress if it is measured by the fulmer method because it is based on the results of ratio analysis Sales To Total Asset PT Borneo Olah Sarana Sukses Tbk in 2022 would experience an increase compared to the previous year.