Determinasi Financial distress Perusahaan Tekstil dan Garmen di BEI Periode 2020-2024

Abstract

The research investigates the impact of, total asset turnover (TATO), 
sales growth, firm size and current ratio on financial distress, as 
measured by the Altman Z-Score, among textile and garment firms 
traded on the Indonesia Stock Exchange (IDX) from 2020 to 2024. It 
adopts a quantitative approach, relying on secondary data sourced from 
yearly financial reports. Purposive sampling was utilized to choose 12 
firms, initially producing 60 observations. Following outlier detection, 
two outlier data points were removed, resulting in 58 final observations. 
Analysis was conducted via multiple linear regression, assisted by SPSS 
version 26. Results reveal that TATO and the current ratio exert a 
notable influence on the financial distress, while sales growth and 
company size show no significant impact. Collectively, the independent 
variables account for changes in the proxy for financial distress