Sustainability of Fishery Product Processing Industry in Teluk Santong Village using the Altman Method Approach

Authors: Zulkieflimansyah, Muhammad Nurjihadi, Rudi Masniadi, Fitriah Permata Cita, Diah Anggeraini Hasri, Reza Muhammad Rizqi

Country: Indonesia

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Abstract: This study aims to predict the level of sustainability of the fishery product processing industry in Teluk Santong Village. This research is a quantitative study with a descriptive approach. The object of this research is all the fishery product processing industries in Teluk Santong Village, which are as many as six industries. Business sustainability is measured using the Altman method, namely the Z-Score indicator. Based on the research results, it is predicted that the crab, salty and shrimp paste industry is in good health or not bankrupt, the empek-empek and fish cracker industry is predicted to be prone to bankruptcy, while the shredded fish industry is predicted to go bankrupt with a Z-Score of 1.7.

Keywords: Fish processing industry, Altman method, Z-Score

Paper Id: 1319

Published On: 2021-12-15

Published In: Volume 9, Issue 6, November-December 2021

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