Assessing the Financial Difficulties by Using Altman Z-Scores Method during Covid - 19 Pandemic. Evidence of PT. Japfa Comfeed Indonesia, Tbk.

PT. Japfa Comfeed Indonesia is the second largest agribusiness company in Indonesia which was established in 1971. It started to register its business on the Indonesia Stock Exchange with the stock code JPFA in Jakarta and Surabaya. Starting from 1982, the Japfa Group has had a business focus on poultry until recent days. Continuing to expand its business, PT Japfa Comfeed Indonesia also conducted an IPO in Singapore in 2014. The company continues to expand its business from upstream to downstream related to poultry. With the additional investment proceeds from an IPO in Singapore in 2014, PT Japfa Comfeed Indonesia has also begun to expand into fish feed and cattle farming. The Strategy went well and now PT. Japfa Comfeed Indonesia posessed Greenfield as one of the top brands in Indonesia. Under the Greenfield brand, Japfa has exported dairy products. Notwithstanding, since the biggest sales contribution for this company is the poultry industry, when the demand for poultry is decelerating and the DOCs are oversupplied, and most of the raw material prices was increased, the cost of the good sold went high significantly. This condition is mostly because of the perpetration of Large-Scale Social Restrictions due to COVID-19. Along with the core business of PT. Japfa Comfeed Indonesia, this journal's limitation is only for Poultry Industry in Indonesia This journal will bandy PT Japfa Comfeed Indonesia's resilience to potential bankruptcy using the Altman Z-Score method and dissect data that has been published on its website in the period 2018 up to 2022.