ANALYSIS OF MANUFACTURING COMPANIES FINANCIAL DISTRESS OF TEXTILE AND GARMENT AND PHARMACEUTICAL COMPANIES LISTED AT INDONESIAN STOCK EXCHANGE

Every company has a mission to achieve its objectives both in terms of profit and also improve overall company performance. There are various ways and model to measure the performance of companies and one of them with a view and analyze corporate financial statements and Springate method is one such model. The method of the study used is descriptive. The data used were secondary data derived from the financial report of Manufacturing Companies of Textile and Garment Sub-Sector and Pharmaceutical Sub-Sector companies from year 2010-2014. The analysis of pair-sample t-test shows that there are significant difference between the S-Score performance of Textile and Garment and Pharmaceutical companies with pharmaceutical companies with the better S-Score performance that leave the pharmaceutical companies in need to evaluate the performance since they are potentially bankrupt based on the S-Score performance.