Financial Performance of Johannesburg Securities Exchange Traded Gold Mining Companies: Du Pont and Economic Value Added Analyses

2019 ◽  
pp. 333-345
Author(s):  
Sihesenkosi Nhleko ◽  
Paskalia Neingo
Keyword(s):  
Financial Performance ◽  
Gold Mining ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Mining Companies

KOMPARASI KINERJA KEUANGAN MELALUI PENDEKATAN ECONOMIC VALUE ADDED (EVA) PADA PERUSAHAAN TRANSPORTASI DI JAKARTA

2018 ◽  
Vol 3 ◽  
pp. 223-232
Author(s):  
Dwi Urip Wardoyo
Keyword(s):  
Financial Performance ◽  
Service Industry ◽  
Economic Value ◽  
Value Added ◽  
Added Value ◽  
Economic Value Added ◽  
Test Analysis ◽  
Transportation Service ◽  
Income Statement

This study aims to compare financial performance through profitability generated by two market participants in the witness transportation service industry in Jakarta, namely PT. BB compared to PT. ETU, this assessment is measured not limited to the profit generated but more than that by measuring financial added value through the concept of Eonomic Value Added produced by the two companies. The population in this study were all taxi transportation service companies in Jakarta. The sampling method selected two taxi companies that have the largest market share in DKI Jakarta, namely BB Taxi and ETU Taxi. The test analysis used in this study is ratio analysis through profit calculation and economic added value from the annual income statement. This study shows that there are (a) determination of the ratio of profit levels, (b) Determination of the comparison of economic value added of the two companies. Keywords :  Financial performance, Economic Value Added (EVA)

scholarly journals ANALISIS ECONOMIC VALUE ADDED (EVA) DAN MARKET VALUE ADDED (MVA) SEBAGAI ALAT UKUR KINERJA KEUANGAN PT GARUDA INDONESIA TBK TAHUN 2017 -2019

2020 ◽  
Vol 2 (1) ◽  
pp. 31-45
Author(s):  
Ferry Irawan ◽  
Nico Yudha Manurung
Keyword(s):  
Financial Performance ◽  
Stock Price ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
The State ◽  
Economic Value Added ◽  
Public Company ◽  
Market Value Added

PT Garuda Indonesia Tbk was one of the state-owned corporation that have go public on Bursa Efek Indonesia (BEI). As a public company, PT Garuda Indonesia should create a good financial performance to attract financier (investor or creditor). The purpose of this study were to measure the financial performance by Economic Value Added (EVA) and Market Value Added (MVA). The result of this study is the company get a negative EVA in 2017 until 2019 which mean the company was not able to create value added for financier. In 2017 and 2018, MVA get a negative value which mean the company was not able to create value added for investor. In 2019, MVA get a positive value because the company’s stock price increased 73% from previous year.PT Garuda Indonesia Tbk merupakan salah satu Badan Usaha Milik Negara (BUMN) yang telah go public di Bursa Efek Indonesia (BEI). Sebagai perusahaan terbuka, PT Garuda Indonesia Tbk harus menciptakan kinerja keuangan yang baik untuk menarik pemodal (investor atau kreditur). Tujuan dari penelitian ini adalah untuk mengukur kinerja keuangan dengan Economic Value Added (EVA) dan Market Value Added (MVA). Hasil penelitian ini adalah perusahaan memperoleh nilai EVA yang negatif pada 2017-2019 yang berarti perusahaan tidak berhasil menciptakan nilai tambah bagi para pemodal. Pada 2017 dan 2018, MVA memperoleh nilai yang negatif yang berarti perusahaan gagal menciptakan nilai tambah pagi para investor. Pada 2019, MVA memperoleh nilai yang positif karena harga saham perusahaan yang meningkat sebesar 73% dari tahun sebelumnya.

scholarly journals Analyzing Islamic Micro Finance Performance with Economic Value Added (EVA): Learning from Baitul Wat Tamwil (BMT) Usaha Gabungan Terpadu Sidogiri Indonesia

2014 ◽  
Vol 2 (2) ◽  
pp. 29
Author(s):  
Titik Inayati ◽  
Bambang Subroto ◽  
Achmad Fachan ◽  
Atim Djazuli
Keyword(s):  
Financial Performance ◽  
Average Cost ◽  
Cost Of Capital ◽  
Economic Value ◽  
Weighted Average ◽  
Value Added ◽  
Economic Value Added ◽  
The Real ◽  
Operating Profit

Analyzing Islamic Micro Finance Performance with Economic Value Added (EVA). EVA analysis is used for deciding the regulations of investment of BMT. Monetary report is analyzed with  EVA, Net Operating Profit After Tax (NOPAT), Weighted Average Cost of Capital (WACC), and Invested Capital. The result of performance using EVA shows that BMT can create value. NOPAT underwent a significant increase compare with the capital fund. The profit that is created is higher than accounting profit which shows that BMT has a very good performance. The capital which is consists of debt and equity has been used efficiently and effectively so that it can increase the profit. The BMT officer should pay attention to the financial performance in order to decide the regulation and investment that will be done. Investment and activity which is done by BMT should be resulted more value so that it can give the real profit for the development of BMT.

scholarly journals ANALISIS PERBANDINGAN ANTARA RASIO KEUANGAN DAN METODE ECONOMIC VALUE ADDED SEBAGAI PENGUKUR KINERJA KEUANGAN PERUSAHAAN (STUDI KASUS PADA PERUSAHAAN ROKOK YANG TERDAFTAR DI BEI PERIODE TAHUN 2012 -2014

2016 ◽  
Vol 1 (01) ◽  
Author(s):  
Any Arisanti ◽  
IBK Bayangkara
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Financial Ratios ◽  
Economic Value Added ◽  
New Approach ◽  
Financial Situation ◽  
The Past

This study aimed to describe and compare the company's financial performance as measured by the method of Economic Value Added (EVA) is a new approach which assesses the company's financial performance by taking into account the expectations of donors, particularly shareholders and creditors. Financial Ratios and analysis to assess the company's financial situation in the past, present and future. The research object is a cigarette company listed on the Stock Exchange in the period 2012 - 2014, that are PT. Gudang Garam Tbk, PT. HM Sampoerna Tbk, PT. Bentoel Internasional Investama Tbk, and PT. Wismilak Inti Makmur, Tbk. This type of research is comparative descriptive, while the data used is secondary data obtained from the Indonesia Stock Exchange. The Results of financial ratios calculation fluctuated every company each year. In the EVA calculation are the average of 2012 - 2014, PT. HM Sampoerna Tbk has the highest EVA value, then PT. Gudang Garam Tbk, hereinafter PT. Bentoel Internasional Investama Tbk and last PT. Wismilak Inti Makmur, Tbk. EVA is always positive (EVA> 0) in 2012-2014 means that the management company is able to create economic value for shareholders, and of course the company's financial performance is also good.Keywords: financial performance, financial ratios, EVA

scholarly journals PERBEDAAN ECONOMIC VALUE ADDED BERDASARKAN SIKLUS HIDUP PERUSAHAAN DAN PASAR

2018 ◽  
Vol 8 (2) ◽  
pp. 393
Author(s):  
Harning Priyastuty ◽  
Bambang Subroto ◽  
Wuryan Andayani
Keyword(s):  
Life Cycle ◽  
Financial Performance ◽  
Economic Value ◽  
External Environment ◽  
Value Added ◽  
Economic Value Added ◽  
Analysis Method ◽  
Strategic Risk ◽  
The Relationship ◽  
Manufacture Company

Abstract. This study aims to examime whether corporate and market life cycle situation have impact on financial performance. The situation that is experienced by company has impact on future financial performance. This matter is due to the risk that is taken by the company to confront that situation. The relationship between risk and return in this study will be explained by prospect theory. This study use the population of manufacture company listed in BEI period 2013-2015. This study use 115 sample of manufacture company. Those samples will be classified based on nine combination of corporate and market life cycle and will be tested with comparative test. The data analysis method of this study is mean rank comparative with kruskal wallis test. The result shows that corporate and market cycle have no impact on future financial performance. The result shows that there is no difference of financial performance based on corporate and market life cycle. This matter is caused by act of determine strategic risk that need a lot of another internal and external environment consideration

scholarly journals ANALISIS KINERJA KEUANGAN DENGAN METODE ECONOMIC VALUE ADDED (EVA) PADA PT. FAST FOOD INDONESIA Tbk.

2019 ◽  
Vol 11 (1) ◽  
pp. 69-74
Author(s):  
Fatichatur Rachmaniyah ◽  
Arief Yuswanto Nugroho
Keyword(s):  
Qualitative Research ◽  
Financial Performance ◽  
Fast Food ◽  
Quantitative Data ◽  
Economic Value ◽  
Value Added ◽  
Added Value ◽  
Economic Value Added ◽  
Data Types ◽  
Research Analysis

This study aims to analyze the financial performance of PT. Fast Food Indonesia in 2013-2017 with the approach of Economic Value Added (EVA). This type of research is descriptive qualitative research with quantitative data types, because this study examines a case at PT. Fast Food Indonesia Tbk which is carried out intensively, deeply and comprehensively. The research analysis of financial performance of PT. Fast Food Indonesia, produces EVA> 0 (positive value), this can be said that the company has good financial performance. However, when viewed from the accumulation of calculation data from the 2013-2017 period, the EVA value fluctuated quite significantly and tended to decline, but it still could produce economic added value.

scholarly journals ANALISIS KINERJA KEUANGAN PT. BANK MUAMALAT INDONESIA, Tbk. PERIODE 2009-2011 (PERBANDINGAN RASIO-RASIO KEUANGAN DAN ECONOMIC VALUE ADDED)

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Nalim Nalim ◽  
Fitriyah Fitriyah
Keyword(s):  
Financial Performance ◽  
Financial Analysis ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Financial Ratio ◽  
The Real ◽  
Ratio Approach ◽  
Performance Results ◽  
Banking Development

The performance of Bank Muamalat Indonesia (BMI) in 2011 increases its value continually for the stakeholders and contributes in national syariah banking development. Therefore, it is very important to analyze the financial performance in order to get the real description of the company. General financial analysis can be conducted by analyzing the financial ratio and Economic Value Added (EVA) approach. The result of the research shows that the best performance of BMI was in 2010 based on CAR and NPM values. According to ROA, ROE, and BOPO indicators, the best performance was in 2011. The EVA analysis shows that EVA value in the period of 2009-2011 was less than zero, which means that the best performance was not in the year. After getting the result of the financial ratio and EVA analysis, there is comparison between the interpretations of those financial performance results. The result of the comparison is significant. By using financial ratio approach, it shows that the bank has good remunerativeness. However, based on EVA analysis, the EVA value is less than zero, which means that BMI performance is not good. It can be concluded that the good performance based on financial ratio may become not good performance if we analyze it using EVA analysis.

scholarly journals Analisis Kinerja Keuangan Pada PT. Bumi Sarana Utama Menggunakan Metode Economic Value Added (EVA)

2021 ◽  
Vol 1 (11) ◽  
pp. 762-775
Author(s):  
Mansurya Mansurya ◽  
Abdi Akbar Idris ◽  
Anwar Anwar
Keyword(s):  
Data Collection ◽  
Capital Structure ◽  
Financial Performance ◽  
Economic Value ◽  
Value Added ◽  
Negative Trend ◽  
Added Value ◽  
Economic Value Added ◽  
Operating Profit ◽  
Operational Activities

This study aims to analyze the financial performance of PT. Bumi Sarana Utama during 2015 to 2019 using the method Economic Value Added (EVA). Data collection used using documentation techniques. The results showed that the value of the Economic Value Added (EVA) of PT. Bumi Sarana Utama during 2015, 2016, 2018, and 2019 was negative (EVA < 0) which means the company is not able to provide or generate economic added value in its operational activities. Even though they had a positive value in 2017, they could no longer maintain this condition in 2018 and 2019. This was due to a consistent decline in operating profit (NOPAT) and changes in the capital structure whose value fluctuated and tended to decline as a result of the changing urgency of asphalt demand. to the concrete and make the EVA value of PT. Bumi Sarana Utama continues to have a negative trend.

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