scholarly journals Pengaruh Kinerja Keuangan Terhadap Rate of Return (Studi Empiris Pada Perusahaan Pertambangan Yang Terdaftar di BEI Tahun 2014-2018 )

2020 ◽  
Vol 25 (2) ◽  
pp. 101-117
Author(s):  
Sefka Anggraini Putri ◽  
Reni Oktavia ◽  
Widya Rizki Eka Putri
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Return On Investment ◽  
Economic Value ◽  
Value Added ◽  
Profit Margin ◽  
Rate Of Return ◽  
Economic Value Added ◽  
Net Profit ◽  
Operating Cash Flow

The purpose of this study was to examine the effect of financial performance on the rate of return. The indicators used to measure financial performance are return on investment, net profit margin, earnings per share, operating cash flow, economic value added. This study uses secondary data with a population of companies listed on the Indonesia Stock Exchange (BEI) 2014-2018. The method used to determine the sample using purposive sampling. Consists of 19 industrial mining companies with 56 samples. The analysis method used is multiple regression analysis. The results of hypothesis testing show that the Return on Investment (ROI) has no significant effect on the Rate of Return (ROR), Net Profit Margin (NPM) has significant effect on the Rate of Return (ROR), Earning Per Share (EPS) has no significant effect on the Rate of Return (ROR), Operating Cash Flow(OCF) has no significant effect on the Rate of Return (ROR), Economic Value Added (EVA) has no significant effect on the Rate of Return (ROR)

scholarly journals Analisis Kinerja Keuangan Pt Summarecon Agung Tbk Dan Pt Pakuwon Jati Dengan Menggunakan Metode Du Pont System Dan Analisis Economic Value Added (Eva) Periode 2015-2017

2019 ◽  
Vol 2 (5) ◽  
Author(s):  
Esterlina Angela Juliana
Keyword(s):  
Financial Performance ◽  
Return On Investment ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Analysis Method ◽  
Net Profit ◽  
Asset Turnover ◽  
Analysis System ◽  
Additional Value

Research at PT Summarecon Agung Tbk and PT Pakuwon Jati Tbk, located in Jakarta, aims to assess the financial performance of PT Summarecon Agung Tbk and PT Pakuwon Jati Tbk 2015-2017. The analytical method uses in this research is Du Pont System and Economic Value Added (EVA). Du Pont System is an analysis system intended to show relation between return on investment, net profit margin, and total asset turnover. Economic Value Added (EVA) is an additional value to shareholders by management in a certain period. The result of the calculation of the financial performance of PT Summarecon Agung Tbk year period 2015-2017 with the Du Pont System shows a positive value and tend to increase per year. And for the analysis method of Economic Value Added shows value fluctuation also decrease per year. As for the analysis using the EVA method, the fluctuating value also decreases per year. The results of the calculation of the performance of PT Pakuwon Jati Tbk period in 2015-2017 with Du Pont System showed a positive value and experienced an increase and decrease every year. As for the analysis using the EVA method, the value of fluctuations also decrease and increase every year. In this case, the company needs to improve the efficiency of the company, both PT Summarecon Agung Tbk and PT Pakuwon Jati in utilizing capital and managing assets owned by the company

scholarly journals TINGKAT PENGEMBALIAN INVESTASI PADA CV. INDUSTRI CAHAYA BARU

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Khaerul Iman
Keyword(s):  
Return On Investment ◽  
Economic Value ◽  
Value Added ◽  
Profit Margin ◽  
Total Asset ◽  
Economic Value Added ◽  
Net Profit ◽  
Asset Turnover

Berdasarkan perhitungan Net Profit Margin, CV. Industri Cahaya Baru mampu menghasilkan penjualan dalam menghasilkan laba bersih yaitu 19% pada tahun 2015, tingkat laba terus meningkat ditahun 2016 sebesar 43% ini berarti setiap Rp. 1 penjualan menghasilkan laba bersih sebesar Rp. 0,43, kemudian pada tahun 2017 laba yang dihasilkan mengalami penurunan menjadi 31%. Berdasarkan perhitungan Total Asset Turnover, tingkat kemampuan perputaran aktiva CV. Industri Cahaya Baru terhadap penjualan ditahun 2015 sebesar 73% kemudian pada tahun 2016 sebesar 77% dan pada tahun 2017 mengalami penurunan 33%.Berdasarkan perhitungan Return on Investment (ROI), tingkat ROI yang dihasilkan perusahaan pada tahun 2015 sebesar 14% dan ditahun 2016 perusahaan mampu meningkatkan ROI nya menjadi 77% dan tahun 2017 perusahaan ROI yang dihasilkan perusahaan menurun menjadi 33%. Berdasarkan perhitungan Economic Value Added (EVA) pada tahun 2015 belum bisa memberikan nilai tambah untuk perusahaan sedangkan ditahun 2016 dan 2017 CV. Industri Cahaya Baru memiliki nilai tambah ekonomi yang negatif.

scholarly journals Pengaruh Kinerja Keuangan terhadap Return Saham Perusahaan Property dan Real Estate

2018 ◽  
Vol 6 (2) ◽  
pp. 89
Author(s):  
Luvy Nurfinda ◽  
Lintang Venusita
Keyword(s):  
Stock Return ◽  
Economic Value ◽  
Value Added ◽  
Profit Margin ◽  
Analysis Tool ◽  
Economic Value Added ◽  
Return On Equity ◽  
Earnings Per Share ◽  
Net Profit ◽  
Property Companies

The indicators that often be used as an analysis tool for measuring financial performance are EPS, ROE, and NPM, that measure performance reflecting the company's ability to generate profits and returns on investment firms. Saturated sample method used in this study using a sample of seventeen companies listed in Indonesia Stock Exchange. Hypothesis testing was performed by using the classical assumption test and linear regression analysis.The results of this study showed that the variable of economic value added, earnings per share, and net profit margin had no significant effect on the stock return of the property companies. Meanwhile, the variable of return on equity had a significant effect on the stock return of the property companies. Simultaneously, the analysis results suggested that the variable of economic value added, earnings per share, return on equity, and net profit margin had an influence to the stock returns of 11.9%, while the remaining of 88.1% can be influenced by other factors.

scholarly journals Stock Return Determinants In Stock Market Movements

2021 ◽  
Vol 2 (3) ◽  
pp. 273-280
Author(s):  
Suharmadi SUHARMADI ◽  
Suripto SURIPTO
Keyword(s):  
Cash Flow ◽  
Stock Return ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Residual Income ◽  
Economic Value Added ◽  
Earnings Per Share ◽  
Operating Cash Flow ◽  
Market Value Added

The purpose of this study was to examine the effect of Economic Value Added (EVA), Market Value Added (MVA), Residual Income (RI), Earnings Per Share (EPS) and Operating Cash Flow (OCF) on Stock Returns. Samples used in the study were 22 of LQ-45 index companies listed on the Indonesia Stock Exchange. This study uses multiple linear regression analysis, with partial hypothesis test (t test), simultaneous test (f test), and coefficient of determination (adjusted R). The results of this research indicate that there is an influence from the variable influence of Economic Value Added (EVA), Market Value Added (MVA), Residual Income (RI), Earnings Per Share (EPS) and Operating Cash Flow (OCF) ) towards Stock Return. This is because the company is able to create good performance so that investors can invest in the company.

scholarly journals Analisis Pengaruh Rasio Profitabilitas dan Economic Value Added terhadap Harga Saham pada Sub Sektor Industri Semen yang Terdaftar di Bursa Efek Indonesia

2016 ◽  
Vol 5 (2) ◽  
pp. 139
Author(s):  
Anggita Mugi ◽  
Abdul Kohar Irwanto ◽  
Yusrina Permanasari
Keyword(s):  
Time Series ◽  
Cross Section ◽  
Economic Value ◽  
Value Added ◽  
Profit Margin ◽  
P Value ◽  
Economic Value Added ◽  
Net Profit

<p>Penelitian ini bertujuan untuk mengetahui pengaruh <em>Return </em><em>o</em><em>n Asset (ROA), Return </em><em>o</em><em>n Equity (ROE), Net Profit Margin (NPM)</em><em>, </em><em>Earning Per Share (EPS)</em><em> dan </em><em>Economic Value Added (EVA)</em> terhadap harga saham. Sampel yang digunakan adalah perusahaan sub sektor industri semen yang terdaftar di BEI periode 2009-2011. Variabel independen yang digunakan adalah ROA, ROE, NPM, EPS dan EVA dengan variabel dependennya adalah harga saham. Metode analisis yang digunakan adalah regresi data panel yang meliputi data <em>cross section </em>dan <em>time series</em>. Hasil analisis regresi data panel menunjukkan bahwa secara simultan variabel ROA, ROE, NPM, EPS dan EVA berpengaruh secara signifikan terhadapa harga saham karena nilai p-value (0.000) &lt; alpha (0.05). Sedangkan secara parsial variabel EVA tidak berpengaruh secara signifikan terhadap harga saham karena nilai p-value pada EVA (0.0683) &gt; alpha (0,05) dan variabel ROA, ROE, NPM dan EPS berpengaruh secara parsial terhadap harga saham dengan nilai p-value berturut-turut sebesar (0.0002; 0.0013; 0.0008; 0.000). Hasil uji analisis koefisien determinasi adalah sebesar 95.51% hal ini bahwa variabel independen yang ada pada regresi ini mampu menjelaskan sebesar 95.51% dan sisanya 4.49% kemungkinan dijelaskan oleh faktor lain yang tidak dijelaskan ke dalam model ini.</p><em>Kata kunci : ROA, ROE, NPM, EPS, EVA,  Harga Saham</em>

scholarly journals PENGARUH RETURN ON ASSET, RETURN ON EQUITY, ECONOMIC VALUE ADDED DAN NET PROFIT MARGIN TERHADAP HARGA SAHAM DI BURSA EFEK INDONESIA (STUDI PADA PERUSAHAAN REAL ESTATE & PROPERTY) PERIODE 2012-2016

2020 ◽  
Vol 26 (1) ◽  
pp. 205-217
Author(s):  
Irma Dwi Puspita Dewi
Keyword(s):  
Real Estate ◽  
Economic Value ◽  
Value Added ◽  
Profit Margin ◽  
Economic Value Added ◽  
Asset Return ◽  
Return On Equity ◽  
Purposive Sampling ◽  
Net Profit ◽  
Estate Property

Penelitian berjudul “Pengaruh Return On Asset, Return On Equity, Economic Value Added Dan Net Profit Margin Terhadap Harga Saham Di Bursa Efek Indonesia” penelitian ini membahas pengaruh yang diberikan oleh Return On Asset, Return On Equity, Economic Value Added Dan Net Profit Margin Terhadap Harga Saham tujuan penelitian ini adalah : (1) untuk menentukan secara parsial apakah ROA, ROE, EVA dan NPM memiliki pengaruh signifikan terhadap harga saham perusahaan real estate and property periode 2012 – 2016. (2) untuk menentukan secara bersamaan apakah ROA, ROE, EVA dan NPM memiliki pengaruh signifikan terhadap harga saham perusahaan real estate and property periode 2012 – 2016 jumlah sempel adalah diambil dengan menggunakan metode purposive sampling yang di peroleh 25 perusahaan yang termasuk kedalam kriteria. Anasis data menggunakan teknik analisi regrisi linier berganda dengan asumsi klasik normalitas auto korelasi, multikolinieritas dan heteroskedasitas. Kesimpulan dari penelitian ini berdasarkan pada uji simultan (uji f) dan uji parsial (uji t) dengan signifikasi 5%. Berdasarkan analisis, menyimpulkan bahwa secara parsial berpengaruh tidak signifikan dan secara simultan Return On Asset, Return On Equity, Economic Value Added dan Net Profit Margin memiliki pengaruh yang signifikan 0,002 terhadap harga saham dengan koefisien determinasi 0,566%. Ini menunjukan bahwa 0,566% harga saham dijelaskan oleh lima variabel independen dan selanjutnya dijelaskan oleh variabel lain yang tidak termasuk dalam penelitian ini.Kata kunci : Return On Asset, Return On Equity, Economic Value Added,Net Profit Margin dan Harga Saham

scholarly journals Evaluasi Kinerja Keuangan Sebelum dan Sesudah Akuisisi Menggunakan Profitabilitas

2019 ◽  
Vol 10 (1) ◽  
pp. 8
Author(s):  
Muhammad Hamdan Sayadi
Keyword(s):  
Financial Performance ◽  
Economic Value ◽  
Value Added ◽  
Profit Margin ◽  
Ratio Analysis ◽  
Economic Value Added ◽  
Financial Ratio ◽  
Financial Report ◽  
Study Approach ◽  
Before And After

<p align="center"><strong>A</strong><strong>BSTRACT</strong></p><p><em>The objective of this research aims to evaluate of financial performance the acquirer company before and after acquisition and company condition after acquisition that being evaluated with Economic Value Added (EVA) method. This study was classified as a descriptive study with case study approach. Data collection was collected by documentation method in the form of annual financial report of PT Elang Mahkota Teknologi Tbk. in the period of three years before acquisition and four years after acquisition (2009-2015). </em><em>R</em><em>atio analysis were used as evaluation tools on this research. Ratio analysis used the profitability ratio.</em><em> </em><em>Ratio analysis results showed that profitability ratios have increased after the acquisition.  </em><em>Profit margin ratio before acquisition have increased from 0,06 in 2009 to 0,15 in 2010. Profit margin ratio PT Elang Mahkota Teknologi Tbk also have increased after acquisition from 0,15 in 2010 to 0,29 in 2015. Before acquisition, ROA PT Elang Mahkota Teknologi Tbk have increased from 0,04 in 2009 to 0,12 in 2010. And then, ROA have decreased to 0,11 after acquisition. ROE PT Elang Mahkota Teknologi Tbk have increased before acquisition from 0,06 in 2009 to 0,16 in 2010. But ROE have decreased to 0,12 after acquisition. </em><em>Based on the research results, financial performance of PT Elang Mahkota Teknologi Tbk. after acquisition is better than before the acquisition period</em><em>.</em></p><p><strong><em>Keywords :</em></strong><em> Financial performance, Economic Value Added, Financial ratio</em></p><p align="center"><strong>ABSTRAK</strong></p><p><em>Penelitian ini bertujuan untuk mengevaluasi kinerja keuangan perusahaan pengakuisisi sebelum dan setelah akuisisi dan kondisi perusahaan pengakuisisi setelah akuisisi yang dievaluasi dengan menggunakan metode nilai tambah. Studi ini tergolong sebagai penelitian deskriptif dengan pendekatan studi kasus. Pengumpulan data dilakukan dengan metode dokumentasi berupa laporan keuangan tahunan PT Elang Mahkota Teknologi Tbk. periode tiga tahun sebelum dan empat tahun setelah akuisisi (2009-2015). Alat evaluasi yang digunakan ialah analisis rasi. Analisis rasio yang digunakan dalam penelitian ini ialah rasio profitabilitas</em><em>. </em><em>Pada rasio profit margin periode sebelum akuisisi mengalami peningkatan dari 0,06 pada tahun 2009 menjadi 0,15 pada tahun 2010. Profit margin PT Elang Mahkota Teknologi Tbk terus mengalami peningkatan pada periode setelah akuisisi hingga mencapai 0,29 pada tahun 2015.</em><em> </em><em>Pada periode sebelum akuisisi nilai ROA mengalami peningkatan dari 0,04 pada tahun 2009 menjadi 0,12 pada tahun 2010. ROA meningkat karena meningkatnya laba bersih sehingga kemampuan pengembalian aktivanya juga menjadi semakin kuat. Akan tetapi pada periode setelah akuisisi ROA perusahaan mengalami penurunan menjadi sebesar 0,11 pada tahun 2015. Penurunan tersebut menunjukkan bahwa efisiensi dan efektivitas pengelolaan aset tidak lebih baik daripada periode sebelum akuisisi.</em><strong><em> </em></strong><em>Pada periode sebelum akuisisi nilai ROE mengalami peningkatan dari 0,06 pada tahun 2009 menjadi 0,16 pada tahun 2010. Akan tetapi pada periode setelah akuisisi ROE perusahaan mengalami penurunan menjadi sebesar 0,12 pada tahun 2015. Peningkatan dan penurunan ROE dikarenakan mengikuti kenaikan dan penurunan laba bersih perusahaan.</em><strong><em> </em></strong><em>Berdasarkan hasil penelitian, kinerja keuangan PT Elang Mahkota Teknologi Tbk setelah akuisisi lebih baik dibandingkan periode sebelum akuisisi.</em></p><strong><em>Kata kunci</em></strong><em>: Kinerja keuangan, Economic Value Added, rasio keuangan.</em>

scholarly journals Strategic Financial Performance Evaluation of the Iranian automotive industry Using Imperialist competitive Algorithm

2015 ◽  
Vol 1 (2) ◽  
Author(s):  
Meysam Kaviani ◽  
Maziyar Yazdani
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Performance Indicators ◽  
Economic Value ◽  
Value Added ◽  
Imperialist Competitive Algorithm ◽  
Free Cash Flow ◽  
Economic Value Added ◽  
Competitive Algorithm ◽  
True Value

Purpose. This paper evaluates strategic financial performance of 10 Iranian stock exchange listed automotive companies over the period 2005-2009 at the hand of value-creating performance indicators and the Free Cash Flow derived value indicators.Design. To this effect, profiting from the Imperialist Competitive Algorithm (ICA), the understudy companies were assigned to three clusters in terms of debt structure, firm size, and growth opportunitiesFindings. The results, in general, indicate a significant correlation between value-based indicators Economic Value Added (EVA) and True Value Added (TVA) and the FCF-derived indicators Created Value from Free Cash Flow to Firm (CVFCFF) and Created Value from Free Cash Flow to Equity (CVFCFE), and between Market Value Added (MVA) and CVFCFF (one of the two FCF-derived indicators), while, according to the results, there is no significant correlation between the value-driven performance indicators Refined Economic Value Added (REVA) and Equity Economic Value Added (EEVA) and either of the FCF-derived indicators CVFCFF and CVFCFE.Originality. Present Paper, by company clustering in ICA environment, the companies are clustered based on their close similarity in all three criteria and subsequently for examination of each strategic performance indicator were subjected to correlation and Fisher (F) tests.

scholarly journals The information content of economic value added, residual income, earnings and operating cash flow: evidence from South African industrial shares

2010 ◽  
Vol 7 (3) ◽  
pp. 454-464 ◽  
Author(s):  
Pierre Erasmus
Keyword(s):  
Information Content ◽  
Cash Flow ◽  
Economic Value ◽  
Value Added ◽  
Performance Measure ◽  
Residual Income ◽  
Economic Value Added ◽  
Significant Information ◽  
Operating Cash Flow ◽  
Level Of Significance

Proponents of the value based financial performance measure of Economic Value Added (EVA) argue that it is a major improvement over other traditional measures. This study investigates the relationship between EVA and market-adjusted share returns, and compares it to that of residual income, earnings and operating cash flow. Relative information content tests suggest that earnings have the strongest relationship with share returns. The results from the incremental information content tests indicate that although the EVA components provide statistically significant information content beyond that provided by residual income, the level of significance is low.

TINJAUAN KOMPARASI KINERJA KEUANGAN BANK SYARIAH MELALUI PENDEKATAN ECONOMIC VALUE ADDED (EVA)

2016 ◽  
Vol 1 (1) ◽  
pp. 49-60
Author(s):  
Rachma Zannati ◽  
Dwi Urip Wardoyo
Keyword(s):  
Financial Performance ◽  
Return On Investment ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Added Value ◽  
Islamic Banking ◽  
Economic Value Added ◽  
Test Analysis ◽  
Competition Level

This study aims to determine (a) What degree of financial performance of Islamic Banking through EVA approach with samples of the two largest Islamic banks, namely PT. Bank Syariah Mandiri and PT. Bank Muamalat Indonesia, and (b) how the competition level of return on investment returns through the value of EVA in two of the company's competitors. The population in this study were all Islamic banking companies listed in Indonesia Stock Exchange. Test analysis used in this study is to test the calculation of economic value added. This study shows that (a) The level of financial performance that has economic value to the PT. Bank Syariah Mandiri and (b) the level of financial performance that has economic value to the PT. Bank Muamalat Indonesia. In addition, the competition level of return on investment to the two banks showed that each bank is able to provide economic added value for its stakeholders with the same degree of movement. Keywords: Economic Value Added (EVA), Financial Performance

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