scholarly journals Analysis of Financial Performance Based on Financial Ratio and Economic Value Added

2019 ◽  
Vol 2 (2) ◽  
pp. 115-122
Author(s):  
Evi Wardah Saniyah Maulidya ◽  
Agus Sukoco ◽  
Joko Suyono ◽  
Damarsari Ratnasahara Elisabeth
Keyword(s):  
Financial Performance ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Financial Ratio

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 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>

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 Liquidity – Profitability Relationship Analysed Once Again. The Case Of Poland

2016 ◽  
Vol 12 (7) ◽  
pp. 33
Author(s):  
Rafal Wolski ◽  
Monika Bolek
Keyword(s):  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Financial Ratio ◽  
Cash Conversion Cycle ◽  
Statistical Measures ◽  
Dynamic Measures

In this article, a study on relationship between liquidity and profitability of an enterprise are presented. Besides traditional measures of liquidity and profitability, the analysis takes account also of dynamic measures, i.e. the cash conversion cycle and the economic value added. The authors demonstrated that the lack of cohesion in the theory in the case of statistical measures may result from the certain snapshot effect, whereas the analysis of dynamic measures allows the interpretation of ratios consistent with the theory. This article also presents EVA (Economic Value Added) as a financial ratio for the calculation of which not all accounting corrections proposed so far must be used.

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

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