scholarly journals Analysis of Financial Performance in Restructuring of PT Indonesia Asahan Aluminium (PERSERO) to Mining Industry Holding Company Using the Economic Added Value Approach

2019 ◽  
Author(s):  
Akhmad Fahmi Ridwan ◽  
Isfenti Sadalia ◽  
Yeni Absah
Keyword(s):  
Financial Performance ◽  
Mining Industry ◽  
Added Value ◽  
Holding Company

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 PENGARUH ENVIRONMENTAL COST DAN ENVIRONMENTAL PERFORMANCE TERHADAP FINANCIAL PERFORMANCE (Studi Kasus pada Perusahaan Sektor Pertambangan Peserta PROPER Periode 2012 – 2016)

2019 ◽  
pp. 259
Author(s):  
Lastri Meito Nababan ◽  
Dede Abdul Hasyir
Keyword(s):  
Financial Performance ◽  
Environmental Performance ◽  
Linear Regression Analysis ◽  
Control Variable ◽  
Mining Industry ◽  
Environmental Cost ◽  
Environmental Costs ◽  
Statistical Research ◽  
Bottom Line ◽  
Return On Assets

As a result of their activities, companies are demanded by stakeholders to perform in accordance with the concept of triple bottom line: financial aspects (profit), environment (planet), and social (people). This study aims to examine the effect of environmental costs and environmental performance on the company's financial performance. Environmental costs data are retrieved from the company's sustainability reports, environmental performance is then measured by PROPER ratings, and financial performance is proxied by return on assets (ROA). In addition, company size is employed as control variable. Through purposive sampling method, seven companies were selected in the mining industry sector in the period 2012-2016 as samples. This study uses multiple linear regression analysis to test the hypothesis. The results of the research both simultaneously and partially show that environmental costs and environmental performance have a significant influence on financial performance. It can be concluded that the greater the environmental cost and the better the environmental performance (PROPER) can increase the financial performance (return on assets) of the company. Firm size as a control variable is significantly associated with environmental costs and environmental performance. The hypothesis formulated in this study was accepted and has been supported by statistical research results.

scholarly journals Evaluation of the Financial Performance of Tourism Companies Traded in BIST via a Hybrid MCDM Model

1970 ◽  
Vol 2 (4) ◽  
pp. 20-32
Author(s):  
Ahmet Aytekin
Keyword(s):  
Financial Performance ◽  
Added Value ◽  
Financial Ratios ◽  
Publicly Traded ◽  
Return On Equity ◽  
Coverage Ratio ◽  
Thomson Reuters ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Equity Ratio

Tourism, the smokeless industry, has increasing importance in the development of countries because it creates added-value and employment. In Turkey, one of the World's most visited countries, the importance of this sector makes itself felt in economic crisis periods. On the other hand, in terms of investors, tourism companies always have the potential to be included in their portfolios. In this context, the aim of this study evaluates the financial performances of tourism companies publicly traded in BIST. For this purpose, the data of 2014-2018 were obtained from the Thomson Reuters Datastream database. The current ratio, quick ratio, cash ratio, debt ratio, total debt/equity ratio, net margin, return on equity, interest coverage ratio, total asset turnover, inventory turnover, and receivable turnover were used as financial ratios. The CRITIC method, one of the objective weighting methods, was applied to determine the importance level of financial ratios. A hybrid model consisting of MAUT, PROMETHEE and TOPSIS was used for evaluation of the companies. These techniques are based on different perspectives and algorithms. In this model, Borda was applied for aggregation of each techniques' ranking values. Thus, the financial performance of the tourism companies for the years 2014-2018 was evaluated more effectively. In conclusion, the company with the best financial performance is Marmaris Altınyunus (MAALT) in this period.

scholarly journals The Mediation Effect Firm Performance on Green Innovation and Firm Value: Evidence the Mining Industry

2021 ◽  
Vol 12 (3) ◽  
pp. 1377-1783
Author(s):  
Andi Auliya Ramadhany Et.al
Keyword(s):  
Financial Performance ◽  
Firm Value ◽  
Stock Exchange ◽  
Mining Industry ◽  
Secondary Data ◽  
Total Sample ◽  
Iso 14001 ◽  
Mediation Effect ◽  
Environmental Damage ◽  
Green Innovation

Global warming is currently an issue that is widely discussed of both the accounting literature and others. The topic of environmental performance is gaining increasing attention from academics and politics when it is associated with each country’s policies regarding environmental damage. Purpose: This article to investigate both the direct and indirect the effect of green innovation and firm value on financial performance as mediating variable Design/methodology/approach: The samples in this study are applied using purposive sampling ad obtained total sample of PROPER participating companies listed in Indonesia Stock Exchange during the year of 2012-2018. The data used in this study are secondary data obtained from annual report. Companies are listed on the Indonesia Stock Exchange in mining industry in 2012-2018. The variable green innovation was measured by using PROPER, the financial performance was measured by ROA and the firm value were measured by Tobin’s Q. Data processing uses SEM-PLS with WarpPLS 6.0 with the consideration that SEM-PLS is a reliable tool for testing predictive models. Several studies using capital market data in Indonesia have found data with abnormal distribution, so data using PLS is appropriate. Result of the study: The authors find that the green innovation has a positive effect on the firm value and financial performance full mediate the effect green innovation and firm value. Research limitations: this article only examines green innovation using the PROPER measure while the green innovation measure is thought to be related to company value such as ISO 14001, content analysis is not discussed at all in this article and the research sample is limited to mining companies. This scope may not be able to describe the overall conditions in Indonesia. Originality/value: This study comprehensively examines both direct and indirect effect of green innovation with financial performance and firm value, which is rarely examined in extant studies.

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 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.

scholarly journals Evaluasi Economic Value Added (EVA), Financial Value Added (FVA) dan Market Value Added (MVA) dengan Time Series Approach Sebagai Alat Penilaian Kinerja Keuangan. ( Pada PT. Garuda Indonesia Tbk Periode 2015-2019)

MANAJERIAL ◽  
2021 ◽  
Vol 8 (03) ◽  
pp. 294
Author(s):  
Diyanti Rifal Agustin ◽  
Ni Nyoman Putu Martini ◽  
Tatit Diansari Riskiputri
Keyword(s):  
Time Series ◽  
Financial Performance ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Added Value ◽  
Economic Value Added ◽  
Literature Study ◽  
Time Series Approach ◽  
Market Value Added

Background – Financial performance is a company's work performance that has been achieved in a certain period and can be seen in the financial statements of the company concerned. Financial statement analysis using conventional methods is often used by companies to measure their financial performance, namely financial ratio analysis. PT Garuda Indonesia Tbk, must have the option to create value added or large profits and create or add value to the capital that has been donated to meet the assumptions for financial backers (financial backers or investors). Purpose – Measure financial performance with Economic Value Added (EVA), Financial Value Added (FVA) and Market Value Added (MVA). Design/ Methodology/ Approach – This is a descriptive research with a quantitative approach. Sources of data in this study using external secondary data sources obtained through literature study which is arranged in the form of documents in the form of financial reports. The analysis technique in this study uses Time Series Analysis. Results and Discussion - EVA measurement with a time series approach from 2015-2019 the average EVA is -25,291,800.85, this indicates that the company has not been able to provide added value to shareholders because EVA is negative (EVA<0) so it is said to perform Not Good. Measurement of FVA with a time series approach from 2015-2019 the average FVA is 21,359,193.35, this indicates that the company is able to provide added financial value for companies and investors because the FVA value is Positive (FVA> 0) so it is said to be performing well . MVA measurement with a time series approach from 2015-2019 the average MVA is 9,019.927,024,116, this indicates that the company is able to provide added value because the MVA value is Positive (MVA> 0) so it is said to be performing well. Conclusion – EVA, FVA, and MVA values ​​in 2015 were positive, in 2016 EVA and FVA were negative while MVA was positive, in 2017 EVA was negative while FVA and MVA were positive, in 2018 EVA was negative, FVA and MVA were positive, in 2018 2019 EVA, FVA, and MVA are positive. Research Implications - The research results in this study can be considered by the management of PT Garuda Indonesia in assessing and evaluating the company's financial performance.

scholarly journals Comprehensive evaluation of the financial performance for intermediary institutions based on multi-criteria decision making method

2018 ◽  
Vol 2 (1) ◽  
pp. 37-49 ◽  
Author(s):  
Guler Aras ◽  
Nuray Tezcan ◽  
Ozlem Kutlu Furtuna
Keyword(s):  
Financial Performance ◽  
Capital Markets ◽  
Performance Indicators ◽  
Added Value ◽  
Average Score ◽  
Equal Weight ◽  
Relative Importance ◽  
Topsis Method ◽  
Content Type ◽  
Survey Results

Purpose The purpose of this paper is to assess the financial performance of the intermediary institutions that have operated in the Turkish capital markets taking the issue of bank-origin and non-bank-origin institutions into account. Design/methodology/approach Financial performance of the intermediary institutions has been measured by the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method between the years 2005 and 2016. In order to implement the TOPSIS method, the relative importance of financial performance indicators has been determined by Entropy, survey results and considering equal weights approaches. Findings Empirical findings indicate that the average performances of continuously operating intermediary institutions during the concerned period are above the average performance levels of all intermediaries. Additionally, the average rank of bank-origin intermediary institutions have been found higher than the non-bank origins for all years. This reveals that the average financial performance of the bank-origin intermediary institutions is higher than the average score of non-bank origins during the related years. Originality/value This study is unique in terms of evaluating the performance of intermediary institutions in Turkish capital markets with a comprehensive framework. Determining the relative importance of financial performance indicators according to entropy, survey results and equal-weight approaches and revealing the average financial performance ranking methodology for bank-origin and non-bank-origin intermediary institutions have added value.

New Caledonia, a land of Nickel - Research and innovation acting for the sustainable development

2020 ◽  
Author(s):  
France Bailly
Keyword(s):  
Technology Development ◽  
Social Issues ◽  
New Caledonia ◽  
New Technology ◽  
Mining Industry ◽  
Mineral Resources ◽  
Added Value ◽  
Small Scale ◽  
Cobalt Chromium ◽  
Research Areas

&lt;p&gt;New Caledonia, a French overseas territory, is located in the southwest of the Pacific Ocean, less than 2,000 km from both the Australian and New Zealand coasts. This small archipelago (18,575 km2) presents the third largest nickel deposit in the world and, according to recent estimates, would have more than 25% of the world's nickel resources and about 40% of the world's oxidized mineral resources, together with the presence of cobalt, chromium and manganese. The mining areas, spread over the whole &amp;#8216;Grande Terre&amp;#8217; (mainland), comprise about 250,000 hectares of scattered concessions shared by French and international world scale mining and metallurgic companies and a few other local small-scale miners.&lt;/p&gt;&lt;p&gt;To face the challenges of a &amp;#8220;better way of mining&amp;#8221;, fit the new regulatory requirements and improve mining social acceptability, the mining sector stakeholders decided to create a dedicated resource agency devoted to applied research and technology development in New Caledonia&amp;#8217;s mining industry. Created in 2007, this unique public and private organisation jointly involves all New Caledonian&amp;#8217;s mining companies, political and administrative stakeholders and various scientific research bodies.&lt;/p&gt;&lt;p&gt;Research has focused on three identified areas (technology and mineral resources, natural environment and social issues) to fill on-going gaps in fundamental knowledge, offer and adapt new technology that is relevant to the industry, develop methodology aids, manage knowledge transfer and upgrade practices on the ground. If action of CNRT has effectively added value to New Caledonian research, at the same time it permanently keeps in touch with industry.&lt;/p&gt;&lt;p&gt;A presentation of some of the flagships scientific programs will give an overview of the main achievements in the three research areas with a focus concerning works on asbestos. CNRT started working on the environmental asbestos hazard in New Caledonia since 2010. This public health area is being examined alongside the New Caledonian Geological Survey and the various industry initiatives, such as the Inter-Mine Environmental Asbestos Committee.&lt;/p&gt;&lt;p&gt;&amp;#160;&lt;/p&gt;

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