scholarly journals ANALISIS PERBANDINGAN KINERJA KEUANGAN ANTARA BANK CENTRAL ASIA DAN BANK NEGARA INDONESIA BERDASARKAN METODE ECONOMIC VALUE ADDED (EVA) DAN MARKET VALUEADDED (MVA) PADA TAHUN 2011-2015

2019 ◽  
Author(s):  
Jack Tri Saputra ◽  
Aminar Sutra Dewi
Keyword(s):  
Data Analysis ◽  
Financial Performance ◽  
Central Asia ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Financial Statements ◽  
Descriptive Study ◽  
Economic Value Added ◽  
Analysis Method

This study aims to determine the performance of Bank BCA and Bank BNI using EVA and MVA during the years 2011 to 2015. The study was categorized as a comparative descriptive study. The author chose a sample of a population’s financial statements, issued by PT Bank Central Asia Tbk and PT Bank Negara Indonesia Tbk. The data used are secondary data with engineering documentation. Data analysis method used is Independent Sample T-test. The results showed that there is no difference in financial performance by using thr method EVA and MVA at the Bank BCA with the Bank BNI. From result of the data processing found value t tabel > t hitung that is 2,306 > 1,549 for variables EVA and 2,306 > -2,024 for variables MVA.

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 ANALISIS VALUASI SAHAM BUMN MENGGUNAKAN METODE DIVIDEND DISCOUNTED MODEL DAN ECONOMIC VALUE ADDED

2021 ◽  
Vol 17 (2) ◽  
pp. 115-128
Author(s):  
Irvan Liunardi Senjaya
Keyword(s):  
Intrinsic Value ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Financial Statements ◽  
Financial Statement ◽  
Economic Value Added ◽  
Financial Statement Analysis ◽  
Book Value ◽  
Value Added Model

This research is aimed at analyzing the valuation of BUMN shares with the dividend discounted model and economic value added model. This study is also aimed to teach early or novice investors about financial statement analysis, which contains information about companies' finances and companies' actions in the following years. Financial statement analysis is not limited to the Price-to-Earnings Ratio (P/E Ratio) and Price-to-Book Value (PBV). There are various analyses that can be used, such as the dividend discounted model aiming to find the company's intrinsic value and economic value added aiming to find economic value that will benefit investors. For this research, the researchers need 12 state-owned-enterprises (SOEs) to be used as samples and secondary data. The data used for this research are financial statements (2015-2019 period) and dividends per share (2015-2019 period). The data used were obtained before the event of CoVID-19. The results show that from the dividend discounted model and economic value added, 7 out of 12 SOEs are undervalued and have economic value for investors.             

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 ECONOMIC VALUE ADDED (EVA) SEBAGAI PENGUKURAN KINERJA KEUANGAN PADA INDUSTRI TELEKOMUNIKASI SUATU ANALISIS EMPIRIK

2018 ◽  
Vol 1 (1) ◽  
pp. 101-119
Author(s):  
Trinik Susmonowati
Keyword(s):  
Financial Performance ◽  
Stock Price ◽  
Cost Of Capital ◽  
Economic Value ◽  
Value Added ◽  
Financial Statements ◽  
Capital Cost ◽  
Economic Value Added ◽  
The Impact ◽  
A Company

The company's performance has always been measured based on financial ratios for a certain period. Measurement based on financial ratios is very dependent on the accounting treatment used in the preparation of corporate financial statements. The purpose of a company that is only oriented to the achievement of profits as big as when it is no longer relevant today. Therefore the responsibility of the company not only to the shareholders, but to all stakeholders. Performance appraisal of a company is very important that the assessment process must be in line with the effectiveness and efficiency in achieving competitive advantage in the business world. Since the last ten years has developed a new approach in assessing the financial performance of companies known as Economic Value Added (EVA). EVA model comes from the concept of capital cost (cost of capital), which is the risk faced by the company in making investments. The concept of Economic Value Added (EVA) as an alternative to performance measurement based on the value (EVA) is an approach in assessing the performance of the company by paying fair attention to the expectations of funders or investors. EVA is the profit left behind after deducting the capital cost (cost of capital) invested to generate the profit. Positive EVA values can be interpreted that the company's management has created value (creating value). Conversely, if the value of negative EVA means that there is no economic value added into the company. The goal to be achieved by the authors in this study is To determine the financial performance of Telecommunications Company in review of Economic Value Edded (EVA). And To know Which Telecommunication Company that provides better economic value.This research used qualitative analysis. The qualitative analysis method is used to interpret and analyze the result of EVA calculation, that is to measure the added value of the company by calculating all capital cost, either the capital contribution from the shareholder or from the loan, or the risk faced by the company in making the investment. To measure the company's performance required financial report data in the form of income statement and balance sheet, JCI, stock price and SBI rate data. Data Collection Procedure is the data of financial statements of companies from the telecommunications industry listed on the Indonesia Stock Exchange in the period 2005-2009, obtained from www.idx.co.id. Monthly monthly stock price index (IHSG) monthly from 2005-2009, interest rate of 12 month time deposit from 2005-2009 and stock price data used since 2005.The results show that only PT Telekomunikasi Indonesia Tbk alone can generate positive EVA, while PT Indosat Tbk and PT Bakrie Telecom Tbk generate negative EVA. Negative EVA values are caused by several factors, among others: because of the significant increase in fuel prices, followed by inflation and rising interest rates affecting people's purchasing power, rising capital costs and operational costs of both companies, the impact of the 2008 global financial crisis that affected on declining stock value and the impact of tariff war between telecommunication companies where telephone tariffs are lower and the decline in long distance call rates affects the telecommunication company's operating revenues.

scholarly journals Analisis pengaruh economic value added (EVA), capital structure, total assets turnover dan current ratio terhadap kinerja keuangan pada perusahaan sektor industri dasar dan kimia yang terdaftar di BEI pada Tahun 2017-2019

2021 ◽  
Vol 16 (3) ◽  
pp. 517-526
Author(s):  
Joey Rizky Lombogia Lombogia ◽  
Yois Nelsari Malau ◽  
Faradiva Rosadi ◽  
Angel Grace Monica N
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Economic Value ◽  
Value Added ◽  
Financial Statements ◽  
Considerable Effect ◽  
Economic Value Added ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Substantial Impact

This presentation intends to analyze and assess the effect of economic value-added, capital structure, total assets turnover, and current ratio on financial performance. The sample is 39, multiplied by three years, so that the number of observations is 117. The techniques and data used are a purposive sampling of the IDX financial statements from the 2017-2019 period. Partially the economic value-added, capital structure, current ratio are not significant. There is no significant effect while TATO has a substantial impact on financial performance in manufacturing companies in 2017-2019. It can be concluded that EVA and DER CR have no considerable effect while TATO was a significant influence in 2017-2019.  

scholarly journals ANALISIS KINERJA KEUANGAN BERDASARKAN ECONOMIC VALUE ADDED (EVA) DAN FINANCIAL VALUE ADDED (FVA) (STUDI KASUS PADA PT. NIPPON INDOSARI CORPINDO TBK. TAHUN 2014-2018)

2020 ◽  
Vol 7 (2) ◽  
pp. 103
Author(s):  
Nangsi Mohamad ◽  
Lanto Miriatin Amali ◽  
Meriyana Franssisca Dungga
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Research Data ◽  
State University ◽  
Economic Value Added ◽  
Average Value ◽  
Quantitative Descriptive

Analysis of Financial Performance based on Economic Value Added (EVA) and Financial Value Added (FVA) (Case Study at PT. Nippon Indosari Corpindo Tbk in 2014-2018). Bachelor’s Degree Program in Management, Faculty of Economics, State University of Gorontalo. The principal sepervisior is Lanto Miriatin Amali, S. Sos., M.Si., and the co-supervisor is Meriyana Frsansissca Dungga, SE, MM. The research objective was to find out the financial performance of company based on analysis Economic Value Added (EVA) and Financial Value Added (FVA) from 2014 to 2018 at PT. Nippon Indosari Corpindo Tbk. The research data were obtained through financial statement in Indonesia Stock Exchange in form of company’s annual statement. The research data were secondary data. The research method used quantitative descriptive. The research sample focused on PT. Nippon Indosari Corpindo Tbk at Indonesia Stock Exchange (IDX). The research finding indicated that the result of calculation from economic value added (EVA) and Financial Value Added (FVA) at PT. Nippon Indosari Corindo Tbk listed in Indonesia Stock Exchange (IDX) fluctuated or limit of economic value added and limit of financial value added were dynamic expriencing movement although the condition of value was dynamic (up-down). Yet the average value of both was > 0 (positive) so that it was assumed to have been able to create economic value added and financial value added.

scholarly journals Analisis Kinerja Keuangan dengan Metode Economic Value Added (EVA) (Studi pada PT. Behin Karya Tahun 2015-2019 )

2020 ◽  
Vol 5 (2) ◽  
Author(s):  
Ali Muhajir
Keyword(s):  
Financial Performance ◽  
Economic Value ◽  
Balance Sheet ◽  
Value Added ◽  
Financial Statements ◽  
Economic Value Added ◽  
Operating Profit ◽  
Income Statement ◽  
Descriptive Method ◽  
Very High

This study sample aims to measure the financial performance of PT. Behin Karya in 2015-2019 using the economic value added (EVA) method. This study uses a descriptive method with a quantitative approach. The population in this study is the financial statements of PT. Behin Karya 2015-2019. This study’s sample is the company's financial statements, especially the balance sheet and income statement. The results showed that the overall financial performance of PT. Behin Karya, using the Economic Value Added (EVA) method is excelent, because it has succeeded in achieving a positive value, despite fluctuating. This is because the operating profit generated by the company in 2015-2019 is very high so that it can be compared between the capital charges value and the NOPAT value that the NOPAT value is higher than the capital charges value. Keywords: financial performance; economic value added (EVA)

scholarly journals AnalisisKinerja Keuangan Perusahaan Sektor Pertambangan yang Terdaftar di Jakarta Islamic Index dengan Menggunakan Economic Value Added

2019 ◽  
Vol 7 (2) ◽  
pp. 1493
Author(s):  
Halkadri Fitra ◽  
Henri Agustin ◽  
Salma Taqwa ◽  
Erly Mulyani
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Weighted Average ◽  
Value Added ◽  
Secondary Data ◽  
Added Value ◽  
Economic Value Added ◽  
Mining Sector ◽  
Capital Costs

This study aims to determine the financial performance of mining sector companies listed on the Jakarta Islamic Index based on EVA (Economic Value Added) analysis. The research conducted is a descriptive study with a quantitative approach using secondary data from 2014 to 2018 obtained from the Indonesia Stock Exchange and companies that are the object of research. The study population is all mining sector companies listed on the Jakarta Islamic Index while the sample uses a purposive sampling method with the sample taken is the mining sector companies listed on the Jakarta Islamic Index in the June-November 2019 period. Data analysis starts from the calculation of net operating profit after taxes, weighted average capital costs, invested capital, costs of capital and finally calculating EVA values from 2014 to 2018. The results show that the financial performance of mining companies listed on the Jakarta Islamic Index is well indicated by positive EVA values so it can be concluded that the management of the company has been able to provide added value to shareholders and investors.Keywords:Cost of Capital, EVA, Weighted Average Cost Of Capital

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 Economic Value Added Method as A Tools to Measure Financial Performance Assessment in PT. Campina Ice Cream Tbk.

2021 ◽  
Vol 2 (1) ◽  
pp. 85-93
Author(s):  
Himza Fadhilah Putri Wulandari
Keyword(s):  
Financial Performance ◽  
Performance Assessment ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Ice Cream ◽  
Analysis Data ◽  
Economic Value Added ◽  
Qualitative Descriptive ◽  
Data Source

Every company established has a goal to gain profits and maximize wealth to shareholders. The purpose of this study is to analyze  method of Economic Value Added as a measure of financial performance assessment at PT. Campina Ice Cream Industry Tbk. Method used in this study a Qualitative Descriptive approach. Data source in this study uses secondary data form of financial statements  PT. Campina Ice Cream Industry Tbk in 2016-2018. Analysis data technique used is method of Economic Value Added. Economic Value Added shows the measurement of extent to which company has value  added to owners of  company in a given year or period. The results of this study can be concluded that Economic Value Added (EVA) at PT.Campina Ice Cream Industry Tbk in 2016 worth Rp. (3.656.510.875) and in 2017 valued at Rp. (2.473.733.162) so that it produces a negative Economic Value Added or> 0 which can be said that the company financial performance is not good. However, in 2018 company achieved scores. Economic Value Added <0 or positive worth Rp. 15.881.445.739 then, it can be concluded that company financial performance is good and has resulted in value added expected by the shareholders.

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