Kinerja Keuangan dengan Metode Economic Value Added (EVA)
Studi Pada PT Kimia Farma, Tbk. Yang Terdaftar Di BEI Tahun 2018-2022
DOI:
https://doi.org/10.61132/menawan.v1i6.434Keywords:
financial performance, economic value added (EVA)Abstract
Performance of the company is mostly measured by financial ratio for a spesific period. This measurement must be in accordance with generally accepted accounting treatment in preparing financial statements. Financial ratios have weaknesses in measuring performance where performance looks good but does not increase or even decrease. Therefor, other measuring are needed that can show the success of the company with the aim of adding economic value. Economic Value Added (EVA) is one of the most relevant measurements in measuring a company's financial performance because it can show how much added value can be generated during a spesific period.This research using qualitative descriptive method with secondary data from financial statement of PT Kimia Farma, Tbk listed on Indonesia Stock Exchange for 2018-2022. This study aims to find out the financial performance of PT Kimia Farma, Tbk listed on the BEI using the Economic Value Added (EVA) method. Economic value added (EVA) is an added value for the company by incurring capital costs. The result of this research indicate that financial perform with EVA method are negative, means that it performs is not optimal.
Downloads
References
Anastasya, W. and Ibrahim, M. (2022) ‘Penilaian Kinerja Keuangan dengan menggunakan Metode Economic Value Added (EVA) pada PT United Tractors, Tbk.’, Jurnal ekonomika45, 9 No. 2. Available at: https://univ45sby.ac.id/ejournal/index.php.
Apriliyani, R. and Yudiantoro, D. (2022) ‘Pengaruh Kinerja Keuangan Terhadap Pertumbuhan Laba Perusahaan Dalam Sektor Consumer Goods Pada Perusahaan Yang Terdaftar di Bursa Efek Indonesia Periode 2020’, Jurnal Ekobis Dewantara, 5 No. 2. Available at: https://doi.org/https://doi.org/10.26460/ed_en.v5i2.2950.
Brigham and Houston (2012) Dasar-Dasar Manajemen Keuangan. Jakarta: Salemba Empat.
Brigham, E. and Houston, J.F. (2010) Manajemen Keuangan. Jakarta: Erlangga.
Irawan, F. and Manurung, N.Y. (2020) ‘Economic Value Added (EVA) dan Market Value Added (MVA) Sebagai Alat Ukur Kinerja Keuangan PT Garuda Indonesia, Tbk. Tahun 2017-2019’, Jurnal Pajak dan Keuangan Negara, II No. 1, pp. 31–45. Available at: https://jurnal.pknstan.ac.id/index.php/pkn/article/view/999.
Kumalasari, D., Angelina, N. and Christiawan, Y.J. (2021) ‘Pertumbuhan Penjualan dan Kinerja Keuangan Perusahaan : Peran Moderasi Pengawasan Komisaris Independen’, Petra Christian University, 9. Available at: https://publication.petra.ac.id/index.php/akuntansi-bisnis/article/view/11941.
Rudianto (2013) Akuntansi Manajemen Informasi Untuk Pengambilan Keputusan Strategi. Jakarta: Erlangga.
Sawir, A. (2016) Analisa Kinerja Keuangan dan Perencanaan Keuangan. Jakarta: PT Gramedia Pustaka Utama.
Sugiyono (2019) ‘Metode Penelitian Kuantitatif dan Kualitatif, dan R&D’, in Metodelogi Penelitian. Bandung: Alfabeta.
Tunggal, A.W. (2008) Pengantar Konsep Nilai Tambah Ekonomi (EVA) Dan Value Based Management (VBM). Harvarindo.
Yazdanfar, D. and Ohman, P. (2015) ‘The Growth Profitability Nexus among Swedish SMEs.’, International Journal of Managerial Finance, 11 No. 4. Available at: https://doi.org/https://doi.org/10.1108/IJMF-01-2015-0005.
