Analisis Penilaian Kinerja Keuangan Menggunakan Metode Economic Value Added (Eva) Pada Perusahaan Yang Terdaftar di JII Periode 2015-2017
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Institusion
Universitas Muhammadiyah Surakarta
Author
Saputri, Sisilia Reviera Ramadhani
-, Muhammad Sholahuddin, S.E., M.Si
-, Muhammad Sholahuddin, S.E., M.Si
Subject
HG Finance
Datestamp
2019-05-15 07:39:01
Abstract :
This study aims to analyze the financial performance of companies listed in the Jakarta Islamic Index (JII) during the period 2015 to 2017 using the method of Economic Value Added (EVA). This research is a descriptive study with a quantitative approach. The data used in this study is secondary data obtained from the official IDX website, www.idx.co.id. The sample selection in this study used a purposive sampling technique. The samples obtained in the end amounted to 17 companies. Data analysis starts with calculating NOPAT, IC, WACC, CC, and finally EVA. The results showed that of the 17 companies, 16 of them had EVA values that were always positive during the research year which meant that the company had been able to generate economic value added, and only one company had a negative EVA value, namely PT. Kalbe Farma Tbk in 2015, which means that in that year the company has not been able to generate economic added value. Companies that have the best average EVA value are PT. Telekomunikasi Indonesia Tbk, while companies that have the lowest average EVA value are PT. London Sumatra Indonesia Tbk. For investors, the results of the EVA analysis can be used as a consideration in determining which companies have good performance so that it deserves investment. For companies, the ranking list of EVA values can be used as a reference to improve their performance in order to be ranked first in the acquisition of EVA.
This study aims to analyze the financial performance of companies listed in the Jakarta Islamic Index (JII) during the period 2015 to 2017 using the method of Economic Value Added (EVA). This research is a descriptive study with a quantitative approach. The data used in this study is secondary data obtained from the official IDX website, www.idx.co.id. The sample selection in this study used a purposive sampling technique. The samples obtained in the end amounted to 17 companies. Data analysis starts with calculating NOPAT, IC, WACC, CC, and finally EVA. The results showed that of the 17 companies, 16 of them had EVA values that were always positive during the research year which meant that the company had been able to generate economic value added, and only one company had a negative EVA value, namely PT. Kalbe Farma Tbk in 2015, which means that in that year the company has not been able to generate economic added value. Companies that have the best average EVA value are PT. Telekomunikasi Indonesia Tbk, while companies that have the lowest average EVA value are PT. London Sumatra Indonesia Tbk. For investors, the results of the EVA analysis can be used as a consideration in determining which companies have good performance so that it deserves investment. For companies, the ranking list of EVA values can be used as a reference to improve their performance in order to be ranked first in the acquisition of EVA.
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