FINANCIAL PERFORMANCE ANALYSIS USING ECONOMIC VALUE ADDED (EVA) AND FINANCIAL VALUE ADDED (FVA) AT PT. ASTRA INTERNATIONAL TBK 2017-2021 PERIOD
Main
Nurul Fauziah*
Agung Widhi Kurniawan
Nurman
Anwar
Andi Mustika Amin
This study aims to assess the financial performance of PT. Astra International Tbk during the 2017-2021 period by employing the Economic Value Added (EVA) and Financial Value Added (FVA) metrics. The type of research used in this study is descriptive research utilizing a quantitative approach. The population of this study consists of all the financial report data of PT. Astra International Tbk from 2017 to 2021, while the samples include the statements of financial position and profit/loss statements. The data collection technique employed is documentation. The collected data was analyzed using the EVA and FVA calculations. The findings of this study indicate that PT. Astra International Tbk demonstrated positive results in terms of financial performance when measured using EVA, indicating their ability to generate economic value added. Similarly, when measured using FVA, PT. Astra International Tbk achieved positive results, signifying their ability to generate financial value added. Overall, PT. Astra International's performance can be characterized as commendable.
Argeswara, D. R. (2018). Economic Value Added, dan Market Value Added Sebagai UkuranKinerja Keuangan Perusahaan (Studi Pada Perusahaan LQ45 Yang Terdaftar di BEI Periode 2016-2018). Jurnal Ekonomi Dan Bisnis.
Bringham, E. F., & Houston, J. F. (2010). Dasar-dasar manajemen keuangan. Jakarta: Salemba Empat.
Cahyandari, A., Yusuf, H. F., & Rachmawati, L. (2021). Analisis Economic Value Added (Eva), Financial Value Added (Fva) Dan Market Value Added (Mva) Sebagai Alat Ukur Kinerja Keuangan. JIAI (Jurnal Ilmiah Akuntansi Indonesia), 6(2), 121–146.
Edelia, A., & Aslami, N. (2022). The Role of Empowerment of The Cooperative and MSME Office in The Development of Small and Medium Micro Enterprises in Medan City. MARGINAL : Journal Of Management, Accounting, General Finance And International Economic Issues, 1(3), 31–36. https://doi.org/https://doi.org/10.55047/marginal.v1i3.163
Fahmi, I. (2012). Financial performance analysis. Bandung: Alfabeta.
Hardana, A., Royani, I., Situmorang, I. S., & Ariyanda, B. (2022). Financial Performance Analysis at PT. Bank Syariah Mandiri With Method Economic Value Adde (Eva). Journal of Islamic Financial Technology, 1(1).
Horngren, C., Sundem, G. L., Stratton, W. O., Burgstahler, D., & Schatzberg, J. O. (2013). Introduction to Management Accounting, Global Edition (Chapters 1-7). Pearson Higher Ed.
Indra, N., Nurulia, N., & Dewi, L. S. (2022). Analisis Financial Value Added (FVA) sebagai metode pengukuran kinerja keuangan perusahaan dalam upaya mencapai sustainable competitive advantage. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 4(Spesial Issue 6), 2145–2152.
Iramani, R., & Febrian, E. (2005). Financial Value Added: Suatu paradigma dalam pengukuran kinerja dan nilai tambah perusahaan. Jurnal Akuntansi Dan Keuangan, 7(1), 1–10.
Jayaprawira, A. R., & Kusumah, A. (2022). Jakarta Islamic Index (JII) Financial Performance Analysis Using EVA and MVA Methods. International Journal of Islamic Business and Management Review, 2(1), 128–134.
Kadim, A. (2020). Peer Reviewer Karya ilmiah Kinerja Keuangan dengan metode Economic Value Added (EVA), Financial Value Added (FVA) dan Market Value Added (MVA).
Kasmir. (2015). Analisis Laporan Keuangan. PT Raja Grafindo Persada.
Masyiyan, R. A., & Isynuwardhana, D. (2020). Analysis of Financial Performance with Economic Value Added (EVA) Method, Market Value Added (MVA), And Financial Value Added (FVA). JASa (Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi), 4(1), 116–125.
Oktavia, S. N., & Hartati, N. (2022). Analysis Kinerja Keuangan Menggunakan Metode Economic Value Added (EVA) dan Financial Value Added (FVA) (Studi Kasus pada Rumah Sakit Mitra Keluarga Tahun 2017-2021). Prosiding Seminar Sosial Politik, Bisnis, Akuntansi Dan Teknik, 4, 20–30.
Sugianto, I., & Falah, A. S. (2019). The Analysis of Financial Performance by Using Economic Value Added (EVA) Method and Financial Value Added (FVA) Case Studies on Manufacturing Companies Cosmetics and Household Sub-Sector Listed in Indonesian Stock Exchange During 2014-2016. 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018), 790–794.
Sugiyono. (2017). Metode Penelitian Penelitian Kuantitatif, Kualitatif dan R&D. Alfabeta.
Widya, W., Harahap, S., Elidawati, E., & Goh, T. S. (2022). Financial Performance Analysis Using Economic Value Added, Financial Value Added, and Return on Asset in PT. Buana. AJAR, 5(02), 226–241.
Yusuf, Y. (2021). Analysis Kinerja Keuangan Dengan Metode Economic Value Added Pada Hotel Awana Palopo. UNIVERSITAS MUHAMMADIYAH PALOPO.
