Analysis of Financial Performance Assessment using Economic Value Added (EVA) Method in Listed Company at Jakarta Islamic Index

Wuryaningsih Lestari, Sisilia Saputri, Muhammad Sholahuddin

2019

Abstract

This research aimed to analyze financial performance in listed company at Jakarta Islamic Index (JII) during 2015 until 2017 period by using the method of Economic Value Added (EVA). This research is descriptive research with quantitative approach. The data used in this research was secondary data from official website of BEI,www.idx.co.id. The sampling technique in this research used purposive sampling technique. The total of sample were 17 companies.The data analysis was started from calculating NOPAT, IC, WACC, CC, and the last was EVA. The result of this research showed that from 17 companies, 16 companies had positive value of EVA during period of research that means the company already been able to produce economic value added, and just one company that had negative value of EVA namely PT. Kalbe Farma Tbk in 2015, that means in that year, the company didn’t able to produce economic value added yet. The company that has the best average value of EVA was PT. Telekomunikasi Indonesia Tbk, meanwhile, the company that had the lowest average value of EVA was PT. London Sumatra Indonesia Tbk. For the investors , the analysis result of EVA can be used as consideration in determining which company that has good performance so that deserved to be given an investment. For company, the rank list of EVA value can be used as reference to develop its performance in order to become the first rank in value acquisition of EVA.

Paper Citation

in Harvard Style

Lestari W., Saputri S. and Sholahuddin M. (2019). Analysis of Financial Performance Assessment using Economic Value Added (EVA) Method in Listed Company at Jakarta Islamic Index. In Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA, ISBN 978-989-758-582-1, pages 630-650. DOI: 10.5220/0010524100002900

in Bibtex Style

@conference{miicema19,
author={Wuryaningsih Lestari and Sisilia Saputri and Muhammad Sholahuddin},
title={Analysis of Financial Performance Assessment using Economic Value Added (EVA) Method in Listed Company at Jakarta Islamic Index},
booktitle={Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,},
year={2019},
pages={630-650},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010524100002900},
isbn={978-989-758-582-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,
TI - Analysis of Financial Performance Assessment using Economic Value Added (EVA) Method in Listed Company at Jakarta Islamic Index
SN - 978-989-758-582-1
AU - Lestari W.
AU - Saputri S.
AU - Sholahuddin M.
PY - 2019
SP - 630
EP - 650
DO - 10.5220/0010524100002900