Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Jurnal Aplikasi Perpajakan
Silva Savarin
Universitas Gunadarma
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
PENGUKURAN KINERJA KEUANGAN PT SARIGUNA PRIMATIRTA TBK DENGAN PENDEKATAN ECONOMIC VALUE ADDED (EVA) DAN MARKET VALUE ADDED (MVA) Retno Suwiyanti; Silva Savarin
Jurnal Aplikasi Perpajakan Vol. 7 No. 1 (2026): Jurnal Aplikasi Perpajakan
Publisher : Jurnal Aplikasi Perpajakan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/jap.v7i1.558

Abstract

This study aims to analyze the financial performance of PT Sariguna Primatirta Tbk using the Economic Value Added (EVA) and Market Value Added (MVA) methods for the 2021–2024 period. A quantitative descriptive research method was employed, utilizing documentation and literature review techniques. The study relied on secondary data—specifically the annual financial statements of PT Sariguna Primatirta Tbk for 2021–2024—obtained from the company's official website and the Indonesia Stock Exchange. Data analysis involved calculating EVA based on the components of Net Operating Profit After Tax (NOPAT), Invested Capital, Weighted Average Cost of Capital (WACC), and Capital Charge, as well as calculating MVA based on the difference between the company's market value and the book value of equity. The results indicate that PT Sariguna Primatirta Tbk’s EVA was positive (EVA > 0) throughout the 2021–2024 period, signifying the company's ability to generate economic value added through its operations after accounting for the cost of capital. Furthermore, the MVA was also positive (MVA > 0) across the entire study period; this indicates that the company's market value exceeded its book value of equity, demonstrating success in creating value for shareholders.
Co-Authors Retno Suwiyanti