Mahipe, Bela K.
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ANALYZING THE FINANCIAL PERFORMANCE OF PT. ASTRA INTERNATIONAL TBK PERIOD 2015-2019 USING ECONOMIC VALUE ADDED (EVA) Mahipe, Bela K.
Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi Vol 9, No 1 (2021): JE VOL 9 NO 1 (2021)
Publisher : FEB Universitas Sam Ratulangi Manado

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1040.854 KB) | DOI: 10.35794/emba.v9i1.32112

Abstract

Financial performance is an indicator of the company's success in managing the finance functions. EVA method is very good to measure financial performance because it can describe the actual company value. This study uses descriptive studies with the aim to provide an overview of the aspects that are relevant in this case to help managers make decisions for the company. The objective of this study is to examine the economic value added (EVA) approach, which is a value-based performance measurement method, and the calculation of this approach from the methods used to measure financial performance. In this context, an application has been presented for the examination and comparison ofholdings and investment companies in terms of economic value, using annual financial statement data of PT. Astra International. The samples used in this study was the financial statements of PT. Astra International Tbk from 2015 to 2019.Keywords: economic value added, financial performance