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Journal : International Journal of Multidisciplinary Sciences and Arts

Financial Performance Analysis Using the Economic Value Added Method in the Food and Beverage Sub-Sector Listed on the Indonesia Stock Exchange Febrianty Febrianty; Ayu Syafitri
International Journal of Multidisciplinary Sciences and Arts Vol. 1 No. 1 (2022): International Journal of Multidisciplinary Sciences and Arts, Article August 20
Publisher : Information Technology and Science (ITScience)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (652.028 KB) | DOI: 10.47709/ijmdsa.v1i1.1627

Abstract

This study aims to determine the financial performance using the Economic Value Added (EVA) method in food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the last five years (2016-2020 period). The research method used is a quantitative method with a descriptive approach. The data used is secondary data in the form of Company Financial Statements obtained from the official website of the Indonesia Stock Exchange. The results of the study were based on an analysis using the EVA method from five food and beverage companies that had good financial performance (positive EVA) during the 2016-2020 period, namely MLBI, MYOR, and ULTJ. Analysis of the company's performance with the method shows the EVA fluctuating results. This is because the value of NOPAT and capital charges is very influential on EVA results. Where if the NOPAT value is greater than the value of capital charges, the resulting EVA will increase and vice versa. The results of the EVA analysis show that positive accounting earnings do not always show the results that the EVA value is also positive. This is due to an increase in the cost of equity capital which greatly affects the value of WACC which results in an increase in the value of capital charges borne by the company, where the value of capital charges reduces the value of EVA.
Analysis of the Company's Financial Performance Using the Du Pont System in the Building Construction Sub-Sector on the Indonesia Stock Exchange Putri Anggraini; Febrianty Febrianty
International Journal of Multidisciplinary Sciences and Arts Vol. 1 No. 1 (2022): International Journal of Multidisciplinary Sciences and Arts, Article August 20
Publisher : Information Technology and Science (ITScience)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1222.357 KB) | DOI: 10.47709/ijmdsa.v1i1.1633

Abstract

This study aims to determine the analysis of the financial performance of building sub-construction companies listed on the Indonesia Stock Exchange for the 2016-2020 period using the Du Pont System method. The Du Pont System includes the calculation of Net Profit Margin (NPM), Total Asset Turnover (TATO), Return On Investment (ROI), Equity Multiplier (EM) and Return On Equity (ROE). The research method used is a quantitative method with a descriptive approach and the data collection technique used is the company's annual report documentation technique. Based on the analysis and discussion, it can be seen that the Du Pont System analysis of building construction sub-sector companies listed on the Indonesia Stock Exchange for the 2016-2020 period shows a fairly good ROE performance, this is based on a comparison of industry standards. PT. Total Bangun Persada Tbk and PT. Wijaya Karya Bangunan Gedung Tbk is the company with the largest ROE, namely 18.37% and 17.18%, when compared to industry standards, these two companies are in very good condition. This indicates that the company is able to provide a very good return on the capital invested by the shareholders. The results of the research show that the average NPM ratio is in good condition which reflects the company can reduce costs so as to produce maximum profit. The average ratio of TATO and ROI shows a bad company condition that reflects the company's inefficient management of assets for sales and inefficient investment of assets. The results of the average EM show that the company's condition is quite good which reflects the company's efficiency in using its own capital to finance assets.