Jurnal Ekonomi
Vol. 12 No. 3 (2023): Jurnal Ekonomi, 2023, September

FINANCIAL PERFORMANCE ANALYSIS OF PT. CHITOSE INTERNASIONAL, Tbk 2017-2021 USING THE ECONOMIC VALUE ADDED MEASUREMENT

Dinatonia Jovery Matruty (Universitas Pattimura)



Article Info

Publish Date
13 Jun 2023

Abstract

Generating profits alone is not enough to provide an overview of the financial performance of a good company, for that purpose this writing aims to know and analyze the financial performance of PT. Chitose International, Tbk in 2017-2021 using the Economic Value Added method which will provide an overview of added value for shareholders. The results of the analysis using economic value added show the financial performance of PT. Chitose Internasional, Tbk in 2017-2018 is not good because it has a negative EVA < 0 or negative EVA. This means that there is no increase in the value of the company to its owners by the company's management, this is possible because the increase in the company's net sales value is almost balanced with the cost of goods sold and other expenses. On the one hand, the cost of capital is greater than the company's ability to earn profits, and the value of NOPAT and Capital Charges in 2021 is even negative.

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Journal Info

Abbrev

Ekonomi

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi [p. ISSNĀ 2301-6280, e. ISSNĀ 2721-9879] is a peer-reviewed journal published Half times a year (June, and December) by SEAN Institute. Jurnal Ekonomi is intended to be the journal for publishing articles reporting the results of economics research. Jurnal Ekonomi invites manuscripts ...