Jurnal Administrasi Terapan
Vol. 5 No. 2 (2026): Jurnal Administrasi Terapan

Financial Performance Evaluation Using the EVA Method Approach at PT. Indosat Tbk. (2020-2025 Period)

Dinda Tiara Putri (Universitas Dinamika Bangsa)
Raysia Nurazizah Prihastiwi (Universitas Dinamika Bangsa)
Chindo Miftahulrizky (Universitas Dinamika Bangsa)
Intan Kusumawati (Universitas Dinamika Bangsa)
Rendi Irawan Saputra (Universitas Dinamika Bangsa)
Vidya Klara Desvina (Universitas Dinamika Bangsa)
Yossinomita Yossinomita (Universitas Dinamika Bangsa)



Article Info

Publish Date
28 Jul 2026

Abstract

This study aims to evaluate the financial performance of PT Indosat Tbk using the Economic Value Added (EVA) approach during 2020-2025. The research applies a quantitative descriptive method based on documentation of the company's financial statements. The analysis includes Net Operating Profit After Tax (NOPAT), Invested Capital (IC), Weighted Average Cost of Capital (WACC), Capital Charges (CC), and EVA. The results show that PT Indosat Tbk generated positive EVA in every year observed. EVA amounted to IDR 876.76 billion in 2020, increased to IDR 4,201.99 billion in 2021, decreased to IDR 2,589,26 billion in 2022, IDR 2,366.85 billion in 2023, and IDR 2,091.86 billion in 2024, before rising again to IDR 2,658.38 billion in 2025. These findings indicate that the company's net operating profit after tax exceeded its capital charges, thereby creating economic value for shareholders despite the higher invested capital following the merger. Keywords: EVA; WACC; Financial Performance; Capital Charges; PT Indosat Tbk.

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Journal Info

Abbrev

JAT

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Administrasi Terapan Jurnal Administrasi Terapan adalah Jurnal yang memberikan informasi ilmiah tentang perkembangan ilmu pengetahuan dan teknologi bidang Administrasi, Perkantoran, Kearsipan, Manajemen Pemasaran, Manajemen Keuangan, Selling, Akuntansi, ecommerce dan komputer Jurnal ...