Analisis Kinerja Keuangan dengan Metode Economic Value Added (EVA) dan Financial Value Added (FVA) (Studi Pada Industri Batu Bara Yang Terdaftar Di BEI Tahun 2016-2020)

Authors

  • Maun Yambat
  • Sonia Zulfa Deshi Danuz
  • Ina Nurjanah
  • Febry Edward
  • Yan Yudha Suryanto

Abstract

Analisa economic value added (EVA) atau nilai tambah ekonomi adalah satu metode untuk menganalisis perbandingan laba usaha setelah pajak (NOPAT) dan jumlah modal pada periode tersebut (yaitu, pendapatan bersih yang dapat dikonversi menjadi modal perusahaan dan modal yang diinvestasikan pada awal periode). Sedangkan analisa financial value added (FVA) adalah metode untuk mengukur kinerja perusahaan dalam menghasilkan laba bersih pada sisi kontribusi aktiva tetap. Metode penelitian yang digunakan adalah metode deskriptif kuantitatif dengan sampel perusahaan batu bara yang terdaftar di BEI. Penelitian ini bertujuan untuk mengetahui kinerja keuangan pada industri batubara yang terdaftar di Bursa Efek Indonesia Periode 2016-2020 dengan pendekatan Economic Value Added (EVA) dan Financial Value Added (FVA). Hasil penelitian ini menemukan bahwa perusahaan pada industri batu bara dengan nilai EVA dan FVA adalah negatif sehingga dapat disimpulkan bahwa perusahaan memiliki kinerja yang tidak baik. Economic value added (EVA) analysis is a method for analyzing the comparison of operating profit after tax (NOPAT) and the amount of capital in the period (that is, net income that can be converted into company capital and capital invested at the beginning of the period). Meanwhile, financial value added (FVA) analysis is a method to measure a company's performance in generating net profit in terms of the contribution of fixed assets. The research method used is a quantitative descriptive method with a sample of coal companies listed on the IDX. This study aims to determine the financial performance of the coal industry listed on the Indonesia Stock Exchange for the 2016-2020 period with an Economic Value Added (EVA) and Financial Value Added (FVA) approach. The results of this study found that companies in the coal industry with EVA and FVA values were negative so it can be concluded that the company has a poor performance.

Keywords: Economic Value Added (EVA), Financial Value Added (FVA), Kinerja Keuangan

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Published

2022-07-01

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Vol. 2 No. 2 (2022): HUMANIS (Humanities, Management and Science Proceedings)

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