Analysis Of Economic Value Added (EVA), Financial Value Added (FVA), And Market Value Added (MVA) With Time Series Approach As A Tool Of Financial Performance Measuring In The Automotive Industry Listed On The Indonesia Stock Exchange Period 2017-2021

Authors

  • Ade Kharisma Maharanie
  • Ismail Ismail
  • Pepiyanti Pepiyanti
  • Nardi Sunardi

Abstract

This study aims to determine the financial performance of automotive industry companies listed on the Indonesia Stock Exchange (IDX) for the period 2017-2021 with an Economic Value Added (EVA), Financial Value Added (FVA) and Market Value Added (MVA) approach with a Time Series Approach. (TSA). The results of this study indicate that PT. Astra International Tbk, PT. Astra OtopartsTbk, PT. IndomobilSukses International Tbk, with a positive EVA value means that it is performing well. While PT. Gajah Tunggal Tbk has a negative value, meaning that it is not performing well. FVA value of PT. IndomobilSukses International Tbk has a negative value, meaning that it is not performing well, while PT. Astra International Tbk, PT. Astra OtopartsTbk, PT. Gajah Tunggal Tbk has a positive FVA value which means it is performing well. MVA value of PT. Astra International Tbk, PT. Astra OtopartsTbk,PT. Gajah Tunggal Tbk, PT. IndomobilSukses International Tbk has a positive value meaning that it performs well, Tbk has a positive FVA value which means that it performs well. The Financial Performance of Automotive Industry Companies simultaneously shows a value of 477,540 which means it is positive and means good performance.

Keyword : Economic Value Added (EVA), Financial Value Added (FVA), Market Value Added (MVA)

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Published

2022-11-15

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Vol. 3 No. 1 (2022): HUMANIS (Humanities, Management and Science Proceedings)

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