Activity analysis Corporate Finance Using Economic Value Added (EVA) Method (Study on Property and Real Estate Sector Companies)
Abstract
This research is a quantitative research, where the data source is datasecondary form of the company's annual financial statements for the period 2017 to 2021. The population of this study is the property and real estate sector companies listed on the IDX, the sample of this research is 3 companies with sampling using purposive sampling method, data collection is done through documentation and literature study, then analysis technique using EVA method with NOPAT, Invested Capital, WACC and CC calculations. The results of this study indicate that by using the EVA method, it is known that two companies produce a negative EVA value or EVA <0 meaning that the company can experience losses, namely PT. Pembangunan Perumahan Properti Tbk, PT Plaza Indonesia Realty Tbk, while one company produces a Positive EVA value or EVA> 0 meaning the company can generate economic added value, namely PT. Kawasan Ind. Jababeka Tbk.
Keywords: EVA, NOPAT, IC, CC, WACC and Financial Performance
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