ANALISIS KINERJA KEUANGAN BUMN YANG TERDAFTAR DI BURSA EFEK INDONESIA DENGAN MENGGUNAKAN METODE EVA , MVA , DAN FVA PERIODE 2017-2019
Abstract
every year. Seen in the 2015 profit of 77,974,161 USD and there was a profit growth of 0%. Profit
in 2016 amounted to 9,364,858 USD and there was a profit growth of 0.88%. Profit for 2017
amounted to (213,389,678) USD and there was a profit growth of -21.79%. Profit in 2018 was
(228,889,524) USD and there was a profit growth of -0.07%. Profit in 2019 amounted to 6,457,765
USD and there was a profit growth of 0.97%. This study aims to analyze the financial performance
of State Own Corporation in the airline sector listed on the Indonesia Stock Exchange during the
study year 2017 to 2019. The research data uses secondary data and data obtained from the
financial statements of PT. Garuda Indonesia (Persero) Tbk using the EVA, MVA and FVA analysis
methods. The results of this study indicate that by using the method: (1) EVA (Economic Value
Added) of PT. Garuda Indonesia (Persero) Tbk in 2017 and 2018 has positive value or EVA> 0
which means that the company's management has succeeded in creating economic added value for
the company. In 2019, it has negative value or EVA <0 which means the company's management is
unable or unsuccessful in creating economic value added for the company; (2) MVA (Market Value
Added) of PT. Garuda Indonesia (Persero) Tbk in 2017 until 2019 has a negative value or MVA <0
which means that the company's management is unable or unable to create market value added; and
(3) FVA (Financial Value Added) of PT. Garuda Indonesia (Persero) Tbk in 2017 until 2019 has a
value of FVA> 0 or positive. It can be concluded that the company's management has been able to
create financial added value for the company.
Full Text:
PDFReferences
DAFTAR PUSTAKA
Agnes, Sawir. 2003. “Analisis Kinerja Keuangan Dan Perencanaan Keuangan
Perusahaan, Penerbit PT.” Gramedia Pustaka Utama Jakarta.
Brigham, E F, and J F Houston. 2014. “Fundamentals of Management.” Jakarta:
Salemba Empat.
Husnan, Suad, and Enny Pudjiastuti. 2015. “Dasar-Dasar Manajemen Keuangan,
Edisi Ketujuh.” Yogyakarta: Upp Stim Ykpn.
Iswandira, A., Nurhayati, I., & Suharti, T. (2015). Analisis Economic Value Added (EVA)
dan Market Value Added (MVA) Sebagai Alat Untuk Mengukur Kinerja Keuangan
Perusahaan PT. Indofood Sukses Makmur Tbk. Jurnal Ilmiah Inovator, Edisi Maret
Manurung, Adler Haymans. 2013. “Berani Bermain Saham.” Jakarta, PT. Kompas
Media Nusantara.
Niyati Wahidah, L. I. (2019). Analisis Kinerja Keuangan Menggunakan Metode Economic
Value Adedd Pada PT. Adaro Energy Tbk. Ilmu Manajemen Dan Akuntansi
Terapan, 10(1), 4–7.
Sudiyanto, Totok. 2019. “ANALISIS KINERJA KEUANGAN DENGAN
MENGGUNAKAN PENDEKATAN ECONOMIC VALUE ADDED (EVA)
PADA PT. INDOSAT TBK YANG TERDAFTAR DI BURSA EFEK
INDONESIA PERIODE 2010–2014.” Jurnal Media Wahana Ekonomika
(3).
Sugiyono, (2016). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung :
Alfabeta
Sunardi, Nardi. 2018. “Analisis Economic Value Added (Eva), Financial Value
Added (FVA) Dan Market Value Added (MVA) Dengan Time Series
Approach Sebagai Alat Penilaian Kinerja Keuangan (Studi Pada Industri
Konstruksi (BUMN) Di Indonesia Yang Listing Di BEI Tahun 2013-2017).”
Jurnal SEKURITAS (Saham, Ekonomi, Keuangan dan Investasi) 2(1).
Sutrisno, Hadi. 2009. “Manajemen Keuangan Teori, Konsep Dan Aplikasi.”
Yogyakarta: Ekonosia.
www.idx.co.id
Refbacks
- There are currently no refbacks.
Editorial Office:
Universitas PGRI Madiun
Kampus 3 Lantai 2
Fakultas Ekonomi dan Bisnis
Jl. Auri no. 14-16 Madiun