Abstract
Measurement of financial performance is the achievement of the company's achievements in a period that describes the financial health condition of the company. This study aims to determine the calculation and measurement of the financial performance of PT financial statements. Darma Henwa Tbk in 2017-2019. Analysis in this study using Economic Value Added (EVA) method. The results of research on PT. Darma Henwa Tbk. shows that 2017 with a value of $199,460 shows a positive value. This is because the value of NOPAT in that year is greater than the capital charge value generated. Meanwhile, in 2018 the value of EVA increased by $2,893,767, which still generated positive value in that year. However, in 2019 EVA value decreased and obtained a negative value of -$764,780. The decrease is caused because the value of NOPAT in 2019 is smaller than the capital charge value.
Highlights
Company is an organization to get results from the activities and businesses
One of the financial performance measurements seen from the company's financial statements is to EVAluate financial performance with Economic Value Added (EVA) analysis
The EVA concept focuses more on efforts to create corporate value and assess financial performance fairly as measured by using a weighted measure of the existing initial capital structure, namely by using the weighted average cost of capital (WACC)
Summary
Company is an organization to get results from the activities and businesses. A company was founded to make as much profit as possible. Analysis is needed to find out how well the company's financial performance is during the company's activity period. Economic Value Added (EVA) is currently one of the methods used to measure the level of operating efficiency of a company in using capital to create added value or profitability. One of the financial performance measurements seen from the company's financial statements is to EVAluate financial performance with Economic Value Added (EVA) analysis. The EVA concept focuses more on efforts to create corporate value and assess financial performance fairly as measured by using a weighted measure of the existing initial capital structure, namely by using the weighted average cost of capital (WACC). Darma Henwa Tbk. in the Financial Statements for 2017 to 2019. The authors are interested in researching and taking the title "Financial Performance Analysis Using Economic Value Added (EVA) Methods at PT.
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