Analisis perbandingan kinerja keuangan pada PT Hanjaya Mandala Sampoerna, Tbk dan PT Gudang Garam, Tbk dengan metode economic value added (EVA)

Lusiana, Erna (2018) Analisis perbandingan kinerja keuangan pada PT Hanjaya Mandala Sampoerna, Tbk dan PT Gudang Garam, Tbk dengan metode economic value added (EVA). Masters thesis, Universitas Tarumanagara.

[img] Text
ABSTRAK TESIS MM Erna Lusiana.pdf
Download (53kB)

Abstract

This research aims to find out financial performance of the manufacturing companies which are listed in the Indonesian capital market (Bursa Efek Indonesia) for the period of 2013 until 2015, using Economic Value Added (EVA) method. To get the value of EVA, data are collected from internet, such as financial statements, stock price, market price and risk free rate. Sample of this research are PT HM Sampoerna, Tbk. and PT Gudang Garam, Tbk. for the period 2013 until 2015. The conclusion of this research is that manufacturing companies which are in miscellaneous sector have a good financial performance and already earn economic value for their stakeholders. Even though companies earn economic value added for their stakeholders, value added of PT HM Sampoerna, Tbk. keep declining during year 2013 until 2015 caused by the increase of costs, the value of Net Operating Profit After Tax (NOPAT) fluctuated and followed by increasing of cost of capital. Compare to PT HM Sampoerna, Tbk., value added of PT Gudang Garam, Tbk. increasing from year 2013 until 2015. The best financial performance in this research is PT Gudang Garam, Tbk. for it able to increase the value added. Thus, to increase the value added every year for the stakeholders, company of PT HM Sampoerna, Tbk. and PT Gudang Garam, Tbk. have to reduce costs such as production cost, cost of sales, and cost of debts for the profits able to cover all of the costs. Companies also can increasing the volume of sales or work with lower assets to increasing asset turnover.

Item Type: Thesis (Masters)
Subjects: Tesis
Tesis > Pascasarjana
Divisions: Fakultas Ekonomi > Manajemen
Depositing User: Puskom untar untar
Date Deposited: 30 Nov 2018 04:44
Last Modified: 11 May 2021 18:28
URI: http://repository.untar.ac.id/id/eprint/9329

Actions (login required)

View Item View Item
Repository UNTAR is powered by EPrints 3 which is developed by the School of Electronics and Computer Science at the University of Southampton. More information and software credits.