Analysis of Financial Performance By Methods Economic Valueadded (Eva) at PT. Argha Karya Prima Industry Tbk
DOI:
https://doi.org/10.31004/joecy.v6i1.8006Keywords:
Financial Report, Financial Performance, EVA, PT. Argha Karya Prima Industry TbkAbstract
This study aims to analyze the financial performance of PT Argha Karya Prima Industry, Tbk in 2019-2022 using the economic value added (EVA) method. This research is descriptive research with a quantitative approach. The population in this study is the annual financial report of PT Argha Karya Prima Industry, Tbk. The sample of this study is the financial position report and comprehensive income statement of PT. Agha Karya Prima Industry, Tbk 2019-2022. The results of this study indicate that, the performance of PT Argha Karya Prima Industry, Tbk in 2019-2020 EVA value> 0, then there is added value and the Company's financial performance is good. Meanwhile, in 2021-2022 the EVA value <0, then there is no added value and the Company's financial performance is not good. Overall, it can be said that in the last 4 years we can judge that there is no economic added value. Thus, it can be said that PT Argha Karya Prima Industry, Tbk for the 2019-2022 period is unable to create economic added value for owners of capital or shareholders, meaning that its financial performance is not good.
References
Azlan Azhari, Abdul Rahman, & Deddy Ibrahim Rauf. (2026). Digital Marketing Strategy Based On E-Service, Brand Image And Reviews For Gofood MSMEs. Journal of Studies in Academic, Humanities, Research, and Innovation, 3(1), 541–561. https://doi.org/10.71305/sahri.v3i1.606
Martina, Y., & Hidayah, N. R. (2022). Analisis rasio profitabilitas untuk menilai kinerja keuangan pada PT Kimia Farma (Persero) Tbk. EKOMBIS: Jurnal Ilmiah Ekonomi dan Bisnis, 10(1), 67–75.
Mardhiyah, Y. (2022). Analisis kinerja keuangan pada PT Perkebunan Nusantara XIV (Persero) Makassar periode 2016–2020 [Skripsi, tidak dipublikasikan].
Nengsi, S. (2019). Analisis faktor-faktor yang mempengaruhi kinerja keuangan pada PT Perkebunan Nusantara XIV [Skripsi, Universitas Bosowa].
Nusa, I. B. S. (2021). The effect of professional skepticism and auditor’s independence on detection fraud. Enrichment: Journal of Management, 12(1).
Rahmawati, D., & Murwanti, S. (2023). Assessment of company’s financial performance using the economic value added (EVA) method. In Proceedings of the International Conference on Economics and Business Studies (ICOEBS 2022) (p. 284). Springer Nature.
Suhud, C. W., Djatnika, D., & Danisworo, D. S. (2022). Penilaian kinerja keuangan menggunakan metode economic value added pada PT Nippon Indosari Corpindo Tbk. Indonesian Journal of Economics and Management, 2(2), 342–354.
Gari, A. (2023). Analisis kinerja keuangan PT Mandom Indonesia Tbk periode 2016–2020 dengan menggunakan economic value added (EVA) dan market value added (MVA). Curve Elasticity: Jurnal Pendidikan Ekonomi, 4(1), 66–79.
Nyamongo, J. N. (2019). Effect of financial risk exposure on financial performance of manufacturing firms listed at the Nairobi Securities Exchange [Thesis, KCA University].
Longdong, N. G. F., & Tawas, H. N. (2021). Analisis economic value added (EVA) dan market value added (MVA) sebagai alat pengukur kinerja keuangan pada PT Indofood Sukses Makmur Tbk. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 9(4), 1153–1164.
Dinasari, L., & Herawaty, V. (2020). Pengaruh kinerja keuangan dan risiko sistematik terhadap nilai perusahaan dengan financial distress sebagai variabel moderasi pada perusahaan consumer. KOCENIN Series Conference, (1), 4–8.
Hefrizal, M. (2018). Analisis metode economic value added untuk menilai kinerja keuangan pada PT Unilever Indonesia. Jurnal Akuntansi dan Bisnis: Jurnal Program Studi Akuntansi, 4(1).
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Dwi Anugerah Lestari Musa, Welimas Kristina Parinsi, Kartika Septiary Pratiwi Musa
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
