ANALISIS KINERJA KEUANGAN DENGAN MENGGUNAKAN ECONOMIC VALUE ADDED PADA PT ULTRA JAYA MILK, TBK YANG  TERDAFTAR DI BURSA EFEK INDONESIA

Alrido Simanjuntak; Yansen Siahaan; Liper Siregar; Musa F. Silaen; Loist Abdi Putra

Alrido Simanjuntak Sekolah Tinggi Ilmu Ekonomi Sultan Agung
Yansen Siahaan Sekolah Tinggi Ilmu Ekonomi Sultan Agung
Liper Siregar Sekolah Tinggi Ilmu Ekonomi Sultan Agung
Musa F. Silaen Sekolah Tinggi Ilmu Ekonomi Sultan Agung
Loist Abdi Putra Sekolah Tinggi Ilmu Ekonomi Sultan Agung

Keywords: Invested iCapital, iWeight iAverage iCost iof iCapital, iCapital iCharge, iEconomic iValue iAdded iEconomic iValue iAdded, iFinancial iPerformance

Abstract

The ipurpose iof ithis istudy iis ito ifind iout: i1. iAn ioverview iof ithe ifinancial iperformance iof iPT iUltra iJaya iMilk, iTbk iwhich iis ilisted ion ithe iIndonesia iStock iExchange i(IDX) ifor ithe i2017-2021 iperiod. i2. iThe ifactors ithat iled ito ian iincrease iin ithe ifinancial iperformance iof iPT iUltra iJaya iMilk, iTbk iusing iEconomic iValue iAdded. iThis iresearch idesign iuses ilibrary iresearch. iThis iresearch iwas iconducted iusing iqualitative idescriptive ianalysis itechniques, iand iinductive ianalysis itechniques. iThe iresults iof ithis istudy ican ibe isummarized ias ifollows: i1. iThe iaverage ivalue iof iNet iOperating iProfit iAfter iTax i(Nopat) ihas iincreased ievery iyear. iDue ito ithe iacquisition iof iprofit ibefore itax iand iinterest i(EBIT) iwhich itends ito iincrease iand ithe ivalue iof ithe itax irate iwhich itends ito idecrease. i2. iThe iaverage ivalue iof iInvested iCapital i(IC) ihas iincreased ievery iyear. iDue ito ithe iamount iof iequity iand ilong-term idebt ihas iincreased. i3. iThe iaverage ivalue iof ithe iWeight iAverage iCost iof iCapital i(WACC) ihas iincreased ievery iyear. iDue ito ithe iincrease iin ithe iamount iof inet iprofit iafter itax iobtained iwhile ithe iamount iof iequity iand ilong-term iliabilities ihas iincreased. i4. iThe iaverage iCapital iCharge i(CC) ivalue ihas iincreased. iBecause ithe iaverage iWACC ivalue ihas iincreased. i5. iThe iaverage ivalue iof iEconomic iValue iAdded i(EVA) ihas iincreased. iThis iis ibecause ithe iNOPAT ivalue ihas iincreased iand ithe iNOPAT iamount iis igreater ithan ithe irequired icapital icharge.

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