ANALISIS ECONOMIC VALUE ADDED (EVA) UNTUK MENGUKUR KINERJA KEUANGAN PADA PT MIDI UTAMA INDONESIA, TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

The objectives of this research are: 1. To understand the depiction of the financial performance of the company at PT Midi Utama Indonesia, Tbk listed on the Indonesia Stock Exchange measured by Economic Value Added (EVA). 2. To identify the factors that contribute to the improvement of the financial performance of PT Midi Utama Indonesia, Tbk listed on the Indonesia Stock Exchange measured by Economic Value Added (EVA). The research design used in this study is library research. The object of this research is PT Midi Utama Indonesia, Tbk, which is listed on the Indonesia Stock Exchange for the period 2019-2023. Data collection was conducted using documentation methods. The data analysis techniques used are qualitative descriptive analysis and inductive analysis techniques. The results of this study can be summarized as follows: 1. The values of Net Operating Profit After Tax (NOPAT), Invested Capital (IC), and Capital Charge (CC) fluctuated and tended to increase, while the value of Weighted Average Cost of Capital (WACC) fluctuated and tended to decrease. 2. The average Economic Value Added (EVA) value of PT Midi Utama Indonesia, Tbk, listed on the Indonesia Stock Exchange for the period 2019-2023, was Rp 29,330,595,100, which means that the company generated positive EVA, indicating that the company has successfully created economic value added and that the company's financial performance can be considered good. 3. The factors influencing the level of financial performance at PT Midi Utama Indonesia, Tbk are the increase in operating profit, pre-tax profit, tax expenses, and capital costs. It is also recommended that PT Midi Utama Indonesia, Tbk, which is listed on the Indonesia Stock Exchange, increase its NOPAT value by increasing sales, improving customer satisfaction, and expanding its market share. Furthermore, the company should reduce its operating costs to generate higher profits.