Comparative Analysis Of Economic Value Added & Financial Value Added As A Measure Of Financial Performance Appraisal at PT Pelabuhan Indonesia 1 (Persero)
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April 5, 2019Comparative Analysis Of Economic Value Added & Financial Value Added As A Measure Of Financial Performance Appraisal at PT Pelabuhan Indonesia 1 (Persero)
ABSTRACT:- The objective of this research is to analyze the financial performance of PT Pelabuhan Indonesia I (Persero) if measured by using Economic Value Added (EVA) method and Financial Value Added (FVA) method for 2013-2017 period and to analyze the difference between EVA and FVA as valuation financial performance at PT Pelabuhan Indonesia I (Persero) period 2013 – 2017. The method used in this research is a method of analysis and comparative analysis using time series data. The results of this study show that using EVA and FVA companies can create added value for the company. Also, the result of the comparison indicates that there is no significant difference between EVA and FVA methods.
Keywords:- Net Operating Profit After Taxes (NOPAT), Weighted Average Cost of Capital (WACC), Invested Capital, Economic Value Added (EVA), Equivalent Depreciation (ED), Depreciation, Financial Value Added (FVA), Mann Whitney.