ANALISIS KINERJA KEUANGAN PERUSAHAAN OTOMOTIF TAHUN 2006-2008

Ismail, Ismail (2009) ANALISIS KINERJA KEUANGAN PERUSAHAAN OTOMOTIF TAHUN 2006-2008. Other thesis, University of Muhammadiyah Malang.

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Abstract

This research represent type research of case study automotive company listed in Indonesia Stock Exchange (ISX), with title " Analysis Finance Performance of Automotive Company’s year 2006-2008” Research's goal is to: (a) Know monetary performence of automotive company which noted in ISX in good health an assign value to growing economic if measured by using EVA. (b) Know best monetary performance from automotive company noted in ISX. In this research. writer makes two hypothesis that is: (a) Automotive company have healthy in monetary performance and can assign value to growing economic if measured with concept of Economic Value Added. (b) Anticipated PT. Astra International of its best monetary Performance and can assign value to growing economic if measured with concept of Economic Value Added. Analytical tool used to find out the is automotive company’s have healty ini monetary performance and can assign value to growing economic was Economic Value Added (EVA). EVA was a method which force a company focused its attention to company value creation. EVA was financial analytical tool used to measure realistic profitability of organization operation. This technique gave measurement at added value which was given by the organization to the shareholder. EVA was a system fitted with financial management since it focused on creditor's value. Measurement point used to find out the organization financial performance was when value EVA > 0 hence the company’s financial performance considered healthy and gave more economic value added. When value EVA value = 0 hence the financial performance could be considered even. When value EVA < 0 hence the financial performance would be un-healthy and wouldn't give more economic value added. Population which taken in this research was all otomotive company’s listed in ISX period 2006-2008, that was 19 company’s. sample the taken was company’s of active share in commerce of ISX and was available of complete finance statement and clear during period of research. The result of calculation by using analyzer of EVA, that it: PT.Astra International Tbk, PT.Astra Otopsts Tbk, and PT. Gajah Tunggal Tbk in the year 2006-2008 yielding EVA bigger than zero (EVA > 0). From EVA analysis, according to the measurement point, financial performance of otomotive companies, most of the companies create more economic value added, so that the financial performance were healthy. Then the hypothesis rejected since EVA value in otomotive companies had positive tendencies. Company who had the best financial performance was PT. Astra International Tbk, since EVA value was larger than 0 (EVA > 0) and experience. According to above conclusion, the writer implied that in determining company's financial performance, a company should decide the EVA usage in maximize the company's prosperity. When EVA value was negative, a company should decide the capital cost which should be paid to find out the real economic profit. Beside, EVA method was good to be measurement point in determining the financial performance. It could be manager direction in taking management decision and paid attention to the investor hope. Since EVA has similar pressure, the prosperity of investors (creditor and share-holder). Keywords: Financial Performance, Economic Value Added, Cost of Capital, Capital Structure.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Management
Depositing User: Anwar Jasin
Date Deposited: 05 Jun 2012 07:36
Last Modified: 05 Jun 2012 07:36
URI: http://eprints.umm.ac.id/id/eprint/6630

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