ANALISIS EVA (ECONOMIC VALUE ADDED) DAN RASIO KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PADA PERUSAHAAN PUBLIK SEKTOR FARMASI YANG TERDAFTAR DI BEJ

Sisbudiman, Eri Chandra (2007) ANALISIS EVA (ECONOMIC VALUE ADDED) DAN RASIO KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PADA PERUSAHAAN PUBLIK SEKTOR FARMASI YANG TERDAFTAR DI BEJ. Other thesis, University of Muhammadiyah Malang.

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Abstract

This research represent descriptive study at the company of pharmacy sector public which is listing in BEJ with Title " Analyse EVA ( Economic Value Added) and ratio company's Finance to assess public sector pharmacy company's finance performance which enlist in BEJ". Target of this research is getting know finance performance of the pharmacy sector public company's that included in 11 active companies that doing share trade during the three the last year if measured with method of EVA and of kasio monetary. Eva & finance ratio are used to analized finanance performance of the pharmacy sector public, ratio analyze which consists of ratio of liquidity, ratio of solvability, ratio of profitability and activity. Result of calculation by using EVA in 2003-2005 showing positive EVA rate ( EVA>0) in 5 pharmacy companies, such as: PT. Kalbe Farma Tb, PT. Merck Indonesia of Tbk, PT. Schering Plough Indonesia. On the other hard, the other pharmacy companies have negative EVA rate calculation ( EVA<0). Result of calculation by using monetary ratio analysis in the five company the marked from likuidity, activity ratio, solvency ratio and rentability in 2003-2005 shows fluctuation, non of these companies ratio’s are increased, even some of theirs are decreased. This fluctuation is coused by components that influence the monetary ratio. Value become unstabilize. One goes up while it’s comparator goes unstabilize, even one component goes up others are down. Market from net profit margin, all the pharmacies monetary performance tend to have very low number that is 0.84%. This show that the sale levelto low certain seles level of certain sales level. How ever, as a whole from yhese 5 pharmacy companies show good monetary performance rate. Based on the conclusion, writer implication that investor paying more attention in fund allocation, not only the monetary performance condition but also the ability of the companies in creating value to all investor.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Rayi Tegar Pamungkas
Date Deposited: 21 Jun 2012 02:42
Last Modified: 21 Jun 2012 02:42
URI: http://eprints.umm.ac.id/id/eprint/8818

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