FINANCIAL PERFORMANCE MEASUREMENT TO ANALYSIS OF ECONOMIC VALUE ADDED (EVA) AND MARKET VALUE ADDED (MVA) PADA PT TIMAH (PERSERO), TBK
EVA is an economics added value resulting from the reduction in operating
profit with the cost of capital, where capital costs were costs of the company to
get funding. Benefits of EVA is that EVA will cause businesses pay more
attention to capital structure policy aimed at calculating and analyzing the
company's financial performance. And. MVA is the difference between the
total value of companies with total capital that the owner of the property or
welfare would increase at maximum benefit. The MVA benefit, generally
determined the effect of stock market prices to the level of benefits shareholders.
Expected increased in stock market prices would increase shareholder profits.
The study resulted that EVA leaded company went into public, like that of
Timah, Firm The secondary data used wasfinancial statements from 2006 to
the year 2008. EVA generated Timah Firm from 2006 to year 2008 was positive,
but highly fluctuated so that MVA showed negative value and tends to
decrease every year.
Key Words : financial, analysis, economic, market
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