Octaviani, Anita (2017) Penilaian Kinerja Keuangan Perusahaan dengan Menggunakan Metode Market Value Added (MVA) dan Financial Value Added (FVA) (Studi Pada PT Sumber Alfaria Trijaya Tbk Periode Tahun 2014-2016). Sarjana thesis, Universitas Brawijaya.
Abstract
Industri ritel adalah perusahaan yang terlibat dalam kegiatan penjualan barang atau jasa secara langsung kepada konsumen akhir untuk pribadi dan bukan untuk penggunaan bisnis. Salah satu perusahaan ritel, yaitu PT Sumber Alfaria Trijaya Tbk mengalami laba yang fluktuatif selama periode tahun 2014-2016. Pada tahun 2015 perusahaan mengalami peningkatan revenue yang diikuti dengan kenaikan biaya operasional dan beban keuangan, yang menjadi salah satu faktor penyebab terjadinya penurunan laba. Pada tahun 2016 revenue kembali meningkat yang juga diikuti dengan kenaikan biaya operasional dan beban keuangan, namun pada tahun ini terjadi peningkatan laba dari tahun sebelumya. Tujuan dari penelitian ini adalah untuk mengetahui kinerja keuangan PT Sumber Alfaria Trijaya Tbk menggunakan metode Market Value Added (MVA) dan Financial Value Added (FVA) periode tahun 2014-2016. Jenis penelitian yang digunakan adalah penelitian deskriptif. Fokus penelitian adalah laporan keuangan dan harga saham PT Sumber Alfaria Trijaya Tbk periode tahun 2014-2016. Metode pengukuran kinerja keuangan perusahaan berdasarkan nilai tambah menggunakan kombinasi metode Market Value Added (MVA) dan Financial Value Added (FVA) Hasil dari penelitian ini yaitu; 1) Nilai Market Value Added (MVA) PT Sumber Alfaria Trijaya Tbk bernilai positif dan menunjukkan bahwa perusahaan berhasil meningkatkan nilai modal yang telah diinvestasikan; 2) Nilai Financial Value Added (FVA) PT Sumber Alfaria Trijaya Tbk bernilai positif dan menunjukkan bahwa perusahaan berhasil memberikan nilai tambah finansial lebih karena keuntungan bersih dan penyusutan mampu menutupi Equivalent Depreciation. Hasil tersebut memberikan kesimpulan bahwa kinerja keuangan perusahaan dengan menggunakan metode Market Value Added (MVA) dan Financial Value Added (FVA) adalah baik. Dari hasil penelitian, perusahaan harus mampu mengelola kinerja keuangan secara efektif dan efisien agar dapat meningkatkan nilai tambah perusahaan. Bagi investor maupun calon investor hendaknya lebih cermat sebelum mengambil keputusan investasi, seperti melihat hasil pengukuran kinerja keuangan perusahaan terlebih dahulu untuk menilai bagaimana prospek kelanjutan bisnis perusahaan. Bagi peneliti selanjutnya hendaknya dilakukan dengan menambah alat ukur kinerja lain, serta memperluas sampel penelitian dan menambah rentang waktu periode penelitian.
English Abstract
Retail industry is a company which involves in the sale of goods or services activities which directly sells to the customers for individual needs not for the business needs. One of retail company is PT Sumber Alfaria Trijaya Tbk which the profit has experienced fluctuative in the year of 2014-2016 periods. In 2015, the company has experienced the increasing of the revenue which followed by the increasing of operating cost and financial expense. These became one of the factor which cause the decreasing of the company' profits. In 2016, the revenue has increased again, it followed by the increasing of operational cost and financial expense. However, in this year, the profit is increase from the previous year. The aim of the study is to investigate the financial performance at PT sumberAlfariaTrijayaTbk using Market value added (MVA) and Financial Value Added (FVA) methods in 2014-2015 periods. The design of this study is descriptive analysis. This study focused on the financial statement and cost of stock of PT Sumber Alfaria Trijaya Tbk in the period year of 2014-2016. Method of measuring the company financial performance based on the credit point is using combination of Market Value Added (MVA) and Financial Value Added (FVA) methods. The results of this study are; 1) Market Value Added (MVA) of PT Sumber AlfariaTrijaya Tbk is positive and shows that the company successfully improved the capital value which already invested; 2) Financial Value Added (FVA) of PT. Sumber Alfaria Trijaya Tbk showed positive result which indicated that the company has been successfully increased the financial value added. From the rational above, it is believed that the profit of Financial Value Added (FVA) may cover the Equivalent Depreciation. In conclusion, the application of Market Value Added (MVA) and Financial Value Added (FVA) methods are useful for the financial performance of the company. Based on the result of this study, The Company should be effectively and efficiently managed the financial performance in order to increase company’s rate value. For the investors and potential investors should be more careful before drawing decision of investment, for instance: Seeing the result measurement of the company’s financial performance previously due to evaluating the progress of the company business continuity. For further researcher, adding another performance measuring tools, trying to broaden the sample research, and increasing the time period of the study are suggested that supposed to do later on.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FIA/2017/1115/051712134 |
| Uncontrolled Keywords: | Market Value Added (MVA), Financial Value Added (MVA). |
| Subjects: | 600 Technology (Applied sciences) > 658 General management > 658.1 Organization and financial management > 658.15 Financial management |
| Divisions: | Fakultas Ilmu Administrasi > Ilmu Administrasi Bisnis / Niaga |
| Depositing User: | Budi Wahyono Wahyono |
| Date Deposited: | 06 Dec 2017 01:42 |
| Last Modified: | 29 Oct 2024 07:42 |
| URI: | http://repository.ub.ac.id/id/eprint/6479 |
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