Measuring Company Financial Resilience Using Economic Value Added (EVA) And Financial Value Added (FVA) Methods

Abstract

This study aims to determine the measurement of the company's financial resilience using EVA and FVA methods. This research is descriptive research using a quantitative approach. The data used is secondary data, namely the consolidated financial statements of PT Pertamina (Persero) for the 2016-2020 period which consists of a statement of financial position and a statement of profit and loss. Based on the results obtained from this study, PT Pertamina (Persero) lacks good financial resilience because it is less able to adapt and utilize its financial information during the Covid 19 outbreak where EVA and FVA values produce negative values so the company is less able to cover the costs incurred. And in the results of the Mann-Whitney test, it was found that there was no difference in using both the EVA and FVA methods as a means of measuring financial resilience because the two methods on average gave a positive value in 2016-2019 and a negative value in 2020. If the value of EVA and FVA produce a positive value, meaning that the company can create added value, whereas if EVA and FVA are negative, it means that the company is less able to create added value.