Financial is one of the important factor in estimating financial performances. To measure how well the financial performance in a company, a measuring instrument is needed, as in discussed in this research are Liquidity Ratio, Solvability Ratio, Profitability Ratio, Activity Ratio, Residual Income, and Economic Value Added. With those measuring instrument, we know how well the company’s ability in creating value that is suitable with the company’s purpose. The purpose of this research is to see the financial performance in PT Via Renata through the financial ratio analysis, Residual Income and Economic Value Added. This research uses the data of PT Via Renata from 2009-2013. The method that the writer used are comparing the financial ratio analysis, Residual Income and Economic Value Added with the average factory. The result from the liquidity ratio analysis of PT Via Renata shows that the ability of the company in paying off their liabillities with the cash and the cash equivalent is not yet stable. The result from the solvability ratio analysis of PT Via Renata shows that the company has a good financial performance. The result from the profitability ratio analysis of PT Via Renata shows an increase and a decrease in the company’s profitability ratio which means that the sales, expenses, and investations are unstable. The result from activity ratio analysis of PT Via Renata shows an increase each year.
The result from the Residual Income of PT Via Renata since 2009 to 2013 shows that in 2009, 2010, 2012, and 2013 has a positive value. The positive value from the Residual Income shows an excessed profit than the owners needed, which means a weatlh for the stock holders. However, in 2011 Residual Income of the company’s shows a negative value, which means that in this year, there is a wealth decrease for the stock holders. The result from the Economic Value Added of PT Via Renata since 2009 to 2013 shows that the company failed to create an economic value added in those period, because the rate of return of the company was less than the rate of return that the investor demanded. |