Financial Performance Analysis through Value Based Measurement in Integrated Poultry Companies in Indonesia from 2013-2017

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Yudina, Dita and Daryanto, Wiwiek Mardawiyah (2019) Financial Performance Analysis through Value Based Measurement in Integrated Poultry Companies in Indonesia from 2013-2017. South East Asia Journal of Contemporary Business, Economics and Law, 18 (1). pp. 1-9. ISSN 2289-1560

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Indonesia’s commercial poultry sector has grown significantly since the early 1980s. However, in 2017 the poultry feed sector in Indonesia was not stable enough because of the rising price of corn. During 2017, the Indonesian government also issued regulations to control day old chickens (DOC) Final Stock and Parent Stock availability. The government continues to organize the broilers sector, which in the last few years suffered a supply and demand imbalance, causing sharp price fluctuations. These government policies will affect the performance of companies in integrated poultry business. There are four big companies in integrated poultry business in Indonesia, which are PT Charoen Pokphand Indonesia Tbk (CPIN), PT Japfa Comfeed Indonesia Tbk (JPFA), PT Malindo Feedmill Tbk (MAIN), and PT Sierad Produce Tbk (SIPD). In order to the competition among them, calculate their financial performance is needed to determine the best-integrated poultry company. Therefore, this research aims to assessed the financial performance through value based measurements, which are economic value added (EVA), market value added (MVA), and cash value added (CVA) in four companies in integrated poultry business Indonesia from 2013 until 2017. The result shows that EVA in four companies is very fluctuated year by year. However, in terms of MVA and CVA, CPIN has the highest value compared to the others three companies. Key words: Financial Performance, Economic Value Added, Market Value Added, Cash Value Added, Value Based Measurement, Integrated Poultry Companies.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Divisions: Research And Community Empowerment > Journals
Depositing User: Rizky Amalia
Date Deposited: 24 Jan 2020 08:06
Last Modified: 19 Feb 2021 07:32

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