PERBANDINGAN AKURASI RASIO CASH FLOW DENGAN ECONOMIC VALUE ADDED UNTUK MEMPREDIKSI KINERJA KEUANGAN PERUSAHAAN

Abstract

This research aims to determine whether Economic Value Added (EVA) and cash flow ratios can differentiate
between healthy-performing companies with unhealthy performing companies in manufacturing companies
listed in the Indonesia Stock Exchange. The results of this study indicates that EVA and cash flow ratios can
differentiate significantly between companies with sound financial performance that is not healthy at
manufacturing companies listed in the Stock Exchange. This can be seen from Wilk's Lamda value of 0.901 as
indicated by the Chi-square value of 37.306 and has a significance level of alpha 0000 below 5%. It means that
the model is statistically significant. Hence, it is concluded that the average performance of a healthy or
unhealthy performing companies and this model can be utilized to predict the company's financial performance.
Key words : financial performance, ratio cash flow, Economic Value Added