EVA approach in measuring distribution company performance listed in IDX

This research aims to evaluate the financial performance of PT. TigaraksaSatria, Tbk (TGKA) and PT. Enseval Putra Megatrading (EPMT) as distribution companies using an economic value added (EVA) approach during the period of 2014 to 2017. This research uses a financial report that was obtained from IDX website, company websites, and interviews. The research proves that the financial performance of the two distribution companies for period 2014–2017 show a positive results (EVA>0). In 2014, TGKA’s EVA was Rp162.674.706.763 and in 2015, EVA increased to Rp191.395.182.514. In 2016, TGKA created EVA Rp175.608.568.953 and increased to Rp180.518.201.890 in 2017. In 2014, EPMT created EVA Rp266.090.979.215, EVA in 2015 Rp287.795.995.923, and for 2016 EVA of EMPT increased to Rp310.978.500.588. As for 2017, EVA of EPMT reduced to Rp227.805.590.090. The result of the research shows that TGKA and EPMT as distribution companies create value for investors.