摘要：EVA is a performance measurement tool to assess the level of success of anactivity in terms of interests and expectations of the lenders (creditors andshareholders). Companies in terms of accounting profits do not necessarilyprovide benefits to their owners or shareholders. EVA performancemeasurement appears to anticipate the weaknesses of traditional accountingmeasure of performance which is only based on accounting income (accountingincome) and does not include the cost of equity capital. EVA performancemeasurement elements include the cost of debt (cost of debt) and the cost ofequity capital (cost of equity) so focused on creating real benefits forshareholders. The purpose of this paper is to assess the performance of thecompany PT Excelcomindo Pratama Tbk during the period 2005-2007 and findout the components of EVA as NOPAT, Invested Capital, WACC and CapitalCharges. After calculation and analysis of the performance of PT ExcelcomindoPratama Tbk during the period 2005 - 2007 by using the method of testing onthe effect of EVA and EVA to Earnings per share (EPS), it can be concludedthat EVA does not affect the rise and fall EVA EPS or no effect on EPS .
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