Lampiran 1 ANALISIS PENGARUH LABA OPERASIONAL SEBELUM BUNGA DAN PAJAK (EBIT) DAN PROPORSI HUTANG TERHADAP ECONOMIC VALUE ADDED (EVA) PADA PERUSAHAAN MANUFAKTUR DAN RETAIL YANG TERDAPAT DI BURSA EFEK JAKARTA. 2007.

Lampiran 1
Data-Data & Perhitungan Pajak

No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

18
19
20
21
22
23
24
25

Nama Perusahaan
PT. Ades Alfindo Putrasetia Tbk
PT. Alfa Retailindo Tbk
PT. Andhi Candra Automotive Product, Tbk
PT. Aqua Golden Mississippi Tbk
PT. Astra International Tbk
PT. Astra Otoparts Tbk
PT. Bayer Indonesia Tbk
PT. Bristol Myers Squibb Indonesia Tbk
PT. Dankos Laboratories Tbk
PT. Enseval Putera Megatrading Tbk

PT. Fast Food Indonesia Tbk
PT. Goodyear Indonesia Tbk
PT. Gudang Garam Tbk
PT. Hanjaya Mandala Sampoerna Tbk
PT. Hexindo Adiperkasa Tbk
PT. Indofood Sukses Makmur Tbk
PT. Mandom Indonesia Tbk
PT. Matahari Putra Prima Tbk
PT. Multi Bintang Indonesia Tbk
PT. Mustika Ratu Tbk
PT. Sari Husada Tbk
PT. Selamat Sempurna Tbk
PT. Tunas Ridean Tbk
PT. Tempo Scan Pasific Tbk
PT. Unilever Indonesia Tbk
Jumlah

Biaya Pajak
3528.93
21.88

3934.41
6660.33
1503964
76492
76085.38
11386.49
34252.71
48947.55
13792.68
8022.23
919819
864772
18575.34
496343.5
25737.8
15463
38330
8600.84
75421
22348.11

31926
90404
417964
4812793.18

Pendptn Sblm Pajak
(EBT)
10920.87
30618.05
15539.76
96943.32
5452764
329514
228521.8
31291.45
127848.1
171564.1
51443
23221.92
3006712

2566802
37951
1418084
81760
141870
123381
29052.73
252768
71901.98
104971
416971
1384504
16206919.08

Pajak
(T)
32.31363435
0.071461115
25.31834468
6.870334129

27.58168151
23.21358121
33.29458284
36.38850229
26.79172393
28.53018201
26.81157786
34.54593763
30.59218841
33.69063917
48.94558773
35.0009943
31.47969667
10.89941496
31.06637165
29.60424029
29.8380333
31.08135548
30.41411437
21.68112411

30.1887174
696.2140214

1-T
67.68636565
99.92853888
74.68165532
93.12966587
72.41831849
76.78641879
66.70541716
63.61149771
73.20827607
71.46981799
73.18842214
65.45406237
69.40781159
66.30936083
51.05441227
64.9990057

68.52030333
89.10058504
68.93362835
70.39575971
70.1619667
68.91864452
69.58588563
78.31887589
69.8112826
1803.785979

Lampiran 2
Perhitungan Bunga & Biaya Hutang (Kd*)
No
1
2
3
4
5
6

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Nama Perusahaan
PT. Ades Alfindo Putrasetia Tbk
PT. Alfa Retailindo Tbk
PT. Andhi Candra Automotive Product, Tbk
PT. Aqua Golden Mississippi Tbk
PT. Astra International Tbk
PT. Astra Otoparts Tbk
PT. Bayer Indonesia Tbk
PT. Bristol Myers Squibb Indonesia Tbk
PT. Dankos Laboratories Tbk
PT. Enseval Putera Megatrading Tbk
PT. Fast Food Indonesia Tbk
PT. Goodyear Indonesia Tbk
PT. Gudang Garam Tbk
PT. Hanjaya Mandala Sampoerna Tbk
PT. Hexindo Adiperkasa Tbk
PT. Indofood Sukses Makmur Tbk
PT. Mandom Indonesia Tbk
PT. Matahari Putra Prima Tbk
PT. Multi Bintang Indonesia Tbk

PT. Mustika Ratu Tbk
PT. Sari Husada Tbk
PT. Selamat Sempurna Tbk
PT. Tunas Ridean Tbk
PT. Tempo Scan Pasific Tbk
PT. Unilever Indonesia Tbk
Jumlah

Biaya Bunga

Hutang Jangka Panjang

Bunga
(Kd)

3172.41
23182.53
149.34
5695.09
840366
12868
1955.79
2788.11
43265.09
21139.97
2903.65
870.81
442351
407235
7288.39
816690.8
6489.16
38618
7
2397.18
9485
19056.07
5310
5011
70149

58634.66
33885.34
6385.89
43871
9280880
186215
43513
8505.95
207894.8
34515.04
22567
29756.35
215936
2299268
152317
6371838
8018
528638
1967.18
233069
21959
116956
236643
60656
113212

0.054104688
0.6841463
0.023385934
0.129814456
0.090548095
0.069102919
0.044947257
0.327783493
0.208110496
0.612485745
0.128667966
0.029264678
2.048528268
0.177115064
0.047850141
0.128171934
0.809324021
0.07305188
0.003558393
0.01028528
0.431941345
0.162933667
0.022438864
0.082613427
0.619625128

2788444.39

20317101.21

7.019799441

1-T

67.68636565
99.92853888
74.68165532
93.12966587
72.41831849
76.78641879
66.70541716
63.61149771
73.20827607
71.46981799
73.18842214
65.45406237
69.40781159
66.30936083
51.05441227
64.9990057
68.52030333
89.10058504
68.93362835
70.39575971
70.1619667
68.91864452
69.58588563
78.31887589
69.8112826

Biaya Hutang
(Kd*)
3.662149712
68.36574018
1.746500238
12.08957691
6.557340752
5.306165653
2.998225538
20.8507989
15.23541066
43.77424474
9.417005448
1.915492056
142.183864
11.74438672
2.44296085
8.331048273
55.45512741
6.50896529
0.245292957
0.724040122
30.30585428
11.2291675
1.561428196
6.4701907
43.25682492

1803.785979 512.3778021

Lampiran 3
Perhitungan Biaya Modal Sendiri
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Nama Perusahaan

Dividen Payout
(%)
PT. Ades Alfindo Putrasetia Tbk
2.06
PT. Alfa Retailindo Tbk
16.83
PT. Andhi Candra A. Product, Tbk
86.6
PT. Aqua Golden Mississippi Tbk
17.12
PT. Astra International Tbk
31.69
PT. Astra Otoparts Tbk
0.25
PT. Bayer Indonesia Tbk
5.49
PT. Bristol Myers Squibb Indonesia Tbk
0.07
PT. Dankos Laboratories Tbk
19.17
PT. Enseval Putera Megatrading Tbk
7.45
PT. Fast Food Indonesia Tbk
18.96
PT. Goodyear Indonesia Tbk
37.38
PT. Gudang Garam Tbk
27.66
PT. Hanjaya Mandala Sampoerna Tbk
13.46
PT. Hexindo Adiperkasa Tbk
0.34
PT. Indofood Sukses Makmur Tbk
32.74
PT. Mandom Indonesia Tbk
40.27
PT. Matahari Putra Prima Tbk
30.84
PT. Multi Bintang Indonesia Tbk
76.72
PT. Mustika Ratu Tbk
75.34
PT. Sari Husada Tbk
0.4
PT. Selamat Sempurna Tbk
96.86
PT. Tunas Ridean Tbk
30.36
PT. Tempo Scan Pasific Tbk
56.91
PT. Unilever Indonesia Tbk
39
Jumlah
763.97

Plow Back Ratio
Pendptn Stlh Pajak
/PBR (%)
(EAT)
97.94
7391.9
83.17
30582.98
13.4
11605.35
82.88
66109.92
68.31
3636608
99.75
257379
94.51
152436.4
99.93
19904.96
80.83
93174.31
92.55
122423.3
81.04
37650
62.62
15199.7
72.34
2086891
86.54
1671084
99.66
38983
67.26
802632.8
59.73
58109
69.16
105305
23.28
85051
24.66
20451.9
99.6
177300
3.14
40222.03
69.64
73515
43.09
316307
61
978249
1736.03
10904566.55

Total Modal
86876.95
317178.5
119014.5
220765.1
6498561
1047092
337070.2
88821.05
277726.8
250902.1
136736.6
268361.2
9709701
5200893
177737.7
36622698
303471.3
1671974
282941
240159
837539
348118.5
420848
1423573
2019748
68908507.5

ROE
Dividen Yield
(%)
0.085084709
0.25
0.096421983
1.42
0.097512068
2.78
0.299458202
2.29
0.559602041
15
0.245803616
0.06
0.452239326
16.34
0.224101832
0.01
0.335489085
5
0.487932544
5.88
0.275346908
1.78
0.056638963
3.45
0.214928451
3.61
0.321307129
1.35
0.21932882
0.2
0.021916266
4.67
0.19148104
10
0.062982439
2.4
0.300596237
11.26
0.085159832
10
0.211691635
0.04
0.115541202
11.19
0.174683021
5.61
0.222192329
9.7
0.484342106
2.75
5.841781784
127.04

PBR*ROE

Biaya Modal Sendiri
(Ke)
8.333196389
8.583196389
8.019416343
9.439416343
1.306661709
4.086661709
24.81909582
27.10909582
38.22641543
53.22641543
24.51891071
24.57891071
42.74113868
59.08113868
22.39449604
22.40449604
27.11758274
32.11758274
45.15815697
51.03815697
22.31411341
24.09411341
3.546731845
6.996731845
15.54792418
19.15792418
27.80591898
29.15591898
21.8583102
22.0583102
1.474088068
6.144088068
11.43716249
21.43716249
4.355865462
6.755865462
6.997880406
18.25788041
2.100041448
12.10004145
21.08448681
21.12448681
0.362799375
11.55279937
12.16492558
17.77492558
9.574267445
19.27426745
29.54486847
32.29486847
432.804455
559.844455

Lampiran 4
Perhitungan Biaya Modal Rata-Rata Tertimbang (WACC)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Nama Perusahaan

Total Modal

PT. Ades Alfindo Putrasetia Tbk
86876.95
PT. Alfa Retailindo Tbk
317178.5
PT. Andhi Candra A. Product, Tbk
119014.5
PT. Aqua Golden Mississippi Tbk
220765.1
PT. Astra International Tbk
6498561
PT. Astra Otoparts Tbk
1047092
PT. Bayer Indonesia Tbk
337070.2
PT. Bristol Myers Squibb Indonesia Tbk
88821.05
PT. Dankos Laboratories Tbk
277726.8
PT. Enseval Putera Megatrading Tbk
250902.1
PT. Fast Food Indonesia Tbk
136736.6
PT. Goodyear Indonesia Tbk
268361.2
PT. Gudang Garam Tbk
9709701
PT. Hanjaya Mandala Sampoerna Tbk
5200893
PT. Hexindo Adiperkasa Tbk
177737.7
PT. Indofood Sukses Makmur Tbk
36622698
PT. Mandom Indonesia Tbk
303471.3
PT. Matahari Putra Prima Tbk
1671974
PT. Multi Bintang Indonesia Tbk
282941
PT. Mustika Ratu Tbk
240159
PT. Sari Husada Tbk
837539
PT. Selamat Sempurna Tbk
348118.5
PT. Tunas Ridean Tbk
420848
PT. Tempo Scan Pasific Tbk
1423573
PT. Unilever Indonesia Tbk
2019748
Jumlah
68908507.5

Total HJP & Modal Proporsi Modal Sendiri
(%)
/ We (%)
145511.61
60
351063.84
90
125400.39
95
264636.1
83
15779441
41
1233307
85
380583.2
89
97327
91
485621.6
57
285417.14
88
159303.6
28
298117.55
90
9925637
98
7500161
69
330054.7
54
10034536
37
311489.3
97
2200612
76
302408
94
242127.08
99
859498
97
465074.5
75
656491
64
1484229
96
2132960
95
56051007.61
1948

Proporsi Hutang
/ Wd (%)
40
10
5
17
59
15
11
9
43
12
72
10
2
31
46
63
3
24
6
1
3
25
36
4
5
552

Kd*.Wd
(%)
1.46485988
6.83657402
0.08732501
2.05522807
3.86883104
0.79592485
0.32980481
1.8765719
6.55122658
5.25290937
6.78024392
0.19154921
2.84367728
3.64075988
1.12376199
5.24856041
1.66365382
1.56215167
0.01471758
0.0072404
0.90917563
2.80729188
0.56211415
0.25880763
2.16284125
58.89580223

Ke.We

Biaya Modal Rata-Rata
Tertimbang (WACC)
5.14991783
6.614777713
8.49547471
15.33204873
3.88232862
3.969653634
22.5005495
24.5557776
21.8228303
25.69166137
20.8920741
21.68799895
52.5822134
52.91201824
20.3880914
22.2646633
18.3070222
24.85824874
44.9135781
50.1664875
6.74635176
13.52659568
6.29705866
6.488607871
18.7747657
21.61844298
20.1175841
23.75834398
11.9114875
13.0352495
2.27331259
7.521872995
20.7940476
22.45770144
5.13445775
6.696609421
17.1624076
17.17712517
11.979041
11.98628144
20.4907522
21.39992784
8.66459953
11.47189141
11.3759524
11.93806652
18.5032968
18.76210438
30.6801251
32.8429663
429.83932
488.7351227

Lampiran 5
Hasil Perhitungan Economic Value Added (EVA)
No
1
2
3
4
5
6
7
8
9
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#
#

Nama Perusahaan

WACC Modal yg DiinvestasikanWACC*Inv. Cap
Laba Operasi Stlh Economic Value Added
(Invested Capital)
dikurangi Pajak (NOPAT)
(EVA)

PT. Ades Alfindo Putrasetia Tbk 6.6147777
PT. Alfa Retailindo Tbk
15.332049
PT. Andhi Candra A. Product, Tbk 3.9696536
PT. Aqua Golden Mississippi Tbk24.555778
PT. Astra International Tbk
25.691661
PT. Astra Otoparts Tbk
21.687999
PT. Bayer Indonesia Tbk
52.912018
PT. Bristol Myers Squibb Indonesia
22.264663
Tbk
PT. Dankos Laboratories Tbk
24.858249
PT. Enseval Putera Megatrading Tbk
50.166488
PT. Fast Food Indonesia Tbk
13.526596
PT. Goodyear Indonesia Tbk
6.4886079
PT. Gudang Garam Tbk
21.618443
PT. Hanjaya Mandala Sampoerna Tbk
23.758344
PT. Hexindo Adiperkasa Tbk
13.03525
PT. Indofood Sukses Makmur Tbk 7.521873
PT. Mandom Indonesia Tbk
22.457701
PT. Matahari Putra Prima Tbk
6.6966094
PT. Multi Bintang Indonesia Tbk 17.177125
PT. Mustika Ratu Tbk
11.986281
PT. Sari Husada Tbk
21.399928
PT. Selamat Sempurna Tbk
11.471891
PT. Tunas Ridean Tbk
11.938067
PT. Tempo Scan Pasific Tbk
18.762104
PT. Unilever Indonesia Tbk
32.842966
Jumlah
488.73512

145511.61
351063.84
125400.39
264636.1
15779441
1233307
380583.2
97327
485621.6
285417.14
159303.6
298117.55
9925637
7500161
330054.7
10034536
311489.3
2200612
302408
242127.08
859498
465074.5
656491
1484229
2132960
56051007.61

962526.9548
5382527.902
497796.1139
6498345.217
405400054.8
26747960.92
20137425.22
2166952.885
12071702.53
14318375.39
2154835.388
1934367.881
214576817.5
178191404.9
4302345.363
75478505.36
6995333.701
14736639.05
5194500.068
2902203.325
18393195.18
5335284.162
7837233.228
27847259.42
70052733.4
56051007.61

9539.23
53762.13
11716.88
70620.41
4557378.93
262902.88
153741.04
21678.52
125269.02
137725.25
39775.46
15769.67
2393919.15
1972064.93
43917.87
1452581.4
60468.59
160815.86
85055.83
22139.4
184001.86
62687.06
76644.56
330491.56
1015511.92
56051007.61

-952987.7248
-5328765.772
-486079.2339
-6427724.807
-400842675.8
-26485058.04
-19983684.18
-2145274.365
-11946433.51
-14180650.14
-2115059.928
-1918598.211
-212182898.4
-176219340
-4258427.493
-74025923.96
-6934865.111
-14575823.19
-5109444.238
-2880063.925
-18209193.32
-5272597.102
-7760588.668
-27516767.86
-69037221.48
56051007.61

Lampiran 6
Perhitungan Laba Operasi Sebelum Bunga dan Pajak (EBIT)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Nama Perusahaan
PT. Ades Alfindo Putrasetia Tbk
PT. Alfa Retailindo Tbk
PT. Andhi Candra Automotive Product, Tbk
PT. Aqua Golden Mississippi Tbk
PT. Astra International Tbk
PT. Astra Otoparts Tbk
PT. Bayer Indonesia Tbk
PT. Bristol Myers Squibb Indonesia Tbk
PT. Dankos Laboratories Tbk
PT. Enseval Putera Megatrading Tbk
PT. Fast Food Indonesia Tbk
PT. Goodyear Indonesia Tbk
PT. Gudang Garam Tbk
PT. Hanjaya Mandala Sampoerna Tbk
PT. Hexindo Adiperkasa Tbk
PT. Indofood Sukses Makmur Tbk
PT. Mandom Indonesia Tbk
PT. Matahari Putra Prima Tbk
PT. Multi Bintang Indonesia Tbk
PT. Mustika Ratu Tbk
PT. Sari Husada Tbk
PT. Selamat Sempurna Tbk
PT. Tunas Ridean Tbk
PT. Tempo Scan Pasific Tbk
PT. Unilever Indonesia Tbk
Jumlah

EBIT
14093.28
53800.58
15689.1
102638.41
6293130
342382
230477.59
34079.56
171113.19
192704.07
54346.65
24092.73
3449063
2974037
64845.39
2234774.8
88249.16
180488
123388
31449.91
262253
90958.05
110187
421982
1454653
19014875.47

Lampiran 7
Proporsi Hutang
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Nama Perusahaan
PT. Ades Alfindo Putrasetia Tbk
PT. Alfa Retailindo Tbk
PT. Andhi Candra Automotive Product, Tbk
PT. Aqua Golden Mississippi Tbk
PT. Astra International Tbk
PT. Astra Otoparts Tbk
PT. Bayer Indonesia Tbk
PT. Bristol Myers Squibb Indonesia Tbk
PT. Dankos Laboratories Tbk
PT. Enseval Putera Megatrading Tbk
PT. Fast Food Indonesia Tbk
PT. Goodyear Indonesia Tbk
PT. Gudang Garam Tbk
PT. Hanjaya Mandala Sampoerna Tbk
PT. Hexindo Adiperkasa Tbk
PT. Indofood Sukses Makmur Tbk
PT. Mandom Indonesia Tbk
PT. Matahari Putra Prima Tbk
PT. Multi Bintang Indonesia Tbk
PT. Mustika Ratu Tbk
PT. Sari Husada Tbk
PT. Selamat Sempurna Tbk
PT. Tunas Ridean Tbk
PT. Tempo Scan Pasific Tbk
PT. Unilever Indonesia Tbk

Wd
0.4
0.1
0.05
0.17
0.59
0.15
0.11
0.09
0.43
0.12
0.72
0.1
0.02
0.31
0.46
0.63
0.03
0.24
0.06
0.01
0.03
0.25
0.36
0.04
0.05

Wd
(%)
40
10
5
17
59
15
11
9
43
12
72
10
2
31
46
63
3
24
6
1
3
25
36
4
5

Lampiran 8
Rekapitulasi Data-Data laba Operasi Sebelum Bunga dan Pajak (EBIT),
Proporsi Hutang dan Economic Value Added (EVA)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Nama Perusahaan
PT. Ades Alfindo Putrasetia Tbk
PT. Alfa Retailindo Tbk
PT. Andhi Candra Automotive Product, Tbk
PT. Aqua Golden Mississippi Tbk
PT. Astra International Tbk
PT. Astra Otoparts Tbk
PT. Bayer Indonesia Tbk
PT. Bristol Myers Squibb Indonesia Tbk
PT. Dankos Laboratories Tbk
PT. Enseval Putera Megatrading Tbk
PT. Fast Food Indonesia Tbk
PT. Goodyear Indonesia Tbk
PT. Gudang Garam Tbk
PT. Hanjaya Mandala Sampoerna Tbk
PT. Hexindo Adiperkasa Tbk
PT. Indofood Sukses Makmur Tbk
PT. Mandom Indonesia Tbk
PT. Matahari Putra Prima Tbk
PT. Multi Bintang Indonesia Tbk
PT. Mustika Ratu Tbk
PT. Sari Husada Tbk
PT. Selamat Sempurna Tbk
PT. Tunas Ridean Tbk
PT. Tempo Scan Pasific Tbk
PT. Unilever Indonesia Tbk

EBIT
14093.28
53800.58
15689.1
102638.41
6293130
342382
230477.59
34079.56
171113.19
192704.07
54346.65
24092.73
3449063
2974037
64845.39
2234774.8
88249.16
180488
123388
31449.91
262253
90958.05
110187
421982
1454653

Proporsi Hutang
(%)
0.4
0.1
0.05
0.17
0.59
0.15
0.11
0.09
0.43
0.12
0.72
0.1
0.02
0.31
0.46
0.63
0.03
0.24
0.06
0.01
0.03
0.25
0.36
0.04
0.05

EVA
-952987.7248
-5328765.772
-486079.2339
-6427724.807
-400842675.8
-26485058.04
-19983684.18
-2145274.365
-11946433.51
-14180650.14
-2115059.928
-1918598.211
-212182898.4
-176219340
-4258427.493
-74025923.96
-6934865.111
-14575823.19
-5109444.238
-2880063.925
-18209193.32
-5272597.102
-7760588.668
-27516767.86
-69037221.48

Lampiran 9
Rekapitulasi Perhitungan EBIT, Proporsi Hutang
Dan EVA
No.
Sampel
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

EBIT

Proporsi
Hutang
14093.28
53800.58
15689.1
102638.4
6293130
342382
230477.6
34079.56
171113.2
192704.1
54346.65
24092.73
3449063
2974037
64845.39
2234775
88249.16
180488
123388
31449.91
262253
90958.05
110187
421982
1454653

EVA
0.4
0.1
0.05
0.17
0.59
0.15
0.11
0.09
0.43
0.12
0.72
0.1
0.02
0.31
0.46
0.63
0.03
0.24
0.06
0.01
0.03
0.25
0.36
0.04
0.05

-952988
-5328766
-486079
-6427725
-4.00E+08
-2.60E+07
-2.00E+07
-2145274
-1.20E+07
-1.40E+07
-2115060
-1918598
-2.10E+08
-1.80E+08
-4258427
-7.40E+07
-6934865
-1.50E+07
-5109444
-2880064
-1.80E+07
-5272597
-7760589
-2.80E+07
-6.90E+07

Lampiran 10

HASIL OLAH DATA DENGAN MENGGUNAKAN SPSS
Regression
Descriptive Statistics

EVA
EBIT
Proporsi_Hutang

Mean
-44671845.8583
760595.0188
.2208

Std. Deviation
91315479.28714
1494091.17814
.21069

N
25
25
25

Correlations

Pearson Correlation

Sig. (1-tailed)

N

EVA
EBIT
Proporsi_Hutang
EVA
EBIT

EVA
1.000
-.988
-.276
.
.000

EBIT
-.988
1.000
.318
.000
.

Proporsi_Hutang
-.276
.318
1.000
.091
.061

Proporsi_Hutang
EVA
EBIT
Proporsi_Hutang

.091
25
25
25

.061
25
25
25

.
25
25
25

Variables Entered/Removed(b)

Model
1

Variables Entered

Variables
Removed

Proporsi_Hutang,
EBIT(a)

Method
.

Enter

a All requested variables entered.
b Dependent Variable: EVA
Model Summary
Adjusted R
R
R Square
Square
.989(a)
.979
.977
a Predictors: (Constant), Proporsi_Hutang, EBIT
Model
1

Std. Error of the
Estimate
13948313.68984

ANOVA(b)
Sum of
Squares
df
Regression
195844182
2
173166200
.000
Residual
428022000
22
5386911.0
00
Total
200124402
24
178553100
.000
a Predictors: (Constant), Proporsi_Hutang, EBIT
b Dependent Variable: EVA
Model
1

Mean Square

F

97922091086
583100.000

Sig.

503.312

.000(a)

19455545479
0314.100

Coefficients(a)

Model

1

Unstandardized Coefficients

(Constant)
EBIT
Proporsi_Hutang

a Dependent Variable: EVA

B
2164640.788
61.237
-18431506.481

Std. Error
4118658.575
2.010
14254391.659

Standardize
d
Coefficients

t

Sig.

Beta
1.002
.043

-.526
30.465
1.293

.604
.000
.209