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The article deals with the modern financial performance indicator EVA of the three leading companies in the automotive industry in Slovakia: Volkswagen Slovakia, Kia Motors Slovakia, PCA Slovakia. Based on the previous studies conducted by various authors, no company in Slovakia paid sufficient attention to the modern EVA indicator. Therefore, the paper aims to calculate the Economic Value Added as a tool to increase the effectiveness of financial performance management in selected companies for 2019. Following this study, it can be said that although the calculation of the modern EVA indicator is more complex, companies should pay sufficient attention to it, as it is a management tool used to value the company and also takes into account value creation for owners. Based on the calculation, we found that all of the three main companies achieved positive values of this modern indicator. Based on this, we conclude that the companies produce value from the funds invested in them. It is important to note that these companies are foreign companies that have decided to invest in the automotive industry in Slovakia. [ABSTRACT FROM AUTHOR]

Business performance measurement has become an important phenomenon of today. To measure the performance the variety of methods are used. In addition to the traditional methods, based on the calculation of the conventional indicators of ex-post and ex-ante financial analysis, the modern indicators are beginning to apply. These indicators include effects and risks of surroundings, sectoral indicators and also indicators focused on the future revenues and achievements resulting from the current decisions. The aim of this paper is to point out the performance of the selected industry in the Slovak Republic with the application of all abovementioned methods of the performance evaluation, principally the modern ones. Methods applied in this contribution include comparative analysis, method of scoring and correlation. When building a creditworthy model the method of comparison with mean values respectively the optimum values, as well as the method of scoring will be used. The research and measurements conducted will result in the proposal of the key performance indicators - financial and sectoral - for the given industry and the performance evaluation of the industry with regard to the EVA indicator. [ABSTRACT FROM AUTHOR]