TINJAUAN KOMPARASI KINERJA KEUANGAN BANK SYARIAH MELALUI PENDEKATAN ECONOMIC VALUE ADDED (EVA)

2016 ◽  
Vol 1 (1) ◽  
pp. 49-60
Author(s):  
Rachma Zannati ◽  
Dwi Urip Wardoyo
Keyword(s):  
Financial Performance ◽  
Return On Investment ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Added Value ◽  
Islamic Banking ◽  
Economic Value Added ◽  
Test Analysis ◽  
Competition Level

This study aims to determine (a) What degree of financial performance of Islamic Banking through EVA approach with samples of the two largest Islamic banks, namely PT. Bank Syariah Mandiri and PT. Bank Muamalat Indonesia, and (b) how the competition level of return on investment returns through the value of EVA in two of the company's competitors. The population in this study were all Islamic banking companies listed in Indonesia Stock Exchange. Test analysis used in this study is to test the calculation of economic value added. This study shows that (a) The level of financial performance that has economic value to the PT. Bank Syariah Mandiri and (b) the level of financial performance that has economic value to the PT. Bank Muamalat Indonesia. In addition, the competition level of return on investment to the two banks showed that each bank is able to provide economic added value for its stakeholders with the same degree of movement. Keywords: Economic Value Added (EVA), Financial Performance

KOMPARASI KINERJA KEUANGAN MELALUI PENDEKATAN ECONOMIC VALUE ADDED (EVA) PADA PERUSAHAAN TRANSPORTASI DI JAKARTA

2018 ◽  
Vol 3 ◽  
pp. 223-232
Author(s):  
Dwi Urip Wardoyo
Keyword(s):  
Financial Performance ◽  
Service Industry ◽  
Economic Value ◽  
Value Added ◽  
Added Value ◽  
Economic Value Added ◽  
Test Analysis ◽  
Transportation Service ◽  
Income Statement

This study aims to compare financial performance through profitability generated by two market participants in the witness transportation service industry in Jakarta, namely PT. BB compared to PT. ETU, this assessment is measured not limited to the profit generated but more than that by measuring financial added value through the concept of Eonomic Value Added produced by the two companies. The population in this study were all taxi transportation service companies in Jakarta. The sampling method selected two taxi companies that have the largest market share in DKI Jakarta, namely BB Taxi and ETU Taxi. The test analysis used in this study is ratio analysis through profit calculation and economic added value from the annual income statement. This study shows that there are (a) determination of the ratio of profit levels, (b) Determination of the comparison of economic value added of the two companies. Keywords :  Financial performance, Economic Value Added (EVA)

scholarly journals AnalisisKinerja Keuangan Perusahaan Sektor Pertambangan yang Terdaftar di Jakarta Islamic Index dengan Menggunakan Economic Value Added

2019 ◽  
Vol 7 (2) ◽  
pp. 1493
Author(s):  
Halkadri Fitra ◽  
Henri Agustin ◽  
Salma Taqwa ◽  
Erly Mulyani
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Weighted Average ◽  
Value Added ◽  
Secondary Data ◽  
Added Value ◽  
Economic Value Added ◽  
Mining Sector ◽  
Capital Costs

This study aims to determine the financial performance of mining sector companies listed on the Jakarta Islamic Index based on EVA (Economic Value Added) analysis. The research conducted is a descriptive study with a quantitative approach using secondary data from 2014 to 2018 obtained from the Indonesia Stock Exchange and companies that are the object of research. The study population is all mining sector companies listed on the Jakarta Islamic Index while the sample uses a purposive sampling method with the sample taken is the mining sector companies listed on the Jakarta Islamic Index in the June-November 2019 period. Data analysis starts from the calculation of net operating profit after taxes, weighted average capital costs, invested capital, costs of capital and finally calculating EVA values from 2014 to 2018. The results show that the financial performance of mining companies listed on the Jakarta Islamic Index is well indicated by positive EVA values so it can be concluded that the management of the company has been able to provide added value to shareholders and investors.Keywords:Cost of Capital, EVA, Weighted Average Cost Of Capital

scholarly journals ANALISIS PERBANDINGAN ECONOMIC VALUE ADDED (EVA) DAN FINANCIAL VALUE ADDED (FVA) SEBAGAI ALAT UKUR PENILAIAN KINERJA KEUANGAN PADA INDUSTRI PERKEBUNAN DI BURSA EFEK INDONESIA

2010 ◽  
Vol 3 (1) ◽  
pp. 75-92
Author(s):  
Nora Alverniatha ◽  
Samuel Dossugi
Keyword(s):  
Financial Performance ◽  
Performance Assessment ◽  
Time Series Data ◽  
Stock Exchange ◽  
Descriptive Analysis ◽  
Economic Value ◽  
Value Added ◽  
Added Value ◽  
Series Data ◽  
Economic Value Added

Economic Value Added (EVA) and the Financial Value Added (FVA) are the concept of management performance assessment based on the size of the added value which is created by the company during the specified period. EVA measures the economic profit of the company taking into account the cost of capital, whereas FVA earnings measure taking into account the contribution of fixed assets in generating net profits of the company. The study aims to determine the ratio of Economic Value Added (EVA) and the Financial Value Added (FVA) as a measurement of financial performance assessment on the industrial estates listed in Indonesia Stock Exchange for the period 2004 to 2009. The method used a descriptive analysis method using time series data. The results of this study indicated that companies using EVA to create economic value and have a good financial performance from 2004 until 2009. While using the FVA, the company is also able to create a positive financial value of good financial performance from 2004 until 2009. The results also show that there are significantly differences between the EVA and the FVA for the period 2004 to 2009.

scholarly journals ANALISIS PERBANDINGAN ANTARA RASIO KEUANGAN DAN METODE ECONOMIC VALUE ADDED SEBAGAI PENGUKUR KINERJA KEUANGAN PERUSAHAAN (STUDI KASUS PADA PERUSAHAAN ROKOK YANG TERDAFTAR DI BEI PERIODE TAHUN 2012 -2014

2016 ◽  
Vol 1 (01) ◽  
Author(s):  
Any Arisanti ◽  
IBK Bayangkara
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Financial Ratios ◽  
Economic Value Added ◽  
New Approach ◽  
Financial Situation ◽  
The Past

This study aimed to describe and compare the company's financial performance as measured by the method of Economic Value Added (EVA) is a new approach which assesses the company's financial performance by taking into account the expectations of donors, particularly shareholders and creditors. Financial Ratios and analysis to assess the company's financial situation in the past, present and future. The research object is a cigarette company listed on the Stock Exchange in the period 2012 - 2014, that are PT. Gudang Garam Tbk, PT. HM Sampoerna Tbk, PT. Bentoel Internasional Investama Tbk, and PT. Wismilak Inti Makmur, Tbk. This type of research is comparative descriptive, while the data used is secondary data obtained from the Indonesia Stock Exchange. The Results of financial ratios calculation fluctuated every company each year. In the EVA calculation are the average of 2012 - 2014, PT. HM Sampoerna Tbk has the highest EVA value, then PT. Gudang Garam Tbk, hereinafter PT. Bentoel Internasional Investama Tbk and last PT. Wismilak Inti Makmur, Tbk. EVA is always positive (EVA> 0) in 2012-2014 means that the management company is able to create economic value for shareholders, and of course the company's financial performance is also good.Keywords: financial performance, financial ratios, EVA

scholarly journals ANALISIS KINERJA KEUANGAN DENGAN METODE ECONOMIC VALUE ADDED (EVA) PADA PT. FAST FOOD INDONESIA Tbk.

2019 ◽  
Vol 11 (1) ◽  
pp. 69-74
Author(s):  
Fatichatur Rachmaniyah ◽  
Arief Yuswanto Nugroho
Keyword(s):  
Qualitative Research ◽  
Financial Performance ◽  
Fast Food ◽  
Quantitative Data ◽  
Economic Value ◽  
Value Added ◽  
Added Value ◽  
Economic Value Added ◽  
Data Types ◽  
Research Analysis

This study aims to analyze the financial performance of PT. Fast Food Indonesia in 2013-2017 with the approach of Economic Value Added (EVA). This type of research is descriptive qualitative research with quantitative data types, because this study examines a case at PT. Fast Food Indonesia Tbk which is carried out intensively, deeply and comprehensively. The research analysis of financial performance of PT. Fast Food Indonesia, produces EVA> 0 (positive value), this can be said that the company has good financial performance. However, when viewed from the accumulation of calculation data from the 2013-2017 period, the EVA value fluctuated quite significantly and tended to decline, but it still could produce economic added value.

scholarly journals Analisis Kinerja Keuangan Pada PT. Bumi Sarana Utama Menggunakan Metode Economic Value Added (EVA)

2021 ◽  
Vol 1 (11) ◽  
pp. 762-775
Author(s):  
Mansurya Mansurya ◽  
Abdi Akbar Idris ◽  
Anwar Anwar
Keyword(s):  
Data Collection ◽  
Capital Structure ◽  
Financial Performance ◽  
Economic Value ◽  
Value Added ◽  
Negative Trend ◽  
Added Value ◽  
Economic Value Added ◽  
Operating Profit ◽  
Operational Activities

This study aims to analyze the financial performance of PT. Bumi Sarana Utama during 2015 to 2019 using the method Economic Value Added (EVA). Data collection used using documentation techniques. The results showed that the value of the Economic Value Added (EVA) of PT. Bumi Sarana Utama during 2015, 2016, 2018, and 2019 was negative (EVA < 0) which means the company is not able to provide or generate economic added value in its operational activities. Even though they had a positive value in 2017, they could no longer maintain this condition in 2018 and 2019. This was due to a consistent decline in operating profit (NOPAT) and changes in the capital structure whose value fluctuated and tended to decline as a result of the changing urgency of asphalt demand. to the concrete and make the EVA value of PT. Bumi Sarana Utama continues to have a negative trend.

scholarly journals (Setahun) Bali United IPO: Analisis Economic Value Added (EVA) dan Market Value Added (MVA)

MBIA ◽  
2020 ◽  
Vol 19 (3) ◽  
pp. 309-319
Author(s):  
Yeni Widyanti ◽  
Ryan Al Rachmat ◽  
Eka Sevtia Mesta
Keyword(s):  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Added Value ◽  
Economic Value Added ◽  
Financial Reports ◽  
Football Club ◽  
First Semester ◽  
Market Value Added

This study aims to analyze the financial performance of the Bali United Football Club, which is the first football club in Indonesia to be listed on the Indonesia Stock Exchange (IDX) in 2019. The sample used in this study is PT Bali Bintang Sejahtera Tbk which is a company that manages Bali United football club. The type of data used is quantitative data obtained from the IDX website and the club consisting of financial reports 2019. The analysis technique is carried out with a quantitative descriptive method using the Economic Value Added (EVA) and Market Value Added (MVA) methods. The results of the analysis show that 2018 - 2019 has not been able to create added economic value for the company. This is indicated by the negative EVA value for two consecutive years. Whereas in 2020, which can be seen from the semester report per June 2020, the company's EVA value shows positive results, this is a good step for the company considering that the financial statements in the first semester of the company were able to produce a fairly high NOPAT, this also had an influence on the EVA value which positive which means the company has been able to create added value for the company.   Abstrak Penelitian ini bertujuan untuk menganalisis kinerja keuangan Klub Sepak Bola Bali United yang merupakan klub sepak bola pertama di Indonesia yang listing di Bursa Efek Indonesia (BEI) pada tahun 2019. Sampel yang digunakan dalam penelitian ini adalah PT Bali Bintang Sejahtera Tbk yang merupakan induk perusahaan yang mengelola klub Bali United. Jenis data yang digunakan adalah data kuantitatif yang diperolah dari situs BEI dan klub yaitu laporan keungan tahun 2019. Tekknik analisis dilakukan dengan metode deskriptif kuantitatif yakni menggunakan metode Evonomic Value Added (EVA) dan Market Value Added (MVA). Hasil analisis menunjukkan tahun 2018 – 2019 belum bisa menciptakan nilai tambah ekonomi bagi perusahaan. Hal ini ditunjukkan dengan nilai EVA yang negatif selamat dua tahun berturut-turut. Sedangkan pada tahun 2020 yang bisa dilihat dari laporan semester per Juni 2020 nilai EVA perusahaan menunjukkan hasil yang positif hal ini merupakan langkah yang baik bagi perusahaan mengingat laporan keuangan pada semester pertama perusahaan mampu menghasilkan NOPAT yang cukup tinggi hal ini juga membawa pengaruh terhadap nilai EVA yang positif yang berarti perusahaan telah mampu menciptakan nilai tambah bagi perusahaan. Kata kunci: Kinerja Keuangan, EVA, MVA

scholarly journals Evaluasi Economic Value Added (EVA), Financial Value Added (FVA) dan Market Value Added (MVA) dengan Time Series Approach Sebagai Alat Penilaian Kinerja Keuangan. ( Pada PT. Garuda Indonesia Tbk Periode 2015-2019)

MANAJERIAL ◽  
2021 ◽  
Vol 8 (03) ◽  
pp. 294
Author(s):  
Diyanti Rifal Agustin ◽  
Ni Nyoman Putu Martini ◽  
Tatit Diansari Riskiputri
Keyword(s):  
Time Series ◽  
Financial Performance ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Added Value ◽  
Economic Value Added ◽  
Literature Study ◽  
Time Series Approach ◽  
Market Value Added

Background – Financial performance is a company's work performance that has been achieved in a certain period and can be seen in the financial statements of the company concerned. Financial statement analysis using conventional methods is often used by companies to measure their financial performance, namely financial ratio analysis. PT Garuda Indonesia Tbk, must have the option to create value added or large profits and create or add value to the capital that has been donated to meet the assumptions for financial backers (financial backers or investors). Purpose – Measure financial performance with Economic Value Added (EVA), Financial Value Added (FVA) and Market Value Added (MVA). Design/ Methodology/ Approach – This is a descriptive research with a quantitative approach. Sources of data in this study using external secondary data sources obtained through literature study which is arranged in the form of documents in the form of financial reports. The analysis technique in this study uses Time Series Analysis. Results and Discussion - EVA measurement with a time series approach from 2015-2019 the average EVA is -25,291,800.85, this indicates that the company has not been able to provide added value to shareholders because EVA is negative (EVA<0) so it is said to perform Not Good. Measurement of FVA with a time series approach from 2015-2019 the average FVA is 21,359,193.35, this indicates that the company is able to provide added financial value for companies and investors because the FVA value is Positive (FVA> 0) so it is said to be performing well . MVA measurement with a time series approach from 2015-2019 the average MVA is 9,019.927,024,116, this indicates that the company is able to provide added value because the MVA value is Positive (MVA> 0) so it is said to be performing well. Conclusion – EVA, FVA, and MVA values ​​in 2015 were positive, in 2016 EVA and FVA were negative while MVA was positive, in 2017 EVA was negative while FVA and MVA were positive, in 2018 EVA was negative, FVA and MVA were positive, in 2018 2019 EVA, FVA, and MVA are positive. Research Implications - The research results in this study can be considered by the management of PT Garuda Indonesia in assessing and evaluating the company's financial performance.

scholarly journals ANALISIS KINERJA KEUANGAN BERDASARKAN ECONOMIC VALUE ADDED (EVA) DAN FINANCIAL VALUE ADDED (FVA) (STUDI KASUS PADA PT. NIPPON INDOSARI CORPINDO TBK. TAHUN 2014-2018)

2020 ◽  
Vol 7 (2) ◽  
pp. 103
Author(s):  
Nangsi Mohamad ◽  
Lanto Miriatin Amali ◽  
Meriyana Franssisca Dungga
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Research Data ◽  
State University ◽  
Economic Value Added ◽  
Average Value ◽  
Quantitative Descriptive

Analysis of Financial Performance based on Economic Value Added (EVA) and Financial Value Added (FVA) (Case Study at PT. Nippon Indosari Corpindo Tbk in 2014-2018). Bachelor’s Degree Program in Management, Faculty of Economics, State University of Gorontalo. The principal sepervisior is Lanto Miriatin Amali, S. Sos., M.Si., and the co-supervisor is Meriyana Frsansissca Dungga, SE, MM. The research objective was to find out the financial performance of company based on analysis Economic Value Added (EVA) and Financial Value Added (FVA) from 2014 to 2018 at PT. Nippon Indosari Corpindo Tbk. The research data were obtained through financial statement in Indonesia Stock Exchange in form of company’s annual statement. The research data were secondary data. The research method used quantitative descriptive. The research sample focused on PT. Nippon Indosari Corpindo Tbk at Indonesia Stock Exchange (IDX). The research finding indicated that the result of calculation from economic value added (EVA) and Financial Value Added (FVA) at PT. Nippon Indosari Corindo Tbk listed in Indonesia Stock Exchange (IDX) fluctuated or limit of economic value added and limit of financial value added were dynamic expriencing movement although the condition of value was dynamic (up-down). Yet the average value of both was > 0 (positive) so that it was assumed to have been able to create economic value added and financial value added.

scholarly journals Analisis Kinerja Keuangan Dengan Metode Economic Value Added (EVA), Market Value Added (MVA), dan Financial Value Added (FVA)

2019 ◽  
Vol 20 (2) ◽  
pp. 200-210 ◽  
Author(s):  
Rahmah Arafati Masyiyan
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Sampling Technique ◽  
Economic Value Added ◽  
Analysis Techniques ◽  
Operating Profit ◽  
Market Value Added

EVA, MVA, and FVA analysis techniques are used to see better and more efficient financial performance of the company. This study aims to determine financial performance based on EVA (Economic Value Added) method, Market Value Added, and Financial Value Added in coal mining sub-sector companies listed on the Indonesia Stock Exchange. This study uses a descriptive quantitative method, with a purposive sampling technique in the coal subsector mining companies listed on the Stock Exchange and posting operating profit for the period 2014-2018.EVA results in this study are 6 companies with stock codes BYAN, DOID, ITMG, PTBA, SMMT, and TOBA which have positive EVA values over a period of 5 years. Then from this study there are MVA results that tend to be negative. There are 3 companies with stock codes DOID, ITMG, and PTRO that have negative MVA values each year for a period of 5 years. Then for the FVA value generated in this study, there are 3 companies that have negative FVA values each year during the study period, those companies are companies with stock codes DOID, KKGI, and PTRO.

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