PENILAIAN KINERJA KEUANGAN PT. BANK MUAMALAT INDONESIA, TBK DENGAN METODE ECONOMIC VALUE ADDED

Fathia Ahya Nur Iman,Arry Widodo

doi:10.22219/jibe.vol7.no1.15-22

Fathia Ahya Nur Iman, Arry Widodo

Open Access

https://doi.org/10.22219/jibe.vol7.no1.15-22

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Abstract

The purpose of this study to determine the financial performance with the use of the EVA method to the assessment of the performance of PT Bank Mualamat Indonesia Tbk in the period 2010 - 2014. The research method used is quantitative descriptive method using Economic Value Added (EVA), which is an analytical method for evaluating the performance a company to take measurements of the profits (value) economically produced by the company during the period (period of time) specific. The results show the value of Bank Muamalat EVA is negative, meaning that Bank Muamalat in the year 20102014 can not create value-added enterprise or net operating profit after taxes (NOPAT) produced by the company is not able to finance or cover all capital costs or expenses incurred. In 2014 the value of EVA Bank Muamalat increasing, although still negative.

Highlights

The purpose of this study to determine the financial performance with the use of the Economic Value Added (EVA) method to the assessment of the performance of PT Bank Mualamat Indonesia Tbk in the period 2010 - 2014
The research method used is quantitative descriptive method using Economic Value Added (EVA), which is an analytical method for evaluating the performance a company to take measurements of the profits economically produced by the company during the period specific
The results show the value of Bank Muamalat EVA is negative, meaning that Bank Muamalat in the year 20102014 can not create value-added enterprise or net operating profit after taxes (NOPAT) produced by the company is not able to finance or cover all capital costs or expenses incurred

Summary

Invested Capital

Berdasarkan hasil perhitungan struktur modal Bank Muamalat pada tahun 2010 dapat diketahui bahwa Bank Muamalat selalu mengalami penurunan secara signifikan sampai 2014 sebesar 164,21%. Hal ini disebabkan oleh nilai WACC yang mengalami penurunan setiap tahunnya yakni pada periode 2010-. 2014, rd (biaya hutang) mengalami peningkatan pada tahun 2010-2013 meskipun pada tahun 2014 mengalami penurunan namun dalam jumlah kecil yakni hanya sebesar 4,18%, dan hutang dan Equity yang meningkat. Namun yang paling berpengaruh pada struktur modal yakni dengan melihat nilai WACC. Nilai Struktur Modal PT Bank Muamalat Indonesia Tbk Tahun 2010-2014 (dalam %)

Struktur Modal

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