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Analisa kinerja keuangan dengan menggunakan rasio keuangan dan pendekatan keuangan dan pendekatan economic value added (studi kasus PT. Bank Syariah Mandiri dan PT. Bank Muamalat Indonesia)
Abstract
This research is performed on order to analyze financial performance of Bank Syariah Mandiri and Bank Muamalat Indonesia in January 2009 – December 2011 periods using financial ratios and Economic Value Added approach. The proxy of financial performance are Return on Asset (ROA), Return on Equity (ROE), Net Profit Margin (NPM) and BOPO. This research using time series data from three monthly published financial reports January 2009 – December 2011.
The research is started from data collection which is the secondary data, then processed it manually use a calculator and also use the computer software programs to be analyzed quantitatively. The results of the quantitative analysis would interpreted descriptively.
The result from financial ratios analysis is indicate the increase tendency since 2009-2011. At the same time, the result of Economic Value Added showed a decrease in performance of the BSM 2009-2011 indicated by the negative results of EVA, except in 2009. The EVA results obtained in 2009-2011 was Rp.542.000.000, Rp.-1.304.000.000, Rp.-12.172.000.000. It shows that in 2010 and 2011 BSM has no avail to creating economic added value of the company. Whereas the results has an increase in BMI EVA results showed an increase in performance from 2009-2011. The value obtained in the period 2009 to 2011 is Rp.-19.000.000, Rp.-3.000.000, Rp.3.000.000. These results indicate that in 2009 and 2011 BMI has created economic value added to the company
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