Eva-Based Analysis of the Experience of Pt. Bank Pan Indonesia Tbk and Pt. Bank Bukopin Tbk for the Period of 2017-2021 in Indonesia
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2022, Vol 5, Issue 11
Abstract
PT. Bank Pan Indonesia Tbk and PT. Bank Bukopin Tbk performance will be evaluated in this research utilizing the 2017-2021 EVA technique. Secondary data are employed in a quantitative research technique. The information was gleaned from the published reports of PT. Bank Pan Indonesia Tbk and PT. Bank Bukopin Tbk in the form of documents. Analysis of the data utilized is EVA with indications if (1) EVA> 0 indicates a process of added economic value or strong company performance, (2) EVA=0 indicates break-even or profit created to cover debts, and (3) EVA0 indicates there is no added economic value or total capital is larger than profit. Profit before taxes, weighted average cost of capital, and capital structure make up the three components of EVA. According to study with EVA estimates done at PT. Bukopin Tbk and PT. Panin Tbk over 2017–2021, the two banks did not create additional economic value, or had an EVA of zero. The corporation is prevented from creating economic added value by a number of circumstances. One of the causes is that, despite the fact that the after-tax profit created is far lower than other costs, the cost of debt is still substantial. This is due to the high interest costs incurred yet the limited availability of long-term debt or outside borrowing.
Authors and Affiliations
Khalid Fauzi Aziz
Keywords
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- EP ID EP712846
- DOI 10.47191/ijmra/v5-i11-29
- Views 78
- Downloads 0
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