Article
ANALISIS KINERJA KEUANGAN MENGGUNAKAN METODE ECONOMIC VALUE ADDED PADA PT BANK PEMBANGUNAN DAERAH SULAWESI TENGGARA
JURNAL AKUNTANSI DAN KEUANGAN, Vol. 10 No. 1 (2025), hlm. 154–163
Abstrak
The financial performance analysis of PT Bank Sultra from 2019 to 2023 was conducted using the Economic Value Added (EVA) method with a descriptive quantitative approach and documentation study. The results indicate that PT Bank Sultra consistently recorded a positive EVA (EVA > 0), signifying value creation for shareholders. EVA components fluctuated throughout the study period, with NOPAT declining in 2022 due to increased interest expenses but rising significantly in 2023 following revenue growth. The lowest Invested Capital was recorded in 2020 due to an increase in short-term debt, while the highest occurred in 2023 alongside the growth of debt and equity. WACC reached its lowest point in 2023 due to lower debt costs and tax rates, whereas the highest value was recorded in 2020 due to higher debt and equity costs. Capital Charges were lowest in 2022 due to stable Invested Capital and lower WACC, while the highest value occurred in 2020 as both factors increased. Despite fluctuations in EVA components, PT Bank Sultra successfully maintained value creation for shareholders throughout the study period.