Comparison of Income Statement Approach and Shari'ate Value Added Statement Approach in Assessing the Financial Performance of Islamic Banks in Indonesia

The purpose of this study is to comparison in financia performance of Islamic banks in Indonesia by using the Income Statement (IS) approach and Shari'ate Value Added Statement (SVAS) approach. The type of research is quantitative, sample using a purposive sampling technique with the criteria of Islamic banks in Indonesia the which presents a financial annual report the period 2008-2012. Financial ratios used consisted of Return On Asset (ROA), Return on Equity (ROE), the ratio between the total net income by total productive assets (LBAP), Net profite Margin (NPM), and Operating Expense to Operation Income (OEOI), Analysis tool used to prove the hypothesis of this study is an independent sample t-test and Mann Whitney U. The result Showed that the average financial ratios (ROA, ROE, LBAP, NPM and OEOI) there are differences singnificant between the model of IS and SVAS. Differences in the ratio of financial performance is due to the differences in the design of the presentation and disclosures relating to profit and added value. Income Statement "IS" looked at income as profit, whereas the Shari'ate Value Added Statement "SVAS" looked at income as an added value.

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KOMPARASI KINERJA KEUANGAN PERBANKAN SYARIAH BERBASIS PENDEKATAN LABA RUGI DAN NILAI TAMBAH

IKONOMIKA ◽

10.24042/febi.v1i2.150 ◽

2017 ◽

Vol 1 (2) ◽

pp. 157

Author(s):

Yulianti Saifudin ◽

Yayan Pribadi

Keyword(s):

Value Added ◽

Financial Statements ◽

Financial Ratios ◽

Analysis Tool ◽

Net Income ◽

Financial Ratio ◽

Islamic Bank ◽

Income Statement ◽

Net Profit ◽

Productive Assets

Abstract-The objectives of this study are to analyze the differences in financial performance of Islamic bank by using the income statement approach and value added approach on financial ratios. Financial ratios used consisted of ROA, ROE, the ratio between the total net income by total earning assets, NPM, and BOPO. The Object used in this study are listed Islamic Bank at Bank Indonesia. Population of this research are the financial statements of Islamic Banks, while the sample used was the financial statements for 2010-2014 for each income statement and the value added statement. Analysis tool used to prove the hypothesis of this study is an independent sample t-test.The results showed that the average financial ratio (ROA, ROE, net profit ratio of productive assets, and NPM) there are significant differences between the Income Statement and Value Added Statement, while the BOPO ratio between the Income Statement and the Value Added Statement there is not a difference.

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Analisis Perbandingan Kinerja Keuangan PT Bank Syariah Mandiri Dengan Menggunakan Pendekatan Laba Rugi Dan Nilai Tambah Periode Tahun 2016-2020

Jurnal Ilmiah Akuntansi Kesatuan ◽

10.37641/jiakes.v9i2.871 ◽

2021 ◽

Vol 9 (2) ◽

Author(s):

Nuri Fitriani ◽

Ratih Puspitasari

Keyword(s):

Financial Performance ◽

Balance Sheet ◽

Value Added ◽

Financial Statements ◽

Added Value ◽

Islamic Banking ◽

Islamic Banks ◽

Income Statement

The analysis of the financial performance of Islamic banks so far has been carried out only based on the balance sheet and income statements, not using the value added report as recommended by Baydoun and Willet (2000), an expert in Islamic accounting. The purpose of this research is to review the financial performance of Islamic banking by comparing the results of financial performance using the profit and loss approach and those using added value. To obtain accurate evidence regarding differences in the financial performance of Islamic banking when calculated using the profit and loss approach and added value, it is seen from the ratio of ROA, ROE, LBAP, NPM and BOPO. This study took a sample on the financial statements of PT. Bank Syariah Mandiri 2016 to 2020. Keywords: Financial Performance, Income Statement, Value Added Report

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

Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT ◽

10.36226/jrmb.v3is1.140 ◽

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)

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Evaluation of the Financial Performance of Tourism Companies Traded in BIST via a Hybrid MCDM Model

International Journal of Applied Research in Management and Economics ◽

10.33422/ijarme.v2i4.274 ◽

1970 ◽

Vol 2 (4) ◽

pp. 20-32

Author(s):

Ahmet Aytekin

Keyword(s):

Financial Performance ◽

Added Value ◽

Financial Ratios ◽

Publicly Traded ◽

Return On Equity ◽

Coverage Ratio ◽

Thomson Reuters ◽

Asset Turnover ◽

Inventory Turnover ◽

Equity Ratio

Tourism, the smokeless industry, has increasing importance in the development of countries because it creates added-value and employment. In Turkey, one of the World's most visited countries, the importance of this sector makes itself felt in economic crisis periods. On the other hand, in terms of investors, tourism companies always have the potential to be included in their portfolios. In this context, the aim of this study evaluates the financial performances of tourism companies publicly traded in BIST. For this purpose, the data of 2014-2018 were obtained from the Thomson Reuters Datastream database. The current ratio, quick ratio, cash ratio, debt ratio, total debt/equity ratio, net margin, return on equity, interest coverage ratio, total asset turnover, inventory turnover, and receivable turnover were used as financial ratios. The CRITIC method, one of the objective weighting methods, was applied to determine the importance level of financial ratios. A hybrid model consisting of MAUT, PROMETHEE and TOPSIS was used for evaluation of the companies. These techniques are based on different perspectives and algorithms. In this model, Borda was applied for aggregation of each techniques' ranking values. Thus, the financial performance of the tourism companies for the years 2014-2018 was evaluated more effectively. In conclusion, the company with the best financial performance is Marmaris Altınyunus (MAALT) in this period.

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Measuring Sharia Bank Performance by Syari'ate Value Added Approach: Sharia Enter-prise Implementation in Sharia Banking in Indonesia

Journal of Economics Business and Accountancy Ventura ◽

10.14414/jebav.v20i3.769 ◽

2018 ◽

Vol 20 (3) ◽

Author(s):

Sri Wahyuni ◽

Pujiharto Pujiharto

Keyword(s):

Financial Performance ◽

Value Added ◽

Islamic Banking ◽

Return On Equity ◽

Income Statement ◽

Significant Difference ◽

Net Profit ◽

Productive Asset ◽

Enterprise Theory ◽

Research Period

This study aims to measure the financial performance of Islamic banking in Indonesia using Shari’ate Value Added Approach. This research also analyzes whether there are significant differences of financial performance of Islamic banking using the income statement approach and shari’ate value added approach. The sample of this study is islamic banking, with research period 2010-2015, selected using a purposive sampling. Financial performance used in this study is Return on Asset (ROA), Return on Equity (ROE), Net Profit to Productive Asset (NPPA), and Net Profit Margin (NPM). They were analyzed using independent sample t test. The result shows that financial performance of Islamic banking is healty. There are significant differences of financial performance (ROA, ROE, and NPM) of islamic banking measured by means of income statement approach and syari’ate value added statement approach. Yet, there is no significant difference of NPPA of Islamic banking measured by the income statement approach and syari’ate value added statement approach. The result of this study provide a significant contribution to developing syariah enterprise theory. For manager of Islamic banking, Bank Indonesia and Sharia Financial Standard Board, they can use this ese findings to make policies related to the measurement of Islamic Banking performance.

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PENGARUH LIKUIDITAS (CURRENT RATIO) TERHADAP RETURN SAHAM: PERAN PEMEDIASI PROFITABILITAS (RETURN ON EQUITY) PADA PERUSAHAAN SUB SEKTOR KONSTRUKSI BANGUNAN DI BURSA EFEK INDONESIA PERIODE 2016-2018

Jurnal Fokus Manajemen Bisnis ◽

10.12928/fokus.v10i1.1827 ◽

2020 ◽

Vol 10 (1) ◽

pp. 13

Author(s):

Taufik Hidayat

Keyword(s):

Stock Returns ◽

Stock Exchange ◽

Sampling Technique ◽

Building Construction ◽

Analysis Tool ◽

Net Income ◽

Current Ratio ◽

Financial Reports ◽

Return On Equity ◽

Negative Effect

This study aims to determine the effect of the liquidity ratio (CR) on stock returns with the role of profitability (ROE) as a mediator. This study takes the object of building construction sub-sector companies listed on the Indonesia Stock Exchange for the period of 2016-2018. The population in this research is all companies in the building construction sub sector listed on the Indonesia Stock Exchange in the 2016-2018 period as many as 17 companies. The sampling technique uses purposive sampling using several criteria, namely the building construction sub-sector companies listed on the Indonesia Stock Exchange in the 2016-2018 period, companies that submit financial reports during the research period and companies that have positive net income reports. The number of samples that fit the criteria were 10 companies. The data analysis tool uses panel data regression analysis using Eviews 6. The results of the study show that the current ratio has a negative effect on stock returns, the current ratio has a positive effect on return on equity, return on equity has a negative effect on stock returns.

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ANALISIS PERBANDINGAN KINERJA KEUANGAN BANK SYARIAH DENGAN MENGGUNAKAN INCOME STATEMENT APPROACH DAN VALUE ADDED APPROACH

MBIA ◽

10.33557/mbia.v18i2.505 ◽

2019 ◽

Vol 18 (2) ◽

pp. 31-42

Author(s):

Dimas Pratama Putra

Keyword(s):

Financial Performance ◽

Value Added ◽

T Test ◽

Islamic Banking ◽

Islamic Banks ◽

Purposive Sampling ◽

Paired Samples ◽

Income Statement

Abstract This study was conducted on Islamic Banking in Indonesia. The direction of this study to analyze financial performance of Islamic banking with income statement approach and value added approach. Population in this study is the 13 islamic Banks. The sample is taken using purposive sampling with specified criteria resulting 6 islamic Banking in Indonesia. This study conducted through Paired samples t-test by using SPSS 20. For testing the variable, researcher exercise financial rasio. The results show that : (1) There are significant differences on the ROA ratio if analyzed with income statement approach and value added approach, (2) There are significant differences toward ROE ratio with income statement approach dan value added approach, (3) There are significant differences on the LBAP ratio if analyzed with income statement approach and value added approach, (4) There are significant differences toward NPM ratio with income statement approach and value added approach. The overall results of the study are significant differences in financial performance with income statement approach and value added approach.

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Hubungan Analisis Ratio Keuangan dengan Kesehatan Perusahaan

The Winners ◽

10.21512/tw.v10i2.710 ◽

2009 ◽

Vol 10 (2) ◽

pp. 156

Author(s):

Soekarso Soekarso

Keyword(s):

Balance Sheet ◽

Value Added ◽

Financial Statements ◽

Added Value ◽

Financial Ratios ◽

Ratio Analysis ◽

Business World ◽

Financial Ratio ◽

Financial Ratio Analysis ◽

Income Statement

In the business world, companies develop a vision and mission to improve welfare in the future. The work program the company is to achieve productivity and profitability. Finance in the company is one of the strategic functions that includes wealth management and transformation of added value (added value) and also the control of corporate health. The financial statements such as balance sheet (balance sheet), profit and loss statement (income statement), and financial ratio (financial ratios), reflects the company's performance and health. Financial ratio analysis relates to the health of the company through a ratio of effectiveness, efficiency, productivity, profitability, liquidity, and solvability. Analysis shows that whenever actual value of financial ratios is above standard it means the company is healthy, and when the actual value of financial ratios is below the standard, it reversely means that companies are not healthy.

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ANALISIS PERBANDINGAN KINERJA KEUANGAN BANK KONVENSIONAL DENGAN BANK SYARIAH PERIODE 2015-2019

Jurnal Akuntansi Bisnis ◽

10.30813/jab.v14i2.2511 ◽

2021 ◽

Vol 14 (2) ◽

Author(s):

Ila Komalasari ◽

Wirman Wirman

Keyword(s):

Financial Performance ◽

Random Sampling ◽

Sampling Technique ◽

Simple Random Sampling ◽

Financial Ratios ◽

Islamic Banks ◽

Banking Services ◽

Conventional Banks ◽

Banking Institution ◽

Descriptive Method

ABSTRACT: Even though the majority of the population of Indonesia is Muslim, there is a lack of views about the advantages of Islamic banks, so they prefer to use conventional banking services. The target to be achieved is to find out whether there is a dissimilarity between conventional banks and Islamic banks in their financial performance. And to find out which banking institution is superior based on financial performance ratios. This study uses a comparative descriptive method through a quantitative approach. The sampling technique used is simple random sampling technique. The data used are financial ratios, namely CAR, NPL/NPF, ROA, BOPO, and LDR/FDR. Then the facts are as follows: 1) There is dissimilarity in CAR performance between the two banks, and CAR at conventional banks is superior to Islamic banks. 2) There is dissimilarity in the performance of NPL/NPF between the two banks, and the NPL/NPF of conventional banks is superior to that of Islamic banks. 3) There is no dissimilarity in ROA performance between the two banks, and ROA at conventional banks is superior to Islamic banks. 4) There is no dissimilarity in BOPO performance between the two banks, and BOPO at conventional banks is superior to Islamic banks. 5) There is no dissimilarity in the performance of LDR/FDR between the two banks, and LDR/FDR in Islamic banks is superior to conventional banks.Keywords: Conventional Banks, Islamic Banks, Financial Performance, Financial Ratios ABSTRAK: Kendatipun sebagian besar penduduk negara Indonesia beragama Muslim, namun minimnya pandangan mengenai keunggulan bank syariah sehingga mereka lebih memilih memanfaatkan jasa perbankan konvensional. Sasaran yang ingin dicapai yakni ingin mendapati ada tidaknya dismilaritas bank konvensional dengan bank syariah dalam kinerja keuangannya, dan untuk mendapati lembaga perbankan mana yang lebih unggul beralaskan rasio kinerja keuangan. Penelitian ini memakai metode deskriptif komparatif melalui pendekatan kuantitatif. Dengan Teknik pengambilan sampel yang dipakai yakni teknik simple random sampling. Data yang dipakai berupa rasio-rasio keuangan yaitu CAR, NPL/NPF, ROA, BOPO, dan LDR/FDR. Kemudian faktanya yakni seperti berikut ini: 1) Adanya dismilaritas kinerja CAR antara kedua bank, dan CAR pada bank konvensional lebih unggul ketimbang bank syariah. 2) Adanya dismilaritas kinerja NPL/NPF antara kedua bank, dan NPL/NPF pada bank konvensional lebih unggul ketimbang bank syariah. 3) Tidak adanya dismilaritas kinerja ROA antara kedua bank, dan ROA pada bank konvensional lebih unggul ketimbang bank syariah. 4) Tidak adanya dismilaritas kinerja BOPO antara kedua bank, dan BOPO pada bank konvensional lebih unggul ketimbang bank syariah. 5) Tidak adanya dismilaritas kinerja LDR/FDR antara kedua bank, dan LDR/FDR pada bank syariah lebih unggul ketimbang bank konvensional.Kata Kunci: Bank Konvensional, Bank Syariah, Kinerja Keuangan, Rasio Keuangan

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ANALISIS PERBANDINGAN KINERJA KEUANGAN PT BANK BRI SYARIAH MENGGUNAKAN LAPORAN LABA RUGI DAN NILAI TAMBAH

Journal Of Institution And Sharia Finance ◽

10.24256/joins.v3i1.1446 ◽

2020 ◽

Vol 3 (1) ◽

pp. 113-124

Author(s):

..... .....

Keyword(s):

Mixed Methods ◽

Comparative Analysis ◽

Financial Performance ◽

Research Method ◽

Value Added ◽

Significant Decline ◽

Added Value ◽

Income Statement ◽

Qualitative Descriptive ◽

Descriptive Method

Abstract: This study is entitled "Comparative analysis of financial performance of PT. Bank BRISyariah uses the income statement and value added "with the aim of finding out how the financial performance of BRI Syariah Bank is based on the added value and income statement. While the research method used in this study is a qualitative descriptive method and will later describe the financial performance condition of BRI Syariah Bank. This study concludes that the financial performance of BRI Syariah Bank in the period 2013 to the period 2014 experienced a significant decline, while in the following period it experienced a significant increase.Keywords: Financial performance, value added, income statement. Abstrak: Penelitian ini berjudul “Analisis perbandingan kinerja keuangan PT. Bank BRISyariah menggunakan laporan laba rugi dan nilai tambah” dengan bertujuan untuk mencari tahu bagaiaman kinerja keuangan Bank BRI Syariah berdasarkan nilai tambah dan laporan laba rugi. Sedangkan metode penelitian yang digunakan dalam penelitian ini adalah metode deskriptif kualitatif dan nantinya akan menggambarkan kondisi kinerja keuangan Bank BRI Syariah. Penelitian ini menyimpulkan bahwa kinerja keuangan Bank BRI Syariah pada periode 2013 ke periode2014 mengalami penurunan yang signifikan, sedangkan pada periode berikutnya mengalami kenaikan yang signifikan.Kata kunci: Kinerja keuangan, nilai tambah, laporan laba rugi.DAFTAR PUSTAKA Abdul Karim, Adiwarman, Bank Islam “Analisis Fiqih dan Keuangan”, Edisi III: Jakarta: PT. RajaGrafindo Persada,2008. Damastuti, Isnaini Endah, Analisis Perbandingan Kinerja Keuangan Bank Syariah Dengan Menggunakan Income Statement Approach dan Value Added statement Approach, Semarang: Skripsi, 2010. Ghosali, Imam,Aplikasi Analisis Multivariate Dengan Program Spss, Semarang: Undip2005. Harahap, Sofyan Safri, Menuju Perumusan Teori Akuntansi Islam, Jakarta: Pustaka Quantum,2006 http://brisyariah.co.id http://repository.usu.ac.id/bitstream/123456789/26406/4/Chapter%20II.pdfMulawarman, Aji Dedi. Akuntansi syariah, Teory, Konsep dan Laporan Keuangan, Jakarta, Publishing Company,2009 Muthaher, Osmad. Akuntansi Perbankan Syariah, Cet.I; Yogyakarta, Graha Ilmu, 2012 Nurhayati, Sri dan Wasilah, Akuntansi Syariah di Indonesia, Cet.II; Jakarta: Salemba Empat,2008 Reza, M. Amrullah Putra Tara, Analisis Perbandingan Kinerja Keuangan Perbankan Syariah Menggunakan Pendekatan Laba Rugi (Income Statement) dan Nilai Tambah (Value Added Statement), Semarang: Skripsi, 2014. oemitra, Andri, M.A, Bank dan Lembaga Keuangan Syariah, Edisi I, Cet.II; Jakarta: Kencana Prenada Media Group, 2010 Sugiono, Metode Penelitian Kuantitatif, Kualitatif, dan Kombinasi (Mixed Methods), Bandung: Alfabeta CV. Suwanto, Perbandingan Kinerja Keuangan Bank Syariah dengan Pendekatan IncomeStatement Approach dan Value Added Approach, Semarang: Journal, 2011. Triyuwono, Iwan, Respektif Metodologi dan Teori Akuntansi Syariah, Jakarta: PT. RayaGrafindo Persada, 2006. Usman, Rachmadi, Aspek Hukum Perbankan Syariah Di Indonesia, Jakarta: Sinar Grafika,2012.

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