FINANCIAL PERFORMANCE OF VILLAGE-OWNED ENTERPRISES (BUMDES) IN PAKATTO VILLAGE, BONTOMARANNU SUB-DISTRICT, GOWA REGENCY

Ridwan Ridwan; Fina  Diana; Suhendra Suhendra; Firmansa Firmansa

doi:10.53067/ije3.v3i1.121

Authors

Ridwan Ridwan Universitas Patria Artha
Fina Diana Universitas Patria Artha
Suhendra Suhendra Universitas Patria Artha
Firmansa Firmansa Universitas Patria Artha

DOI:

https://doi.org/10.53067/ije3.v3i1.121

Keywords:

Financial Performance, Profitability Ratios, Liquidity Ratios, and Solvency Ratios

Abstract

This study aims to determine the financial performance of Village Owned Enterprises (BUMDes) in Pakatto Village, Bontomarannu District. The analytical method used is financial ratio analysis using Profitability ratios (Net Profit Margin and Return On Equity), Liquidity (Current Ratio), and solvency (Debt to Equity Ratio). The results of the calculation of the Net Profit Margin profitability ratio in 2020 are 12.38% and in 2021 it is 20.12%. Return On Equity in 2020 is 64.62% and in 2021 it is 76.99%. The liquidity ratio using the Current Ratio in 2020 is 378.42%, and in 2021 it will be 828.83%. The solvency ratio using the Debt-to-Equity Ratio in 2020 is 23.31%, and in 2021 it will be 10.91%. Based on the profitability ratio data analysis, Net Profit Margin and Return on Equity are very good because the figures have exceeded the standard. In terms of liquidity, the Current Ratio does not meet its obligations (debt) properly because it needs to comply with the established standards. Regarding solvency, the Debt-to-Equity Ratio has met the standard because the resulting figure has passed the established standard.

Downloads

Download data is not yet available.

References

Andriawan, J, 2020. Analysis of Accountability and Transparency in Managing Village Fund Allocations (ADD). Thesis, 12

Eva, Yayu Sri, 2019. Financial Performance Analysis of Village Fund Allocation Management Based on Effectiveness Ratios and Growth Ratios at the Jampu Village Office, Soppeng Regency. Thesis. Muhammadiyah Makassar University Management Study Program.

Hery, 2020. Analysis of Financial Statements. PT Grasindo, Jalan Palmerah Barat 33- 37, Jakarta 10270.

Jumingan, 2017. Analysis of Financial Statements. PT Bumi Aksara: Jakarta.

Kurniawan, A. E, 2016. The Role of Village-Owned Enterprises (Bumdes) in Increasing Village Original Income (Advanced Village, Singkep Pesisir District, Lingga Regency, 2015). Journal. Raja Ali Haji Maritime University. Tanjung Pinang.

Maharyani, Govindha Zahra, Dwiati Marsiwi, and Titin Eka Ardian. (2018). Analysis of Financial Ratios as a Benchmark for the Financial Performance of Village-Owned Enterprises (Bumdes) Arum Dalu Ngabar. ASSET: Journal of Management and Business, 1(2).

Martono, and Agus Harjito, 2014. Financial Management. Ekonisia: Yogyakarta.

Nuraini, N, 2020. Analysis of Financial Performance in Patap Mandiri Village-Owned Enterprises (BUMDes), Pagaran Tapah Village, Pagaran Tapah Darussalam District, Rokan Hulu Regency, Doctoral dissertation, Islamic University of Riau.

Regulation of the Minister of Villages, Development of Disadvantaged Regions and Transmigration of the Republic of Indonesia Number 4 of 2015 concerning the Establishment, Administration, Management, and Dissolution of Village-Owned Enterprises.

Regulation of the Minister of State for Cooperatives and Small and Medium Enterprises of the Republic of Indonesia No.06/Per/M.KUKM/V/2006 concerning Guidelines for the Evaluation of Achievement Cooperatives or Cooperative Awards.

Regulation of the Minister of Home Affairs No. 20 of 2018 concerning Village Finance

Prandara, R, 2020. Accountability of Village Fund Allocation Management for Community Financial Welfare (Study in West Waringinsari Village, Pringsewu District). Thesis, 21.

Qosjim, A, 2017. Performance Analysis of BUMDES in Lumajang Regency. Journal of Equilibrium, 1(1), 10-17.

Rahmah, Mutiara Nur' and Euis Komariah, 2016. Analysis of Financial Statements in Assessing the Financial Performance of the Cement Industry Registered on the IDX (Case Study of PT Indocement Tunggal Prakarsa TBK. Insan Akuntan Online Journal, Vol. 1, No. 1, June 2016, 43 -58.

Ramadhan, Kurnia Dwi and La Ode Syarfan, 2016. Analysis of Financial Statements in Measuring Company Performance at PT. Ricky Kurniawan Kertapersada (Makin Group) Jambi. Journal of Currency Vol 2 No 2, October 2016, 190-207.

Recly, Rhamadana Bima, 2016. Analysis of Financial Ratios to Assess Financial Performance at PT. HM Sampoerna Tbk. Journal of Management Science and Research: Volume 5, Number 7, July 2016.

Tomisa, ME, & Syafitri, M, 2020. The Influence of Village Owned Enterprises on Original Income in Sukajadi Village, Bukit Batu District, Bengkalis Regency. IQTISHADUNA: Scientific Journal of Our Economy, 9(1), 91-101.

Wardhana, D. A, 2021. Performance Analysis of Village-Owned Enterprises in Increasing Village Original Income (Case Study on Maju Sejahtera BUMDes, Ngampungan Village, Bareng District) (Doctoral dissertation, STIE PGRI Dewantara Jombang).

Wijaya, R, 2021. Analysis of Financial Performance of Village-Owned Enterprises (Bumdes) in Kalibakung Village, Balapulang District, Tegal Regency (Doctoral dissertation, Harapan Bersama Tegal Polytechnic).

Wijaya, APWAP, & Wijaya, A. P, 2013 Analysis of Financial Ratios in Planning Profit Growth: Perspective of Signal theory. Management Student Scientific Study, 2(2)