ANALYSIS THE BUSINESS EFFICIENCY AND PROFITABILITY OF CATFISH (PANGASIUS HYPOPHTHALMUS) IN TULUNGAGUNG, EAST JAVA

Authors

  • Mimit Primyastanto
  • Candra Adi.
  • Supriyadi
  • Asro Nurhabib
  • Aldy Khoiri
  • Pingkan Ayu Noer Intan
  • Warzukni Fahma

DOI:

https://doi.org/10.48080/jae.v17i4.436

Abstract

Aquaculture becomes one superior fisheries potentials in Indonesia. Catfish is one aquaculture
with wide market share. It has a large business opportunity for farmers. Every business wants to
achieve the goal to get profits and increasing the business value. Profitability analysis is
important for a business. It is one financial ratios to shows the financial performance of a
business. Therefore this research is done with aim to explore the business figure, to analyze the
value of unit costs and level of business efficiency and business profitability in 2018-2020. This
research was done to enlarge catfish of Parsam MSME at Gondosuli Village, Gondang District,
Tulungagung District, East Java. This is quantitative descriptive research type with case study
approach. Data collection techniques are observation, interview and documentation. The data
type is qualitative and quantitative. Data comes from primary and secondary sources. The
method to analysis data is qualitative descriptive and quantitative descriptive. The level of
business efficiency in this study uses the R-C ratio and profitability. The profitability ratios used
are GPM (Gross Profit Margin), NPM (Net Profit Margin), OPM (Operating Profit Margin),
TAT (Total Assets Turnover), BEP (Basic Earning Power), ROA (Return On Assets) ) and ROE
(Return on Equity). The calculation of unit cost and business efficiency are used to assess the
ability to manage the business costs to generate profits. The results showed that level of business
efficiency are R-C ratio = 1.09 and Profitability = 19.44%. The profitability ratios are GPM
(Gross Profit Margin) = 14.26%, NPM (Net Profit Margin) = 8.51%, OPM (Operating Profit

Margin) = 10.11%, TAT (Total Assets Turnover) = 3.25 times, BEP (Basic Earning Power) =
28.42%, ROA (Return on Assets) = 27.71%, and ROE (Return on Equity) = 8.89%. This analysis
shows that value of unit cost is below the price, it is profitable. R-C ratio value> 1, value of
efficient profitability in 2020 and value of profitability ratios increase every year, it means the
business have a pretty good financial performance.

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Published

2020-11-17 — Updated on 2020-11-19

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How to Cite

Mimit Primyastanto, Candra Adi., Supriyadi, Asro Nurhabib, Aldy Khoiri, Pingkan Ayu Noer Intan, & Warzukni Fahma. (2020). ANALYSIS THE BUSINESS EFFICIENCY AND PROFITABILITY OF CATFISH (PANGASIUS HYPOPHTHALMUS) IN TULUNGAGUNG, EAST JAVA. PalArch’s Journal of Archaeology of Egypt / Egyptology, 17(4), 769-784. https://doi.org/10.48080/jae.v17i4.436 (Original work published November 17, 2020)