Financial Feasibility Analysis of Sijuk Shrimp Paste Businesses
Journal Title: Agro Ekonomi - Year 2017, Vol 28, Issue 1
Abstract
Sijuk shrimp paste business is a business in processing rebon shrimp which is most commonly implemented in Belitung Regency. Therefore, financial feasibility needs to be done considering the fluctuation in the number of catches of rebon shrimp in nature that will affect the Sijuk shrimp paste business financials. In this study, profit analysis, investment feasibility, and sensitivity are used to draw conclusions. 25 shrimp paste businesses were sampled using census method. The result showed that the Sijuk shrimp paste businesses gave benefits because they had a gain of Rp.17.558.914,29 / year, the value of gross profit ratio of 50.61%, the rate of return per capital investment of 1.02, and the return on the investments amounted to 74.58%. The Sijuk shrimp paste businesses are feasible to continue because they had the value of discounted payback period of 1.57 years, the net present value of Rp.18.264.662,44, the internal rate of the return value of 35%, and the profitability index of 1.78. From the results of the sensitivity analysis concluded that the Sijuk shrimp paste businesses are feasible to continue because the percentage of increase in the maximum operating costs still can be tolerated which is equal to 44,763% and the percentage of maximum reduction in the selling price of Sijuk shrimp paste still can be tolerated which is equal to 22.108%.
Authors and Affiliations
Aditya Nugraha| Universitas Gadjah Mada , Suhatmini Hardyastuti| Faculty of Agriculture, Universitas Gadjah Mada, Jangkung Handoyo Mulyo| Faculty of Agriculture, Universitas Gadjah Mada
Keywords
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- EP ID EP15451
- DOI 10.22146/jae.24208
- Views 414
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