Analysis of Financial Performance Decreasing Factors in Business Unit of Koperasi Pengerajin Perak Celuk Period 2019-2021

Widyasari, Made Nandita and Sudiartha, I Ketut and Aryaningsih, Ni Nyoman (2022) Analysis of Financial Performance Decreasing Factors in Business Unit of Koperasi Pengerajin Perak Celuk Period 2019-2021. Repositori Politeknik Negeri Bali.

	Text (Artikel) RAMA_62301_1815644070_artikel.pdf - Accepted Version Available under License Creative Commons Attribution Non-commercial Share Alike. Download (340kB)
	Text (Surat Pernyataan Bebas Plagiarisme) RAMA_62301_1815644070_pernyataan.pdf - Supplemental Material Available under License Creative Commons Attribution Non-commercial Share Alike. Download (1MB)

Abstract

This research is motivated by the problem of low financial performance seen from profitability which tends to decline over the last two years. The data analysis method used in this study is financial ratio analysis consisting of liquidity, solvency, prof-itability, and activity ratios. The purpose of this study is to analyze the factors causing the decline in financial performance and analyze what efforts can be made to improve the financial performance of Koperasi Pengerajin Perak Celuk business unit. The results showed that the financial performance in terms of liquidity in the criteria was not good because it was overliquid. This is caused by the inability of cooperatives in managing current assets. Meanwhile, the level of solvency of cooperatives is included in very good criteria. Based on the development of profitability ratios in a bad condition caused by capital that is not managed effectively, a significant decrease in sales, lack of cost efficiency, loss of cash due to negligence of financial managers, as well as a lot of inventory in the warehouse in the form of basic needs which expire after stock taking. The development of the cooperative activity ratio has decreased due to the low collection of receivables and old inventory piling up in the warehouse. Efforts that must be made by cooperatives to improve their performance are by managing assets and capital well, recruiting new financial managers, implementing stricter accounts receivable policies, and controlling inventory purchases to avoid stockpiling.

Actions (login required)

View Item