Analisis Kinerja Keuangan BUMDesMa Berdasarkan Rasio Profitabilitas dan Solvabilitas: Studi Kasus pada BUMDesMa di Kecamatan Bayung Lencir Kabupaten Musi Banyuasin

Vika Indah Rahayu; Zakiah Zakiah; Gina Fauzia; Dwi Arianti

doi:10.33019/jia.v7i2.7048

Authors

Vika Indah Rahayu Universitas Jambi https://orcid.org/0009-0003-6751-0494
Zakiah Zakiah Universitas Jambi
Gina Fauzia Universitas Jambi https://orcid.org/0009-0004-2266-7241
Dwi Arianti Universitas Jambi https://orcid.org/0009-0007-4084-3837

DOI:

https://doi.org/10.33019/jia.v7i2.7048

Keywords:

BUMDesMa, Financial Performance, Solvency Ratio, Profitability Ratio, Financial Statement Analysis

Abstract

Badan Usaha Milik Desa Bersama (BUMDesMa) plays a vital role in driving rural economic development and promoting inter-village cooperation. Although the number of BUMDes and BUMDesMa continues to increase, financial management challenges persist, particularly in terms of asset utilization effectiveness and business sustainability. BUMDesMa Baylen Keren LKD, established in 2023, has demonstrated positive growth in assets and revenue; however, its profitability remains relatively low, indicating suboptimal financial management. This study aims to analyze the financial performance of Badan Usaha Milik Desa Bersama (BUMDesMa) Baylen Keren LKD in Bayung Lencir District, Musi Banyuasin Regency, South Sumatra Province, during the 2023–2024 period. The research employs a descriptive quantitative approach using secondary data obtained from the 2023 and 2024 financial statements. Data analysis is conducted using financial ratio analysis, including profitability ratios—Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM)—and solvency ratios—Debt to Equity Ratio (DER) and Debt to Asset Ratio (DAR). The results show that the profitability ratios (ROA, ROE, and NPM) remain relatively low (<5%), indicating that asset and capital management has not yet been optimized to generate profits. Meanwhile, the DER and DAR values in 2023 and 2024 are below 1 and 0.5, respectively, suggesting that most assets are financed by equity, resulting in a low level of financial risk. Nevertheless, there is a significant increase in total assets, revenue, and net income from 2023 to 2024, reflecting a positive trend in the financial performance of BUMDesMa Baylen Keren LKD. This study recommends improving operational efficiency, strengthening financial management capacity, and diversifying business activities to enhance institutional profitability.

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