BUMDes Financial Performance Analysis Before and During the Pandemic

Abstract

This study aims to investigate financial performance based on Financial Ratios that refer to the Entity Financial Accounting Standards (SAK ETAP) and the Regulation of the Minister of Villages and PDTT No. 4 of 2015, as well as Government Regulation No. 11 of 2021 concerning BUMDes, so that it can be seen the financial performance achievements of BUMDes in Indonesia. Bhakti Negara village. The population used in this study is the financial statements of BUMDes in Bhakti Negara Village in 2019-2020. The data used in this study is secondary data, namely by taking financial data related to research problems in the form of financial reports from BUMDes consisting of income statements and balance sheets for 2019-2020. The data analysis method used is descriptive quantitative, namely in the form of percentage results in accordance with the 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. The financial performance of BUMDes in Bhakti Negara for the 2019-2020 period is measured the profitability ratio with the Return On Assets (ROA) formula shows very good results. If it is measured from the liquidity ratio with the Current Ratio formula to obtain results, in 2019 it is not good. However, in 2020 the results were quite good. The financial performance of BUMDes in Bhakti Negara for the 2019-2020 period is measured by the solvency ratio with the Debt To Equity Ratio formula, obtaining very good results. The financial performance of BUMDes in Bhakti Negara for the 2019-2020 period was measured from the activity ratio with the Total Asset Turnover formula, which yielded poor results. However, there was an increase in 2020 which showed that there were changes and performance improvements made by BUMDes. For further research, it is expected to add years of research so that the data obtained is quite large and varied and can use the quick ratio, accounts receivable turnover ratio, debt to asset ratio and net profit margin. The implications of the research can be used on other BUMDes so that the financial performance of BUMDes can be known, especially during this pandemic. BUMDes Bhakti Negara shows the results of Total Asset Turn Over are in poor condition due to a decrease in income due to the level of asset turnover in BUMDes is not very efficient and asset management to increase income is also less efficient. So it is hoped that BUMDes in the Bhakti Negara village can increase the value of asset management. Because the higher the TATO value, the better, so that BUMDes can maximize their assets to generate higher income. In the future, this BUMDes must be able to maximize the use of its assets to generate higher income. Keywords : BUMDes,  Ratio, Performance, Pandemic