Measuring Financial Performance of KPN Perintis Politeknik Negeri Ujung Pandang

Abstract

The aim of this research is to measure financial performance of the Koperasi Pegawai Negeri (KPN) Perintis Politeknik Negeri Ujung Pandang (PNUP) in three years 2021, 2022 and 2023 respectively through measuring its performance by using financial ratios. This research was carried out in the KPN PERINTIS PNUP and data collection was obtained from audited financial reports in three different years. Type of this research is quantitative descriptive research by calculating and explaining financial performance through two different financial ratios – solvency and profitability ratios. In this study, survey was conducted in collecting financial data then to be analyzed. It was found that financial performance of the KPN Perintis based upon solvency ratio for both Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER) from 2021 to 2023 were in appropriate level (very good). Three different ratios were used in measuring profitability ratio. It was found that Return on Assets (ROA) in 2021 was in fairly good then continued to enhance and achieved to a level of good category in 2022 and 2023. Similarly, number of ratios resulted from Return on Equity (ROE) was in the less good level in 2021 but enhanced and achieved fairly good category during 2022 to 2023. Interestingly, based upon the calculation of Net Profit Margin (NPM). It was found that from 2021 to 2023, level of its ratio was in a very good level.