This study aims to 1) Knowing the profile of KUD Mina Misoyo Sari 2) Knowing the financial performance of KUD Mina Misoyo Sari based on the results of financial statement analysis using the Liquidity Ratio method 3) Knowing the financial performance of KUD Mina Misoyo Sari based on the results of financial statement analysis using the Ratio method Profitability 4) Knowing the financial performance of KUD Mina Misoyo Sari based on the results of financial statement analysis using the Solvency Ratio method.
This research was conducted at KUD Mina Misoyo Sari which is located in Sugihwaras Village, Pemalang District, Pemalang Regency. The object of this research is the balance sheet and SHU reports from 2018 to 2020. The data in this study were obtained through interviews, documentation, and observation. The analytical method used is the secondary data analysis method.
The results of this study indicate that the performance of Mina Misoyo Sari KUD in terms of 1) The liquidity ratio based on the current ratio in 2018 can be said to be good, while in 2019-2020 the ratio is very good this happens because in 2019 the number of current assets increased and in 2020 the amount of current debt is reduced. The liquidity ratio based on the quick ratio in 2018 is quite good, this illustrates that if KUD is able to meet short-term debt, in 2019 KUD Mina Misoyo Sari has increased where there is an increase in current assets of 784,285,753 and a decrease in current debt as much as 345,848,918, resulting in the ratio increased to 20.55% and was categorized as good, while in 2020 it decreased where the ratio decreased by 10.22%. This is influenced by a decrease in the number of assets owned by cooperatives as much as 645,344,211 and an increase in the number of current liabilities. The liquidity ratio based on the cash ratio in 2018 reached 46%, it proves that the cooperative is able to pay its current debt well with existing cash, while in 2019 and 2020 it is known that the cash ratio in cooperatives has decreased significantly, namely up to 16%. , this can happen because the amount of cash owned by cooperatives decreases so that the ability to guarantee current debts from cooperatives is quite low 2) Economic profitability at KUD Mina Misoyo Sari in 2018 is said to have the ability to obtain profits that are not good, this is in accordance with the ratio stated earned which is below 3%, in 2019 there was a decrease which occurred due to a higher increase in total assets of Rp. 597,824,777 compared to the increase in net profit of Rp. 4,157,743, while in 2020 it decreased quite rapidly ie 0.69% where this can occur due to a decrease in net income of Rp 100,608,954. Profitability of own capital at KUD Mina Misoyo Sari in 2018 is categorized as poor, this is because the ratio obtained is in the range of 3% - 9%, while in 2019 the profitability of its own capital has decreased by 0.13% due to the increase in total own capital is greater than the net profit where the total equity issued is Rp. 266,981,146 and the net profit is only Rp. 4,157,743. And in 2020 it can be categorized as bad because it experienced a significant decrease in net profit 3) The solvency of KUD Mina Misoyo Sari based on the debt to asset ratio in 2018 when viewed based on the assessment standards of outstanding cooperatives in Utari (2017) is categorized as poor because it is at a ratio of 60.76%, In 2019 the solvency condition based on the debt to asset ratio was not much different from the previous year where it was found a ratio of 60.52%, in 2020 the solvency condition based on the debt to asset ratio could be said to be quite improved even though it only increased by 1.83%. The solvency of the Mina Misoyo Sari KUD based on the debt to total equity ratio in 2018-2019 can be categorized as poor and in 2020 the condition will improve because the amount of debt has decreased compared to previous years.