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Journal : Journal of Systems Engineering and Management

Financial feasibility analysis of establishing a red ginger essential oil agro-industry Nurfauziah, Isni; Nurjanah, Sarifah; Thoriq, Ahmad; Ainina, Nurul
Journal of Systems Engineering and Management Vol 2, No 1 (2023)
Publisher : Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36055/joseam.v2i1.19333

Abstract

Red ginger is a commodity that is capable of producing antioxidants which can also be processed into various kinds of products, one of which is red ginger essential oil. Red ginger oil production business has good prospects, with the reason that not many producers produce red ginger essential oil, the possibility of profit is quite large, and the nature of red ginger which is an antioxidant commodity increases the opportunity for red ginger essential oil to be needed in the community. The purpose of this research is to analyze the financial feasibility of establishing a red ginger essential oil agro-industry. The method used in this research is descriptive quantitative. Data processing carried out in this study uses three working capital scenarios, namely 100% personal capital, conventional bank loans with a ratio of 50:50, and Islamic bank loans, with the NPV feasibility parameter (Net Present Value), IRR (Internal Rate of Return), BCR (Benefit Cost Ratio), and PBP (Payback Period). The results of this study indicate that all scenarios have NPV values of IDR 46.333.705.188, IDR 44.872.421.424, and IDR 46.386.954.684 respectively, IRR values of 14,29%, 13,37%, and 13,77%, BCR were 2,06, 1.92 and 1.98, and PBP values were 8 months, 8 months and 8 months. These values indicate that the establishment of this essential oil agro-industry is feasible, with the best planning falling into a scenario with the entire working capital of the founder. However, if personal capital financing has problems, borrowing through Islamic banks is the methodnet profit sharing can be an alternative.
Co-Authors Abdullah Md Zain Abil Fadila Ade Moetangad Kramadibrata Agil Firhan Iskandar Agnes Klarasitadewi Ahmad Thoriq Ainina, Nurul Akbar Hanif Dawam Abdullah, Akbar Hanif Dawam Anas Bunyamin Andina, Dwita Putri Andri Permana Annissa Ramadhanti Arinda Nur Ariva Asri Widyasant Asri Widyasanti Atiek Rostika Noviyanti Azizah, Ise Wafiq Bambang Nurhadi Boy Macklin Pareira Prawiranegara Budhi Indrawan David S. Marpaung Dedy Prijatna Dina Aprilia Dwi Merita Rosi Dwita Putri Andina E Gumbira-Sa’id - Efri Mardawati Eki Dwiyan Saputra Elazmanawati Lembong Ema Komalasari Etty Riani Fakhira, Qonita Raihani Fany Trihapsoro Farah Nuranjani Farah Nuranjani Fathia Salsabila Emmaputri Fawaiz, Husni Syamil Fitry Filianty Galih Adhi Respati Gumbira-Sa'id, E Handarto HARYONO Haryono Haryono Haryono Haryono Hilman Syaeful Alam Huda Nurul Quddus Ibrahim A. I. Ifmalinda Ilham Fajri Imas Siti Setiasih Indira Lanti Kayaputri Intan Aprilia Irene June Sidabutar Irmayanti, Maya Isti Sulistiani Jeremia Kristian Khaswar Syamsu Khaswar Syamsu - Kurnia, Ina Laily Rizki Safira Lita Fitriyani Khairunisa M. Ade Moetangad Kramadibrata Maya Damayanti Mimin Muhaemin Mochammad Rizal Mochammad Rizal Muhammad Gilang Ramadhan Muhammad Rizky Ramanda Muhammad Saukat Nadyah Rachma Dewi Namira, Tiara Nedia Cahyati Muchtarina Nedia Cahyati Muchtarina Nissa, Rossy Choerun Novia Dwi Anggraeni Nur Oktavia Benedicta Nuranjani, Farah Nurfauziah, Isni Nurpilihan Bafdal Nurul Ainina Nurul Ainina Pirdani Nur Fitri Prisilia Ratna Setyaningrum Puji Lestari Pusponegoro, Annisa Putri, Farinissa Deliana Qurratu’ain, Yona Rahmawati, Rahmi Reza Permana Aji Rienoviar Rienoviar Rienoviar, Rienoviar Rifki Amrullah Rizika Wulandari Rizky Mulya Sampurno Rizqi Putri Fathoni Rosalinda, Sari Roshita Ibrahim Rudi Adi Saputra Ruth Anggia Assyera S Rosalinda S. Rosalinda S. Rosalinda S. Rosalinda S. Rosalinda, S. S.Rosalinda Rosalinda Salman Hafidz Sarinarulita Rosalinda Sekar Widyaningrum Selly Harnesa Putri Septianti, Nur Alifa Shayana Junita Sudaryanto Zain Sudaryanto Zain Sudaryanto Zain Sudaryanto Zain Suprihatin - Suprihatin Suprihatin Thoriq, Ahmad Tio Febriananda Tita Rialita Totok Herwanto Totok Pujianto Totok Pujiyanto Wahyu Daradjat Wahyu Kristian Sugandi Widyaningrum, Sekar Yati B Yuliyati Yati B. Yuliyati Yeyen Nurhamiyah, Yeyen Yona Qurratu’ain Zahrah Eza Arpima Zhaqqu Ilham Alhafidz Zulfaa Irbah Zain ‪Irna Dwi Destiana