Analisis Kelayakan Finansial Usaha Penggemukan Domba (Studi Kasus PT Sugiono Padepokan Ternak Kecamatan Dolok Masihul Kabupaten Serdang Bedagai)

Abstract

MARDIANA WARASI. Financial Feasibility Analysis of Sheep Fattening Business (Case Study at PT. Sugiono Padepokan Ternak, Dolok Masihul District, Serdang Bedagai Regency) (Supervised by R. EDHY MIRWANDHONO). PT. Sugiono Padepokan Ternak is a livestock business engaged in sheep fattening. This study aims to determine the financial feasibility of the sheep fattening business at PT. Sugiono Padepokan Ternak, Dolok Masihul District, Serdang Bedagai Regency. Data were collected through observation, interviews, and documentation, and analyzed using a case study method with a quantitative descriptive approach. The indicators used include Revenue Cost Ratio (R/C), Net Benefit Cost Ratio (Net B/C), Net Present Value (NPV), Internal Rate of Return (IRR), Break Even Point (BEP), and Payback Period (PP). The results show that this business has an R/C value of 1.08; a Net B/C of 3.96; an NPV of IDR 880,204,286; an IRR of 25.57%; a BEP unit of 1,598 heads; a BEP price of IDR 1,388,026; and a Payback Period of 1 year and 6.5 months, indicating that the business is financially feasible. However, sensitivity analysis reveals that the business is quite sensitive to a 3% increase in feeder and feed costs, as well as a 2% decrease in sheep selling prices, which result in reduced financial performance and potential feasibility risks. Therefore, cost management, price improvement, and the development of derivative products such as fertilizer from sheep manure are strongly recommended to maintain business sustainability. This study recommends sustainable development of PT. Sugiono’s sheep fattening business with effective risk management and cost efficiency strategies.