Analysis Of Financial Management Efficiency In The Scrap Iron Business At CV. Sapusimiharja

Putri Nabila; Defrizal

doi:10.63922/ijebir.v5i04.4328

Putri Nabila Faculty of Social and Political Sciences, University of Bandar Lampung
Defrizal Faculty of Social and Political Sciences, University of Bandar Lampung

DOI: https://doi.org/10.63922/ijebir.v5i04.4328

Keywords: Financial Efficiency, BOPO, Net Profit Margin, Working Capital Turnover.

Abstract

This study aims to evaluate the efficiency and stability of CV. Sapusi Miharja's financial performance during the 2024–2025 period. Given the volatile market characteristics of the scrap metal business sector, effective financial management is a determining factor for business sustainability. The analytical method used in this study is a quantitative descriptive approach by examining three key financial ratios: Operating Costs to Operating Income (BOPO), Net Profit Margin (NPM), and Working Capital Turnover (WCT). The analysis results show that despite significant revenue fluctuations, CV. Sapusi Miharja is able to maintain a stable level of efficiency. A BOPO ratio in the range of 20%–30% indicates effective operational cost control, while a consistently high NPM demonstrates the company's ability to maximize profitability. Furthermore, a constant WCT value of 4 times reflects disciplined working capital management and responsiveness to changes in sales volume. Overall, the company's financial performance is considered healthy and adaptive. These findings confirm that the company's financial management strategy has been effective in maintaining profitability and mitigating liquidity risk amidst uncertain market conditions.

Keywords: Financial Efficiency, BOPO, Net Profit Margin, Working Capital Turnover.

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