ANALISIS KELAYAKAN FINANSIAL USAHA PEMBESARAN UDANG VANAME (Litopenaeus vannamei) SISTEM INTENSIF : (STUDI KASUS DI CV. PUTRA BAHARI MARINA PROBOLINGGO)

Abstract

This study aimed to determine the production costs, revenue, income, and financial feasibility of intensive Vaname shrimp (Litopenaeus vannamei) grow-out farming at CV. Putra Bahari Marina, Probolinggo, East Java. The study employed a quantitative research approach using both primary and secondary data. Data were collected through field observations, active participation, and a literature review. The data were analyzed using cost analysis, revenue analysis, income analysis, and financial feasibility indicators, including Return on Investment (ROI), Break-Even Point (BEP), Revenue-Cost Ratio (R/C Ratio), and Payback Period (PP). The results showed that the total production cost amounted to IDR 1,482,050,249, while the total revenue reached IDR 3,196,310,864, resulting in a net income of IDR 1,714,260,615. The financial feasibility analysis indicated a break-even price of IDR 31,258 per kg and a break-even production volume of 2,087.32 kg. Furthermore, the business achieved a Return on Investment (ROI) of 139%, an R/C Ratio of 2.15, and a Payback Period (PP) of 0.71 years. These findings indicated that the intensive whiteleg shrimp grow-out farming business was financially feasible, profitable, and economically viable for continued operation and future development.