Barnabas Pablo Puente Wini Bhokaleba, Hadi Santoso, Candra Adi Intyas, Moh Erfan Arif, Suluh Elman Swara
Indonesia possesses substantial capture-fishery potential, with lemuru (Sardinella lemuru) among the dominant small pelagic species in the Bali Strait, which plays a strategic role in supporting small-scale fisheries-based agroindustry, including KWT Bedetan Perancak. This study aims to analyze the financial feasibility and sensitivity of KWT Bedetan Perancak, a small-scale enterprise engaged in processing dried lemuru (bedetan), using a case-study approach. Financial feasibility was evaluated through profitability indicators, and investment criteria consist of the Revenue–Cost Ratio (R/C), Break-Even Point (BEP), Profitability, Net Present Value (NPV), Internal Rate of Return (IRR), Net Benefit–Cost Ratio (Net B/C), Payback Period (PP), and sensitivity analysis. The results show that the enterprise generates an annual profit of IDR 12,890,379 and reaches a BEP at sales of IDR 37,864,382. The R/C is 1.22 (>1) with a profitability of 21.80% (>6%), indicating short-term financial viability. Long-term financial feasibility is shown by a positive Net Present Value of IDR 69,855,851, a Net B/C ratio of 1.44 (>1), an IRR of 13.40% (>6%), and a payback period of 6.22 years. Sensitivity analysis indicates that the enterprise is very sensitive to changes. These findings indicate that, while KWT Bedetan Perancak is financially viable, its performance remains sensitive to cost and revenue fluctuations. Therefore, to enhance long-term sustainability, the enterprise should prioritize investments in supporting facilities, particularly cold storage, while simultaneously pursuing strategies to increase sales performance. © 2026, Egyptian Society for the Development of Fisheries and Human Health. All rights reserved.
Department of Aquatic Resources Management, Nusa Nipa University, East Nusa Tenggara, Indonesia; Department of Socio-Economy Fisheries and Marine, Faculty of Fisheries and Marine Science, Universitas Brawijaya, Indonesia; Department of Management, Faculty of Economics and Business, Universitas Brawijaya, Indonesia; Department of Industrial Engineering, Faculty of Engineering, Universitas Brawijaya, Indonesia
