PENGARUH INVESTASI AKTIVA TETAP DAN PERPUTARAN MODAL KERJA TERHADAP PROFITABILITAS PERUSAHAAN PADA PT. MUBA ELECTRIC POWER SEKAYU MUSI BANYUASIN

Abstract

PT. Muba Electric Power is one of the subsidiaries of PT. Petro Muba as a local owned enterprise (BUMD) in musi banyuasin district engaged in electricity power business. fixed assets owned by this company which are very valuable such as land, building, structural work, power grid, electricity kwh, vehicle, machine and office inventory. For fixed assets of the power grid, the procurement of goods and services is funded by the district budget of Musi Banyuasin through energy and mining department of Musi Banyuasin district. One phenomenon occurs at PT. Muba Electric Power concerning tangible fixed assets, i.e. there is a very valuable power grid but has not been recorded as an asset; meanwhile the power grid has been used for company operation. Besides that, there are some company’s fixed assets procurements which the term of used more than one year recorded as revenue expenditure not as capital expenditure that the cost burden is made through depreciation mechanism. Every company in creating net income is closely related to business income. When the business income increases, the profit should increase. In fixed assets management, depreciation and maintenance cost are reduction to gross profit and decreasing fixed assets mostly because of the depreciation at the account period. Therefore, the fixed assets policy will be influenced net profit at the current period. The good management for fixed assets will increase sales and increase profit also save maintenance cost and fixed assets enhancement. It will cause reduction of gross profit and increase net profit for the company. From the statement, it can be seen that company’s fixed assets management are related to company’s profitability. Besides that good processing of working capital is expected to increase the company’s profit, so it can be said that company’s working capital management is related to the company’s profitability