Due Diligence in Financial Aspects for Mobile Fuel Station Business Development

Edwin Tri Angga Saputra, Rhian Indradewa, Dimas Angga Negoro, Edi Hamdi

Abstract


The fuel sales of motorcycle experience complex dynamics, particularly in satisfying consumer demand for leanness and ease of service. The Mobile Fuel Station (MFS) service innovation, powered by information technology, was created to accelerate the establishment of new sales outlets and enhance the efficiency and convenience of consumer service. However, this option requires substantial expenses, necessitating due diligence on the financial side. The objective of this study is to evaluate and ensure the feasibility of the Mobile Fuel Station Investment Program (PI MFS). The research findings indicate that the Return on Investment (ROI) is 18.46%, with a positive Net Present Value (NPV) and an Internal Rate of Return (IRR) of 23.42% in the sixth year so that PI MFS is feasible to implement. To shorten short-term debt obligations, PI MFS has a current ratio of 2.64 times. Additionally, a 32.06% DER value indicates that a greater proportion of its financing comes from equity rather than debt. This research provides direction for the future development of more efficient managerial practices, as well as generates investor interest by demonstrating the potential for growth and profitability.

Full Text:

PDF

References


Adawia, P. R. (2023). the Effect of Liquidity, Leverage, Profitability and Institutional Ownership on Environmental Costs in Green Industry Companies Period 2019 – 2021. Dynamic Management Journal, 7(4), 697. https://doi.org/10.31000/dmj.v7i4.9666

Anna, N., Ridjal, S., & Sjahruddin, H. (2020). Implementasi Financial Projection Sebagai Strategi Pengelolaan Keuangan. Jurnal Ekonomi Dan Bisnis Dharma Andalas, 22(2), 302–314. https://doi.org/10.47233/jebd.v22i2.109

Armyta, Z. K., Suhendro, & Samrotun, Y. C. (2020). Faktor-faktor yang Mempengaruhi Return On Asset. Jurnal Riset Bisnis, 3(2), 124–130. https://doi.org/https://doi.org/10.35814/jrb.v3i2.1220

Audina, B., Fatekurohman, M., & Riski, A. (2021). Peramalan Arus Kas dengan Pendekatan Time Series Menggunakan Support Vector Machine. Indonesian Journal of Applied Statistics, 4(1), 34. https://doi.org/10.13057/ijas.v4i1.47953

Destriwanti, O., Sintha, L., Bertuah, E., & Munandar, A. (2022). Analyzing the impact of Good Corporate Governance and Financial Performance on predicting Financial Distress using the modified Altman Z Score model. American International Journal of Business Management (AIJBM), 5(02), 27–36.

Endri, E., Sari, A. K., Budiasih, Y., Yuliantini, T., & Kasmir, K. (2020). Determinants of Profit Growth in Food and Beverage Companies in Indonesia. Journal of Asian Finance, Economics and Business, 7(12), 739–748. https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.739

Fivga, A., & Dimitriou, I. (2018). Pyrolysis of plastic waste for production of heavy fuel substitute: A techno-economic assessment. Energy, 149, 865–874. https://doi.org/10.1016/j.energy.2018.02.094

Hartono, A. A., & Indradewa, R. (2024). Slimmingfique slimming clinic business financial planning. 7(1), 197–205.

HM, I., & Setiawan, R. (2023). Analisis Perbandingan Penilaian Keputusan Investasi Menggunakan Metode Net Present Value (Npv) Dan Metode Internal Rate of Return (Irr). Jurnal Manajemen Dan Bisnis-JMBI, 1(2), 93–102.

Khalaf, B. A., Awad, A. B., & Nassr, M. (2023). Investigating the Determinants of Working Capital in the Gulf Cooperation Council. Journal of Governance and Regulation, 12(3), 8–15. https://doi.org/10.22495/jgrv12i3art1

Kierulff, H. (2012). IRR: A Blind Guide. American Journal of Business Education (AJBE), 5(4), 417–426. https://doi.org/10.19030/ajbe.v5i4.7119

Kurnianti, M. A., Nurmala, N., & Dewi, A. K. (2022). Pengaruh Debt To Equity Ratio (DER) Dan Debt To Asset Ratio (DAR) Terhadap Harga Saham Pada Perusahaan Tekstil Dan Garmen Di Bei Tahun 2017-2020. Jurnal Ekonomika Dan Bisnis (JEBS), 2(3), 602–608. https://doi.org/10.47233/jebs.v2i3.232

Kusuma, A., Syah, T. Y. R., Indradewa, R., & Fajarwati, D. (2021). Implementation of Financial Strategy Business Plan Arena Corner. American International Journal of Business Management (AIJBM), 4(07), 86–89.

Marismiati, M., & Aini, K. (2021). Pengaruh Laba Bersih Dan Arus Kas Operasi Terhadap Dividen Tunai Perusahaan Konstruksi Di BEI Tahun 2016-2019. Land Journal, 2(1), 44–53. https://doi.org/10.47491/landjournal.v2i1.1032

Melani, S., Elisah, E., Maharani, S., Devy, J. K., & Widodasih, R. W. K. (2024). Business Feasibility Study Analysis of the Frustashit Store Business in Terms of Non-Financial Aspects and Financial Aspects. Dynamic Management Journal, 8(1), 121. https://doi.org/10.31000/dmj.v8i1.10509

Mubarok, M. S., Taufiq Abadi, M., Arisandi, D., & Abdurrahman Wahid Pekalongan, U. K. (2022). Analisis Studi Kelayakan Bisnis Pada Toko Roti Gembong Gedhe Cabang Pekalongan. Jurnal Ilmu Manajemen, 2(2), 1–7. https://journal.actual-insight.com/index.php/equilibrium/article/view/1351

Pratama, H. I., & Kamil, L. (2017). Penentuan Zonasi Pemasok Batubara Pltu Sebagai Dampak Berlakunya Peraturan Menteri Esdm No 7 Tahun 2017 Tentang Penentuan Harga Patokan Mineral Dan Batubara. Prosiding TPT XXVI PERHAPI 2017, 7, 1–12.

Purwati. (2020). Pengaruh ROA, ROE, dan NIM terhadap Harga Saham pada. Ekonomi Dan Bisnis, 5(1), 77–86.

Setyono, A. E., & Kiono, B. F. T. (2021). Dari Energi Fosil Menuju Energi Terbarukan: Potret Kondisi Minyak dan Gas Bumi Indonesia Tahun 2020 – 2050. Jurnal Energi Baru Dan Terbarukan, 2(3), 154–162. https://doi.org/10.14710/jebt.2021.11157

Suharna, J., & Bertuah, E. (2020). Mendeteksi Faktor Penentu Struktur Modal Pada Sub Sektor Perdagangan Besar (Wholesaler) Dan Retailer Di Indonesia Yang Go Publik. Jurnal Ekonomi : Journal of Economic, 11(2). https://doi.org/10.47007/jeko.v11i2.3611

Veronika, J., & Andri, A. (2022). Penerapan Metode Algoritma Neural Network Untuk Memprediksi Penjualan Bahan Bakar Minyak. Journal of Information Technology Ampera, 3(2), 235–243. https://doi.org/10.51519/journalita.volume3.isssue2.year2022.page235-243

Wiejaya, S., Syah, T. Y. R., Negoro, D. A., & Iskandar, M. D. (2023). Analisis Kelayakan Investasi Dan Kinerja Keuangan Pada Usaha Minyak Atsiri Melati Di Pt. Agrindo Sumber Harum. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 7(3), 1935–1951. https://doi.org/10.31955/mea.v7i3.3521

Wulandari, N. W., DAS, A. M., & Raudhati, E. (2022). Studi Kelayakan Investasi Operasional Alat Berat PT. Permata Agung Dewata Di Kota Jambi. Jurnal Talenta Sipil, 5(1), 9. https://doi.org/10.33087/talentasipil.v5i1.92

Yoestin, O., Syah, T. Y. R., Pusaka, S., & Sunaryanto, K. (2022). Business Investment Analysis Integration of Y only Glass Processor and Applications. American International Journal of Business Management (AIJBM) ISSN, 5(03), 96–100. www.aijbm.com




DOI: http://dx.doi.org/10.31000/dmj.v8i3.11289

Article Metrics

Abstract - 90 PDF - 67

Refbacks

  • There are currently no refbacks.


Jurnal ini telah terindeks dalam:


googleGaruda crossref dimention


Office:
Editor of Dynamic Management Journal (DMJ) UMT, Building F, 3rd Floor, Department Management Faculty of Economics and Business, Universitiy Of Muhammadiyah Tangerang
Jl. Perintis Kemerdekaan I No.33, RT.007/RW.003, Babakan, Cikokol, Kec. Tangerang, Kota Tangerang, Banten 15118

Wa: 08567312111 (Galuh), 085716034977 (Eky)
Email: dynamic@gmail.com 

Dynamic management journal is licensed under Attribution-ShareAlike 4.0 International