Dosen STIM Nitro Makassar
An Analysis of Financial Performance of the Municipal Water Works (PDAM) in Makassar City.
The aim of the study was to discover the financial performance of the Municipal Water Works (PDAM) for the period of 2005-2009 and factors causing the loss to the Municipal Water Works.
The analysis used in the study was financial ratio comprising liquidity ratio, leverage ratio, activity ratio, profitability ratio, and du pont analysis.
The results of the study indicate that the financial performances of the Municipal Water Works in Makassar for the period of 2005-2009 were very bad due to operating leverage that is high persentage of leakage and high operating cost. Whereas the financial leverage factors are the amounts of debt proportion and loan interest that have matured and have not been paid.
Keywords: financial performance, financial ratio and du pont analysis method.