FINANCIAL ANALYSIS OF SEAWEED CULTIVATION (Eucheuma cottoni) IN SOUTHEAST MALUKU REGENCY

Abstract

The sustainability and development of seaweed cultivation in Southeast Maluku have become a crucial focus in efforts to improve the welfare of coastal communities and optimize the sustainable utilization of aquatic resources. This study aims to analyze the financial aspects of seaweed cultivation in Southeast Maluku, including production costs, revenue, profit, and factors influencing the profitability of this business. The research methodology employs a quantitative descriptive approach using primary data from interviews and secondary data from various scientific journals and case studies in several aquatic regions in Indonesia. The results indicate that the obtained Net Present Value (NPV) is IDR 453,235,768,711, the Internal Rate of Return (IRR) is 108.55%, the Payback Period (PP) is 5 years and 6 months, and the Benefit-Cost Ratio (BCR) is 8.99 times higher than the investment made over a 20-year project lifespan. Based on the four investment criteria used as financial analysis tools, the seaweed cultivation project in Southeast Maluku Regency is considered feasible.