Feasibility of Ray Processing Business in Cilacap, Central Java
Abstract
Stingrays constitute a demersal fish variety prominently distributed in Indonesia, particularly in Cilacap. The flesh of stingrays is widely consumed and undergoes various forms of processing. In Cilacap, stingrays are notably transformed into salted fish, emerging as export commodities such as fillet meat, leather crafts, bones, fins, and gills. The research conducted on stingray processing aims to assess the business feasibility in Cilacap, Central Java, spanning from March to April 2022, specifically in the Menganti Village. Primary data was garnered through interviews with 10 respondents, comprising both fishermen and stingray processors. The analysis of primary data, focusing on business feasibility, reveals that the stingray processing venture is highly viable. This is evidenced by the Break Even Point (BEP) with an average R/C ratio of 11.6, surpassing the threshold of 1.0, indicative of favorability. The Payback Period (PBP) for the investment stands at four months, with an accompanying average profit of Rp. 396,892,142.9.
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