REVENUE BUDGET AND COST BUDGET ANALYSIS OPERATIONS TO FINANCIAL PERFORMANCE BASED ON RETURN ON ASSET AT PDAM SIKKA REGENCY

Abstract

A company is a organization built with the aim to seek profit through improving financial performance in order to maintain the company's survival. The purpose of the study is to find out and Analyze the effect of The Revenue Budget and Operating Expense Budget on Financial Performance Based on Return On Asset Ratio at PDAM Maumere Office both partially and simultaneously. In this study, the sample was the company's Return on Asset (ROA) data as well as revenue budget and operating expense budget in the period 2016-2020. The results of this study show that partially (test t) shows that the Operating Cost Budget (X1) has a negative and insignificant effect on Return on Asset (Y). Partial test results (test t) show that the Revenue Budget (X2) has a positive and insignificant effect on Return on Asset (Y). Simultaneous test results (test F) showed that the Operating Expense Budget (X1) and Revenue Budget (X2) together had no significant effect on Return on Asset (Y). The results of the Coefficient of Determination (R2) show that the Operating Cost Budget and Revenue Budget are able to explain the variation in the ups and downs of Return on Asset of only 54.5.

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