Potentials of Regional Owned Enterprises in West Papua Develompment from Liquidity Perspective

Sarah Usman, Mona Permatasari Mokodompit

Abstract


The ability to analyze and optimize local potential can be a source of regional strength in continuing development. One way is to establish a regional company that has a very important and strategic position in supporting the regional autonomy implementation. Regional owned enterprises in Manokwari is a water supply company (PDAM) and Papua Doberai Mandiri (PADOMA). The aim of this research is to identify the potential of regional owned enterprises in Manokwari Regency by examining its liquidity level. The research sample is a water supply company (PDAM) and Papua Doberai Mandiri (PADOMA) in Manokwari Regency. Financial analysis ratio consisting of current ratio, cash ratio and current asset ratio of total assets is used to analyze the research data. The research findings show that average of the liquidity level of Papua Doberai Mandiri (PADOMA) is minimum 0.26 or 26 percent, which is high. Meanwhile, average of the liquidity level of a water supply company (PDAM) is very low which is minimum 0.03 or 3 percent. This indicates that PADOMA have more potential compare to PDAM in the development of West Papua. However, involvement of local government is still needed to evaluate and control the existing regional owned enterprises in order to increase its potential in the development of West Papua

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