THE EFFECT OF DISBURSED CREDIT, CAPITAL ADEQUACY, AND CASH TURNOVER RATE ON THE PROFITABILITY OF VILLAGE CREDIT INSTITUTIONS (LPD)

Authors

  • Ni Kadek Korita Dewi Faculty of Economics and Business, Udayana University, Indonesia Author
  • I Made Karya Utama Faculty of Economics and Business, Udayana University, Indonesia Author

Keywords:

Village Credit Institutions (LPD), Disbursed Credit, Capital Adequacy, Cash Turnover Rate, Profitability

Abstract

This study aims to examine the effect of disbursed credit, capital adequacy, and cash turnover rate on the profitability of Village Credit Institutions (LPD) in Kintamani District, based on the anticipated income theory. The urgency of this study is driven by the high number of unhealthy and non-operational LPDs in Kintamani compared to other districts in Bangli Regency, despite the overall upward trend in net profits and total assets. This discrepancy indicates a potential imbalance between asset growth and financial management efficiency. The study employs secondary data derived from the financial reports of 57 active LPDs in Kintamani from 2021 to 2023, totaling 171 observations, collected using non-probability purposive sampling. Data analysis was conducted using multiple linear regression with SPSS software. The findings show that disbursed credit, capital adequacy, and cash turnover rate have a positive and significant impact on LPD profitability.

Downloads

Download data is not yet available.

References

[1] Abdullah, K. et al. (2022). Metodologi Penelitian Kuantitatif. 1st edn. Aceh: Yayasan Penerbit Muhammad Zaini.

[2] AL-Zararee, A., Almasria, N. A., & Alawaqleh, Q. A. (2021). The Effect Of Working Capital Management And Credit Management Policy On Jordanian Banks Financial Performance. Banks and Bank Systems, 16(4), pp. 229–239. doi: 10.21511/bbs.16(4).2021.19.

[3] Anggreni, M., & Novianty, I. (2021). Pengujian Pembiayaan Musyarakah Sebagai Variabel Intervening Antara Dana Pihak Ketiga (DPK) Terhadap Laba Bersih Pada Bank Umum Syariah Periode 2017-2019. Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan, dan Akuntansi, 13(1), pp. 67–82. doi: 10.35313/ekspansi.v13i1.2571.

[4] Antari, N. P. N., & Baskara, I. G. K. (2020). Pengaruh LDR, NPL, Dan BOPO Terhadap Profitabilitas Pada LPD Di Kabupaten Gianyar. E-Jurnal Manajemen Universitas Udayana, 9(8), p. 2998. doi: 10.24843/ejmunud.2020.v09.i08.p06.

[5] Aprian, U., & Junaidi, A. (2022). Pengaruh Perputaran Kas Dan Perputaran Piutang Terhadap Profitabilitas. Akuntansi dan Teknologi Informasi, 15(2), pp. 81–95. doi: 10.24123/jati.v15i2.4900.

[6] Ariani, L. O., Mendra, N. P. Y., & Bhegawati, D. A. S. (2020). Kualitas Kredit Sebagai Pemoderisasi Pengaruh Tingkat Penyaluran Kredit dan BOPO Terhadap Profitabilitas Lembaga Perkreditan Desa (LPD) Se Kecamatan Kediri Tahun 2016-2018. Jurnal Kharisma, 2(2), pp. 284–305.

[7] Astuti, H. (2025). Pengantar Akuntansi Lanjutan. 1st edn. Edited by D. S. Atmaja. Mojokerto: Insight Mediatama.

[8] Astuti, R. P. (2022). Pengaruh CAR, FDR, NPF, Dan BOPO Terhadap Profitabilitas Perbankan Syariah. Jurnal Ilmiah Ekonomi Islam, 8(3), p. 3213. doi: 10.29040/jiei.v8i3.6100.

[9] Balami, S., & Chalise, D. R. (2023). Capital Adequacy and its Influence on Bank Profitability in Nepal. International Journal of Silkroad Institute of Research and Training, 1(2), pp. 106–114. doi: 10.3126/ijsirt.v1i2.61771.

[10] Brigham, E. F., & Houston, J. F. (2015). Fundamentals of Financial Management. 11th edn. Edited by M. R. Reynolds. USA: Cengage Learning.

[11] Budhathoki, P. B. et al. (2020). The Impact of Liquidity, Leverage, and Total Size on Banks’ Profitability: Evidence from Nepalese Commercial Banks. Journal of Economics and Business, 3(2), pp. 545–555. doi: 10.31014/aior.1992.03.02.219.

[12] Candra, R. et al. (2024). Determinan Return on Asset Pada PT. Bank Muamalat Indonesia. Al-bank: Journal Islamic Banking and Finance, 4(1), pp. 1–12. doi: 10.55047/transekonomika.v3i5.567.

[13] Chaudhury, P., & Sana, A. K. (2024). Measuring Financial Performance of Non-Banking Financial Companies (NBFCs): Evidence from Select BSE-Listed NBFCs In India. Advancement in Management and Technology, 05(01), pp. 42–54. doi: 10.46977/amt.2024.v05i01.003.

[14] Dewi, M. S., & Nuryani, N. N. J. (2022). Peran Risiko Kredit dan Tingkat Kecukupan Modal Terhadap Profitabilitas. Jurnal Akuntansi Kompetif, 5(1), pp. 76–84.

[15] Elrachman, Z. F., & Ekowati, W. H. (2024). Determinan Kinerja Keuangan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2017-2021. Reviu Akuntansi, Keuangan, dan Sistem Informasi (REAKSI), 3(1), pp. 219–232. doi: https://doi.org/10.21776/reaksi.2024.3.1.140.

[16] Febriani, S. A. D., & Suardikha, I. M. S. (2019). Pengaruh Perputaran Kas, Kecukupan Modal, dan Risiko Kredit Pada Profitabilitas LPD di Kabupaten Gianyar. E-Jurnal Akuntansi, 29(1), p. 308. doi: 10.24843/eja.2019.v29.i01.p20.

[17] Gustira, F., Novi, M., & Putra, D. (2024). Pengaruh Kecukupan Modal Dana Pihak Ketiga Dan Risiko Kredit Terhadap Profitabilitas Pada Bank Muamalat Indonesia Tahun 2013-2022. Jurnal Akuntansi Dewantara, 8(02), pp. 365–375.

[18] Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program SPSS 25 (9th ed.). Badan Penerbit Universitas Diponogoro.

[19] Habali, H. Z. AL., & Durrani, B. (2024). Financial Performance Metrics of Islamic Banks in the Sultanate of Oman : An Analytical Review. International Research Journal of Economics and Management Studie, 3(6), pp. 12–21. doi: 10.56472/25835238/IRJEMS-V3I6P102.

[20] Hayat, A. et al. (2021). Manajemen Keuangan. 1st edn. Edited by H. Harmain. Medan: Madenatera. Available at: http://eprint.unipma.ac.id/168/1/82. repository diyah santi.pdf.

[21] Humta, H., Şahin, İ. E., & Ghafourzay, H. (2024). Capital Adequacy and Bank Profitability: the Moderating Effect of Macroeconomic Variables. Management Sciences, 14(2), pp. 39–50. doi: 10.26794/2304-022x-2024-14-2-39-50.

[22] Iba, Z., & Wardhana, A. (2023). Metode Penelitian, Metode Penelitian Kualitatif. Purbalingga: CV. Eureka Media Aksara. Available at: http://repository.unpas.ac.id/30547/5/BAB III.pdf.

[23] Jaya, A. et al. (2023). Manajemen Keuangan. 1st edn, Modul Kuliah. 1st edn. Edited by Fachrurazi. Padang: PT Global Eksekutif Teknologi.

[24] Karim, A., & Hanafia, F. (2020). Analisis CAR, BOPO, NPF, FDR, NOM, Dan DPK Terhadap Profitabilitas Pada Bank Syari’ah Di Indonesia. Target : Jurnal Manajemen Bisnis, 2(1), pp. 36–46. doi: 10.30812/target.v2i1.697.

[25] Kruk, S. (2021). Impact of Capital Structure on Corporate Value—Review of Literature. Journal of Risk and Financial Management, 14(4). doi: 10.3390/jrfm14040155.

[26] Likita, N. K. L., & Arsana, I. M. M. (2022). Pengaruh Perputaran Kas, Penyaluran Kredit, Pertumbuhan Tabungan Dan Deposito Serta Kecukupan Modal Terhadap Profitabilitas Lpd Di Kecamatan Susut. Journal Research of Accounting, 3(2), pp. 123–141. doi: 10.51713/jarac.v3i2.56.

[27] Lilis, N. K., Widnyana, I. W., & Tahu, G. P. (2021). Pengaruh Tingkat Perputaran Kas, Perputaran Kredit Dan Tingkat Pertumbuhan Simpanan Terhadap Profitabilitas Di Lpd Sekecamatan Sukawati Kabupaten Gianyar. Jurnal EMAS, 2(3), pp. 108–121.

[28] Lintang, D., & Ardillah, K. (2021). Pengaruh Kredit Bermasalah, Perputaran Kas, Efisiensi Operasional, Dana Pihak Ketiga, dan Likuiditas terhadap Profitabilitas pada Perusahaan Perbankan. Jurnal Akuntansi, Keuangan, dan Manajemen, 3(1), pp. 69–82. doi: 10.35912/jakman.v3i1.711.

[29] Mazreku, I., Morina, F., & Zeqaj, F. (2020). Does Working Capital Management Affect the Profitability of Commercial Banks: The Case of Kosovo. European Journal of Sustainable Development, 9(1), pp. 126–140. doi: 10.14207/ejsd.2020.v9n1p126.

[30] Meliza, Hasan, N. A., & Saputri, H. (2024).The Influence of Banking Liquidity Risk on Profitability: The Moderating Role of Capital Adequacy Ratio. Banks and Bank Systems, 19(2), pp. 140–151. doi: 10.21511/bbs.19(2).2024.11.

[31] Mengstie, B., Mosisa, Tafa., & Mosisa, Toleshi. (2024). Impact of Working Capital Management on Profitability of Private Commercial Banks in Ethiopia. Journal of Innovation and Entrepreneurship, 13(1). doi: 10.1186/s13731-024-00379-3.

[32] Mohammad, S. S., Prajanti, S. D. W., & Setyadharma, A. (2020). The Analysis of Financial Banks in Libya and Their Role in Providing Liquidity. Journal of Economic Education, 10(1), pp. 1–13.

[33] Mukaromah, N., & Supriono, S. (2020). Pengaruh Kecukupan Modal, Risiko Kredit, Efisiensi Operasional, Dan Likuiditas Terhadap Profitabilitas Perbankan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2015 – 2017. Journal of Economic, Management, Accounting and Technology, 3(1), pp. 67–78. doi: 10.32500/jematech.v3i1.1082.

[34] Narayana, G. K. K., Kawiana, I. G. P., & Trarintya, M. A. P. (2023). Credit Quality as a Moderating Effect of Capital Adequacy and Credit Distribution on the Profitability of Village Credit Institutions. Journal of Economics, Finance and Management Studies, 06(11), pp. 5295–5306. doi: 10.47191/jefms/v6-i11-05.

[35] Natanael, N., & Mayangsari, S. (2022). Pengaruh NIM, BOPO, CAR, Dan Ukuran Perusahaan Terhadap Profitabilitas Perusahaan Sektor Perbankan. Jurnal Ekonomi Trisakti, 20(1), pp. 105–123. doi: http://dx.doi.org/10.25105/jet.v2i2.14682.

[36] Nirawati, L. et al. (2022). Profitabilitas dalam Perusahaan. Jurnal Manajemen dan Bisnis, 5(1), pp. 60–68.

[37] Nopiyani, P. E., & Yana, P. L. A. S. (2023). Analisis Perbedaan Nilai Tingkat Kesehatan Pada LPD Desa Adat Sambangan. E-Bisnis : Jurnal Ilmiah Ekonomi dan Bisnis, 16(1), pp. 110–116. doi: 10.51903/e-bisnis.v16i1.1138.

[38] Nurhasanah, D., & Maryono. (2021). Analisa Pengaruh Rasio Keuangan Terhadap Profitabilitas Pada Perusahaan Perbankan Periode 2016 – 2018. JURNAL KEUNIS (Keuangan dan Bisnis), 9(1), pp. 85–95.

[39] Nurvitasari, D., & Hartono, U. (2023). Bank Profitability Analysis: the Role of Liquidity, Company Size, Asset Quality and Leverage. Matrik : Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan, 17(2), p. 196. doi: 10.24843/matrik:jmbk.2023.v17.i02.p07.

[40] Oktavia, Y., & Kalsum, U. (2021). Pengaruh Keputusan Investasi, Keputusan Pendanaan, Kebijakan Dividen dan Profitabilitas Terhadap Nilai Perusahaan di BEI. Jurnal Ilmu Manajemen, 11(1), p. 39. doi: 10.32502/jimn.v11i1.3137.

[41] Paramita, R. W. D., Rizal, N., & Sulistyan, R. B. (2021). Metode Penelitian Kuantitatif. Edisi Keti. Lumajang, Jawa Timur: Widya Gama Press.

[42] Pattipeilohy, L. A., & Rahayu, Y. (2023). Pengaruh Permodalan Dan Dana Pihak Ketiga (DPK) Terhadap Jumlah Penyaluran Kredit (Studi Pada Perusahaan Perbankan Di Bursa Efek Indonesia Periode (2020-2021). Jurnal Ilmu dan Riset Akuntansi, 12(10), pp. 1–15. doi: e-ISSN: 2461-0585.

[43] Peraturan Daerah Provinsi Bali Nomor 3 Tahun 2017 Tentang Lembaga Perkreditan Desa

[44] Peraturan Gubernur Bali Nomor 44 Tahun 2017 Tentang Peraturan Pelaksanaan Peraturan Daerah Provinsi Bali Nomor 3 Tahun 2017 Tentang Lembaga Perkreditan Desa.

[45] Pradnyasari, P. N. C., & Muliati, N. K. (2021). Pengaruh Dana Pihak Ketiga, Penyaluran Kredit Dan Tingkat Suku Bunga Kredit Terhadap Profitabilitas Pada Lembaga Perkreditan Desa (LPD) Se-Kecamatan Abiansemal Tahun 2017-2019. Hita Akuntansi dan Keuangan, 2(4), pp. 94–108. doi: 10.32795/hak.v2i4.1999.

[46] Priadana, S., & Sunarsi, D. (2021). Metode Penelitian Kuantitatif. 1st edn, Sustainability (Switzerland). 1st edn. Tanggerang Selatan: Pascal Books. doi.org/10.1016/j.regsciurbeco.2008.06.005

[47] Prianthara, I. B. T. (2019). Sistem Akuntansi LPD. 1st edn, Paper Knowledge . Toward a Media History of Documents. 1st edn. Denpasar: PT Mabhakti. Available at: https://cdn.undiknas.ac.id/repository/REPO-15924786160935119.pdf.

[48] Prochnow, Herbert V. (1949). Bank Liquidity and the New Doctrine of Anticipated Income. The Journal of Finance 4 (4) : 298–314. https://doi.org/10.2307/2975424.

[49] Puspaningrum, N. L. P. A., & Diantini, N. N. A. (2023). Kecukupan Modal, Loan to Deposit Ratio, Pertumbuhan Nasabah dan Profitabilitas. E-Jurnal Akuntansi, 33(8), pp. 1986–1999. doi: 10.24843/eja.2023.v33.i08.p02.

[50] Puspita, L. D., & Mustanda, I. K. (2019). Pengaruh Capital Adequacy Ratio, Loan to Deposit Ratio, dan Non Performing Loan Terhadap Profitabilitas LPD. E-Jurnal Manajemen, 8(7), pp. 4017–4044. doi: https://doi.org/10.24843/EJMUNUD.2019.v08.i07.p01.

[51] Putrawan, I. G. A., Ekayani, N. N. S., & Trisnadewi, A. . A. E. (2022). The Effect Of Cash Turnover, Number Of Customers, Leverage And Receivable Turnover On Profitability. Journal of Governance, Taxation and Auditing, 1(1), pp. 55–63. doi: 10.38142/jogta.v1i1.397.

[52] Putri, I. A. A. A., Widnyana, I. W., & Gunadi, I. G. N. B. (2022). Pengaruh Risiko Kredit, Loan To Deposit Ratio (LDR) dan Capital Adequacy Ratio (CAR) Terhadap Profitabilitas LPD Se Kecamatan Ubud, Kabupaten Gianyar. Jurnal Emas, 3(9), pp. 51–70.

[53] Putri, K. G. D. C. et al. (2020). Pengaruh Penyaluran Kredit, dan Dana Pihak Ketiga (DPK) Terhadap Profitabilitas Lembaga Perkreditan Desa (LPD) di Desa Pakraman Ubud Tahun 2015-2018. Warmadewa Economic Development Journal (WEDJ), 3(2), pp. 52–58. doi: 10.22225/wedj.3.2.2269.52-58.

[54 Safitri, R. B. E., & Suselo, D. (2023). Pengaruh Risiko Pembiayaan, Kecukupan Modal dan Dana Pihak Ketiga terhadap Profitabilitas pada Bank Syariah di Indonesia Tahun 2017-2021. Jurnal Mirai Management, 8(1), pp. 78–87.

[55] Sanjaya, N. M. W. S., & Dewi, K. P. (2023). Peningkatan Kinerja Keuangan Lpd Desa Adat Penglatan Melalui Pengelolaan Risiko Keuangan Di Masa Pandemi Covid-19. Jurnal EK&BI, 6, pp. 268–276. doi: 10.37600/ekbi.v6i2.1194.

[56] Saputra, A. J., & Angriani, R. (2023). Pengaruh Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), Net Interest Margin (NIM), Loan To Deposit Ratio (LDR) Dan Biaya Operasional Pendapatan Operasional (BOPO) Terhadap Return On Asset (ROA) Pada Bank Perkreditan Rakyat (BPR) di Kota Batam. Akuntansi dan Manajemen, 18(1), pp. 93–115. doi: 10.30630/jam.v18i1.210.

[57] Sara, I. M. (2021). Potensi Rush Money Dalam Pertimbangan Melakukan Audit Eksternal Lembaga Perkreditan Desa. JIMAT (Jurnal Ilmiah Mahasiswa Akuntansi) Universitas Pendidikan Ganesha, 12(01), pp. 1000–1010.

[58] Saragih, M. G. et al. (2021). Metode Penelitian Kuantitatif: Dasar – Dasar Memulai Penelitian - Google Books. Available at: https://www.google.co.id/books/edition/Metode_Penelitian_Kuantitatif_Dasar_Dasa/3kpKEAAAQBAJ?hl=id&gbpv=1&dq=variabel+independen+adalah&pg=PA46&printsec=frontcover.

[59] Siswanto, E. (2021). Manajemen Keuangan Dasar. 1st edn, Sustainability (Switzerland). 1st edn. Malang: Universitas Negeri Malang.

[60] Suryani, S. et al. (2023). Pengaruh pemberian kredit dan Non Performing Loan Terhadap Profitabilitas Bank Umum Yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2022. INNOVATIVE: Journal Of Social Science Research, 3(5), pp. 7565–7572. Available at: https://j-innovative.org/index.php/Innovative/article/view/5734.

[61] Uruakpa, P. C. (2024). Liquidity Management and Profitability of Deposit Money Banks in Nigeria: An Impact Analysis. Iiard International Journal of Banking and Finance Research, 10(1), pp. 29–42. doi: 10.56201/ijbfr.v10.no1.2024.pg29.42.

[62] Utami, N. W. S., & Ramantha, I. W. (2024). Analisis Faktor yang Mempengaruhi Profitabilitas Lembaga Perkreditan Desa. 34(3), pp. 760–774. doi: 10.24843/EJA.2024.v34.i03.p15.

[63] Wanyonyi, M. W., & Miroga, J. (2023). Factors of Cash Flow Management on Financial Performance of Selected Commercial Banks in Bungoma County, Kenya. International Journal of Recent Research in Commerce Economics and Management (IJRRCEM), 10(3), pp. 187–201.

[64] Widari, N. P. A., Sunarwijaya, I. K., & Apriada, I. K. (2021). Pengaruh Risiko Kredit, Jumlah Nasabah, BOPO, Kecukupan Modal Terhadap Profitabilitas LPD Di Kota Denpasar. Jurnal Kharisma, 3(1), pp. 435–443.

[65] Widyawati, I. A. M. A., Gama, A. W. S., & Asiti, N. P. Y. (2022). Pengaruh Pertumbuhan Tabungan, Pertumbuhan Deposito dan Pertumbuhan Kredit Terhadap Profitabilitas di LPD Se-Kota Denpasar Tahun 2015-2019. Jurnal Emas, 3(November 2022), pp. 193–202.

[66] Wilasmi, N. K. S., Kepramareni, P., & Ardianti, P. N. H. (2020). Pengaruh Ukuran Perusahaan, Perputaran Kas, Perputaran Piutang, Dan Perputaran Persediaan Terhadap Profitabilitas. Jurnal Kharisma, 2(2), pp. 96–115.

[67] Yam, J. H., & Taufik, R. (2021). Hipotesis Penelitian Kuantitatif. Perspektif: Jurnal Ilmu Administrasi’, 3(2), pp. 96–102.

[68] Yanti, L. A. K., & Ary Wirajaya, I. G. (2020). Pengaruh Prinsip-Prinsip Good Governance pada Kinerja Keuangan LPD di Kabupaten Karangasem. E-Jurnal Akuntansi, 30(3), p. 713. doi: 10.24843/eja.2020.v30.i03.p13.

Downloads

Published

2025-07-20

Issue

Vol. 2 No. 1 (2025): JULY

Section

Articles