FINANCIAL RATIO ANALYSIS OF VOLCANIC RICE PROCESSING OF KHOK MUANG VOLCANIC RICE GROUP, JORAKHEMAK SUB-DISTRICT, PRAKHONCHAI DISTRICT, BURIRAM PROVINCE
DOI:
https://doi.org/10.14456/nrru-rdi.2022.23Keywords:
Analysis of cost, Analysis of compensation, Volcanic rice groupAbstract
To increase the processing potential of volcanic rice in creating the added value and product development with the aim of 1) cost study, 2) yield study, 3) cost-return analysis, and 4) break-even point analysis and financial ratio. The processing of volcanic rice, Jorakhamak sub-district, Prakhonchai district, Buriram Province were studied. A specific target group was identified as the members of Bankhokmuang Volcanic Rice Group, totaling 30 participants. The research instrument was a structured interview form with a consistency between 0.60-1.00. The Appreciation Influence Control (AIC) technique was used to collect data in group discussion activities, brainstorming sessions, and in-depth interviews. The content was analyzed by the analytical formula based on cost and compensation. The results were 1) costs incurred include rice cost, rice sorting labor cost, bag packing labor electric sealer, packaging bag fee, sticker fee depreciation cost-equipment, shipping costs, bag costs, office electricity bill and office rent. The payoff part was revenue from sales of processed volcanic rice and other income, 2) average volume of volcanic rice processing 666.67 kg PPPY, average processing income 65.00 baht per kilogram, 3) production cost from rice processing was 701,800.00 baht, gross profit margin 46.12%, net profit margin 34.60%, and 4) sales volume at break-even point (unit) was 138.00 kg. Operating 34.60%, a return on investment 187.79% and a return on assets 901.40%, this was used as a guideline for cost-cutting planning, income planning from volcanic rice processing to increase the value, and the added value creating for agricultural products.
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