An Evaluation of The Implementation Financial Stability of The Cooperative: A Case Study of Nakhonsawan Teacher’s Saving Cooperative Ltd.
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Abstract
The objectives of this research were to: 1) evaluate the trend of financial performance of Nakhonsawan Teachers Savings Cooperative Ltd. between 2012 and 2021. 2) conduct a comparative study of financial performance and the industry average (peer group) in 2021. 3) Exploratory main factors of financial ratios that affect the financial operations of the Nakhonsawan Teachers Savings Cooperative Ltd., by collecting secondary data from annual business reports of Nakhonsawan Teachers Savings Cooperative Ltd., calculating financial ratios according to the CAMEL Analysis concept applied by Cooperative Auditing Department, 17 ratios, analyzing trends, and comparing with industry averages. Component analysis using the Principal Component Analysis (PCA) and Orthogonal rotation using the Varimax method. The results showed that the evaluation of operating trends in financial stability during the period 2012 - 2021 has evaluation results at level 5 (very good 29.41%), level 4 (good 5.88%), and level 3 (satisfied 35.29%). The total cumulative percentage value is 70.59. The evaluation consequence is within a good range. The results of comparing financial ratios for the year 2021 with the industry average are comparable at level 5 (very good, 17.65%), level 4 (good, 11.76%), and level 3 (standards, 23.53%). The total cumulative percentage value is 52.94. Comparison consequences within a standard level. The main factors affecting the financial operations of the Nakhonsawan Teachers Savings Cooperative Ltd. consist of 2 factors: main factor 1, a factor of return on capital and asset turnover, and main factor 2, a factor of business growth rate.
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