The financial performance of rubber cooperatives in Trat Province, Thailand was
studied. The results revealed that characteristics of rubber cooperatives were divided into
primary and secondary businesses. Four rubber cooperatives obtained the highest revenue
from gathering rubber products as primary business, accounting for 50 percent of all rubber
cooperatives, covering 22.53 million (THB.) per year. Regarding secondary business, two
rubber cooperatives generated the highest revenue by supplying and selling fertilizer and
agricultural chemicals, and processing rubber products accounting for 4 million (THB) per
year. Seven cooperatives (87.5%) had acceptable financial performance ratios. This finding
implied that these cooperatives were successful in terms of operation. The ability of rubber
cooperatives to meet current obligations and the use of resources were effective. In contrast,
only one cooperative investing in rubber processing gained an unacceptable financial
performance ratio which was below than 2. The Acid-test (-0.17) demonstrated rubber
cooperative dependency upon inventory. Additionally, the inventory turnover ratio was
excessively high. There was much invested in rubber processing, machinery, and
equipment. Cooperative management should consider financial ratios as an important tool
to investigate the performance of rubber cooperatives.