A Comparative financial performance analysis among water districts in the province of Rizal calendar year 2016 Charlene B. Anacio, Earline Kyril F. Martirez, Jerameel H. Olorvida and Ericka Allen

Thesis BSA University of Rizal System, Binangonan 2017

includes bibliographical references

This study primarily aimed to evaluate the financial performance among the water districts in the Province of Rizal for the Calendar Year 2016. The descriptive method was used in this study in order to gather information about present existing condition. The financial statements were gathered from the Commission on Audit and used as a primary source of data. In this study, the two water districts namely: Teresa Water District and Pililla Water District have the same category (Category C), therefore served as the respondents in the study on financial performance among the water districts in the Province of Rizal. To determine the profile of the respondents, frequency distribution analysis was used and financial statements were used to determine the financial performance of the water districts, utilizing financial analysis through horizontal, vertical and ratio analysis in terms of profitability, asset management, stability and profitability. The study found out that Pililla Water District has the capacity to meet its current and immediate financial demand. They are also competent in managing their capital. Therefore, Pililla Water District has an outstanding overall financial performance in managing their operations and they are efficient in managing assets, liabilities and equity. On the other hand, Teresa Water District depends on their creditors. Majority of their investments came from the borrowed money to continue the flow of its operations. In addition, there is also a significant risk of causing material adjustment to the carrying amount of assets and liabilities. The decrease on their investments affects their capability to pay creditors. Therefore, Teresa Water District has inefficient management of their operations. The researchers suggested the management of the water districts must build larger liquid assets in order to meet the payment of their obligation and unexpected expenses, proper control of cost and receivables, and proper management of investments.