Publication: Financial performance of abel businesses in Bangar, La Union
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Date
2025-05
Journal Title
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Publisher
Don Mariano Marcos Memorial State University – Mid La Union Campus
Abstract
Abel weaving reflects a blend of Filipino heritage, craftsmanship, and livelihood in the town of Bangar, La Union. This study was conducted to evaluate their financial performance in terms of revenue, liquidity, profitability, and leverage. Data were gathered from seven (7) registered Abel weaving businesses using validated survey questionnaire. The responses were analyzed using frequency count and percentage, financial ratio analysis, Spearman’s rho, and Kruskal-Wallis Test. Findings revealed that all respondents were registered, classified as microenterprises, sole proprietors, and majority had been in business for two decades. They sourced materials locally, and all are manufacturing their own products. The businesses showed strong sales performance, were highly liquid, profitable, and maintained low levels of debt. Correlational analysis indicated that most profiling variables had no significant relationship while years of operation showed a significant and positive correlation with their net sales, current ratio, quick ratio, and debt-to-equity ratio to their financial performance.
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Keywords
SOCIAL SCIENCES::Business and economics
Citation
Abuan, E. P. A., Bilgera, A. J. M., Santos, J. A. R. & Perez, M. L. (2025). Financial performance of abel businesses in Bangar, La Union. [Unpublished Undergraduate Thesis]. Don Mariano Marcos Memorial State University – Mid La Union Campus, City of San Fernando, La Union. Lakasa ti Sirib, DMMMSU Institutional Repository.