Financial Performance Analysis of Ethiopian Red Cross Society Essential Drugs Programme: A case study of Tigray Regional Branch

Abstract

This paper entitled “Financial Performance Analysis” circulates around the key issues of financial performance of Ethiopian Red Cross Society Essential Drugs Programme a case study of Tigray Regional Branch. It applies financial analysis and assesses the financial performance of the company. The objective is to evaluate the financial health of the company. The data used in the study was obtained from the financial statements of the company and through unstructured interview with the finance people. Financial statements were thoroughly investigated to analyze the financial performance trend. The objective is achieved through implementation of financial analyzing tools and techniques, mainly financial ratio analysis. The study finding indicates that the company’s liquidity ratios were very good in all branches of the years under this study. The profitability ratio and asset management of the organization for all branches was not at good position. The management of the company was no performing efficiently and effectively. The assets of the company were financed by the capital but not using debts.