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This research is a quantitative research on the performance of the Islamic Co-operative in Thailand Islamic Co-operative Network between 2012 and 2016. The sample which includes 15 Co-operatives was collected by using stratified random sampling and simple random sampling. The objective of this study was to examine the factors that affected the performance of these Islamic Co-operatives. Data collection was done through obtaining the annual reports from these Islamic Co-operatives. Return on Assets, Return on Equity and Return on Capital Employed were used as proxies for the performance. Descriptive and inferential statistics were employed for analyzing the data and the hypotheses were tested with multiple regression analysis. The results revealed that the current ratio, leverage ratio, member saving, loan profit per asset, liquidity and member saving per asset had a significantly positive effect on the performance. However, member quantity, allowance for doubtful accounts per total loan and loan per member had a significantly negative effect on the performance. For each Islamic Co-operative to improve its performance, the mentioned factors should therefore be adjusted. In conclusion, the results of this paper can be applied to also improve the performance of other types of co-operatives and banking institutions in Thailand.
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