Evaluation Of Financial Performance Of Tourism Enterprises Traded In Stock Exchange Istanbul By Topsis and Vikor Methods

Yunus Emre Kahraman; Yilmaz Çalışkan

Article Details

Evaluation Of Financial Performance Of Tourism Enterprises Traded In Stock Exchange Istanbul By Topsis and Vikor Methods

Authors:

Yunus Emre Kahraman | Yilmaz Çalışkan

Publisher:

Ahmet Arif EREN

Main Topics:

Finans

Journal:

Politik Ekonomik Kuram Vol.8 Issue 3, pp.725-740

Document Type:

Article

Publication Date:

9/2024

Document Language:

Turkish

Document ID (Org No.):

2001328063

pISSN:

2587-2567

Keywords:

Abstract:

 This study presents a detailed analysis using TOPSIS and VIKOR methods to objectively evaluate the financial performance of 12 companies in the tourism sector traded on Borsa Istanbul in 2023. The research includes the findings obtained as a result of the evaluations of the companies based on basic financial indicators such as liquidity, profitability and productivity. The analysis using the TOPSIS method reveals that Büyük Şefler Gıda has the best financial performance in the tourism sector. This result indicates that the company has achieved the best cost efficiency and the highest revenue growth in general. On the other hand, Petrokent Turizm was identified as the lowest performing company, indicating that the companys financial statements are weak compared to others. Using the VIKOR method, Flap Congress and Altınyunus Çeşme stand out and exhibit a more competitive financial performance compared to other companies in the sector. On the other hand, Petrokent Turizm was again found to have the lowest performance. These analyzes provide important guidance for investors to make more informed investment decisions among companies in the tourism sector. In conclusion, this study makes an important contribution to analyze the financial health of companies in the tourism sector in depth and provide guidance to investors. Future research may allow for more comprehensive and detailed analyses by integrating different methods and criteria, which may increase knowledge on financial markets and lead to more robust investment decisions.

 This study presents a detailed analysis using TOPSIS and VIKOR methods to objectively evaluate the financial performance of 12 companies in the tourism sector traded on Borsa Istanbul in 2023. The research includes the findings obtained as a result of the evaluations of the companies based on basic financial indicators such as liquidity, profitability and productivity. The analysis using the TOPSIS method reveals that Büyük Şefler Gıda has the best financial performance in the tourism sector. This result indicates that the company has achieved the best cost efficiency and the highest revenue growth in general. On the other hand, Petrokent Turizm was identified as the lowest performing company, indicating that the companys financial statements are weak compared to others. Using the VIKOR method, Flap Congress and Altınyunus Çeşme stand out and exhibit a more competitive financial performance compared to other companies in the sector. On the other hand, Petrokent Turizm was again found to have the lowest performance. These analyzes provide important guidance for investors to make more informed investment decisions among companies in the tourism sector. In conclusion, this study makes an important contribution to analyze the financial health of companies in the tourism sector in depth and provide guidance to investors. Future research may allow for more comprehensive and detailed analyses by integrating different methods and criteria, which may increase knowledge on financial markets and lead to more robust investment decisions.

 This study presents a detailed analysis using TOPSIS and VIKOR methods to objectively evaluate the financial performance of 12 companies in the tourism sector traded on Borsa Istanbul in 2023. The research includes the findings obtained as a result of the evaluations of the companies based on basic financial indicators such as liquidity, profitability and productivity. The analysis using the TOPSIS method reveals that Büyük Şefler Gıda has the best financial performance in the tourism sector. This result indicates that the company has achieved the best cost efficiency and the highest revenue growth in general. On the other hand, Petrokent Turizm was identified as the lowest performing company, indicating that the companys financial statements are weak compared to others. Using the VIKOR method, Flap Congress and Altınyunus Çeşme stand out and exhibit a more competitive financial performance compared to other companies in the sector. On the other hand, Petrokent Turizm was again found to have the lowest performance. These analyzes provide important guidance for investors to make more informed investment decisions among companies in the tourism sector. In conclusion, this study makes an important contribution to analyze the financial health of companies in the tourism sector in depth and provide guidance to investors. Future research may allow for more comprehensive and detailed analyses by integrating different methods and criteria, which may increase knowledge on financial markets and lead to more robust investment decisions.

 Bu çalışma, Borsa İstanbulda işlem gören turizm sektöründeki 12 şirketin 2023 yılı finansal performanslarını objektif bir şekilde değerlendirmek amacıyla TOPSIS ve VIKOR yöntemlerini kullanarak detaylı bir analiz sunmaktadır. Araştırma, şirketlerin likidite, kârlılık ve verimlilik gibi temel finansal göstergeler üzerinden yapılan değerlendirmeler neticesinde elde edilen bulguları içermektedir. TOPSIS yöntemiyle yapılan analizde, Büyük Şefler Gıdanın turizm sektöründe en iyi finansal performansa sahip olduğu belirlenmiştir. Bu sonuç, şirketin genel olarak en iyi maliyet etkinliği ve en yüksek gelir artışını sağladığını göstermektedir. Diğer yandan, Petrokent Turizm en düşük performansı gösteren şirket olarak belirlenmiştir, bu da şirketin mali tablolarının diğerleriyle kıyaslandığında zayıf olduğuna işaret etmektedir. VIKOR yöntemiyle yapılan değerlendirmede ise, Flap Kongre ve Altınyunus Çeşmenin öne çıktığı ve sektördeki diğer şirketlere göre daha rekabetçi bir finansal performans sergilediği görülmüştür. Öte yandan, Petrokent Turizmin yine en düşük performansı sergilediği tespit edilmiştir. Bu analizler, yatırımcılara turizm sektöründeki şirketler arasında daha bilinçli yatırım kararları alabilmeleri için önemli bir yol göstericidir. Sonuç olarak, bu çalışma turizm sektöründeki şirketlerin finansal sağlığını derinlemesine analiz etmekte ve yatırımcılara rehberlik etmek amacıyla önemli bir katkı sunmaktadır. Gelecekte yapılacak araştırmalar, farklı yöntemlerin ve kriterlerin entegrasyonuyla daha kapsamlı ve detaylı analizlerin yapılmasına olanak tanıyabilir, bu da finansal piyasalar üzerindeki bilgi birikimini artırabilir ve daha sağlam yatırım kararları alınmasını sağlayabilir.

Article Details

Evaluation Of Financial Performance Of Tourism Enterprises Traded In Stock Exchange Istanbul By Topsis and Vikor Methods

Authors:

Yunus Emre Kahraman | Yilmaz Çalışkan

Publisher:

Ahmet Arif EREN

Main Topics:

Finans

Journal:

Politik Ekonomik Kuram Vol.8 Issue 3, pp.725-740

Document Type:

Article

Publication Date:

9/2024

Document Language:

Turkish

Document ID (Org No.):

2001328063

pISSN:

2587-2567

Borsa Istanbul

Tourism Companies

Financial Performance

Financial Markets and InstitutionsBorsa İstanbul

Turizm Şirketleri

Finansal Performans

Finansal Piyasa ve Kurumlar

Issues

Article Details

Authors: Yunus Emre Kahraman | Yilmaz Çalışkan

Publisher: Ahmet Arif EREN

Main Topics: Finans

Journal: Politik Ekonomik Kuram Vol.8 Issue 3, pp.725-740

Document Type: Article

Publication Date: 9/2024

Document Language: Turkish

Document ID (Org No.): 2001328063

pISSN: 2587-2567

Issues

Authors:

Yunus Emre Kahraman | Yilmaz Çalışkan

Publisher:

Ahmet Arif EREN

Main Topics:

Finans

Journal:

Politik Ekonomik Kuram Vol.8 Issue 3, pp.725-740

Document Type:

Article

Publication Date:

9/2024

Document Language:

Turkish

Document ID (Org No.):

2001328063

pISSN:

2587-2567