Evaluation of the Performance of Enterprises Operating in BIST Forest Products and Furniture Sector with TOPSIS and Financial Analysis Methods

Yusuf Bahadır Kavas; Batuhan Medetoğlu

Article Details

Evaluation of the Performance of Enterprises Operating in BIST Forest Products and Furniture Sector with TOPSIS and Financial Analysis Methods

Authors:

Yusuf Bahadır Kavas | Batuhan Medetoğlu

Publisher:

Bolu Abant Izzet Baysal University

Journal:

Abant Sosyal Bilimler Dergisi Vol.23 Issue 1, pp.80-97

Document Type:

Article

Publication Date:

3/2023

Document Language:

Turkish

Document ID (Org No.):

2001286764

pISSN:

2757-9425

Keywords:

Abstract:

 By applying various analysis methods to the data obtained from the financial statements of the enterprises, it is ensured that future decisions are made with the data obtained in the past periods. This study, aims to perform the financial analysis and performance of 5 enterprises operating in the BIST Forest Products and Furniture Sector. The balance sheet and income statement data of the companies in the sector covered in the study were used. Horizontal Analysis, Vertical Analysis, Trend Analysis, Ratio Analysis and TOPSIS methods were applied to the data obtained between 2017 and 2021. As a result of the applied financial analysis methods, the 5-year situations of the enterprises were analyzed. As a result of the study, it was observed that businesses did not fail and their performance increased during the pandemic period. In 2021, the company with the highest financial performance was determined as SUMAS, and the company with the lowest financial performance was determined as ORMA. It has been determined that most of the enterprises operating in the BIST Forest Products and Furniture Sector did not experience financial difficulties in the period between 2017 and 2021.

 By applying various analysis methods to the data obtained from the financial statements of the enterprises, it is ensured that future decisions are made with the data obtained in the past periods. This study, aims to perform the financial analysis and performance of 5 enterprises operating in the BIST Forest Products and Furniture Sector. The balance sheet and income statement data of the companies in the sector covered in the study were used. Horizontal Analysis, Vertical Analysis, Trend Analysis, Ratio Analysis and TOPSIS methods were applied to the data obtained between 2017 and 2021. As a result of the applied financial analysis methods, the 5-year situations of the enterprises were analyzed. As a result of the study, it was observed that businesses did not fail and their performance increased during the pandemic period. In 2021, the company with the highest financial performance was determined as SUMAS, and the company with the lowest financial performance was determined as ORMA. It has been determined that most of the enterprises operating in the BIST Forest Products and Furniture Sector did not experience financial difficulties in the period between 2017 and 2021.

 By applying various analysis methods to the data obtained from the financial statements of the enterprises, it is ensured that future decisions are made with the data obtained in the past periods. This study, aims to perform the financial analysis and performance of 5 enterprises operating in the BIST Forest Products and Furniture Sector. The balance sheet and income statement data of the companies in the sector covered in the study were used. Horizontal Analysis, Vertical Analysis, Trend Analysis, Ratio Analysis and TOPSIS methods were applied to the data obtained between 2017 and 2021. As a result of the applied financial analysis methods, the 5-year situations of the enterprises were analyzed. As a result of the study, it was observed that businesses did not fail and their performance increased during the pandemic period. In 2021, the company with the highest financial performance was determined as SUMAS, and the company with the lowest financial performance was determined as ORMA. It has been determined that most of the enterprises operating in the BIST Forest Products and Furniture Sector did not experience financial difficulties in the period between 2017 and 2021.

 İşletmelerin finansal tablolarından elde edilen verilere çeşitli analiz yöntemleri uygulanarak, geçmiş dönemlerde elde edilen veriler ile geleceğe yönelik kararlar alınması sağlanmaktadır. Bu çalışmada, BIST Orman Ürünleri ve Mobilya Sektöründe faaliyet gösteren 5 işletmenin finansal analiz ve performansının gerçekleştirilmesi amaçlanmaktadır. Çalışma kapsamında ele alınan sektördeki firmaların bilanço ve gelir tablosu verileri kullanılmıştır. İşletmelerin, 2017-2021 yılları arasında elde edilen verilerine, Yatay Analiz, Dikey Analiz, Trend Analizi, Oran Analizi ve TOPSIS yöntemleri uygulanmıştır. Uygulanan finansal analiz yöntemleri sonucunda işletmelerin 5 yıllık durumları analiz edilmiştir. Çalışma sonucunda, Pandemi döneminde işletmelerin başarısız olmadığı ve performanslarının yükseldiği gözlemlenmiştir. 2021 yılında finansal performansı en yüksek işletme SUMAS, finansal performansı en düşük işletme ise ORMA olarak tespit edilmiştir. BIST Orman Ürünleri ve Mobilya Sektöründe faaliyet gösteren işletmelerin birçoğunun 2017-2021 yılları arasındaki dönemde finansal açından sıkıntı yaşamadığı belirlenmiştir.

Article Details

Evaluation of the Performance of Enterprises Operating in BIST Forest Products and Furniture Sector with TOPSIS and Financial Analysis Methods

Authors:

Yusuf Bahadır Kavas | Batuhan Medetoğlu

Publisher:

Bolu Abant Izzet Baysal University

Journal:

Abant Sosyal Bilimler Dergisi Vol.23 Issue 1, pp.80-97

Document Type:

Article

Publication Date:

3/2023

Document Language:

Turkish

Document ID (Org No.):

2001286764

pISSN:

2757-9425

BIST

TOPSIS

Forest Products and Furniture Sector

Financial Analysis

Financial Performance

BIST

Orman Ürünleri ve Mobilya Sektörü

TOPSIS

Finansal Analiz

Finansal Performans

Forest Products and Furniture Sector

Financial Analysis

Financial Performance

Issues

Article Details

Authors: Yusuf Bahadır Kavas | Batuhan Medetoğlu

Publisher: Bolu Abant Izzet Baysal University

Journal: Abant Sosyal Bilimler Dergisi Vol.23 Issue 1, pp.80-97

Document Type: Article

Publication Date: 3/2023

Document Language: Turkish

Document ID (Org No.): 2001286764

pISSN: 2757-9425

Issues

Authors:

Yusuf Bahadır Kavas | Batuhan Medetoğlu

Publisher:

Bolu Abant Izzet Baysal University

Journal:

Abant Sosyal Bilimler Dergisi Vol.23 Issue 1, pp.80-97

Document Type:

Article

Publication Date:

3/2023

Document Language:

Turkish

Document ID (Org No.):

2001286764

pISSN:

2757-9425