Implementation of Financial Statement Analysis:  The Case of 5 Star Hotel in TRNC

Onur DİKBAŞ; Dilber ÇAĞLAR

Article Details

Implementation of Financial Statement Analysis: The Case of 5 Star Hotel in TRNC

Authors:

Onur DİKBAŞ | Dilber ÇAĞLAR

Publisher:

Denta Florya ADSM Limited Company

Main Topics:

Sociology and anthropology

Journal:

Social Sciences Research Journal 2019 Vol.8 Issue 3, pp.1-20

Document Type:

Article

Publication Date:

8/2019

Document Language:

English

Document ID (Org No.):

2000605456

Frequency:

Quarterly

eISSN:

2147-5237

Abstract:

 





The aim of
this study is to analyse the financial statements of a 5-star hotel and casino
management company, which is a leader in tourism sector that is the leading
sector of TRNC economy and to evaluate whether or not the company is run
appropriately. In the study, firstly, we loosely analysed the concept of
financial analysis subject. After that, we applied Vertical Analysis on
financial statement of year 2018, Horizontal Analysis to financial statements
of years 2017 and 2018, Trend Analysis to financial statements of years between
2014 and 2018 and Ratio Analysis to financial statements of years 2017-2018 of
the hotel and casino management business. As a result of the financial analysis
conducted in the study, we have found the following results: 




·        
It has been found that the liquidity of the company can
satisfy and pay short term debts and liabilities of the company and it is at
the level that the company can easily acquire credits if necessary.




·        
As the company has stated operating and balance margin,
set net and gross margins at a high level for five years consecutively, this
indicates that the company is sustaining operation with profitability supply,
it uses assets efficiently and beneficially, the company is run well
financially. We can understand why this company is a leader in its sector.




·        
As the company did not distribute the profits of past
years in its equities to partners and left them in the company (auto financing)
and used these profits for increasing capital, this increase can be seen after
years.




Key Words:
TRNC Economy, Hotel and Casino Management Businesses, Financial Analysis and
Techniques




.

 


The aim of
this study is to analyse the financial statements of a 5-star hotel and casino
management company, which is a leader in tourism sector that is the leading
sector of TRNC economy and to evaluate whether or not the company is run
appropriately. In the study, firstly, we loosely analysed the concept of
financial analysis subject. After that, we applied Vertical Analysis on
financial statement of year 2018, Horizontal Analysis to financial statements
of years 2017 and 2018, Trend Analysis to financial statements of years between
2014 and 2018 and Ratio Analysis to financial statements of years 2017-2018 of
the hotel and casino management business. As a result of the financial analysis
conducted in the study, we have found the following results: 




·        
It has been found that the liquidity of the company can
satisfy and pay short term debts and liabilities of the company and it is at
the level that the company can easily acquire credits if necessary.




·        
As the company has stated operating and balance margin,
set net and gross margins at a high level for five years consecutively, this
indicates that the company is sustaining operation with profitability supply,
it uses assets efficiently and beneficially, the company is run well
financially. We can understand why this company is a leader in its sector.




·        
As the company did not distribute the profits of past
years in its equities to partners and left them in the company (auto financing)
and used these profits for increasing capital, this increase can be seen after
years.




Key Words:
TRNC Economy, Hotel and Casino Management Businesses, Financial Analysis and
Techniques





.

Article Details

Implementation of Financial Statement Analysis: The Case of 5 Star Hotel in TRNC

Authors: Onur DİKBAŞ | Dilber ÇAĞLAR

Publisher: Denta Florya ADSM Limited Company

Main Topics: Sociology and anthropology

Journal: Social Sciences Research Journal 2019 Vol.8 Issue 3, pp.1-20

Document Type: Article

Publication Date: 8/2019

Document Language: English

Document ID (Org No.): 2000605456

Frequency: Quarterly

eISSN: 2147-5237

Issues

Authors:

Onur DİKBAŞ | Dilber ÇAĞLAR

Publisher:

Denta Florya ADSM Limited Company

Main Topics:

Sociology and anthropology

Journal:

Social Sciences Research Journal 2019 Vol.8 Issue 3, pp.1-20

Document Type:

Article

Publication Date:

8/2019

Document Language:

English

Document ID (Org No.):

2000605456

Frequency:

Quarterly

eISSN:

2147-5237