Evaluation of Financial Performance of BIST Transportation and Storage Companies Using DuPont Analysis Method

Filiz Özşahin Koç

Article Details

Evaluation of Financial Performance of BIST Transportation and Storage Companies Using DuPont Analysis Method

Authors:

Filiz Özşahin Koç

Publisher:

Hitit University

Main Topics:

Finansal Muhasebe

Journal:

Hitit Sosyal Bilimler Dergisi Vol.17 Issue 2, pp.225-242

Document Type:

Article

Publication Date:

8/2024

Document Language:

Turkish

Document ID (Org No.):

2001317990

pISSN:

2757-7449

Keywords:

Abstract:

 Internal and external company information users owners, managers, partners, credit institutions and organizations, investors, employees, etc. use many tools to make the right decisions about the company. One of the tools in question is the DuPont Analysis technique, which is included in ratio analysis among financial analysis techniques. DuPont Analysis is an important analysis technique in evaluating the financial performance of companies. Because DuPont analysis offers companies the reasons why return on equity is low or high. As a result of literature research, there are many studies examining the financial performances of companies and sectors with DuPont analysis. It has been determined that the studies in question were carried out on the transportation, health, cement, food, beverage and tobacco, technology, manufacturing, finance, stationery, agriculture, tourism and real estate investment partnership sectors. However, during the literature review, the fact that no study was found that comprehensively examined BIST annual data regarding the transportation and storage sector and that it fills the gap in this field reveals the importance of the study. In this context, the purpose of this study is to examine the financial performances of companies operating in the BIST transportation and storage sector with DuPont Analysis and to contribute to the companies on the measures and improvement policies that should be taken for the future by evaluating the results obtained for the sector. It also helps both internal and external information users make accurate decisions about companies. For this purpose, data of 9 companies operating in the Borsa Istanbul BIST Transportation and Storage Sector between 2018 and 2022 were examined. Company-specific data was obtained from the Public Disclosure Platform and the reports on the companies websites. The data obtained in the study were evaluated using the DuPont Analysis method. In this context, it has been determined that 2022 is the best year in terms of financial performance for the transportation and storage sector. Return on equity is one of the measures of how much profit the companys partners make in return for the capital they put in, that is, how many units of profit are created for each unit of capital. Therefore, it shows that the company earns more profit with less capital. However, with the measures and restrictions taken as a result of the Covid-19 epidemic, which occurred in 2020 and was declared a pandemic all over the world, it was found that the equity profitability of companies, especially those engaged in air transportation, was negative, in other words, they made a loss that year.

 Internal and external company information users owners, managers, partners, credit institutions and organizations, investors, employees, etc. use many tools to make the right decisions about the company. One of the tools in question is the DuPont Analysis technique, which is included in ratio analysis among financial analysis techniques. DuPont Analysis is an important analysis technique in evaluating the financial performance of companies. Because DuPont analysis offers companies the reasons why return on equity is low or high. As a result of literature research, there are many studies examining the financial performances of companies and sectors with DuPont analysis. It has been determined that the studies in question were carried out on the transportation, health, cement, food, beverage and tobacco, technology, manufacturing, finance, stationery, agriculture, tourism and real estate investment partnership sectors. However, during the literature review, the fact that no study was found that comprehensively examined BIST annual data regarding the transportation and storage sector and that it fills the gap in this field reveals the importance of the study. In this context, the purpose of this study is to examine the financial performances of companies operating in the BIST transportation and storage sector with DuPont Analysis and to contribute to the companies on the measures and improvement policies that should be taken for the future by evaluating the results obtained for the sector. It also helps both internal and external information users make accurate decisions about companies. For this purpose, data of 9 companies operating in the Borsa Istanbul BIST Transportation and Storage Sector between 2018 and 2022 were examined. Company-specific data was obtained from the Public Disclosure Platform and the reports on the companies websites. The data obtained in the study were evaluated using the DuPont Analysis method. In this context, it has been determined that 2022 is the best year in terms of financial performance for the transportation and storage sector. Return on equity is one of the measures of how much profit the companys partners make in return for the capital they put in, that is, how many units of profit are created for each unit of capital. Therefore, it shows that the company earns more profit with less capital. However, with the measures and restrictions taken as a result of the Covid-19 epidemic, which occurred in 2020 and was declared a pandemic all over the world, it was found that the equity profitability of companies, especially those engaged in air transportation, was negative, in other words, they made a loss that year.

 Internal and external company information users owners, managers, partners, credit institutions and organizations, investors, employees, etc. use many tools to make the right decisions about the company. One of the tools in question is the DuPont Analysis technique, which is included in ratio analysis among financial analysis techniques. DuPont Analysis is an important analysis technique in evaluating the financial performance of companies. Because DuPont analysis offers companies the reasons why return on equity is low or high. As a result of literature research, there are many studies examining the financial performances of companies and sectors with DuPont analysis. It has been determined that the studies in question were carried out on the transportation, health, cement, food, beverage and tobacco, technology, manufacturing, finance, stationery, agriculture, tourism and real estate investment partnership sectors. However, during the literature review, the fact that no study was found that comprehensively examined BIST annual data regarding the transportation and storage sector and that it fills the gap in this field reveals the importance of the study. In this context, the purpose of this study is to examine the financial performances of companies operating in the BIST transportation and storage sector with DuPont Analysis and to contribute to the companies on the measures and improvement policies that should be taken for the future by evaluating the results obtained for the sector. It also helps both internal and external information users make accurate decisions about companies. For this purpose, data of 9 companies operating in the Borsa Istanbul BIST Transportation and Storage Sector between 2018 and 2022 were examined. Company-specific data was obtained from the Public Disclosure Platform and the reports on the companies websites. The data obtained in the study were evaluated using the DuPont Analysis method. In this context, it has been determined that 2022 is the best year in terms of financial performance for the transportation and storage sector. Return on equity is one of the measures of how much profit the companys partners make in return for the capital they put in, that is, how many units of profit are created for each unit of capital. Therefore, it shows that the company earns more profit with less capital. However, with the measures and restrictions taken as a result of the Covid-19 epidemic, which occurred in 2020 and was declared a pandemic all over the world, it was found that the equity profitability of companies, especially those engaged in air transportation, was negative, in other words, they made a loss that year.

 Firma iç ve dış bilgi kullanıcıları sahipler, yöneticiler, ortaklar, kredi kurum ve kuruluşları, yatırımcılar, çalışanlar vb. firmayla ilgili doğru kararlar alabilmek için pek çok araçtan yararlanırlar. Bahse konu araçlardan biri de finansal analiz tekniklerinden oran analizi içerisinde yer alan DuPont Analizi tekniğidir. DuPont Analizi firmaların finansal performanslarının değerlendirilmesinde önemli bir analiz tekniğidir. Zira DuPont analizi firmalara öz kaynak karlılığının düşük veya yüksek olmasının sebeplerini sunmaktadır. Literatür araştırması neticesinde firmaların ve sektörlerin finansal performanslarını DuPont analizi ile inceleyen pek çok çalışma bulunmaktadır. Söz konusu çalışmaların ulaştırma, sağlık, çimento, yiyecek içecek ve tütün, teknoloji, imalat, finans, kırtasiye, tarım, turizm ve gayrimenkul yatırım ortaklığı sektörleri üzerine yapıldığı belirlenmiştir. Ancak literatür incelemesi sırasında, ulaştırma ve depolama sektörü ile ilgili BIST yıllık verilerini geniş kapsamlı inceleyen bir çalışmaya rastlanılmamış olması ve bu alandaki boşluğu tamamlaması çalışmanın önemini ortaya koymaktadır. Bu bağlamda çalışmanın amacı, BIST ulaştırma ve depolama sektöründe faaliyette bulunan firmaların finansal performanslarını DuPont Analizi ile incelemek ve sektöre özgü olarak elde edilen sonuçları değerlendirerek firmalara geleceğe yönelik alınması gereken tedbirler ve iyileştirme politikaları hakkında katkı sağlamaktır. Ayrıca hem iç hem de dış bilgi kullanıcılarının firmalar ile ilgili isabetli kararlar almasına yardımcı olmaktır. Bu amaç doğrultusunda, Borsa İstanbul BIST Ulaştırma ve Depolama Sektöründe faaliyette bulunan 9 firmanın 2018-2022 yılları arası verisi incelenmiştir. Firmalara özgü veriler Kamuyu Aydınlatma Platformu ve firmaların internet sitelerinde yer alan raporlardan elde edilmiştir. Çalışmada elde edilen veriler DuPont Analizi yöntemi kullanılarak değerlendirilmiştir. Bu bağlamda ulaştırma ve depolama sektörü için finansal performans bakımından en iyi olan yılın 2022 yılı olduğu belirlenmiştir. Öz kaynak karlılığı firma ortaklarının koydukları sermaye karşılığında ne kadar kâr elde ettiklerini, yani her bir birim sermaye karşılığında kaç birim kâr yaratıldığına yönelik ölçütlerden biridir. Dolayısıyla firmanın daha az sermaye ile daha fazla kar elde ettiğini göstermektedir. Bununla birlikte 2020 yılında yaşanan ve tüm dünyada pandemi olarak ilan edilen Covid-19 salgını neticesinde alınan tedbirler ve kısıtlamalarla birlikte özellikle hava yolu taşımacılığı yapan firmalarda öz kaynak karlılıklarının negatif yönlü olduğu bir başka ifadeyle o yıl zarar ettikleri bulgusu elde edilmiştir.

Article Details

Evaluation of Financial Performance of BIST Transportation and Storage Companies Using DuPont Analysis Method

Authors:

Filiz Özşahin Koç

Publisher:

Hitit University

Main Topics:

Finansal Muhasebe

Journal:

Hitit Sosyal Bilimler Dergisi Vol.17 Issue 2, pp.225-242

Document Type:

Article

Publication Date:

8/2024

Document Language:

Turkish

Document ID (Org No.):

2001317990

pISSN:

2757-7449

Financial Performance

Information Users

DuPont Analysis

BIST Transportatıon and Storage Companıes

Covid-19 EpidemicFinansal Performans

Bilgi Kullanıcıları

DuPont Analizi

BİST Ulaştırma ve Depolama Firmaları

Covid-19 Salgını

Issues

Article Details

Authors: Filiz Özşahin Koç

Publisher: Hitit University

Main Topics: Finansal Muhasebe

Journal: Hitit Sosyal Bilimler Dergisi Vol.17 Issue 2, pp.225-242

Document Type: Article

Publication Date: 8/2024

Document Language: Turkish

Document ID (Org No.): 2001317990

pISSN: 2757-7449

Issues

Authors:

Filiz Özşahin Koç

Publisher:

Hitit University

Main Topics:

Finansal Muhasebe

Journal:

Hitit Sosyal Bilimler Dergisi Vol.17 Issue 2, pp.225-242

Document Type:

Article

Publication Date:

8/2024

Document Language:

Turkish

Document ID (Org No.):

2001317990

pISSN:

2757-7449