Who Is The Financial Performance Leader of Sports Clubs? An Empirical Application With the Aras Method

Fatih Konak; Diler Türkoğlu

Article Details

Who Is The Financial Performance Leader of Sports Clubs? An Empirical Application With the Aras Method

Authors:

Fatih Konak | Diler Türkoğlu

Publisher:

Kirsehir Ahi Evran University

Main Topics:

İşletme

Journal:

Ahi Evran Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Vol.10 Issue 3, pp.893-904

Document Type:

Article

Publication Date:

11/2024

Document Language:

English

Document ID (Org No.):

2001332397

pISSN:

2149-0767

Keywords:

Abstract:

 The competitive environment and income created by the sports sector are on the rise due to its rapid development and its global performance concerning other industries. Thus, researchers and market participants must assess how well sports clubs are performing in the sector. For the aforementioned reason, the goal of the research is to evaluate the sports clubs that are part of the BIST Sports Index according to their financial performance and ascertain if these rankings vary by club year. To accomplish that, the 13 criteria ROA, gross profit margin, operating profit margin, net profit margin, current ratio, cash conversion period, PDDD, EBITDA  total financial expenses, fixed asset turnover days, working capitalsales growth rate, ROIC, receivables turnover days, doubtful trade receivables ratio were weighted with the CRITIC method when analyzing the financial performance achievements of these sports clubs between 2018 and 2022. The research yielded varying results depending on the year. However, Beşiktaş Sports Club demonstrated the best financial performance in 2018 and 2020, followed by Fenerbahçe Sports Club in 2021 and Galatasaray Sports Club in 2019.

 The competitive environment and income created by the sports sector are on the rise due to its rapid development and its global performance concerning other industries. Thus, researchers and market participants must assess how well sports clubs are performing in the sector. For the aforementioned reason, the goal of the research is to evaluate the sports clubs that are part of the BIST Sports Index according to their financial performance and ascertain if these rankings vary by club year. To accomplish that, the 13 criteria ROA, gross profit margin, operating profit margin, net profit margin, current ratio, cash conversion period, PDDD, EBITDA  total financial expenses, fixed asset turnover days, working capitalsales growth rate, ROIC, receivables turnover days, doubtful trade receivables ratio were weighted with the CRITIC method when analyzing the financial performance achievements of these sports clubs between 2018 and 2022. The research yielded varying results depending on the year. However, Beşiktaş Sports Club demonstrated the best financial performance in 2018 and 2020, followed by Fenerbahçe Sports Club in 2021 and Galatasaray Sports Club in 2019.

 The competitive environment and income created by the sports sector are on the rise due to its rapid development and its global performance concerning other industries. Thus, researchers and market participants must assess how well sports clubs are performing in the sector. For the aforementioned reason, the goal of the research is to evaluate the sports clubs that are part of the BIST Sports Index according to their financial performance and ascertain if these rankings vary by club year. To accomplish that, the 13 criteria ROA, gross profit margin, operating profit margin, net profit margin, current ratio, cash conversion period, PDDD, EBITDA  total financial expenses, fixed asset turnover days, working capitalsales growth rate, ROIC, receivables turnover days, doubtful trade receivables ratio were weighted with the CRITIC method when analyzing the financial performance achievements of these sports clubs between 2018 and 2022. The research yielded varying results depending on the year. However, Beşiktaş Sports Club demonstrated the best financial performance in 2018 and 2020, followed by Fenerbahçe Sports Club in 2021 and Galatasaray Sports Club in 2019.

 Spor endüstrisinin hızlı bir şekilde gelişmesi ve diğer endüstri kollarıyla bağlantılı olarak sergilediği uluslararası performans elde edilen gelirlerin yanı sıra rekabet ortamının da artmasına neden olmaktadır. Dolayısıyla endüstride yer alan spor kulüplerinin performanslarının değerlendirilmesi piyasa katılımcıları ve araştırmacılar açısından önem arz etmektedir. Bu motivasyonla çalışmanın amacı BİST Spor Endeksinde faaliyet gösteren spor kulüplerinin finansal performanslarının sıralanması ve kulüplerin göstermiş olduğu finansal performansın yıllara göre farklılaşıp farklılaşmadığının tespit edilmesidir. Bu amaçla söz konusu spor kulüplerinin 2018-2022 yılları arasındaki finansal performans başarıları 13 kriter ROA, brüt kâr marjı, faaliyet kâr marjı, net kâr marjı, cari oran, nakit dönüşüm süresi, PDDD, FAVÖKtoplam finansman giderleri, sabit varlık devir gün sayısı, çalışma sermayesisatışlardaki büyüme oranı, ROIC, alacakların devir günü sayısı, şüpheli ticari alacak oranı çerçevesinde CRITIC yöntemiyle ağırlıklandırılarak, ARAS yöntemiyle analiz edilmiştir. Çalışma neticesinde elde edilen bulgular yıllara göre değişkenlik göstermekle birlikte Beşiktaş spor kulübünün 2018 ve 2020 yıllarında, Fenerbahçe spor kulübünün 2021 yılında Galatasaray spor kulübünün ise 2019 yılında en başarılı finansal performansı gösterdiği tespit edilmiştir.

Article Details

Who Is The Financial Performance Leader of Sports Clubs? An Empirical Application With the Aras Method

Authors:

Fatih Konak | Diler Türkoğlu

Publisher:

Kirsehir Ahi Evran University

Main Topics:

İşletme

Journal:

Ahi Evran Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Vol.10 Issue 3, pp.893-904

Document Type:

Article

Publication Date:

11/2024

Document Language:

English

Document ID (Org No.):

2001332397

pISSN:

2149-0767

BIST Sports Index

ARAS

CIRITICBIST Spor Endeksi

ARAS

CIRITIC

Issues

Article Details

Who Is The Financial Performance Leader of Sports Clubs? An Empirical Application With the Aras Method

Authors: Fatih Konak | Diler Türkoğlu

Publisher: Kirsehir Ahi Evran University

Main Topics: İşletme

Journal: Ahi Evran Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Vol.10 Issue 3, pp.893-904

Document Type: Article

Publication Date: 11/2024

Document Language: English

Document ID (Org No.): 2001332397

pISSN: 2149-0767

BIST Sports Index

ARAS

CIRITICBIST Spor Endeksi

ARAS

CIRITIC

Issues

Authors:

Fatih Konak | Diler Türkoğlu

Publisher:

Kirsehir Ahi Evran University

Main Topics:

İşletme

Journal:

Ahi Evran Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Vol.10 Issue 3, pp.893-904

Document Type:

Article

Publication Date:

11/2024

Document Language:

English

Document ID (Org No.):

2001332397

pISSN:

2149-0767