Measuring the Financial Performance of Transportation and Warehousing Companies Traded on the BIST
Year: 2025
Type: article
Abstract: Since the transportation sector is the first and important part of investment decisions and the production process and has an important place in the economic structures of countries in terms of its economic impact, the financial performance of BIST Transportation and Warehousing Index companies for the 2019-2023 periods was analyzed in the study. Net Profit Margin, Operating Profit Margin, Return on Assets, Return on Equity and Economic Efficiency are used as criteria for analyzing the financial performance of the companies. After weighting the criteria with ENTROPI method, financial performance was evaluated with ELECTRE and Grey relational analysis method. As a result of the comparison of the analyzes made with the MCDM methods, the best performance according to both methods is TLMAN in 2019, 2020, 2021 and 2022, THYAO in 2023, and the worst performance is GSDDE and RYSAS in 2019 according to the ELECTRE method, RYSAS according to the GRA method, PGSUS and CLEBI according to the ELECTRE method, CLEBI according to the GRA method in 2020, PGSUS according to both methods in 2021, BEYAZ according to both methods in 2022, and GSDDE according to both methods in 2023.
Authors: Cem Kartal, Zafer Özdil
Institution: Sakarya Uygulamalı Bilimler Üniversitesi
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409057687