Akademik Veri Yönetim Sistemi
Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, sa.78, ss.491-510, 2023 (Hakemli Dergi)
In the scope of this study, the financial performance of companies in the cement sector listed on BIST (Borsa Istanbul) has been measured using two different methods. A comprehensive literature review was conducted to determine the financial ratios used in the analysis, and commonly used financial ratios in the literature were identified. The research included fifteen companies for which financial data spanning the period from 2013 to 2022 was available, and the CRITIC-based TOPSIS and ELECTRE methods, which are multi-criteria decision-making methods, were used for data analysis to measure their financial performance. As a result of the analysis, three separate performance groups were identified for the 15 companies: good, moderate, and poor. According to the findings of the analysis, in both methods, OYAK, NUHCM, and KONYA companies were the most successful in terms of financial performance, while BTCIM company was the least successful. It is recommended that the cement sector, which is expected to become even more important after the earthquake disaster in our country, should be continuously analyzed in the future with different data periods and different methods, and suggestions have been made for implementing corrective innovations in the sector.