Determination of Financial Performance in Electric Power Enterprises with Entropy Weighted WASPAS Analysis Method

Year 2024, Volume: 39 Issue: 3, 849 - 860, 03.10.2024

Ayşe Kökyıldırım , Z. Figen Antmen

https://doi.org/10.21605/cukurovaumfd.1560478

Abstract

In this study, Entropy weighted WASPAS method is applied to measure the financial performance of 11 electric power enterprises operating in Borsa Istanbul (BIST) for the period of 2022. 7 financial ratios for the year 2022 were accepted as criteria and the financial success ranking of 11 electric power enterprises was made. The financial ratios used in the study were selected among the ratios that can provide information about the liquidity and profitability status of the enterprises. In the first stage of the application, Entropy method was used to determine the criteria weights. The determined criteria weights were prioritized and used in the WASPAS (Weighted Aggregated Sum Product Assessment) method. Then, the financial performance of electric energy enterprises was ranked by making an evaluation with the WASPAS method.

Keywords

Financial performance evaluation, Financial ratios, Entropy method, WASPAS method

Entropi Ağırlıklı WASPAS Analiz Yöntemi İle Elektrik Enerji İşletmelerinde Finansal Performansın Belirlenmesi

Abstract

Bu çalışmada Borsa İstanbul’da (BIST) faaliyet gösteren 11 elektrik enerji işletmesinin 2022 dönemine ait finansal performanslarını ölçmek için Entropi ağırlıklı WASPAS yöntemi uygulanmıştır. 2022 yılına ait 7 finansal oran kriter kabul edilerek 11 elektrik enerji işletmesinin finansal başarı sıralaması yapılmıştır. Çalışmada kullanılan finansal oranlar işletmelerin likidite durumu ve karlılık durumu hakkında bilgi verebilecek nitelikteki oranlar arasından seçilmiştir. Uygulamanın ilk aşamasında kriter ağırlıklarının belirlenmesi için Entropi yöntemi kullanılmıştır. Belirlenen kriter ağırlıkları önceliklendirilerek WASPAS yöntemi içerisinde kullanılmıştır. Daha sonra WASPAS yöntemiyle bir değerlendirme yapılarak elektrik enerji işletmelerinin finansal performansı sıralanmıştır.

Keywords

Finansal performans değerlendirmesi, Finansal oranlar, Entropi yöntemi, WASPAS yöntem

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