POST-PANDEMIC FINANCIAL EVALUATION OF BORSA ISTANBUL HEALTHCARE COMPANIES THROUGH CLUSTER ANALYSIS

Abstract

The Covid-19 pandemic has led to significant changes in the healthcare sector and deeply affected economic balances. This study aims to analyze the financial performance of healthcare companies in Turkey after the pandemic and identify companies with similar financial characteristics. The study examines the financial indicators, such as liquidity, profitability, debt, and asset management, of 12 healthcare companies over the period from the last quarter of 2019 to the second quarter of 2024. The companies are classified based on financial differences using the K-means clustering algorithm. The analysis revealed that during the pandemic, healthcare companies exhibited a heterogeneous financial structure and sector-specific variations. In the post-pandemic period, however, a trend toward homogenization of financial performance and increased stability across companies was observed. The study provides an in-depth understanding of the financial resilience and performance differences within the sector after the pandemic. Finally, it provides insights that will help develop more resilient financial strategies in times of crisis. In this context, the study aims to create a strategic roadmap to support the growth of the healthcare industry in Turkey.

Keywords

• Covid-19
• healthcare sector
• financial performance
• cluster analysis
• Borsa Istanbul.

PANDEMİ SONRASI BORSA İSTANBUL SAĞLIK ŞİRKETLERİNİN KÜMELEME ANALİZİ İLE FİNANSAL DEĞERLENDİRİLMESİ

Abstract

Covid-19 pandemisi, sağlık sektöründe büyük değişimlere yol açmış ve ekonomik dengeleri derinden etkilemiştir. Bu çalışma ile pandemi sonrası Türkiye sağlık sektöründeki şirketlerin finansal performanslarının analiz edilmesi ve benzer özelliklere sahip şirketlerin belirlemesi amaçlanmıştır. Çalışmada, 2019 yılının son çeyreğinden 2024 yılının ikinci çeyreğine kadar olan dönemi kapsayan, 12 sağlık şirketinin likidite, kârlılık, borçlanma ve varlık yönetimi gibi finansal göstergeleri incelenmiş ve K-ortalamalar algoritması ile şirketler arasında finansal farklılıklar sınıflandırılmıştır. Yapılan analizler sonucunda; pandemi döneminde sağlık sektörü şirketlerinin finansal göstergelerinde heterojen bir yapı sergilediği ve alt sektörler bazında farklılaşma gösterdiği ortaya çıkmıştır. Pandemi sonrası dönemde ise sektör genelinde finansal performansın homojenleştiği ve şirketler arasında istikrarın arttığı gözlemlenmiştir. Çalışma, pandemi sonrası sektördeki finansal dayanıklılık ve performans farklılıklarını detaylı bir şekilde analiz ederek sektöre dair derinlemesine bir anlayış sunmaktadır. Son olarak, kriz dönemlerine karşı daha dirençli finansal stratejiler geliştirilmesine yardımcı olacak öngörüler sunmaktadır. Bu bağlamda, çalışma sağlık sektörünün büyümesini desteklemek amacıyla stratejik bir yol haritası oluşturmaktadır.

Keywords

• Covid-19
• sağlık sektörü
• finansal performans
• kümeleme analizi
• Borsa İstanbul.

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