Profitability Based Financial Performance Analysis in BIST Basic Metal Industry Sector: LOPCOW-RSMVC Hybrid Multi-Criteria Decision Making Model

Abstract

In this study, it is aimed to measure the financial performance of the companies traded in the BIST basic metal industry sector for the period 2020-2023 by using MCDM methods. In the study, five profitability criteria obtained from the balance sheets and income statements of the companies were included, and the importance levels of the criteria were determined by the LOPCOW method and the performance scores of the alternatives were determined by the RSMVC method. According to the LOPCOW method, the criterion with the highest degree of importance was found to be return on equity for 2020 and 2021, EBITDA margin for 2022 and net profit margin for 2023. The criterion with the lowest degree of importance is EBITDA margin for 2020, net profit margin for 2021 and 2022 and gross profit margin for 2023. According to the RSMVC technique, when the four periods are evaluated in general, CEMTS, PNLSN, KCAER companies ranked in the first three places in terms of average rank values, while CELHA, BMSCH, MEGMT companies ranked in the last three places.

Keywords

• BIST Basic Metal Industry
• LOPCOW
• RSMVC
• Multi-Criteria Decision Making

BİST Ana Metal Sanayi Sektöründe Kârlılığa Dayalı Finansal Performans Analizi: LOPCOW-RSMVC Hibrit Çok Kriterli Karar Verme Modeli

Abstract

Bu araştırmada, BİST ana metal sanayi sektöründe işlem gören şirketlerin 2020-2023 dönemi finansal performansının ÇKKV yöntemleri ile ölçülmesi amaçlanmıştır. Şirketlerin bilanço ve gelir tablolarından elde edilen beş kârlılık kriterinin yer verildiği araştırmada, kriterlerin önem dereceleri LOPCOW yöntemi ile alternatiflerin performans skorları ise RSMVC yöntemi ile belirlenmiştir. LOPCOW yöntemine göre önem derecesi en yüksek kriter 2020 ve 2021 yılları için özsermaye kârlılığı, 2022 yılı için FAVÖK marjı ve 2023 yılı için net kâr marjı olduğu görülmüştür. En düşük önem derecesine sahip kriter 2020 yılı için FAVÖK marjı, 2021 ve 2022 yılları için net kâr marjı ve 2023 yılı için ise brüt kâr marjı olarak tespit edilmiştir. RSMVC tekniğine göre dört dönem genel olarak değerlendirildiğinde ortalama sıra değerleri bakımından CEMTS, PNLSN, KCAER şirketleri ilk üç sırada yer alırken, CELHA, BMSCH, MEGMT şirketleri son üç sırada yer almıştır.

Keywords

• BİST Ana Metal Sanayi
• LOPCOW
• RSMVC
• Çok Kriterli Karar Verme.

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