Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method

Ayşe Soy Temür; Saadet Tulum

doi:10.16951/trendbusecon.1532523

EN TR

Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method

Abstract

The purpose of this research is to evaluate the financial performance of companies in the Istanbul Stock Market (BIST) retail trade sector comparatively based on traditional financial rates and cash flow rates. In the study, the financial ratio based on 12 traditional financial ratios and 14 cash flow statements obtained by benefiting from the annual financial statements of the enterprises published in public information platform (PIP) as a criterion in the calculation of financial performance rankings was taken into consideration. Critic method was used in calculating the criteria weights, while CoCoSo and TOPSIS method was used in determining the financial performance rankings. The ranking results obtained were compared and Spearman’s test was applied in order to determine whether there was consistency between the findings. In comparisons based on traditional and cash flow ratios, the highest level of similarity was obtained in 2017 and 2018 for the CoCoSo method and in 2017 and 2019 for the TOPSIS method. The lowest similarity was in 2021 and 2022 for CoCoSo and in 2018, 2021 and 2022 for TOPSIS. In the financial performance ranking results obtained from the methods, similar ranking results were achieved in all years except 2018 and 2019 for traditional ratios and 2019 and 2020 for cash flow ratios.

Keywords

Istanbul Stock Market Retail Trade, Critic Weight CoCoSo, Financial Performance, Cash Flow Ratios

BIST Perakende Ticaret Sektöründeki İşletmelerin Finansal Performanslarının Geleneksel ve Nakit Akış Rasyolarına Göre CoCoSo Yöntemi ile Değerlendirilmesi

Abstract

Araştırmanın amacı, BIST perakende ticaret sektöründeki şirketlerin finansal performanslarının geleneksel finansal oranlar ve nakit akış oranlarına göre karşılaştırmalı olarak değerlendirilmesidir. Çalışmada, finansal performans sıralamalarının hesaplanmasında kriter olarak işletmelerin KAP’ta yayımladıkları 2017-2022 dönemine ilişkin yıllık mali tablolarından faydalanılarak 12 geleneksel finansal oran ile 14 nakit akım tablolarından elde edilen finansal oran dikkate alınmıştır. Kriter ağırlıkları hesaplanırken Critic, finansal performans sıralamalarının belirlenmesinde ise, CoCoSo ve TOPSIS yönteminden faydalanılmıştır. Elde edilen sıralama sonuçları karşılaştırılmış ve bulgular arasında tutarlılık olup olmadığının belirlenmesi amacıyla Spearman’s testi uygulanmıştır. Geleneksel ve nakit akış oranlarına dayalı karşılaştırmalarda en yüksek benzerlik düzeyi CoCoSo yönteminde 2017 ve 2018, TOPSIS yönteminde 2017 ve 2019 yıllarında elde edilmiştir. En düşük benzerlik ise CoCoSo'ya göre 2021 ve 2022, TOPSIS'e göre ise 2018, 2021 ve 2022 yıllarındadır. Yöntemlerden elde edilen finansal performans sıralama sonuçlarında ise, geleneksel oranlara göre 2018 ve 2019, nakit akış oranlarına göre 2019 ve 2020 haricindeki tüm yıllarda birbirine benzer sıralama sonuçlarına ulaşılmıştır.

Keywords

Borsa Istanbul Perakende Ticaret, Critic Ağırlıklandırmalı CoCoSo, Finansal Performans, Nakit Akış Oranları

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Details

Primary Language

English

Subjects

Financial Economy

Journal Section

Research Article

Authors

Ayşe Soy Temür ^*
0000-0003-4455-5035
Türkiye

Saadet Tulum
0000-0002-4693-2538
Türkiye

Early Pub Date

July 13, 2025

Publication Date

July 15, 2025

Submission Date

August 13, 2024

Acceptance Date

June 12, 2025

Published in Issue

Year 2025 Volume: 39 Number: 3

DOI

https://doi.org/10.16951/trendbusecon.1532523

IZ

https://izlik.org/JA96MD52BP

APA

Soy Temür, A., & Tulum, S. (2025). Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method. Trends in Business and Economics, 39(3), 359-377. https://doi.org/10.16951/trendbusecon.1532523

AMA

1.Soy Temür A, Tulum S. Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method. Trend Bus Econ. 2025;39(3):359-377. doi:10.16951/trendbusecon.1532523

Chicago

Soy Temür, Ayşe, and Saadet Tulum. 2025. “Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios With Cocoso Method”. Trends in Business and Economics 39 (3): 359-77. https://doi.org/10.16951/trendbusecon.1532523.

EndNote

Soy Temür A, Tulum S (July 1, 2025) Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method. Trends in Business and Economics 39 3 359–377.

IEEE

[1]A. Soy Temür and S. Tulum, “Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method”, Trend Bus Econ, vol. 39, no. 3, pp. 359–377, July 2025, doi: 10.16951/trendbusecon.1532523.

ISNAD

Soy Temür, Ayşe - Tulum, Saadet. “Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios With Cocoso Method”. Trends in Business and Economics 39/3 (July 1, 2025): 359-377. https://doi.org/10.16951/trendbusecon.1532523.

JAMA

1.Soy Temür A, Tulum S. Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method. Trend Bus Econ. 2025;39:359–377.

MLA

Soy Temür, Ayşe, and Saadet Tulum. “Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios With Cocoso Method”. Trends in Business and Economics, vol. 39, no. 3, July 2025, pp. 359-77, doi:10.16951/trendbusecon.1532523.

Vancouver

1.Ayşe Soy Temür, Saadet Tulum. Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method. Trend Bus Econ. 2025 Jul. 1;39(3):359-77. doi:10.16951/trendbusecon.1532523

Content of this journal is licensed under a Creative Commons Attribution 4.0 International License

29928

Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method

Abstract

Keywords

BIST Perakende Ticaret Sektöründeki İşletmelerin Finansal Performanslarının Geleneksel ve Nakit Akış Rasyolarına Göre CoCoSo Yöntemi ile Değerlendirilmesi

Abstract

Keywords

References

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Subjects

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Authors

Early Pub Date

Publication Date

Submission Date

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Published in Issue

DOI

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