Financial Performance Analysis of Container Terminal Operators in Busan, South Korea

Abstract

Purpose - The purpose of this paper is to examine the financial status and business performance of container terminal operators in Busan Port, Korea. This study is trying to analyze financial status and business performance of 8 Container Terminal Operators at North and New port in Busan. Methodology - This paper uses Financial Ratio Analysis of Business Analysis. Using audit reports of container terminal operators on Dart and financial statement analysis reports of the Bank of Korea from 2012 to 2017. Financial ratio analysis specially uses growth, activity, profitability and stability ratios. Findings - The result showed that financial ratio of Busan Container Terminal Operators is generally higher than the average ratio in industry. This study also identified weak points of integration effect between Container Terminal Operators. Research implications - This research is meaningful in that it focuses on the comparative financial status and business performance of Container Terminal Operators by examining financial data.