THE EFFECTS OF COVID-19 PANDEMIC ON FINANCIAL PERFORMANCE ANALYSIS OF AUTOMOTIVE COMPANIES: A STUDY IN BIST

Abstract

The automotive sector, which makes great contribution to the world economy, was affected like other sectors during the pandemic process. Based on many studies published in various countries, the effect of the pandemic on the automotive industry has been investigated. The aim of this study is to determine whether the financial performances of automotive companies traded in BIST in Turkey are affected during and after the pandemic. According to the results obtained in the study, when the pre-pandemic and the pandemic period were compared, Anadolu Isuzu liquidity ratios, return on assets ratios and return on equity ratios results had decreased in financial performance. When 2021 and 2020 were compared, a greater increase in financial performance had been observed in this company compared to other companies. In Karsan, on the other hand, while an increase in financial performance was observed in the ratios obtained in the comparison of the pre-pandemic and the pandemic, there was a decrease in the comparison of the years 2020-2021. Another result of the study was that Covid-19 had significantly affected BIST automotive companies' profit before tax to equity, earnings before interest, taxes to equity and earnings before interest, taxes, depreciation and amortization to equity ratios.