TOPSIS Yönteminde Maliyet ve Karlılık Oranlarının Kullanılmasıyla Finansal Performansın Ölçümü: Ana Metal Sanayi Sektöründen Bir Şirket Örneği S

Abstract

TOPSIS method which is one of the multi-criteria decision-making methods, is one of the most widely used methods in measuring the financial performance of enterprises. In the TOPSIS method, the most cost-effective, the highest-benefit option is the optimal option. For accurate selection of financial ratios to be used in the TOPSIS method, the features of the enterprise whose performance is to be measured should be considered and such a selection process has a positive effect on the success of the analysis. The use of the cost and profitability ratios, obtained from financial statements, in the financial performance analysis carried out with the TOPSIS method in production enterprises is quite appropriate to the essence of the method. The aim of this study is to test the success of cost and profitability ratios in the financial performance analysis which will be carried out with the TOPSIS method in production enterprises. Accordingly, the success of a company listed in the Istanbul Stock Exchange Basic Metal Industry Index was calculated by years and the accuracy of the obtained results and the economic reasons underneath were examined. According to the cost and profitability ratios between 2008 and 2017, 2008 was the most successful year and 2015 was the least successful year. Although the findings of the analysis are confirmed by the results of the fundamental analysis, national and international developments in the sector support the results of the analysis. As a result, the use of cost and profitability ratios with the TOPSIS method in the study revealed accurate results.