BİST Ulaştırma ve Depolama Firmalarının Finansal Performansının DuPont Analizi Yöntemiyle Değerlendirilmesi
Evaluation of Financial Performance of BIST Transportation and Storage Companies Using DuPont Analysis Method

Summary/Abstract: Internal and external company information users (owners, managers, partners, credit institutions and organizations, investors, employees, etc.) use many tools to make the right decisions about the company. One of the tools in question is the DuPont Analysis technique, which is included in ratio analysis among financial analysis techniques. DuPont Analysis is an important analysis technique in evaluating the financial performance of companies. Because DuPont analysis offers companies the reasons why return on equity is low or high. As a result of literature research, there are many studies examining the financial performances of companies and sectors with DuPont analysis. It has been determined that the studies in question were carried out on the transportation, health, cement, food, beverage and tobacco, technology, manufacturing, finance, stationery, agriculture, tourism and real estate investment partnership sectors. However, during the literature review, the fact that no study was found that comprehensively examined BIST annual data regarding the transportation and storage sector and that it fills the gap in this field reveals the importance of the study. In this context, the purpose of this study is to examine the financial performances of companies operating in the BIST transportation and storage sector with DuPont Analysis and to contribute to the companies on the measures and improvement policies that should be taken for the future by evaluating the results obtained for the sector. It also helps both internal and external information users make accurate decisions about companies. For this purpose, data of 9 companies operating in the Borsa Istanbul (BIST) Transportation and Storage Sector between 2018 and 2022 were examined. Company-specific data was obtained from the Public Disclosure Platform and the reports on the companies' websites. The data obtained in the study were evaluated using the DuPont Analysis method. In this context, it has been determined that 2022 is the best year in terms of financial performance for the transportation and storage sector. Return on equity is one of the measures of how much profit the company's partners make in return for the capital they put in, that is, how many units of profit are created for each unit of capital. Therefore, it shows that the company earns more profit with less capital. However, with the measures and restrictions taken as a result of the Covid-19 epidemic, which occurred in 2020 and was declared a pandemic all over the world, it was found that the equity profitability of companies, especially those engaged in air transportation, was negative, in other words, they made a loss that year.

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