Otel İşletmelerinde Finansal Analizlere İlişkin Bir Örnek Olay İncelemesi
A CASE STUDY RELATING TO FINANCIAL ANALYSIS IN HOTEL ENTERPRISES
Author(s): Lütfi Mustafa Şen, Burhanettin Zengin, Ferid YusubovSubject(s): Business Economy / Management, Tourism
Published by: Sakarya üniversitesi
Keywords: Hotels: Tourism Finance; Financial Analysis and Techniques;
Summary/Abstract: The main objective of this case, an example hotel's using financial analysis techniques to analyze financial statements and success is to indicate the importance of financial analyze an example hotel's.Firstly, in this case were studied the subject of financial analyze.Then, an example hotel was chosentraded in Istanbul Stock Exchange.This hotel's financial statements have been obtained from Public Disclosure Platform. And was conducted between 2011-2013 trend analyze, between 2012-2013 years Comparative Statement Analysis and percentage method and ratio analyses have been done 2013 year.In this case, the main results were the following financial analysis:In general, there is an imbalance in the asset-liability structure.It is a serious lack of liquidity. High cost of a portion of the assets used to finance short-term debt and commercial debt is high which leads to lack of liquidity have been identified as factors.Excessive borrowing resulting high financing costs, has led to a loss making business. Poor management of the business financially, primarily asset-liability structure to deteriorate and consequently to incur losses later in the 2011, 2012 and 2013, has led to the permanent loss of equity.
Journal: İşletme Bilimi Dergisi
- Issue Year: 3/2015
- Issue No: 1
- Page Range: 64-85
- Page Count: 22
- Language: Turkish