BIST ANA METAL SANAYİ ENDEKSİNDE FAALİYET GÖSTEREN İŞLETMELERİN FİNANSAL PERFORMANSLARININ ENTROPİ TABANLI PROMETHEE YÖNTEMİYLE ÖLÇÜLMESİ: 2014-2018 DÖNEMİ
MEASUREMENT OF FINANCIAL PERFORMANCE OF ENTERPRISES OPERATING IN BIST MAIN METAL INDUSTRY INDEX BY ENTROPY-BASED PROMETHEE METHOD: 2014-2018 PERIOD

Summary/Abstract: The sustainable success of companies in a highly competitive environment is directly related to their financial performance. In this context, the financial performance of companies in the heavy metal industry sector, which is one of the leading sectors in the national economy and the world economy, is very important. This research will comparatively analyze the financial performance rankings of seventeen heavy metal industry companies listed on Borsa Istanbul (BIST) by using the comparative multi-criteria decision-making (MCDM) method for the years 2014-2018. Basic financial ratios obtained from balance sheets and income statements were used as financial performance indicators, PROMETHEE method is used as the MCDM Criteria weights were determined by the Entropy method. According to the results of the research, the financial performance rankings of the companies vary in the relevant years. Equity Profitability and Net Working Capital Turnover ratios were determined as the most important criteria with the Entropy method. On average, EREGL and ERBOS have been the most successful companies in the performance rankings made with the PROMETHEE method. CEMAS has been identified as the lowest-performing company throughout the period.

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