İmalat Sektöründeki İşletmelerin Finansal Performanslarının Ölçülmesi: Bir Veri Zarflama Analizi (VZA) Uygulaması

OpenAlex Türkçe

The objective of the study is to measure comparatively the financial performances of the enterprises operating in the manufacturing sector.For this purpose, different financial ratios have been calculated by using some figures from the financial statements of 155 of the manufacturing industry enterprises listed in BIST.Six of these financial ratios (current ratio, debt-equity ratio, debt asset ratio, inventory turnover rate, credit turnover rate and the ratio of cost of sales to net sales) are determined as input variables, while the other six (fixed asset turnover, equity profitability, profitability of assets, main operating profit margin and market value-book value ratio) are determined as output variables.Companies that do not have continuity of data are excluded from the study.Nevertheless, they were not included in the scope of the studies in which the financial ratios had negative values.The resulting financial ratios are defined as inputoutput variables to be used as the basis for Data Envelopment Analysis (DEA), which allows the use of multiple variables together for the performance measurements of the decision-making units (DMUs) studied.The determined input-output variables (financial ratios) were transferred to the Frontier Analyst program in order to calculate the efficiency values of the enterprises.For the analysis, CCR model with CRS (Constant Return Scale) approach and BCC models with variable return (VRS) approach were used.In both models, output-oriented results were obtained in addition to input-oriented results of enterprises.According to the * Bu makale, 3-5 Mayıs 2018 tarihlerinde Bayburt'ta gerçekleştirilen Uluslar arası Uygulamalı İşletme, Yönetim ve Ekonomi Araştırmaları Sempozyumu'nda sözlü bildiri olarak sunulmuştur.