Abstract:

The aim of this study is to identify the financial effects of COVID-19 on BIST manufacturing sector companies. For this purpose, the first six-month financial statements of the manufacturing sector companies that are traded in Borsa Istanbul in 2019 and 2020 were examined and 18 financial rates were calculated under four titles. The first six-month financial rates of the year 2019 and the first six-month financial rates of the year 2020, the first six-month financial rates of the year 2019 and the first six-month financial rates of the year 2020, which are the pre-COVID-19 period, are calculated by the calculated arithmetic average, taking into account the company’s active sizes, as a whole of the manufacturing sector and the average changes in the industry. Later, a "Wilcoxon Signed Track Test" was also conducted to determine whether there is a difference in financial rates between the two periods. When the changes in the financial ratings of the two periods and the revenue of companies were also studied, a significant change was observed in the manufacturing sector in general in terms of liquidity rates, while a negative change in terms of profitability rates was observed. The research results show that the "main metal industry" and the "textile, clothing and leather sector" are affected negatively by the epidemic, while companies in other sectors are affected differently according to the characteristics of the epidemic period. From companies, the demand for products increased in the epidemic period such as drugs, disinfectants, basic foods, packaging is seen to be affected in a positive direction, while the companies that produce other products are seen to be affected in a negative direction in accordance with the overall results.

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