Abstract:

In this study, the performance of 23 companies in the 2012-2016 years operating in the Bursa Istanbul Metal Items, Machine Index, was measured by the Rate Analysis and Economic Added Value (EVA) method. The rates used in the study are the main activity profit margin, asset/asset sum, currency rate, interest rate, amortization and pre-tax profit margin, liquidity rate, net profit margin, price-profit rate, market value/defter value, profit per share, financial debt/asset. The Promethee process, a multi-critical decision-making technique, has been used in comparison of measuring performance according to the Rate Analysis and EVA methods. According to the findings, the results of the ratio analysis and the results of the EVA analysis are different on the basis of years, the outcomes of the two methods need to be differently evaluated. Keywords: Business Performance, Multi-Critical Decision Making, Promethee Method JEL Classification: C44, C65, G10

Keywords:

Abstract:

In this study, the performances of the 23 enterprises includedin the Borsa Istanbul Metal Goods, Machinery Index between 2012-2016 were measured using Ratio Analysis and Economic Value Added (EVA) method. The ratios used in the study are the operating profit margin,total equity / total assets, current ratio, earning before interest,taxes depreciation and amortisation (ebitda) margin, liquidity ratio, net profit margin, price-earning ratio, market value / book value, profit per share, financial debt / equity. The Promethee process, which is one of the Multi Criteria Decision Making Techniques, was used to compare the enterprises whose performance was measured according to the ratio analysis and EVA methods. According to the findings, the results of the rate analysis and EVA analysis differ between years and the outputs of the two methods should be evaluated differently. Key Words: Firm Performance, Multi-Criteria Decision Making, Promethee Method. JEL Classification: C44, C65, G10