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The aim of this study is to determine financial ratios, which are used commonly by tourism operation, certified five star hotel companies. The data were collected from 191 tourism operations certified five star hotel companies operating in the Mediterranean region by a questionnaire developed a result of review of the literature. In the analysis result, it is determined that the most important and mostly used financial ratio group by hotel companies is hotel activity ratios. Additionally it is determined that cash ratio, leverage ratio, receivables turnover ratio, operating profitability ratio, net profit margin ratio, room revenue per available room and average room rate are the most important and mostly used ratios by five stars hotel companies.
The aim of this study is to determine financial ratio, which are used commonly by tourism operation, certified five-star hotel companies. The data were collected from 191 tourism operations certified five star hotel companies operating in the Mediterranean region by a questionnaire developed a result of review of the literature. In the analysis result, it is determined that the most important and mostly used financial ratio group by hotel companies is hotel activity ratio. Additionally it is determined that cash ratio, leverage ratio, receivables turnover ratio, operating profitability ratio, net profit margin ratio, room revenue per available room and average room rate are the most important and mostly used ratio by five stars hotel companies.
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