Özet:

One way for to be able to predict their future is to measure their financial performance. It is unlikely that every company that has a financial failure after the measurement will fail, but many companies that are in poor financial condition are likely to result in bankruptcy. In fact, bankruptcy is the last stage of financial failure. This causes the need to focus on future forecast-based work. In this study; the financial performance of the cement companies that are traded in the Stock Exchange in Istanbul was analyzed by the Altman-z score method, one of the financial analysis methods. The purpose of this study is to make the application by focusing on the cement companies that are trading in the BIST to predict financial failure. In the first part of the study, information was provided on the cement industry. The second part of the study provides information about the altman z score method. The third and last part of the study is prepared using the data of the last 5 years of 4 companies operating in the cement industry. In the study, we tried to identify the possibilities of financial bankruptcy by using the data in the companies’ balance sheets and revenues for the years 2015, 2014, 2013, 2012 and 2011. Companies in comparison with their score values include the numerical value of their close bankruptcy and the interpretation of the company’s safe, grey or troubled area.

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