Abstract:

This paper aims to evaluate financial performance ranking of companies operate in transportation sector and listed on Borsa Istanbul (BIST) between the years of 2013 and 2017 via TOPSIS which is a multiple criteria decision making method. In this paper, fourteen financial ratio are used to evaluate financial performance of companies. The improved entropy method is used to determine the weights of financial ratio. The financial performance of RYSAS, CLEBI, CLEBI, BEYAZ and CLEBI has the highest TOPSIS score, while the financial performance of THYAO, BEYAZ, RYSAS, PGSUS and THYAO has the lowest score between the years of 2013 and 2017. The comparison of financial performance and stock return rankings of companies shows that the companies that have the highest financial performance do not always have the highest stock return.

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