English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

Ratio analysis is generally used to measure and evaluate financial performance. Used ratios change depending on the aim of the person or the institution. However, there are specific ratios accepted generally in the literature and the practis. Nonetheless, it is not negated that traditional financial ratios are deficient to show real financial situations of companies. At this point, deficiencies of traditional ratios can be complemented how cash flow ratios are used. In this study, financial performances of cement companies whose stocks are traded in Borsa Istanbul are analysed with TOPSIS method. Initially, traditional financial ratios and cash flow ratios of these companies are computed. After that, by using TOPSIS, computed ratios are converted to a single point which shows general performance of the company. When results are examined, it is determined that financial performances of companies based on traditional ratios and those based on cash flow ratios are different.

afyon kocatepe üniversitesi i̇ktisadi ve i̇dari bilimler fakültesi dergisi

COMPERATIVE ANALYSIS OF TRADITIONAL RATIOS WİTH CASH FLOW RATIOS ON MEASURING FINANCIAL PERFORMANCE: A PRACTISE ON BIST CEMENT COMPANIES WİTH TOPSIS METHOD