Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method
The purpose of this research is to evaluate the financial performance of companies in the Istanbul Stock Market (BIST) retail trade sector comparatively based on traditional financial rates and cash flow rates. In the study, the financial ratio based on 12 traditional financial ratios and 14 cash fl...
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| Format: | Article |
| Language: | English |
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Atatürk University
2025-07-01
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| Series: | Trends in Business and Economics |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/4141823 |
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| author | Saadet Tulum Ayşe Soy Temür |
| author_facet | Saadet Tulum Ayşe Soy Temür |
| author_sort | Saadet Tulum |
| collection | DOAJ |
| description | The purpose of this research is to evaluate the financial performance of companies in the Istanbul Stock Market (BIST) retail trade sector comparatively based on traditional financial rates and cash flow rates. In the study, the financial ratio based on 12 traditional financial ratios and 14 cash flow statements obtained by benefiting from the annual financial statements of the enterprises published in public information platform (PIP) as a criterion in the calculation of financial performance rankings was taken into consideration. Critic method was used in calculating the criteria weights, while CoCoSo and TOPSIS method was used in determining the financial performance rankings. The ranking results obtained were compared and Spearman’s test was applied in order to determine whether there was consistency between the findings. In comparisons based on traditional and cash flow ratios, the highest level of similarity was obtained in 2017 and 2018 for the CoCoSo method and in 2017 and 2019 for the TOPSIS method. The lowest similarity was in 2021 and 2022 for CoCoSo and in 2018, 2021 and 2022 for TOPSIS. In the financial performance ranking results obtained from the methods, similar ranking results were achieved in all years except 2018 and 2019 for traditional ratios and 2019 and 2020 for cash flow ratios. |
| format | Article |
| id | doaj-art-8f905cbc39f141fcba2079f01a3d722b |
| institution | DOAJ |
| issn | 2822-2652 |
| language | English |
| publishDate | 2025-07-01 |
| publisher | Atatürk University |
| record_format | Article |
| series | Trends in Business and Economics |
| spelling | doaj-art-8f905cbc39f141fcba2079f01a3d722b2025-08-20T02:41:39ZengAtatürk UniversityTrends in Business and Economics2822-26522025-07-0139335937710.16951/trendbusecon.153252355Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso MethodSaadet Tulum0https://orcid.org/0000-0002-4693-2538Ayşe Soy Temür1https://orcid.org/0000-0003-4455-5035KIRKLARELI UNIVERSITYDÜZCE ÜNİVERSİTESİThe purpose of this research is to evaluate the financial performance of companies in the Istanbul Stock Market (BIST) retail trade sector comparatively based on traditional financial rates and cash flow rates. In the study, the financial ratio based on 12 traditional financial ratios and 14 cash flow statements obtained by benefiting from the annual financial statements of the enterprises published in public information platform (PIP) as a criterion in the calculation of financial performance rankings was taken into consideration. Critic method was used in calculating the criteria weights, while CoCoSo and TOPSIS method was used in determining the financial performance rankings. The ranking results obtained were compared and Spearman’s test was applied in order to determine whether there was consistency between the findings. In comparisons based on traditional and cash flow ratios, the highest level of similarity was obtained in 2017 and 2018 for the CoCoSo method and in 2017 and 2019 for the TOPSIS method. The lowest similarity was in 2021 and 2022 for CoCoSo and in 2018, 2021 and 2022 for TOPSIS. In the financial performance ranking results obtained from the methods, similar ranking results were achieved in all years except 2018 and 2019 for traditional ratios and 2019 and 2020 for cash flow ratios.https://dergipark.org.tr/tr/download/article-file/4141823borsa istanbul perakende ticaretcritic ağırlıklandırmalı cocosofinansal performansnakit akış oranlarıistanbul stock market retail tradecritic weight cocosofinancial performancecash flow ratios |
| spellingShingle | Saadet Tulum Ayşe Soy Temür Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method Trends in Business and Economics borsa istanbul perakende ticaret critic ağırlıklandırmalı cocoso finansal performans nakit akış oranları istanbul stock market retail trade critic weight cocoso financial performance cash flow ratios |
| title | Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method |
| title_full | Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method |
| title_fullStr | Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method |
| title_full_unstemmed | Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method |
| title_short | Evaluation of Financial Performance of Businesses in Stock Market Istanbul Retail Trade Sector According to Traditional and Cash Flow Ratios with Cocoso Method |
| title_sort | evaluation of financial performance of businesses in stock market istanbul retail trade sector according to traditional and cash flow ratios with cocoso method |
| topic | borsa istanbul perakende ticaret critic ağırlıklandırmalı cocoso finansal performans nakit akış oranları istanbul stock market retail trade critic weight cocoso financial performance cash flow ratios |
| url | https://dergipark.org.tr/tr/download/article-file/4141823 |
| work_keys_str_mv | AT saadettulum evaluationoffinancialperformanceofbusinessesinstockmarketistanbulretailtradesectoraccordingtotraditionalandcashflowratioswithcocosomethod AT aysesoytemur evaluationoffinancialperformanceofbusinessesinstockmarketistanbulretailtradesectoraccordingtotraditionalandcashflowratioswithcocosomethod |