Evaluation of the Textile Industry by Ratio Analysis and Topsis Method

Abstract

In this study, the general conditions of the C13 textile manufacturing sector were examined comparatively by considering the liquidity, financial structure, activity and profitability ratios of the textile sector, which is both the main sector and the sub-sector, in the light of the TCMB sector 2009-2020 financial table data. In addition, Entropy and TOPSIS analyzes were applied in the performance evaluation in line with the financial ratios of 13 businesses in the BIST textile, clothing and leather sector between the years 2019-2021. As a result of the ratio analysis, the textile manufacturing sector remained below the general sector values in the conversion of stocks into cash and the collection of receivables, entropy analysis, the criterion weighted profitability ratios and the importance of financial structure ratios, TOPSIS analysis, it has been observed that BOSSA has the highest performance and HATEKS and KORDS enterprises have the lowest performance over the years.