Finansal Performansın Gri İlişkisel Analiz Yöntemi İle Değerlendirilmesi: Borsa İstanbul Ulaştırma Endeksi’ndeki Şirketler Üzerine Bir Araştırma (Araştırma Makalesi)

Financial performance evaluation is a critical and important process to be taken into consideration for the enterprises that want to survive in an intense competitive environment. In such an evaluation, there are many criteria and alternatives for developing a comprehensive and effective model. This is seen as a multi-criteria decision making problem. In this study, the financial performance of 8 companies listed in Borsa Istanbul Transport Index (BIST) was measured by using Gray Relational Analysis (GRA) method.13 financial ratios were included in this study based on the 2016/2018 period, and then the performance ranking results of the companies were specified. As a result of the study, it was found that the GRA values did not show very high deviations, and high profitability enterprises were in the top rankings. Moreover, it was observed that the performance rankings of the companies operating in the transportation sector generally similar in 2016/2017 were different in 2018.