Comparative Financial Efficiency and Performance Analysis with TOPSIS and MOORA Methods: An Application on Logistic Companies

Authors : İsmail Öztanır

Pages : 531-548

Doi:10.51551/verimlilik.1656798

View : 143 | Download : 110

Publication Date : 2025-07-21

Article Type : Research Paper

Abstract :Purpose: This study aims to evaluate the financial performance and efficiency of logistics companies listed on Borsa Istanbul, with a focus on analyzing the impact of the pandemic through financial ratios from 2019 to 2023. Methodology: In the research, TOPSIS and MOORA methods, which are multi-criteria decision-making methods, were used. These methods were used to assess the performance of the companies with the help of selected financial ratios. Findings: Analysis of the top three performing companies showed notably high efficiency ratios—particularly receivables and inventory turnover—alongside low debt levels. GSDDE, ranked first by the TOPSIS method, stood out with significantly higher operating profitability in its peak years. Additionally, companies with stronger liquidity (e.g., higher acid-test ratios) outperformed others, highlighting the importance of solid cash reserves during economic uncertainty. Originality: It is unique in that it focuses on measuring financial efficiency in the logistics sector by using TOPSIS and MOORA methods together and is research that compares pre- pandemic and post-pandemic performance results in the light of the findings of recent studies in the relevant sector. The study provides a unique perspective on the impact of the COVID-19 pandemic (2019–2023) on the logistics sector, offering insights into key financial indicators such as efficiency, debt structure, and profitability trends.
Keywords : Finansal Performans, Verimlilik Analizi, TOPSIS, MOORA, Lojistik Sektörü

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