Profitability Based Financial Performance Analysis in BIST Basic Metal Industry Sector: LOPCOW-RSMVC Hybrid Multi-Criteria Decision Making Model

Authors : Arif Çilek, Onur Şeyranlıoğlu, Cennet Konuş

Pages : 1-29

Doi:10.57116/isletme.1613012

View : 84 | Download : 55

Publication Date : 2025-03-25

Article Type : Research Paper

Abstract :In this study, it is aimed to measure the financial performance of the companies traded in the BIST basic metal industry sector for the period 2020-2023 by using MCDM methods. In the study, five profitability criteria obtained from the balance sheets and income statements of the companies were included, and the importance levels of the criteria were determined by the LOPCOW method and the performance scores of the alternatives were determined by the RSMVC method. According to the LOPCOW method, the criterion with the highest degree of importance was found to be return on equity for 2020 and 2021, EBITDA margin for 2022 and net profit margin for 2023. The criterion with the lowest degree of importance is EBITDA margin for 2020, net profit margin for 2021 and 2022 and gross profit margin for 2023. According to the RSMVC technique, when the four periods are evaluated in general, CEMTS, PNLSN, KCAER companies ranked in the first three places in terms of average rank values, while CELHA, BMSCH, MEGMT companies ranked in the last three places.
Keywords : BİST Ana Metal Sanayi, LOPCOW, RSMVC, Çok Kriterli Karar Verme.