Financial Performance Analysis of Borsa Istanbul-Listed Automotive Firms: A DEA and Benchmarking Approach

Authors : Hatice Cenger

Pages : 1309-1323

Doi:10.33206/mjss.1638816

View : 93 | Download : 293

Publication Date : 2025-07-10

Article Type : Research Paper

Abstract :This study aims to comparatively analyze the financial performances of firms in the automotive sector using Data Envelopment Analysis (DEA), distinguishing between firms with effective debt management and those without. It seeks to propose recommendations for less efficient firms to improve their efficiency by benchmarking them with more efficient counterparts. In this context, the relative financial performance of automotive sector companies traded in Borsa Istanbul (BIST)i n 2022 was measured with a mathematical programming-based Data Envelopment Analysis (DEA). As a result of the study, companies that achieved relative efficiency; While TAOSA, FROTO, TTRAK and DOAS, relatively inefficient companies were OTKAR, KARSN, ASUZU and TMSN. According to the analysis results, inefficient companies were benchmarked by efficient enterprises. In this benchmarking application, any changes to be made to input variables (Total Debt/Total Assets, Net Debt/EBITDA) and output variables (Net Profit/Sales, Net Profit/Total Assets, Net Profit/Equity) were calculated in MS Excel using financial statements obtained from the Public Disclosure Platform (PDP).
Keywords : Otomotive Sektörü, Veri Zarflama Analizi, Kıyaslama, Etkinlik.

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