Comparison of liquidity levels of enterprise operating in the BIST wood products including furniture sector

Authors : Yahya Sönmez

Pages : 101-108

Doi:10.18070/erciyesiibd.1692191

View : 65 | Download : 138

Publication Date : 2025-12-31

Article Type : Research Paper

Abstract :Wood products, including furniture, are one of Turkey’s most established industries. While working conditions used to involve intensive labor and low technology, technological advances and changes toward a knowledge-intensive (capital-intensive) sector have occurred. This study aims to compare the liquidity levels of BIST companies operating in the wood products including furniture sector, which holds a strategic position in the Turkish economy. This sector plays a significant role in economic growth due to its high export potential, contribution to employment, and extensive supply chain. However, factors such as seasonality, fluctuations in demand, and volatility in raw material prices directly impact businesses’ cash flow and ability to meet short-term obligations. Analyzing liquidity levels contributes to assessing businesses’ financial stability, ensuring sustainability during crisis periods, and effectively evaluating investment opportunities. BIST data enables an objective and comparative assessment based on regular and transparent financial reporting, thus providing valuable information for both academic literature and decision-support processes for investors and industry managers. The study aims to compare the liquidity levels of six companies in this sector using their annual data from 2019 to 2023. Using data from 2019 to 2023, the GRA method was used to measure the liquidity levels of the companies and compare their liquidity levels. As a result of the analysis, it was determined that the company with the code SUMAS had the highest liquidity level.
Keywords : Orman Ürünleri, Mobilya Sektörü, Likidite Düzeyleri, Gri İlişkisel Analiz

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