Association of Financial Ratio Features with Cash Flow Profile Features and A Research on BIST Manufacturing Industry Enterprises

Mustafa Kısakürek; Haluk Satır

Makale detayları

Association of Financial Ratio Features with Cash Flow Profile Features and A Research on BIST Manufacturing Industry Enterprises

Yazarlar:

Mustafa Kısakürek | Haluk Satır

Yayıncı:

Süleyman Demirel University

Ana Başlıklar:

Finans

Dergi:

Süleyman Demirel Üniversitesi Vizyoner Dergisi Vol.14 Issue 38, pp.371-391

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001289764

pISSN:

1308-9552

Anahtar kelimeler:

Özet:

 The aim of the study is to reveal that different financial characteristics can be obtained when the cash flow profiles obtained as a result of examining the positive and negative aspects of the cash flows in the cash flow statement components are used together with the financial ratio analysis technique. In the study, first of all, cash flow profiles of 70 enterprises operating in the BIST manufacturing industry sector are determined by using the cash flow table data of the years 2012-2018. Afterwards using the data in the balance sheet and income statement of each business, the financial ratio results by years are determined. As a result, the relationship between profile features and financial ratio features is analyzed according to the panel logit analysis method of profile 2, profile 4 and profile 6, which exceeded 10, within a total of eight profiles and a total of 490 observations. According to the results of the analysis, profile 2 is positively related to asset turnover and return on assets, while asset growth rate is negatively related, profile 4 is positively related to asset growth rate, stocks to assets ratio and equity growth ratio is negatively related to profile 6, and stocks to assets are negatively related to profile 2. It is determined that the rate of asset growth and the rate of asset growth are positively correlated, while the current rate, leverage rate and return on assets rate are negatively related.

 The aim of the study is to reveal that different financial characteristics can be obtained when the cash flow profiles obtained as a result of examining the positive and negative aspects of the cash flows in the cash flow statement components are used together with the financial ratio analysis technique. In the study, first of all, cash flow profiles of 70 enterprises operating in the BIST manufacturing industry sector are determined by using the cash flow table data of the years 2012-2018. Afterwards using the data in the balance sheet and income statement of each business, the financial ratio results by years are determined. As a result, the relationship between profile features and financial ratio features is analyzed according to the panel logit analysis method of profile 2, profile 4 and profile 6, which exceeded 10, within a total of eight profiles and a total of 490 observations. According to the results of the analysis, profile 2 is positively related to asset turnover and return on assets, while asset growth rate is negatively related, profile 4 is positively related to asset growth rate, stocks to assets ratio and equity growth ratio is negatively related to profile 6, and stocks to assets are negatively related to profile 2. It is determined that the rate of asset growth and the rate of asset growth are positively correlated, while the current rate, leverage rate and return on assets rate are negatively related.

 The aim of the study is to reveal that different financial characteristics can be obtained when the cash flow profiles obtained as a result of examining the positive and negative aspects of the cash flows in the cash flow statement components are used together with the financial ratio analysis technique. In the study, first of all, cash flow profiles of 70 enterprises operating in the BIST manufacturing industry sector are determined by using the cash flow table data of the years 2012-2018. Afterwards using the data in the balance sheet and income statement of each business, the financial ratio results by years are determined. As a result, the relationship between profile features and financial ratio features is analyzed according to the panel logit analysis method of profile 2, profile 4 and profile 6, which exceeded 10, within a total of eight profiles and a total of 490 observations. According to the results of the analysis, profile 2 is positively related to asset turnover and return on assets, while asset growth rate is negatively related, profile 4 is positively related to asset growth rate, stocks to assets ratio and equity growth ratio is negatively related to profile 6, and stocks to assets are negatively related to profile 2. It is determined that the rate of asset growth and the rate of asset growth are positively correlated, while the current rate, leverage rate and return on assets rate are negatively related.

 Bu çalışmanın amacı, nakit akış tablosu bileşenlerindeki nakit akışlarının pozitif ve negatif yönünün incelenmesi sonucu elde edilen nakit akış profillerinin, finansal oran analizi tekniği ile birlikte kullanıldığında, farklı finansal özelliklerin elde edilebileceğinin ortaya konulmasıdır. Çalışmada öncelikle BİST imalat sanayii sektöründe faaliyet gösteren 70 işletmenin, 2012-2018 yıllarına ait nakit akış tablosu verileri kullanılarak nakit akış profilleri belirlenmiştir. Sonrasın da her bir işletmenin, bilanço ve gelir tablosundaki verileri kullanılarak yıllar itibariyle finansal oran sonuçları tespit edilmiştir. Sonucunda ise, değerlendirmeye alınan toplam sekiz profil ve toplam 490 gözlem sayısı içinde, 10u geçen profil 2, profil 4 ve profil 6nın panel logit analiz yöntemine göre, profil nitelikleri ile finansal oran özellikleri arasındaki ilişki analiz edilmiştir. Analiz sonucuna göre, profil 2 ile aktif devir hızı ve aktif kârlılığı oranının pozitif, aktif büyüme oranının ise negatif ilişkili olduğu, profil 4 ile aktif büyüme oranının pozitif, stokların aktiflere oranı ve öz kaynak büyüme oranın ise negatif ilişkili olduğu, profil 6 ile stokların aktiflere oranı ve aktif büyüme oranının pozitif, cari oran, kaldıraç oranı ve aktif karlılığı oranının ise negatif ilişkili olduğu tespit edilmiştir.

Makale detayları

Association of Financial Ratio Features with Cash Flow Profile Features and A Research on BIST Manufacturing Industry Enterprises

Yazarlar:

Mustafa Kısakürek | Haluk Satır

Yayıncı:

Süleyman Demirel University

Ana Başlıklar:

Finans

Dergi:

Süleyman Demirel Üniversitesi Vizyoner Dergisi Vol.14 Issue 38, pp.371-391

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001289764

pISSN:

1308-9552

Cash Flow Profile

Financial Ratio

Panel Data Analysis

Logistic RegressionNakit Akış Profili

Finansal Oran

Panel Veri Analizi

Lojistik Regresyon

Sayı

Makale detayları

Yazarlar: Mustafa Kısakürek | Haluk Satır

Yayıncı: Süleyman Demirel University

Ana Başlıklar: Finans

Dergi: Süleyman Demirel Üniversitesi Vizyoner Dergisi Vol.14 Issue 38, pp.371-391

Belge Tipi: Makale

Yayın Tarihi: 5/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001289764

pISSN: 1308-9552

Sayı

Yazarlar:

Mustafa Kısakürek | Haluk Satır

Yayıncı:

Süleyman Demirel University

Ana Başlıklar:

Finans

Dergi:

Süleyman Demirel Üniversitesi Vizyoner Dergisi Vol.14 Issue 38, pp.371-391

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001289764

pISSN:

1308-9552