Covid-19’s Effect On Profitability in Türkiye’s Health Services Sector: An Examination of Financial Performance Using DuPont Analysis

Vahap Karaçadır

Makale detayları

Covid-19’s Effect On Profitability in Türkiye’s Health Services Sector: An Examination of Financial Performance Using DuPont Analysis

Yazarlar:

Vahap Karaçadır

Yayıncı:

Gumushane University

Ana Başlıklar:

Sağlık Kurumları Yönetimi | Sağlık Yönetimi

Dergi:

Gümüşhane Üniversitesi Sağlık Bilimleri Dergisi Vol.14 Issue 2, pp.509-523

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001351864

pISSN:

2146-9954

Anahtar kelimeler:

Özet:

 The COVID-19 pandemic, which occurred in 2020, had profound effects on economic activities worldwide. The healthcare sector was forced to use additional financial resources to offset the costs of the pandemic and ensure the sustainability of the system. This study aims to evaluate Türkiyes healthcare services sector using financial performance data, separating and comparing the periods before, during, and after the pandemic. For this purpose, sectoral balance sheet data from the Central Bank of the Republic of Türkiye CBRT between 2018 and 2023 were used, and the DuPont analysis method was applied to categorize the periods before, during, and after the COVID-19 outbreak. The year 2018 marked a significant turning point for the healthcare services sector. During this period, financial indicators in the sector followed a negative trend, with net profit margin ROS, return on assets ROA, and return on equity ROE showing negative values. However, in 2019, the sector began a recovery process, and these indicators started to exhibit a positive trend. In the pandemic period of 2020-2021, a significant improvement in financial performance indicators was observed due to increased demand in the sector. During this period, the return on equity increased to 14.46, and return on assets rose to 4.56. The growth momentum continued after the pandemic, and by 2023, the return on equity reached 21.24, the highest level during the analyzed period. These findings provide valuable data on the sectors performance before, during, and after the pandemic.

 The COVID-19 pandemic, which occurred in 2020, had profound effects on economic activities worldwide. The healthcare sector was forced to use additional financial resources to offset the costs of the pandemic and ensure the sustainability of the system. This study aims to evaluate Türkiyes healthcare services sector using financial performance data, separating and comparing the periods before, during, and after the pandemic. For this purpose, sectoral balance sheet data from the Central Bank of the Republic of Türkiye CBRT between 2018 and 2023 were used, and the DuPont analysis method was applied to categorize the periods before, during, and after the COVID-19 outbreak. The year 2018 marked a significant turning point for the healthcare services sector. During this period, financial indicators in the sector followed a negative trend, with net profit margin ROS, return on assets ROA, and return on equity ROE showing negative values. However, in 2019, the sector began a recovery process, and these indicators started to exhibit a positive trend. In the pandemic period of 2020-2021, a significant improvement in financial performance indicators was observed due to increased demand in the sector. During this period, the return on equity increased to 14.46, and return on assets rose to 4.56. The growth momentum continued after the pandemic, and by 2023, the return on equity reached 21.24, the highest level during the analyzed period. These findings provide valuable data on the sectors performance before, during, and after the pandemic.

 The COVID-19 pandemic, which occurred in 2020, had profound effects on economic activities worldwide. The healthcare sector was forced to use additional financial resources to offset the costs of the pandemic and ensure the sustainability of the system. This study aims to evaluate Türkiyes healthcare services sector using financial performance data, separating and comparing the periods before, during, and after the pandemic. For this purpose, sectoral balance sheet data from the Central Bank of the Republic of Türkiye CBRT between 2018 and 2023 were used, and the DuPont analysis method was applied to categorize the periods before, during, and after the COVID-19 outbreak. The year 2018 marked a significant turning point for the healthcare services sector. During this period, financial indicators in the sector followed a negative trend, with net profit margin ROS, return on assets ROA, and return on equity ROE showing negative values. However, in 2019, the sector began a recovery process, and these indicators started to exhibit a positive trend. In the pandemic period of 2020-2021, a significant improvement in financial performance indicators was observed due to increased demand in the sector. During this period, the return on equity increased to 14.46, and return on assets rose to 4.56. The growth momentum continued after the pandemic, and by 2023, the return on equity reached 21.24, the highest level during the analyzed period. These findings provide valuable data on the sectors performance before, during, and after the pandemic.

 2020 yılında meydana gelen Covid-19 salgını, küresel ölçekte ekonomik faaliyetler üzerinde derin etkiler yaratmıştır. Sağlık sektörü, pandeminin maliyetlerini telafi etmek ve sistemin sürdürülebilirliğini sağlamak amacıyla ek mali kaynaklar kullanmak durumunda kalmıştır. Bu çalışma, Türkiyedeki insan sağlığı hizmetleri sektörünün finansal performans verilerini kullanarak pandemi öncesi, pandemi süreci ve pandemi sonrasını olarak ayırıp karşılaştırma yaparak değerlendirmeyi amaçlamaktadır. Bu amaç kapsamında öncelikle 2018-2023 yılları arasında Türkiye Cumhuriyet Merkez Bankası TCMB sektörel bilanço verileri kullanılarak Covid-19 salgını öncesi, süreci ve sonrası olarak gruplandırıp DuPont analiz yöntemi ile analiz edilmiştir. İnsan sağlığı hizmetleri sektörü için 2018 yılı, önemli bir kırılma noktası olmuştur. Bu dönemde, sektördeki finansal göstergeler olumsuz bir seyir izlemiş; net kâr marjı ROS, aktif kârlılığı ROA ve özsermaye kârlılığı ROE negatif değerler göstermiştir. Ancak, 2019 yılında sektör toparlanma sürecine girmiş ve bu göstergeler pozitif yönde bir eğilim sergilemeye başlamıştır. Pandemi dönemi olan 2020-2021 yıllarında, sektörde artan talep doğrultusunda finansal performans göstergelerinde belirgin bir iyileşme kaydedilmiştir. Bu dönemde özsermaye kârlılığı 14,46ya, aktif kârlılığı ise 4,56ya yükselmiştir. Pandemi sonrası süreçte de büyüme ivmesi devam etmiş ve 2023 yılında özsermaye kârlılığı oranı 21,24 seviyesine ulaşarak analiz edilen dönemin en yüksek seviyesini görmüştür. Bu ifadeler, sektörün pandemi öncesi, süreci ve sonrasındaki performansını ortaya koymak açısından önemli veriler sunmaktadır.

Makale detayları

Covid-19’s Effect On Profitability in Türkiye’s Health Services Sector: An Examination of Financial Performance Using DuPont Analysis

Yazarlar:

Vahap Karaçadır

Yayıncı:

Gumushane University

Ana Başlıklar:

Sağlık Kurumları Yönetimi | Sağlık Yönetimi

Dergi:

Gümüşhane Üniversitesi Sağlık Bilimleri Dergisi Vol.14 Issue 2, pp.509-523

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001351864

pISSN:

2146-9954

Health Care Economics and Organizations

Financial Statements

Health Policies Covid-19Sağlık Ekonomisi ve Organizasyonu

Finasal Tablolar

Sağlık Politikası

Covid-19

Sayı

Makale detayları

Covid-19’s Effect On Profitability in Türkiye’s Health Services Sector: An Examination of Financial Performance Using DuPont Analysis

Yazarlar: Vahap Karaçadır

Yayıncı: Gumushane University

Ana Başlıklar: Sağlık Kurumları Yönetimi | Sağlık Yönetimi

Dergi: Gümüşhane Üniversitesi Sağlık Bilimleri Dergisi Vol.14 Issue 2, pp.509-523

Belge Tipi: Makale

Yayın Tarihi: 6/2025

Belge Dili: Türkçe

Document ID (Org No.): 2001351864

pISSN: 2146-9954

Health Care Economics and Organizations

Financial Statements

Health Policies Covid-19Sağlık Ekonomisi ve Organizasyonu

Finasal Tablolar

Sağlık Politikası

Covid-19

Sayı

Yazarlar:

Vahap Karaçadır

Yayıncı:

Gumushane University

Ana Başlıklar:

Sağlık Kurumları Yönetimi | Sağlık Yönetimi

Dergi:

Gümüşhane Üniversitesi Sağlık Bilimleri Dergisi Vol.14 Issue 2, pp.509-523

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001351864

pISSN:

2146-9954