THE EVALUATION OF BIST INDUSTRIAL ENTERPRISES FROM THE VIEW POINT OF BANKS - SWARA-GRA INTEGRATED APPROACH

There are many different factors that should be taken into account for understanding the performance of a manufacturing company. These factors should be analysed together. Evaluation factors are determined by interviews with the financial experts at the banks in addition to the literature survey. The evaluation factors that are determined are 15 financial ratios related to liquidity ratios, financial structure ratios, turnover rates and profitability ratios. Within the scope of the study, the weights of these financial ratios are found with SWARA method. Then, the companies in BIST manufacturing category are analysed with GRA method. Balance sheet and income statements data of the enterprises included in the BIST Industrial category, which are required for the analysis, are obtained with the help of the Finnet program. The purpose of the study is to evaluate the performances of enterprises in the BIST Industrial category from the viewpoint of the bank managers. The results provide useful information for the sector. Excel package program is used for analysing the data