TREND ANALİZİ VE GRİ İLİŞKİSEL ANALİZ YÖNTEMLERİYLE FİNANSAL PERFORMANS ANALİZİ
TREND ANALYSIS AND GRAY RELATIONAL ANALYSIS (GRA) FINANCIAL TABLE PERFORMANCE ANALYSIS

Summary/Abstract: In this study, the financial performance analysis of the balance sheets and income statements of five cement companies belonging to ABC group is performed. In this context, balance sheet items and income statement items of these companies, which are named A, B, C, D and E, are examined. The main aim of this study is to examine the applicability of the Gray Relational Analysis, which is a method of Multi Criteria Decision Technique. In addition, it is important to emphasize the importance of selection of variables determined as evaluation criteria in similar methods. Therefore, trend analysis used to select the evaluation criteria. In first stage, trend analysis of these companies’ balance sheet and income statement is performed, and then in the second stage, using the result of trend analysis as input, Gray relational Analysis are performed to evaluate the financial performance of these companies. We examined that the companies with the worst financial performance according to Gray Relational Analysis are the same companies which aims to grow with excessive borrowing.

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