Financial statements analysis of two companies from the complementary sectors operating on BIST: Construction and cement sectors

Nowadays, almost all sectors affect each other directly or indirectly. Contractions or expansion in any sector may cause the same or opposite effect in other sectors. While examining the sectors, if the developments of the other sectors with which they are connected are ignored, this situation creates problems in the correct analysis of the sectors and mistakes occur. This thesis includes the examination of the financial statements of the construction and cement companies traded on the stock exchange for the years 2017, 2018 and 2019. As a result of this, it aims to reach a general conclusion about these sectors and reveal the relationship between them by analyzing financial statements. It has been examined whether these sectors affect each other and whether they show parallelism. In addition, it is aimed to make a judgment about the stability of the companies, solvency, profitability and sustainability of their activities during these periods. This thesis has been examined in terms of financial statements analysis in general. Comparative analysis, trend analysis, vertical analysis and ratio analysis were applied to the financial statements of companies belonging to these two complementary sectors in the last three years and the changes in these last three years were interpreted. Thanks to these interpretations, it revealed whether these two sectors affect each other or not. The study carried out in line with these purposes enabled to use the analysis of financial statements more deeply and to provide better determinations about sectors and companies by making more effective and efficient analyzes. These opportunities also provide useful information to internal and external users interested in these sectors. While this information is beneficial to internal users by using this information to eliminate problems and increase productivity; They benefit external users in their investment decisions.