Financial performance analysis of BIST100 tourism companies

For a business to achieve sustainable success, it must show a good financial performance. Investors pay attention to whether companies' performance is sustainable and how their financial performance is according to the sector. Determination of financial performance is crucial not only for investors but also for the company to evaluate itself based the sector and to take actions. Since tourism companies are in a sector where large investments are required, the measurement of financial performance is very critical for this sector. In addition, the sector which is deeply affected by the economic and political conjuncture of the country, needs an assessment of its financial performance in order to take measures against these risks over the years. In this study eight tourism companies in BIST were evaluated based on financial performance using financial ratios. As a result of the analysis made with liquidity, leverage, profitability, activity ratios and cash conversion time, implications and suggestions regarding the sector are presented.