Financial performance analysis of automotive companies traded in Borsa Istanbul (BIST): Entropi, TOPSIS and Gray Metods

In this study, financial performance was analyzed with the help of 20 financial ratios covering the periods of 2017-2019 in the 11 automotive sectors which are traded in Borsa İstanbul, the data is drived from annual income statement and balance sheets published on the public disclosure platform's official website. ENTROPİ was used determine benchmark weights, while Topsis and Gri methods were used in the ranking companies. According to the results of analysis, the main criterion is market ratios and most important criterion is the price / earnings ratio, the company with the highest financial performance was FMIZP for 2017. The best performing companies in 2018 were FMIZP and EGEEN. FMIZP and DOAS companies displayed their best performances in 2019.