The Effect of COVID-19 on the Tourism Sector in Turkey

2021 ◽  
pp. 69-91
Author(s):  
Duygu Şengül Çelikay ◽  
Ferdi Çelikay
Keyword(s):  
Financial Performance ◽  
Financial Statement ◽  
Short Term ◽  
Financial Statement Analysis ◽  
Analysis Techniques ◽  
Tourism Sector ◽  
Fixed Assets ◽  
Total Profit ◽  
Support Policy

This study aims to reveal the effect of COVID-19 on the financial performance and position of the tourism sector. The financial statement data of the firms traded in the restaurants and hotels sub-sector in Borsa Istanbul were analyzed by using financial statement analysis techniques. According to the comparative income statements, the firms' total profit turned into a loss by declining 181%. The first 9-month analyses are essential in revealing the significant decrease in the firms' revenues and the fact that the expenses could not be reduced; the firms sold fixed assets and realized capital increases to continue their activities. The policymakers should develop a comprehensive cash support policy and develop short-term measures such as cost-free financing opportunities and expanding loan opportunities to reduce the damage.

Assessment of Financial Performance of Agricultural Cooperative Unions: The Case of West Harerghe Zone, Oromia Region, Ethiopia

2020 ◽  
Vol 8 (9) ◽  
pp. 86-104
Author(s):  
Buta Debela Bonsa ◽  
Kerima Rahmeto Ebrahim
Keyword(s):  
Financial Performance ◽  
Financial Analysis ◽  
Balance Sheet ◽  
Free Cash Flow ◽  
Financial Statement ◽  
Financial Statement Analysis ◽  
Agricultural Cooperative ◽  
Secondary Sources ◽  
Current Asset ◽  
Asset Turnover

Financial statement analysis involves comparing cooperative union performance and evaluating trends in the unions’ financial position over time. Managers use financial statement analysis to identify situations demanding attention; potential lenders use financial analysis to determine whether the union is creditworthy; and stockholders use financial analysis to help predict future earnings, dividends, and free cash flow.  This study is conducted on Assessment of Financial performance of Agricultural Cooperative unions: the Case of West Harerghe zone, Oromia region, Ethiopia. The general objective of this study was to evaluate financial performance of agricultural cooperative union. For this study, the researchers used both primary and secondary sources of data taken from purposively selected two cooperative unions (i.e. Burka Galeti and Chercher Oda bultum) since they do have audited financial statements out of five unions found in western Haraghe. The study also used FGD and interview with fiancé managers and employees of the union for further explanation. Based on the financial statement analysis the researchers found that the agricultural cooperatives are efficient and effective in asset utilization, activity and debt equity management ratios. However, the financial statement analysis showed that the current asset ratio is below the industry standard   that cannot cover its short term liabilities form its current asset section of the balance sheet. Moreover, the profitability ratio of the unions revealed that the agricultural cooperative unions are efficient to make profit but the margin of profit is below 25% that cannot make the union successful to cover all the incidental costs that are borne within short and long-term periods. The OLS model revealed that quick, fixed asset turnover, total asset turnover, inventory turnover and gross profit margin ratios are significantly and positively affecting ROA. As a result, the researchers recommend that the agricultural cooperative unions are expected to improve its effective and efficient management of the day to day activities of the union. Furthermore, the unions are expected to higher managers who have the caliber to manage each and every activities of the union and who are visionary to bring success for the unions.

scholarly journals Analysis of Company Financial Performance Perum Jasa Tirta

2020 ◽  
Vol 3 (3) ◽  
pp. 25-31
Author(s):  
Yuli Agustina ◽  
Wita Ryani Juniar ◽  
Heri Pratikto ◽  
Ely Siswanto
Keyword(s):  
Financial Performance ◽  
Financial Statement ◽  
Financial Ratios ◽  
Analysis Method ◽  
Excellent Performance ◽  
Financial Statement Analysis ◽  
Poor Condition ◽  
Activity Ratios ◽  
Profitability Ratios

The purpose of this study is to determine the financial performance of Perum Jasa Tirta I Malang-East Java for the period 2009-2018. This type of research used in this study is a description and the method used to measure financial performance is one of the methods of financial statement analysis. The financial statement analysis method involves several financial ratios namely liquidity ratios, leverage, activity and profitability and is measured based quantitatively data. The results showed that: Information on financial performance is needed in maintaining the company's existence; this is evident from the results Financial performance of Perum Jasa Tirta I, as seen from profitability ratios and leverage ratios, showed excellent performance even though profitability ratios and activity ratios are known to be in poor condition.

scholarly journals Çeltik Üreticileri Birliklerinin Mevcut Durumu ve Finansal Performans Analizi

2015 ◽  
Vol 3 (9) ◽  
pp. 721
Author(s):  
Faruk Adıgüzel ◽  
Nuray Kızılaslan
Keyword(s):  
Financial Performance ◽  
Audit Committee ◽  
Participation Rate ◽  
Financial Statement ◽  
Ratio Analysis ◽  
Analysis Techniques ◽  
Rice Farmers ◽  
External Resource ◽  
Single Rice ◽  
Questionnaire Method

The aim of this study is to determine the current situation and to analyze financial performance of rice farmers associations. The data obtained with the questionnaire method from a single rice farmers association selected as purposeful constitute material of the research. First, a general assessment of the association was conducted, and then, the financial performance of the association was analyzed using Financial Statement Analysis, Percentage Method, Trend Analysis and Ratio Analysis techniques with the aid of financial statement and income chart for the period of 2011-2013. As a result, it is determined association was founded in 2006, have a total of 220 active members and 10 women members in district and 18 villages and two university graduate staff. In addition, management and audit committee members are men, middle-aged, and primary or secondary graduated. The participation rate of members in general assembly is high. The important problems of the association are lack of solidarity among members and irregular payment of membership’s fee. In the period under investigation, decreased use of external resource, strengthening equity and increased profitability in the association were determined. It is possible to develop association as financial statue with positive relationships between association and members and activation of association in terms of marketing.

scholarly journals Using A Project/Case Study To Teach Financial Statement Analysis In The Introductory Business Finance Course

2011 ◽  
Vol 4 (1) ◽  
pp. 91
Author(s):  
John T. Rose
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Financial Statements ◽  
Financial Statement ◽  
Complete Picture ◽  
Financial Statement Analysis ◽  
Microsoft Excel ◽  
Introductory Course ◽  
The Past

This study presents a project, written in the form of a case study and accompanied by a Microsoft Excel template, to be assigned to an introductory course in business finance. The objective is to give introductory finance students an application of financial statement analysis beyond that provided by the typical end-of-chapter problems. The project is designed to enable students to link together the information provided by the several analytical toolscommon size financial statements, analytical ratios, and the cash flow statementand so obtain a complete picture of a firms financial performance over the past several years and relative to the average firm in the industry.

scholarly journals Financial Statement Analysis of ONGC LTD. with reference to: Horizontal Analysis & Common Size Analysis

2013 ◽  
Vol 1 (2) ◽  
pp. 215-225
Author(s):  
Mayur Rao
Keyword(s):  
Capital Structure ◽  
Financial Statements ◽  
Financial Statement ◽  
Size Analysis ◽  
Financial Statement Analysis ◽  
Liquid Asset ◽  
Fixed Assets ◽  
The World ◽  
Illiquid Assets

ONGC was ranked at 171th position in Forbes Global 2000 list of the worlds‘ biggest companies for 2012. ONGC has grown multifold to become one of the largest Exploration & Production (E&P) companies in the world. The financial statement Analysis of ONGC for 2012 as compared to 2011 will reveal many things.The present paper focuses on comparison of financial statements of ONGC for 2011 & 2012 with Horizontal & Common size analysis. Main objective is to identify various reasons of increase or decrease in variables of financial statements esp. Profit at varied stages, and to conclude financial position.It was found from study that ONGC modifies its capital structure in 2012, by sourcing out more and more funds from own equity. ONGC‘s investment is increased in fixed assets and decreased in liquid asset in 2012 as compared to 2011, concluding much money blockage in illiquid assets. Still ONGC gets nice increase of PAT, which satisfies shareholders & Investors.

scholarly journals Using A Project/Case Study To Teach Financial Statement Analysis In The Introductory Business Finance Course

2011 ◽  
Vol 4 (3) ◽  
pp. 1
Author(s):  
John T. Rose
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Financial Statements ◽  
Financial Statement ◽  
Complete Picture ◽  
Financial Statement Analysis ◽  
Microsoft Excel ◽  
Introductory Course ◽  
The Past

This study presents a project, written in the form of a case study and accompanied by a Microsoft Excel template, to be assigned to an introductory course in business finance. The objective is to give introductory finance students an application of financial statement analysis beyond that provided by the typical end-of-chapter problems. The project is designed to enable students to link together the information provided by the several analytical toolscommon size financial statements, analytical ratios, and the cash flow statementand so obtain a complete picture of a firms financial performance over the past several years and relative to the average firm in the industry.

scholarly journals Analisis Rasio Likuiditas dan Profitabilitas untuk Menilai Kinerja Keuangan pada PT TASPEN (Persero)

2019 ◽  
Vol 14 (2) ◽  
pp. 75-89
Author(s):  
Miki Indika ◽  
Anggia Syafitri
Keyword(s):  
Data Analysis ◽  
Financial Performance ◽  
Quantitative Data ◽  
Financial Statement ◽  
Current Ratio ◽  
Analysis Techniques ◽  
Turnover Ratio ◽  
Earnings Per Share ◽  
Net Profit ◽  
Profitability Ratios

The purpose of this study is to assess the financial performance of PT TASPEN (Persero) assessed from the Analysis of Liquidity Ratios and Profitability Ratios. The data used in this study are quantitative data, namely financial statement data for the last three years from 2015 to 2017. Analysis of the data used is quantitative analysts by presenting tables, graphs or numbers, with the data analysis techniques used, namely data analysis techniques manually. The results of this study indicated that the company's financial performance was assessed from the level of liquidity in unfavorable conditions, this is because the current ratio, cash ratio, and debt turnover ratio were below the industry average, and when viewed from the profitability ratio the company was almost good , where the results of the calculation of the ratio of net profit margin, ROI, ROA, and earnings per share continued to increase even though the value of the ratio was still below the industry average.

scholarly journals Analisis Kinerja Keuangan Pada Industri Property dan Real Estate Serta Kontribusinya Terhadap Pendapatan Negara Dari Sektor Pajak

2020 ◽  
Vol 8 (2) ◽  
pp. 227-236
Author(s):  
Veren Ferina ◽  
Amrulloh Amrulloh
Keyword(s):  
Real Estate ◽  
Financial Performance ◽  
Global Economy ◽  
Stock Exchange ◽  
Financial Statements ◽  
Health Condition ◽  
Financial Statement ◽  
Financial Statement Analysis ◽  
Financial Condition ◽  
The Government

The global economy is currently experiencing a shocking crisis.  Many people, particularly   entrepreneurs, are affected by this condition. This compels companies in Indonesia  to maintain their  good performance in order to be able to compete and  survive. Company performance can be identified  and assessed through analysis on the company's financial statements. The financial statements  consist of the Statement of Financial Position, the Profit and Loss Statement, the Equity Change Report, the Cash Flow Statement, and the Notes to Financial Statements. With the analysis of financial statements, the performance of an enterprise can be assessed by performing  a mathematical calculation of the items in the financial statements. In addition to examining the company's performance, financial statement analysis can also predict the company's financial condition in the future. It also serves as the source of  information about the company's health condition. This financial statement analysis is very useful as information for various parties, such as the government, investors, and other users of financial statements to assess the financial condition of a company.             The purpose of this study was to determine the financial performance of property and real estate companies as well as their contributions to the state from the tax sector. The research was conducted  by taking financial statements from property and real estate companies listed on the Indonesia Stock Exchange in 2016-2018.   The results show that the property and real estate companies with  the best financial performance was Bumi Serpong Damai Tbk. In terms of contributions made by companies from the tax sector, Pakuwon Jati Tbk has contributed increasingly  consistent every  year. However,  if seen from its financial performance, Bumi Serpong Damai Tbk has the best performance and good tax contributions. Key words :Analysis of Financial Performance and Tax Contributions.

PERANAN ANALISIS LAPORAN KEUANGAN DALAM MENGEVALUASI KINERJA KEUANGAN PERUSAHAAN PADA PT. BANK JABAR BANTEN Tahun 2007 – 2009

2019 ◽  
Vol 8 (01) ◽  
pp. 99
Author(s):  
Yuli Anwar
Keyword(s):  
Financial Performance ◽  
Ratio Analysis ◽  
Short Term ◽  
Fixed Asset ◽  
Financial Ratio ◽  
Accounts Receivable ◽  
Financial Ratio Analysis ◽  
Fixed Assets ◽  
Asset Turnover ◽  
Solvency Ratio

The purpose of this study was to determine the financial performance of PT Bank Jabar Banten in 2007 - 2009 using a comparison and analysis of financial ratio analysis. The results obtained, the conditions seen from the company 's liquidity position : the current ratio in 2009 decreased because although the amount of current assets increased during the year, but the amount of current liabilities for the year also increased, indicating that the measurement is easy and fast to join the new amount of cash and other current assets by current liabilities. This means that when the securities are sold and accounts receivable payments can be received, then the bank can repay its short-term liabilities. Conditions views of the company 's solvency position, although there is a decrease and an increase in the solvency ratio, but the changes are not so significant or can be said to be relatively stable. This could indicate that the company 's financial performance is good enough to settle its debts - debts. Condition when viewed from the position of company activity , fixed asset turnover and working capital turnover continues to increase each year due to an increase in the side that tends to balance income and fixed assets. Keywords : financial performance, liquidity position, solvency, activity position. 

scholarly journals ANALISIS KINERJA KEUANGAN PERUSAHAAN MENGGUNAKAN ANALISIS RASIO KEUANGAN DAN COMMON SIZE (Studi PT. Sekar Bumi Tbk. , PT. Sekar Laut Tbk. dan PT. Mayora Indah Tbk. Periode 2011 - 2014 periode 2011 - 2014)

2017 ◽  
Vol 2 (02) ◽  
Author(s):  
Nur Indah Lupitasri ◽  
Cholis Hidayati
Keyword(s):  
Financial Performance ◽  
Consumer Goods ◽  
Financial Statements ◽  
Financial Statement ◽  
Financial Ratios ◽  
Size Analysis ◽  
Financial Statement Analysis ◽  
Activity Ratios ◽  
Profitability Ratios ◽  
Average Average

ABSTRACTPT. Sekar Bumi Tbk. PT Sekar Laut, Tbk. and PT Mayora Indah Tbk is some food company that manufactures and sells consumer goods - day. The three companies are competing to increase its profit and to conduct its business expansion. Is inseparable from the three companies that are required to assess each year whether the financial statements are already meet the standard conditions of the financial performance of companies using financial statement analysis. For that conducted research at PT. Sekar Bumi Tbk. PT Sekar Laut, Tbk. and PT Mayora Indah Tbk with the aim of analyzing the results of the company's financial performance when seen from the analysis of the financial statements of these companies. The financial statements of the three companies are measured using financial ratios of liquidity ratios, activity ratios, solvency ratios and profitability ratios as well as using common size analysis. From the analysis conducted is as follows ratio of the financial statements. Sekar Bumi Tbk. PT Sekar Laut, Tbk. and PT Mayora Indah Tbk shows the average - average financial performance is good. Keyword: Financial Statement Analysis, Financial Performance

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