Evaluation of the Financial Performances of BIST IT Sector by CILOS Based CoCoSo Method

Abstract

Today, companies that are under intense competition have needed to ensure the flow of information, use and store information effectively with the development of technology. Since these needs are met through IT, the IT sector is becoming increasingly important. The formation of many IT companies in the sector requires investors, lending institutions and shareholders to follow the market. In doing so, it is possible to utilize Multi-Criteria Decision Making (MCDM) methods. By using MCDM methods, it is possible to see and evaluate the changes in the financial performance of different companies in the same sector over the years. In this study, it is aimed to evaluate the financial performance of 8 companies that have gained a place in the IT sector in 2021 under 8 criteria. In this evaluation, the criteria weights were determined by the CILOS method, one of the objective criteria weighting methods, and the ranking of the alternatives was done by the CoCoSo method. As a result of the procedures, the most important criterion is K1 Current Ratio and the company with the best performance among the alternatives is A1 FONET. The fact that the two methods chosen are new methods makes the study original.