Implementation of Financial Statement Analysis: The Case of 5 Star Hotel in TRNC
| Autor: | DİKBAŞ, Onur, ÇAĞLAR, Dilber |
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| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: | |
| Zdroj: | Volume: 8, Issue: 3 1-20 Sosyal Bilimler Araştırma Dergisi |
| ISSN: | 2147-5237 |
| Popis: | The aim ofthis study is to analyse the financial statements of a 5-star hotel and casinomanagement company, which is a leader in tourism sector that is the leadingsector of TRNC economy and to evaluate whether or not the company is runappropriately. In the study, firstly, we loosely analysed the concept offinancial analysis subject. After that, we applied Vertical Analysis onfinancial statement of year 2018, Horizontal Analysis to financial statementsof years 2017 and 2018, Trend Analysis to financial statements of years between2014 and 2018 and Ratio Analysis to financial statements of years 2017-2018 ofthe hotel and casino management business. As a result of the financial analysisconducted in the study, we have found the following results: · It has been found that the liquidity of the company cansatisfy and pay short term debts and liabilities of the company and it is atthe level that the company can easily acquire credits if necessary.· As the company has stated operating and balance margin,set net and gross margins at a high level for five years consecutively, thisindicates that the company is sustaining operation with profitability supply,it uses assets efficiently and beneficially, the company is run wellfinancially. We can understand why this company is a leader in its sector.· As the company did not distribute the profits of pastyears in its equities to partners and left them in the company (auto financing)and used these profits for increasing capital, this increase can be seen afteryears.Key Words:TRNC Economy, Hotel and Casino Management Businesses, Financial Analysis andTechniques |
| Databáze: | OpenAIRE |
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