FINANCIAL PERFORMANCE IN THE ELECTRONIC COMMUNICATION SECTOR IN TURKEY: AN EVALUATION WITH RATIO ANALYSIS

Zeyno Konca

Abstract


This study evaluates the financial performances of Turkcell, Türk Telekom, Kron Teknoloji, Alcatel-Lucent Teletaş and Netaş Telecommunication companies traded on Borsa Istanbul between 2019 and 2023 using the ratio analysis method. The electronic communications sector has a strategic importance in terms of digital transformation and infrastructure investments. By analyzing the companies' key financial indicators such as profitability, liquidity, operating efficiency and financial structure, their position in the sector and financial sustainability are comparatively examined. The findings show that Türk Telekom and Turkcell have reduced their debt burdens, Kron Teknoloji has fluctuated in terms of profitability, Alcatel offers a strong financial structure with low debt ratios, while Netaş has high indebtedness ratios. The study provides important insights into the financial health and competitive dynamics of companies operating in the sector.

 

JEL: G30, G32, M41


Keywords


finance, financial performance, ratio analysis, electronic communication sector, BIST

Full Text:

PDF

References


Akdoğan, N., & Tenker, N. (2001). Finansal Tablolar ve Mali Analiz Teknikleri (7th ed.). Gazi Kitabevi.

Akgüç, Ö. (1995). Mali Tablolar Analizi (9th ed.). Avcıol Basım-Yayın.

Aslan, T., & Yılmaz, E. (2018). Oran analizi yöntemi ile konaklama ve yiyecek hizmetleri alt sınıfındaki küçük, orta ve büyük ölçekli işletmelerin finansal performanslarının karşılaştırmalı analizi. Ida Academia Muhasebe ve Maliye Dergisi, 1(2), 3652.

Beller Dikmen, B. (2021). Elektrik Enerjisi Sektörünün Finansal Performanslarının Oran Analizi Yöntemi İle İncelenmesi (Analysis of the Financial Performances of the Electric Energy Sector Using the Ratio Analysis Method). Journal of Business Research - Turk, 13(1), 912–926. https://doi.org/10.20491/isarder.2021.1174

Çabuk, A. (2019). Finansal Tablolar Analizi (A. Çabuk, A. A. Karagül, C. Erol, A. B. Başar, Ş. Sevim, & Ö. Sayılır, Eds.; pp. 46–80). Anadolu Üniversitesi.

Çabuk, A., & Lazol, İ. (2002). Mali Tablolar Analizi (1st ed.). Vipaş A.Ş.

Delen, D., Kuzey, C., & Uyar, A. (2013). Measuring firm performance using financial ratios: A decision tree approach. Expert Systems with Applications, 40(10), 3970–3983. https://doi.org/10.1016/j.eswa.2013.01.012

Deloitte. (2023, December). Alcatel-Lucent Teletaş Telekomünikasyon A.Ş Yönetim Kurulu Faaliyet Raporu.

Elmas, B. (2016). Finansal Tablolar Analizi (2nd ed.). Nobel Akademik Yayıncılık.

Erdemir, N. K. (2019). Finansal Analiz Teknikleri. In F. Karasioğlu & N. K. Erdemir (Eds.), Mali Tablolar Analizi. Eğitim Yayınevi.

İskenderoğlu, Ö., Karadeniz, E., & Ayyıldız, N. (2015). Enerji Sektörünün Finansal Analizi: Türkiye ve Avrupa Enerji Sektörü Karşılaştırması. İşletme ve İktisat Çalışmaları Dergisi, 3(3), 86–97.

Kron Teknoloji A.Ş. (2025, February 11). Yatırımcı İlişkileri.

Liu, H., Wang, Y., He, D., & Wang, C. (2020). Short term response of Chinese stock markets to the outbreak of COVID-19. Applied Economics, 52(53), 5859–5872. https://doi.org/10.1080/00036846.2020.1776837

Matdio Siahaan, Sipahutar, M., Sinambela, T. R., Pardede, P., Naibaho, P., & Pasaribu, R. (2023). Financial Ratio Analysis to Measure Financial Performance of Cum Anugerah Bekasi Cooperative. International Journal of Professional Business Review, 8(7), e02371. https://doi.org/10.26668/businessreview/2023.v8i7.2371

Netaş Telekomünikasyon A.Ş. (2025, February 10). Yatırımcı İlişkileri.

Say, S. (2022). Haberleşme Sektöründe Faaliyet Gösteren İşletmelerin Finansal Tablolarının Oran Analizi Yöntemiyle Değerlendirilmesi. In Ş. Karabult (Ed.), İşletme Biliminde Muhasebe, Pazarlama ve Organizasyon Konuları (1st ed., pp. 197–208). Ekin Basım Yayın Dağıtım.

Türk Telokomünikasyon A.Ş. (2025, February 10). İlk Bakışta Türk Telekom.

Turkcell İletişim Hizmetleri A.Ş. (2025, February 10). Hakkımızda.

Yenisu, E. (2019). Finansal Tabloların Oran Analizi ile İncelenmesi: ADESE Örneği. Aksaray Üniversitesi Sosyal Bilimler Enstitüsü Dergisi (ASED) , 3(1), 19–45.

Yoloğlu, Z. (2021). Finansal Performansın Oran Analizi ile Ölçülmesi: Teknoloji Sektöründe Faaliyet Gösteren Firmalar Üzerine Ampirik Bir Uygulama. Bulletin of Economic Theory and Analysis, 6(2), 27–53.

Yücel, S., & Arslan, H. M. (2021). BIST’de İşlem Gören Haberleşme Firmalarının Finansal Performanslarının Swara-Promethee Hibrit Yöntemi İle Değerlendirilmesi. Finans Ekonomi ve Sosyal Araştırmalar Dergisi, 6(4), 663–681.




DOI: http://dx.doi.org/10.46827/ejefr.v8i8.1920

Refbacks

  • There are currently no refbacks.


Copyright (c) 2025 Zeyno Konca

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

The research works published in this journal are free to be accessed. They can be shared (copied and redistributed in any medium or format) and\or adapted (remixed, transformed, and built upon the material for any purpose, commercially and\or not commercially) under the following terms: attribution (appropriate credit must be given indicating original authors, research work name and publication name mentioning if changes were made) and without adding additional restrictions (without restricting others from doing anything the actual license permits). Authors retain the full copyright of their published research works and cannot revoke these freedoms as long as the license terms are followed.

Copyright © 2016 - 2026. European Journal of Economic and Financial Research (ISSN 2501-9430) is a registered trademark of Open Access Publishing Group. All rights reserved.

This journal is a serial publication uniquely identified by an International Standard Serial Number (ISSN) serial number certificate issued by Romanian National Library. All the research works are uniquely identified by a CrossRef DOI digital object identifier supplied by indexing and repository platforms. All the research works published on this journal are meeting the Open Access Publishing requirements and standards formulated by Budapest Open Access Initiative (2002), the Bethesda Statement on Open Access Publishing (2003) and  Berlin Declaration on Open Access to Knowledge in the Sciences and Humanities (2003) and can be freely accessed, shared, modified, distributed and used in educational, commercial and non-commercial purposes under a Creative Commons Attribution 4.0 International License. Copyrights of the published research works are retained by authors.