Analysis of the Profitability Levels of Companies Operating in the Mining and Quarrying Sector

Abstract

Purpose – In this study, the profitability levels of the companies traded in the Mining and Quarrying sector were analyzed. It is also aimed to compare and rank the profitability levels. Design/methodology/approach- The study was analyzed with the CoCoSo method, one of the multi-criteria decision-making techniques. Financial data between 2019 and 2023 were used and converted into financial ratios with the help of various formulas. The study is based on the data of five companies. In addition, five criteria were used. Findings – Although the profitability levels and rankings of the companies differed according to the years, it was determined that the results were the same in general. It was determined that the profitability level of the company coded KOZAL was the best between 2019-2021. It was determined that the profitability level of the company coded CVKMD was the worst between 2019-2021. Discussion - The Mining and Quarrying sector has a very important social, economic and environmental importance for Turkey. Economically, it supports domestic production. It contributes greatly to exports and contributes greatly to foreign currency inflow to the country. It reduces external dependency by using domestic resources. Profitability levels are very important for companies to grow and be sustainable. Profitability levels have another importance for companies. Changing competition conditions and the fact that global companies are constantly in a superior position make profitability even more important. The fact that no study using the CoCoSo method has been conducted in the literature in this sector reveals the originality of the study.