Financial performance of the Turkish textile & ready to wear industry for the period between 1986-1994
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Abstract
The Textile & Ready to Wear Industry, with its share of 31.8% among all Turkish Consumption Goods Production and approximately 40% of share among all Turkish Exports clearly plays an important role in the overall Turkish Economy. Therefore the financial performance of such an important industry is worth investigation. Apart from the total industry, analyzing the financial performance of the sectors within the industry is as important in order to understand sector differences. The aim of this study is to analyze the financial performance of the Turkish Textile and Ready to Wear Industry and compare the financial performances of the Textile and Ready to Wear Sectors within the industry for the period between 1986 and 1994. The method that will be used is Ratio Analysis based on four criteria which are leverage, liquidity, profitability and market value.