Intersectoral investigation of cash flow patterns

Abstract

Companies from two different industries, cement and textile, are selected and analyzed by means o f cash flow patterns in order to find out whether there exists a similarity between the two sectors. Investigation of the intersectoral cash flow patterns of the two domestic industries constitutes 26 companies whose securities are currently traded in Istanbul Stock Exchange Market ( ISE ). 13 out o f 26 companies are belong to cement sector and rest are belong to textile sector. Data are analyzed and calculated in spreadsheet program that is provided by ISE. The type o f the files in the spreadsheet program is Lotus 123 Wk. Data covers the period 1990 - 1994 ( annually). These cash flow patterns are searched using the subsections o f cash flow from operational, cash flow from investment, and cash flow from financing activities. Although the result of this study shows that there is not a similarity between the two industries in terms o f cash flow patterns, it gives an insight for the financial and economical prospects o f cement and textile industries.