Review article
https://doi.org/10.31217/p.38.2.11
Analysing the Financial Ratios of the Companies in the Maritime Industry with Multivariate Statistical Techniques
Emrah Akdamar
; Bandirma Onyedi Eylul University, Bandırma, Balıkesir, Turkey
Ömür Kızılgöl
; Bandirma Onyedi Eylul University, Bandırma, Balıkesir, Turkey
Abstract
This study aims to glance at the shipping sector in terms of financial ratios. To this end, 23 financial ratios were collected from each of the 223 companies worldwide and examined by factor analysis. Seven factors were spotted explaining 85% of the total variance. Subsequently, multidimensional scaling was conducted to analyse the sector on these seven factors. The findings demonstrate
profitability ratios as the biggest source of variability and as the reason for the differences among companies. The findings also show that the profitability ratios can be used for monitoring, early warning or decision making purposes for the shipping sector.
Keywords
Financial ratios; Water transport and shipping sector; Factor analysis; Multidimensional scaling analysis
Hrčak ID:
324457
URI
Publication date:
19.12.2024.
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