Determination of Significant Financial Ratios That May Influence Business Stock Performance

İn this research article, the determination of financial ratios that are significant on the stock market performance of manufacturing firms has been studied. For this purpose, 89 manufacturing companies were included in the analysis. Panel data analysis and annual data for 2013-2018 are used. In the study, market value-book value was taken as dependent variable. Liquidity ratio, current ratio, receivable turnover rate, asset turnover rate, stock turnover rate rate, short-term debts / long-term debts, interest and pre-tax profit / interest expense, asset return rate and return on equity were included as independent variables. The return on assets, which is one of the significant variables, positively affects the stock market performance of the manufacturing companies. The liquidity ratio, credit turnover rate and return on equity rates negatively affect the stock market performance of the manufacturing companies. It has the highest coefficient active return in the findings, while it has the lowest coefficient turnover rate. According to the findings obtained, it was find out that the variables of current ratio, inventory turnover, short-term debts / long-term debts, asset turnover, interest and pre-tax profit / interest expense did not affect the stock market performance of manufacturing enterprises.

Keywords

Stock Market Performance, Book To Market Value, Panel Data, Financial Ratios