CASH FLOW ANALYSIS OF BUSINESSES WITH THE CASH FLOW OPERATIONS MODEL: A STUDY ON THE BUSINESSES IN THE BIST TOURISM INDEX

Abstract

Cash flow statements are statements in which cash flows are reported in detail in terms of sources and places of use. Cash flow statements, which have been frequently used in the analysis processes of businesses in recent years, facilitate the decision-making processes of financial information users and expand the content of the analysis. Within the scope of the study, 5-year cash flow statements covering the years 2017-2021 of 7 tourism enterprises traded in BIST 100 were examined and Gup et al. (1993). A positive (+) negative (-) evaluation was made regarding the direction of the data, without considering the numerical sizes of the items. As a result of the study, cash flows to Model 2 (+,-,-) successful business, Model 3 (+,+,-) declining restructuring, and Model 4 (+,-,+) growing business profiles were observed. At the same time, no establishments suitable for Model 1(+,+,+) and Model 5 (-,+,+,) profiles were found in the study.