Türk Turizm Sektörünün Finansal Performansının Dikey Analiz Yöntemiyle İncelenmesi: BİST Turizm Şirketleri ve TCMB Sektör Bilançoları Üzerinde Bir AraştırmaAbstract: The main purpose of this study is to analyze and exhibit the financial performance of tourism companies which publicly traded in Borsa İstanbul (BIST) and to make comparison with tourism company accounts by using vertical analysis method. In this study, it is examined that the financial statements of publicly traded tourism companies in Borsa İstanbul and Central Bank of the Republic of Turkey (CBRT) Accommodation and Food Service Subsector company accounts for 2014 by using vertical analysis method. As a result of analysis, it is determined that BIST tourism companies have more property, plant and equipment than accommodation and food service subsector. In addition, it is determined that tourism companies use mainly equity by financing their property plant and equipment. In the context of income statement, it is specified that tourism companies and subsector have almost same percentage of cost of sales and administrative expenses. Except that, while period profit of subsector %5, three of BIST tourism companies make loss. Besides that other seven tourism company have highly profit margin than accommodation and food service subsector. In this context, it is found that non-operating income or loses have more portion than sales in publicly traded tourism companies by generate profit or loses.Classification-JEL: L83, Z31, Z33

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