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A Financial Performance Evaluation in the Retail Sector with the MAIRCA and CRITIC Methods

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  • Yunus Emre KAHRAMAN

Abstract

The retail sector is in a constant transformation parallel with economic fluctuations and changing consumer demands. The purpose of this study is to analyze the financial performance of firms in the retail sector between 2014 and 2023 using the CRITIC and MAIRCA methods. While the CRITIC method determines the importance levels of financial indicators of firms, the MAIRCA ranks firms by comparing their annual performances. These analyses aim to identify the leading and declining firms in the sector based on financial indicators such as return on assets, liquidity, productivity, and debt utilization ratios. As a result, Metro Petrol and Tesisleri has maintained its leadership over the years, while firms such as Artemis Halı and Doğan Holding have also been ranked highly, and firms such as Bim Mağazalar and Migros Ticaret have shown more stable performances, thereby improving their rankings in some years. The study aims to contribute to the determination of strategic financial orientations for the retail sector by assessing the strengths and weaknesses of firms in the sector.

Suggested Citation

  • Yunus Emre KAHRAMAN, 2025. "A Financial Performance Evaluation in the Retail Sector with the MAIRCA and CRITIC Methods," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 4.
    • Handle: RePEc:fis:journl:250412
    DOI: 10.25295/fsecon.1675716
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    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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