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Comparative Study Of Financial Profitability Of Romanian Tourism Companies


  • Maria Daniela BONDOC

    () (Faculty of Economics and Law, University of Pitesti, Romania)

  • Mihaela Iuliana DUMITRU

    () (Faculty of Economics and Law, University of Pitesti, Romania)


The objective of our paper is to examine the performance of companies in the Romanian tourism sector based on profitability indicators and to highlight the possible correlations between them. Financial performance was studied based on the average values of Return on Assets (ROA), Return on Equity (ROE) and Return on Sales (ROS) calculated over a 10-year period. Our analysis is focused on tourism companies listed on the Bucharest Stock Exchange, which obtained net profits throughout the period. The database was built on the annual financial reports for the period 2008-2017, available on the Bucharest Stock Exchange website and on the website of the Ministry of Public Finance.

Suggested Citation

  • Maria Daniela BONDOC & Mihaela Iuliana DUMITRU, 2018. "Comparative Study Of Financial Profitability Of Romanian Tourism Companies," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 17(3), pages 169-176.
  • Handle: RePEc:pts:journl:y:2018:i:3:p:169-176

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    More about this item


    Profitability ratios; Tourism; Financial performance; Quantitative methods; Pearson correlation.;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance


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