An Assessment of the Financial Performance of Hospital Services Sub-Sector in Turkey by Ratio Analysis Method

Abstract

The present study made use of the sector balance sheets of “Q-861 Hospital Services Sub-Sector” for the years 2015–2020, which was recently published by the Central Bank of the Republic of Turkey (TCMB), which maintains the largest financial data on the hospital services sub-sector. The 6-year time period above was selected for the purposes of the study on the grounds that TCMB published the most up-to-date sector balance sheets for the said timeframe. The present study also aimed to investigate the financial structure of the hospitals operating in this sector in Turkey prior to the COVID-19 pandemic across the world. In general, ratio analysis, parametric, and non-parametric methods are used to measure the performance levels of hospital enterprises. The present study employed ratio analysis, a financial analysis method to assess the performance levels thereof. The financial performance of the sector was assessed in the study using 15 criteria, including liquidity, financial, activity, and profitability ratios. © 2023, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.