Table 3 Performance indicators, formulas, and references
Indicators | Code | Min/Max | Formulas | References |
|---|---|---|---|---|
Current ratio | C1 | Max | Current assets/Current liabilities | Wu et al. (2022) |
Acid-Test ratio | C2 | Max | (Current assets–Inventories)/Current liabilities | Akyüz and Bilgiç (2016) |
Debt ratio | C3 | Min | Total Debts/Total Assets | Abdel-Basset et al. (2020) |
Asset turnover | C4 | Max | Net Sales Revenue/Average Total Assets | Abdel-Basset et al. (2020) |
Stock Turnover | C5 | Max | Stock holding period = Avg. level of stock × 12 / Annual Sales (Turn Over) | Roy and Shaw (2021) |
Ebitda | C6 | Max | Operating profit + Depreciation + Amortization | Öztürk (2017) |
Net profit margin | C7 | Max | Earnings After Taxes / Sales | Moghimi and Anvari (2014) |
Return on equity | C8 | Max | Net income / Average shareholders' equity | Wu et al. (2022) |
Stock Return | C9 | Max | Rt = (P(t) − P(t−1))/P(t−1) | Baydas and Pamucar (2022) |