@article{2017,title={Financial Analyze of Cement Companies Which Are Being Traded in BIST-100 By Using Altman-Z Score Method},abstractNode={Measuring financial performance of companies is one of the methods for estimating companies’ futures. After the measurement, companies with financial failure may not bankrupt but there is a possibility for a company to bankrupt if they have poor financial report. As it can be seen, bankruptcy is the final step of financial failure. This shows the necessity of future estimatings is very important. In this study; financial performances of the companies traded in Istanbul stock market are analzed using Altman-z score method. The purpose of this study is estimating the financial failure of cement companies which are being traded in BIST. In the first part of the study, there are briefings for cement sector. In the second part of the study, Altman-z score method is explained. In the third part of the study that is the final part, there are datas of the last 5 years of 4 cement companies traded in BIST. In the study, probability of financial bankruptcy of companies are examined through using balance-sheets and income tables from 2015, 2014, 2013, 2012, 2011. Comparing the Z score values of companies, there are interpretations for possibility of bankruptcy and being in safe, gray or complication area for a company.},author={Umut Tolga GÜMÜŞ-& Elif BİLGE & Gökhan ÖZDEMİR & Gözde SARAK},year={2017},journal={Journal of Academic Value Studies (JAVStudies)}}