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The Testing of The Quality in Earnings Per Share With Operational Net Cash Flow and The Example of The Stocks in İMKB Commercial Index

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  • Orkun İçten

Abstract

Earnings Per Share, which is the one of the main financial criteria for investors, can present an actual result about the financial performance of the enterprice for the investors only if it is in quality. The Quality in Earnings Per Share means that the number presents to investors what the company actually earned. In this viewpoint, Net Operational Cash Flow Per Share could be an important tool in the testing of the quality of Earnings Per Share. Because net income is open to manipulations while it is harder in the statement of cash flow. The differentiation between two data gives us an opinion about cash generating power, success in management of working capital and financial failure risk of a company. In this article, The Causes of the differentiation between two data and the reason of why Net Operational Cash Flow Per Share could be more accurate financial data as a performance criteria have been explained. In the sampling of the testing of the quality of Earnings Per Share of listed companies in Turkey, Stokcs in IMKB Commercial Index have been selected and analysed and the results have been evaluated.

Suggested Citation

  • Orkun İçten, 2013. "The Testing of The Quality in Earnings Per Share With Operational Net Cash Flow and The Example of The Stocks in İMKB Commercial Index," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 28(98), pages 49-65, January.
    • Handle: RePEc:acc:malfin:v:28:y:2013:i:98:p:49-65
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