ISSN: 2225-8329
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The food service industry has a significant impact on society and plays a crucial role in expanding economic opportunities. Performance evaluation is essential for this industry in a highly competitive environment to enhance organizational decision-making. This study aims to propose a conceptual framework using the TOPSIS model to evaluate and rank the financial performance of food companies in Malaysia. Key financial ratios such as current ratio, return on equity, profit margin, debt to equity ratio, earnings per share, dividend yield, and price earnings ratio are employed. The study holds significance as it provides a means to assess the financial performance of the food service industry in Malaysia using the proposed conceptual framework and TOPSIS model. The findings of this research highlight that NESTLE emerges as the top-performing company among the studied companies, being the closest to the ideal solution. This paper emphasizes the importance of evaluating, comparing, and ranking the financial statuses of food service companies in Malaysia utilizing the TOPSIS model. The significance of this study lies in its ability to assess the financial performance of the food service industry in Malaysia through the proposed conceptual framework using the TOPSIS model.
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(Azhar & Rahim, 2024)
Azhar, F. W., & Rahim, Z. H. A. (2024). Evaluating Financial Performance of Food Service Companies: A TOPSIS-based Approach. International Journal of Academic Research in Accounting Finance and Management Sciences, 14(1), 173–182.
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