Table 4

Evaluation criteria and purpose for TOPSIS results

VariablesPurpose
ROAMaximum
ROEMaximum
EBITMMaximum
Tobin’s QMaximum
CHLMinimum
NCAFOTAMaximum
CAFORMaximum
CIEMaximum
CASH2Maximum
CO2PCMinimum
CO2IntensityMinimum
ARTAMinimum
APTAMinimum
GWCMinimum
NWCMaximum
LiquidRMaximum
CurrentRMaximum
CASHRMaximum
TAMaximum
LEVERAGMinimum
Source(s): Composed by authors. Proceed data, 2025

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