Petroleum University of Technology Petroleum Business Review 2645-4726 2 2 2018 05 01 Financial Performance Evaluation of the Gas Distribution Companies of National Iranian Gas Company 2 13 91317 10.22050/pbr.2018.91317 EN Seyed Mohammad Javadi Accounting Department, Tehran Faculty of Petroleum, Petroleum University of Technology Ali Mohammad Ghanbari Accounting Department, Tehran Faculty of Petroleum, Petroleum University of Technology Arsalan Anisi Department of Accounting and Finance, Tehran Faculty of Petroleum, Petroleum University of Technology,Tehran, Iran. Journal Article 2018 02 07 The purpose of this study is to evaluate the financial performance of provincial gas distribution companies as affiliates for National Iranian Gas Company. To this end, we identified financial performance indicators in accordance with the requirements of NIGC through a review of theoretical foundations and interviews with a number of financial and planning experts and then prioritized using the Analytical Hierarchy Process method. These indicators lied in four groups of liquidity, capital structure, profitability and activity criteria, respectively. Then, the weighted indicators were analyzed using TOPSIS technique in Expert-Choice software and the final ranking of the companies was provided. The results showed that based on the identified criteria, provincial gas companies of Hormozgan, Yazd, Markazi, and Kermanshah had a favorable financial performance and Ilam, Mazandaran, Chaharmahal and Bakhtiari and Zanjan provincial gas companies had a weak financial performance with respect to other companies in three years under review and some suggestions have been made in this regard. https://pbr.put.ac.ir/article_91317_33e975d6dfed7f8e7a591f3d37231bd6.pdf