Equity turnover of the 10 largest Russian enterprises engaged in processing and preserving of fish and seafood

ranking 27/06/2019

Information agency Credinform represents a ranking of the largest Russian enterprises engaged in processing and preserving fish and seafood. The companies with the largest volume of annual revenue (TOP-10) were selected for the ranking, according to the data from the Statistical Register for the latest available periods (2015 - 2017). They were ranked by equity turnover ratio (Table 1). The analysis was based on the data of the Information and Analytical System Globas.

Equity turnover (times) is revenue to the annual average total equity. It reflects the efficiency of the company’s equity management.

The ratio indicates the rate of equity turnover. High value speaks about effective equity management, and the low one is indicative of some equity idleness.

The experts of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in the sectors, has developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios that can be recognized as normal for a particular industry. For fish processing companies, the practical value of equity turnover ratio is from 3,74 times in 2017.

For the most complete and objective view of the financial condition of the enterprise, it is necessary to pay attention to the complex of indicators and financial ratios of the company.

Table 1. Net profit, revenue, equity turnover ratio, solvency index Globas of the largest Russian enterprises engaged in processing and preserving of fish and seafood (TOP-10)
Name, INN, region Revenue, million RUB Net profit (loss), million RUB Equity turnover, times Solvency index Globas
2016 2017 2016 2017 2016 2017
1 2 3 4 5 6 7 8
TORGOVY DOM BALTIISKIY BEREG COMPANY LIMITED
INN 7804500052 Saint Petersburg
up1253 up6185 down38 down-13 down36,45 up207,56 312 Adequate
LLC RUSSIAN FISH WORLD
INN 5074018058 Moscow
up1981 up2296 up17 up94 down54,17 down27,76 191 High
JSC OKEANRYBFLOT
INN 4100000530 Kamchatka territory
In process of reorganization by spin-off since 11.06.2019
down15351 down14464 down3735 down1602 down5,42 up8,17 194 High
JSC FISH PROCESSING PLANT №1
INN 7805024462 Saint Petersburg
up5842 up6359 up80 up145 up7,64 down7,25 201 Strong
LLC VICHUNAI RUS
INN 3911008930 Kaliningrad region
up8716 up9998 down244 up311 up6,23 up7,23 198 High
JSC INDUSTRIAL AND BUSINESS ENTERPRISE MERIDIAN
INN 7713016180 Moscow
down7635 down7493 down323 up654 down6,25 down5,99 212 Strong
FGUP ARKHANGELSKOE AT THE FEDERAL PENITENTIARY SERVICE
INN 3621005430 Saint Petersburg
In process of reorganization in the form of transformation since 21.05.2018
up3343 up3429 up235 up304 up8,37 down5,47 198 High
LLC USTKAMCHATRYBA
INN 4109002780 Kamchatka territory
up2132 up2654 up987 up1294 down1,13 down1,00 171 Superior
JSC OZERNOVSKY FISH CANNING PLANT №55
INN 4108003484 Kamchatka territory
up3532 down3170 up1400 down1047 down1,26 down0,80 174 Superior
JSC RUSSIAN SEA
INN 5031033020 Moscow region
up8801 up10088 up1467 down99 down-6,83 down-18,65 233 Strong
Total for TOP-10 companies up58587 up66136 up8526 down5537    
Average value for TOP-10 companies up5859 up6614 up853 down554 down12,01 up25,26
Industry average value up127 up129 up14 down12 up6,43 down3,74

Up — growth of indicator to the previous period, Down — decrease of indicator to the previous period.

The average indicator of equity turnover ratio of TOP-10 companies is above the industry average and practical values. In 2017, three companies of TOP-10 increased their figures.

Picture 1. Equity turnover ratio and revenue of the largest Russian enterprises engaged in processing and preserving of fish and seafood (TOP-10) Picture 1. Equity turnover ratio and revenue of the largest Russian enterprises engaged in processing and preserving of fish and seafood (TOP-10)

Over the past 10 years, the values of equity turnover ratio have a trend to decrease (Picture 2).

Picture 2. Change in the industry average values of equity turnover ratio of the largest Russian enterprises engaged in processing and preserving of fish and seafood in 2008 – 2017 Picture 2. Change in the industry average values of equity turnover ratio of the largest Russian enterprises engaged in processing and preserving of fish and seafood in 2008 – 2017