TOP-10 food industry enterprises in Novosibirsk by asset coverage ratio

ranking 12/07/2021

Information agency Credinform has prepared a ranking of food industry enterprises in Novosibirsk. Companies engaged in manufacture of food products and beverages (TOP-10) in terms of annual revenue were selected according to the data from the Statistical Register and the Federal Tax Service for the available periods (2018 - 2020). Then the companies were ranged by asset coverage ratio (Table 1). The selection and analysis of companies were based on the data from the Information and Analytical system Globas.

Asset coverage ratio (x) is calculated as the difference between equity and non-current assets to current assets.

The ratio characterizes the ability of a company to finance current activities only with its current assets. The recommended value of the ratio is > 0.1.

In order to get the most comprehensive and fair picture of the financial standing of an enterprise, it is necessary to pay attention to all the combination of financial indicators and company’s ratios.

Table 1. Net profit, revenue, asset coverage ratio, solvency index Globas of food industry enterprises in Novosibirsk (ТОP-10)
Name, INN, type of activity Revenue, million RUB Net profit (loss), million RUB Asset coverage ratio (x) Solvency index Globas
2019 2020 2019 2020 2019 2020
1 2 3 4 5 6 7 8
INN 5405143630
manufacture of condiments and seasonings
down3 443 up3 835 down611,2 up1 247,2 down0,90 down0,75 155 Superior
INN 5403359641
manufacture of prepared farm animal feeds
down2 212 up2 424 down201,2 down181,8 up0,65 up0,74 273 Medium
INN 5401305707
manufacture of other food products n.e.c.
down2 475 up3 574 up336,1 up670,0 up0,09 up0,36 222 Strong
INN 5407950904
processing and preserving of meat
up3 013 down2 512 up58,0 down45,1 up0,29 down0,16 293 Medium
INN 5405200166
processing and preserving of meat and production of meat products
up13 476 down12 916 down335,3 up362,5 up0,34 down0,03 205 Strong
INN 5433128031
manufacture and preserving of poultry meat
up3 123 up3 245 up2,5 up10,5 down0,03 down0,02 176 High
INN 2222849374
manufacture of mill and grain products
up871 up2 719 up2,5 up58,8 down-0,22 up-0,06 241 Strong
INN 5405495618
manufacture of mill and grain products
up1 950 up2 271 up22,3 down4,4 up-0,13 up-0,08 550 Insufficien
INN 5415100805
manufacture of dairy products
up1 997 up2 304 up32,4 down19,8 up-0,24 up-0,14 221 Strong
INN 5405950881
manufacture of grain flour
up2 609 up2 818 up79,1 up80,6 up-0,50 up-0,19 224 Strong
Average value for TOP-10 companies up3 517 up3 862 down168,1 up268,1 up0,12 up0,16  
Average value for TOP-100 companies up725 up790 up27,8 up39,4 down0,03 up0,10  

вверх improvement compared to prior period, вниз decline compared to prior period

The average value of the asset coverage ratio of TOP-10 in 2020 is above the recommended one and the value for the previous period. In 2019 and 2020 four companies have the negative values. Four companies decreased their value in 2020, whereas in 2019 the decrease was recorded for three companies of TOP-10.

At the same time, in 2020 two companies decreased the revenue and four companies - the net profit. In average, the revenue in TOP-10 increased by 10%, in TOP-100 – by 9%. The profit in TOP-10 increased by 59%, in TOP-100 – by 42%.

In general, during last 5 years, the average industry values of the asset coverage ratio of TOP-10 were negative. The growth was observed during two periods (Picture 1). The best value was registered in 2017, the worst - in 2016.

Picture 1. Change in average industry values of asset coverage ratio of food industry enterprises in 2016 – 2020 Picture 1. Change in average industry values of asset coverage ratio of food industry enterprises in 2016 – 2020