Assets turnover of the largest Russian bakery and confection producers

ranking 23/05/2018

Information agency Credinform prepared a ranking of the largest Russian bakery and confection producers. Companies with the highest volume of revenue (TOP-10) were selected for this ranking according to the data from the Statistical Register for the latest available periods (2016 and 2015). The enterprises were ranked by assets turnover ratio (Table 1). The analysis was based on data from the Information and Analytical system Globas.

Assets turnover is sales revenue to the average total assets for the period. This indicator is included in the group of activity ratios and shows the efficiency of all available resources despite of their source. The ratio indicates the number of profitable full cycles of production and turnover per year.

Taking into account the actual situation both in economy in general and in the sector, the experts of the Information agency Credinform have developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios, which can be recognized as normal for a particular industry. The practical value of assets turnover ratio for bakery and confection producers in 2016 is from 1,79 and from 1,38 times respectively.

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

**Table 1. Net profit, revenue, assets turnover ratio and solvency index Globas of the largest Russian bakery and confection producers (TOP-10)**
Name, INN, region	Revenue, mln RUB		Net profit, mln RUB		Assets turnover ratio, times		Solvency index Globas
Name, INN, region	2015	2016	2015	2016	2015	2016	Solvency index Globas
1	2	3	4	5	6	7	8
LLC FAZER INN 7810356819 Saint-Petersburg Production of bread and pastry	10 154	18 57	-300	812	1,77	3,11	175 Superior
JSC KARAVAY INN 7830000360 Saint-Petersburg Production of bread and pastry	8 600	8 947	98	-138	3,04	2,96	221 Strong
LLC KELLOGG RUS INN 3661048688 Voronezh region Production of rusks, cookies and other rusk bakery products; pastry, cakes, biscuits, pies and sponge-cakes of long shelf life	8 291	10 471	-1 394	-169	2,23	2,57	273 Medium
JSC KHLEBPROM INN 7448027569 Chelyabinsk region Production of rusks, cookies and other rusk bakery products; pastry, cakes, biscuits, pies and sponge-cakes of long shelf life	10 049	11 498	108	384	2,06	2,37	201 Strong
LLC MON'DELEZ RUS INN 3321020710 Vladimir region Production of chocolate and sugary confection	58 590	56 862	576	1 152	2,13	2,31	232 Strong
JSC FERRERO RUSSIA INN 5044018861 Vladimir region Production of chocolate and sugary confection	33 623	38 418	2 839	4 300	1,63	1,75	146 Superior
LLC BARRY CALLEBAUT NL RUSSIA INN 5048014441 Moscow region Production of cocoa, chocolate and sugary confection	6 437	6 952	1 012	908	1,83	1,55	176 High
LLC MARS INN 5045016560 Moscow region Production of chocolate and sugary confection	93 951	102 581	14 669	16 717	1,03	1,02	190 High
LLC KDV YASHKINO INN 4246006730 Kemerovo region Production of rusks, cookies and other rusk bakery products; pastry, cakes, biscuits, pies and sponge-cakes of long shelf life	9 698	10 089	159	30	1,00	0,90	253 Medium
PJSC BABAEVSKY CONFECTIONERY CONCERN INN 7708029391 Moscow Production of chocolate and sugary confection	9 853	9 535	719	245	0,68	0,67	200 Strong
Total for TOP-10	249 247	273 609	18 485	24 242
Average value for TOP-10 companies	24 925	27 361	1 849	2 424	1,74	1,92
Average value for confectionery production	846	881	47	52	1,31	1,38
Average value for bakery production	75	78	1	2	1,80	1,79

Average value of assets turnover ratio for TOP-10 is above the industry average. Compared to the previous period, two companies in TOP-10 have increased revenue and net profit figures (marked with green in columns 2 — 5 of Table 1). The rest of companies decreased revenue or net profit, or have losses (filled with red in columns 2 — 5 of Table 1).

Picture 1. Assets turnover and revenue of the largest Russian bakery and confection producers (TOP-10)

The average industry indicators of assets turnover ratio over the past 10 years have a trend to decrease (Picture 2).

Picture 2. Change in average industry values of assets turnover ratio of the largest Russian bakery and confection producers in 2007 — 2016