ТОP-10 of refrigerator manufacturers by credit period

ranking 05/02/2021

Information agency Credinform has prepared a ranking of the largest Russian manufacturers of refrigerators and ventilation equipment. The largest enterprises (TOP-10 and TOP-1000) in terms of annual revenue were selected according to the data from the Statistical Register and the Federal Tax Service for the available periods (2017-2019). Then the companies were ranged by credit period (Table 1). The analysis was based on the data from the Information and Analytical system Globas.

Credit period (days) is calculated as a ratio of average trade payables for a period to sales revenue. The ratio shows for how many days whithin a year the company repaid the average amount of its accounts payable.

The ratio reflects the process of debt repayment to counterparties; it is calculated for the evaluation of cash flows, which allows to draw conclusions on company’s effectiveness and the chosen financial strategy.

The lower the indicator, the faster the company pays the supplier's bills. An increase in turnover may indicate about the problems with bills payment as well as more effective relationships with suppliers, which provide more profitable, deferred payment schedule and use accounts payable as a source of cheap financial resources.

For the most full and fair opinion about the company’s financial position the whole set of financial indicators and ratios should be taken into account.

Table 1. Net profit, revenue, credit period, solvency index Globas of the largest Russian manufacturers of refrigerators and ventilation equipment (ТОP-10)
Name, INN, region Revenue, million RUB Net profit (loss), million RUB Credit period, days Solvency index Globas
2018 2019 2018 2019 2018 2019
1 2 3 4 5 6 7 8
LLC KONTUR K
INN 6952027776 Tver region
up3 346 up3 831 up387 down139 up24,27 up21,02 275 Medium
JSC СONTAСT
INN 1215013114 Mari El Republic
down3 563 up4 227 down199 up415 down33,36 up29,24 184 High
LLC DANFOSS
INN 5017050538 Moscow region
up17 631 up19 433 down466 up786 up47,07 down50,30 210 Strong
LLC VEZA
INN 7720040225 Moscow region
up7 679 up9 246 down1 043 up1 126 down43,01 down51,72 182 High
LLC Frigoglass Eurasia
INN 5752019857 Oryol region
up7 179 up9 546 up717 up1 206 down70,85 up65,92 218 Strong
LLC GEA Grasso Refrigeration
INN 7719217750 Moscow
up3 544 up6 021 up211 up694 down135,66 up107,55 215 Strong
UBC COOL-B LTD
INN 3120083886 Belgorod region
up4 478 down3 820 up290 down77 up87,94 down112,60 239 Strong
LLC ENERGOINNOVATSIYA
INN 5074048366 Moscow
up3 095 up3 606 down1 up2 down111,26 down119,08 281 Medium
CRYOGENMASH JSC
INN 5001000066 Moscow region
up6 182 up9 927 up863 down-633 down253,25 up194,26 293 Medium
JSC URAL PLANT OF CHEMICAL MACHINE-BUILDING
INN 6664013880 Sverdlovsk region
up5 787 down5 057 up145 down36 down224,20 down230,90 291 Medium
Average value for TOP-10 companies up6 248 up7 471 up432 down385 down103,09 up98,26  
Average value for TOP-1000 companies up198 up200 down7 up10 up299,39 down346,76  

вверх growth of indicator in comparison with prior period, вниз decline of indicator in comparison with prior period

The average value of credit period for TOP-10 companies is better than ТОP-1000 value. In 2019, five companies improved the result in comparison with prior period.

Picture 1. Credit period and revenue of the largest Russian manufacturers of refrigerators and ventilation equipment (ТОP-10) Picture 1. Credit period and revenue of the largest Russian manufacturers of refrigerators and ventilation equipment (ТОP-10)

Within 6 years, the TOP-1000 average indicators of credit period showed the negative upward trend (Picture 2).

Picture 2. Change in average values of credit period of the largest Russian manufacturers of refrigerators and ventilation equipment in 2014 – 2019 Picture 2. Change in average values of credit period of the largest Russian manufacturers of refrigerators and ventilation equipment in 2014 – 2019