Asset turnover of the largest Russian hunting farms

ranking 26/01/2018

Information agency Credinform has prepared a ranking of the largest Russian hunting farms. The companies with the largest volume of annual revenue (TOP-10) have been selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (2016 and 2015). Then they have been ranked by asset turnover ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.

Asset turnover is a ratio of sales revenue to average total assets for the period. It is one of the activity ratios and it indicates resource efficiency regardless of sources. This ratio shows the number of profit-bearing complete production and distribution cycles per annum.

A calculation of practical values of financial ratios, which might be considered as normal for a certain industry, has been developed and implemented in the Information and Analytical system Globas by the experts of the Information Agency Credinform, having taken into account the current situation in the economy as a whole and in the industries. The practical value of asset turnover ratio for hunting farms amounted from 0,16 in 2016.

The whole set of financial indicators and ratios is to be considered to get the fullest and fairest opinion about the company’s financial standing.

Table 1. Net profit, revenue, asset turnover ratio (ATr), solvency index Globas of the largest Russian hunting farms (TOP-10)
Name, INN, region Revenue, mln RUB Revenue, mln RUB Asset turnover, times Solvency index Globas
2015 2016 2015 2016 2015 2016
1 2 3 4 5 6 7 8
KUR-VOSTOK-URMI LLC
INN 2720022770 Khabarovsk territory
51,3 69,1 1,9 1,2 3,18 3,18 222 Strong
BURAN LLC
INN 2461021038 Krasnoyarsk territory
0,0 77,6 0,0 1,8 0,02 3,37 256 Medium
HUNTING FARM PROMYSLOVIK LLC
INN 2526004474 Primorye territory
67,9 79,0 49,9 54,4 3,22 3,19 166 Superior
HUNTING STATE OWNED FARM KRASNOYARSKY NJSC
INN 2464002065 Krasnoyarsk territory
40,3 40,3 3,3 6,2 1,17 1,04 196 High
DUBRAVA LLC
INN 3436017022 Volgograd region
13,2 40,6 0,2 15,3 0,38 0,82 273 Medium
ZAPADPROMSTROY LLC
INN 6714023406 Smolensk region
125,3 97,6 0,0 0,1 2,99 0,80 254 Medium
MEDVED LLC
INN 2922008024 Arkhangelsk region
185,0 73,0 0,4 41,8 1,09 0,49 300 Adequate
HUNTING FARM OZERNOE LLC
INN 4012000186 Kaluga region
51,9 64,1 3,1 -3,5 0,32 0,44 289 Medium
FINANCIAL AND AGROINDUSTRIAL CONCERN SAKHABULT JSC
INN 1435178584 Republic of Sakha (Yakutia)
250,4 259,3 1,3 8,0 0,40 0,44 202 Strong
GREENWOOD NJSC
INN 6726008963 Smolensk region
39,7 45,1 0,9 6,1 0,12 0,16 313 Adequate
Total for TOP-10 companies 824,9 845,6 61,0 61,0      
Average for TOP-10 companies 82,5 82,5 6,1 13,2 1,29 1,48  
Industry average value 1,9 1,2 -0,2 -0,5 0,33 0,16  

The average value of asset turnover ratio within TOP-10 companies is higher than practical and industry average values (green color in columns 6 and 7 of Table 1 and Picture 1). Five of TOP-10 companies have higher revenue and net profit compared to the prior period. The rest of the companies have a decrease in revenue or profit, or have loss (red color in columns 3 and 5 of Table 1).

Picture 1. Asset turnover ratio and revenue of the largest Russian hunting farms (TOP-10) Picture 1. Asset turnover ratio and revenue of the largest Russian hunting farms (TOP-10)

Industry average values of asset turnover ratio within the last 10 years were higher than the 2016 practical value. However, they follow a downward trend (Picture 2). This may indicate a certain downturn in the sector.

Picture 2. Change of industry average values of asset turnover ratio of the largest Russian hunting farms in 2007-2016 Picture 2. Change of industry average values of asset turnover ratio of the largest Russian hunting farms in 2007-2016

Eight of TOP-10 companies have got from superior to medium solvency index Globas, which indicates their ability to meet debt obligations timely and in full.

MEDVED LLC has got an adequate solvency index Globas, due to the company being a defendant in debt collection arbitration proceedings and untimely fulfillment of obligations. Index development trends are stable.

GREENWOOD NJSC has also got an adequate solvency index Globas due to reorganization of the company and in view of the company being a defendant in debt collection arbitration proceedings. Index development trends are stable.