Asset turnover of the largest Russian hunting farms
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.
|Name, INN, region||Revenue, mln RUB||Revenue, mln RUB||Asset turnover, times||Solvency index Globas|
INN 2720022770 Khabarovsk territory
INN 2461021038 Krasnoyarsk territory
|HUNTING FARM PROMYSLOVIK LLC
INN 2526004474 Primorye territory
|HUNTING STATE OWNED FARM KRASNOYARSKY NJSC
INN 2464002065 Krasnoyarsk territory
INN 3436017022 Volgograd region
INN 6714023406 Smolensk region
INN 2922008024 Arkhangelsk region
|HUNTING FARM OZERNOE LLC
INN 4012000186 Kaluga region
|FINANCIAL AND AGROINDUSTRIAL CONCERN SAKHABULT JSC
INN 1435178584 Republic of Sakha (Yakutia)
INN 6726008963 Smolensk region
|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).
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.
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.