TOP-10 construction companies in terms of the working capital to current assets ratio

ranking 29/05/2019

Information agency Credinform presents ranking of the largest companies engaged in construction of buildings. Enterprises with the largest volume of annual revenue (TOP-10), were selected for the analysis, according to the data from the Statistical Register for the latest available periods (for 2015-2017). Then they were ranked by working capital to current assets ratio (Table 1).The analysis was made on the basis of the data of the Information and Analytical system Globas.

Working capital to current assets ratio (x) is calculated as diminution of equity and intangible assets to current assets. The indicator shows ability of a company to finance current activities with the help of own working capital. Recommended value is > 0,1.

Table 1. Net profit, revenue, working capital to current assets ratio, solvency index Globas of the largest construction companies (TOP-10)
Name, INN, region Revenue, million RUB Net profit (loss), million RUB Working capital to current assets ratio (x), > 0,1 Solvency Index Globas
2016 2017 2016 2017 2016 2017
1 2 3 4 5 6 7 8
LLC LSR. Real Estate-SZ
INN 7826090547
Saint-Petersburg
up33947,0 up37868,0 down6777,1 up8394,8 up0,12 up0,14 199 High
JSC TEK MOSENERGO
INN 7721604869
Moscow
Bankruptcy claims
up24183,0 up34357,0 down783,1 up920,9 down-0,09 up0,07 400 Weak
JSC METROSTROY
INN 7813046910
Saint-Petersburg
Bankruptcy claims
up24449,4 up31919,7 up497,8 down436,7 down0,05 up0,06 350 Adequate
LLC VELESSTROY
INN 7709787790
Moscow
up88231,4 down73780,8 up2218,9 down1651,7 up0,05 up0,05 209 Strong
JSC RENAISSANSE CONSTRUCTION
INN 7814017341
Saint-Petersburg
down18124,2 up34862,3 up597,8 up629,6 down0,02 down0,01 201 Strong
LLC MIP-STROI №1
INN 7701394860
Moscow
up28858,8 up46025,3 up284,5 up424,7 up-0,04 up-0,03 296 Medium
JSC Armed forces infrastructure development directorate general
INN 7703702341
Moscow
Bankruptcy claims
up61923,8 up80570,3 up84,1 down56,0 up0,00 down-0,05 400 Weak
JSC STROYTRANSGAZ
INN 5700000164
Moscow
Bankruptcy claims
up25741,0 up36382,6 up643,1 up717,6 down-0,06 down-0,06 189 High
LLC STROYGAZCONSULTING
INN 7703266053
Saint-Petersburg
Bankruptcy claims
up153019,2 up153789,1 down-6566,9 down-7008,8 down-0,05 down-0,13 400 Weak
FGUP GVSU №14
INN 5047054473
Moscow
Bankruptcy proceedings
down56977,7 down38089,7 up-905,7 down-4978,9 down-0,05 down-0,22 550 Insufficient
Total for TOP-10 up515455,4 up567645,0 up4413,7 down1244,2    
Average for TOP-10 companies up51545,5 up56764,5 up441,4 down124,4 down-0,01 down-0,02
Average industrial value down58,36 up58,0 up0,2 down-0,4 up-0,29 up-0,25

Up — growth of indicator to the previous period, Down — decrease of indicator to the previous period.

The average indicator of the working capital to current assets ratio of TOP-10 companies is characterized with negative value and above the average industrial value. Only one company of the group showed result above the recommended value in 2017.

Picture 1. Working capital to current assets ratio and revenue of the largest construction companies (TOP-10) Picture 1. Working capital to current assets ratio and revenue of the largest construction companies (TOP-10)

During 10 years average industrial indicators of the working capital to current assets ratio have negative values with increasing tendency. (Picture 2).

Picture 2. Change of average industrial indicators of the working capital to current assets ratio of the Russian construction companies in 2008 – 2017 Picture 2. Change of average industrial indicators of the working capital to current assets ratio of the Russian construction companies in 2008 – 2017