TOP-10 light industry enterprises in Russia by accounts receivable turnover

ranking 06/10/2020

Information agency Credinform has prepared a ranking of light industry enterprises in Russia. The manufacturers of textile, clothes, leather goods. (TOP-10) with the largest annual revenue were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available accounting periods (2017 - 2019). Then the enterprises were ranked by the accounts receivable turnover (Table 1). The analysis was based on the data from the Information and Analytical system Globas.

Accounts receivable turnover (days) is calculated as a ratio of the accounts receivable average value for a period to sales revenue. The ratio shows how many days it takes for an enterprise to pay off the average sum of its accounts receivable.

The indicator reflects the procedure of satisfaction of liablilities to contractors. It is calculated for cash flow assesment, that gives an opportunity to make conclusions on company’s working efficiency and the chosen financial strategy.

The lower the indicator is, the faster an enterprise settles accounts with suppliers. The increase of turnover indicates both the problems with payment of accounts, and more effective organization of relations with suppliers, providing more profitable and well-managed payment schedule and using accounts receivable as a source of cheap financial resources.

In order to get the most comprehensive and fair picture of the financial standing of an enterprise it is necessary to pay attention to all combination of financial indicators and company’s ratios.

Net profit, revenue, accounts receivable turnover, solvency index Globas of the largest light industry enterprises in Russia (TOP-10)
Name, INN, region Revenue, million RUB Net profit (loss), million RUB Accounts receivable turnover, days Solvency index Globas
2018 2019 2018 2019 2018 2019
1 2 3 4 5 6 7 8
JSC GLORIA JEANS CORPORATION
INN 6166034397 Rostov region
down37 553,1 up37 719,2 down1 280,8 down927,3 up18,74 down20,56 262 Medium
PV OOO FIRMA TECHHNOAVIA
INN 7724152603 Moscow
up15 467,6 up16 719,9 up1 855,9 down1 433,7 up21,95 down22,86 184 High
LLC AVGOL
INN 7116128972 Tula region
up4 210,4 up4 631,2 down-427,1 up762,8 down23,75 down26,25 250 Medium
AO FPG ENERGOKONTRAKT
INN 7703268269 Moscow
up6 221,9 up6 728,2 down268,9 down212,7 up32,98 up30,43 207 Strong
NJSC Ralf Ringer
INN 7718160370 Moscow
up5 943,4 down5 752,3 down-107,6 down-281,9 up53,95 up51,88 293 Medium
LLC MIRTEX
INN 3702644450 Ivanovo region
up3 306,1 up4 400,2 up207,2 up581,0 up81,06 up52,47 187 High
TDL TEXTILE, LLC.
INN 3730010504 Ivanovo region
up9 749,4 down9 723,7 down614,2 down378,4 down17,38 down58,01 261 Medium
Company Limited BELLA
INN 5011021499 Moscow region
up7 411,2 up8 463,4 down225,6 up491,1 down62,65 up61,83 165 Superior
LLC AVANGARD
INN 7826741774 Leningrad region
up7 533,2 up8 730,6 down151,8 up167,4 up68,63 down78,68 213 Strong
OOO PROMKOMPLEKTATSIYA
INN 7721624833 Moscow region
up11 555,9 up11 775,5 up170,4 down151,7 up69,41 down81,57 241 Strong
Average value for TOP-10 up10 895,2 up11 464,4 up424,0 up482,4 up45,05 down48,45  
Average value for TOP-1000 up379,4 up390,9 down17,3 down16,3 down116,05 down124,10

вверх improvement compared to prior period, вниз decline compared to prior period

Average value of accounts receivable turnover of TOP-10 is lower than the average TOP-1000 value. Four companies have the standard value in 2019 comparing to the previous period.

Picture 1. Accounts receivable turnover and revenue of the largest light industry enterprises in Russia (TOP-10) Picture 1. Accounts receivable turnover and revenue of the largest light industry enterprises in Russia (TOP-10)

During 6 years the average industry values of accounts receivable turnover had a trend to increase. (Picture 2)

Picture 2. Change in average values of accounts receivable turnover of TOP-1000 light industry enterprises in Russia in 2014 – 2019 Picture 2. Change in average values of accounts receivable turnover of TOP-1000 light industry enterprises in Russia in 2014 – 2019