TOP-10 light industry enterprises in Russia by accounts receivable turnover
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.
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.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Accounts receivable turnover, days||Solvency index Globas|
|JSC GLORIA JEANS CORPORATION
INN 6166034397 Rostov region
|37 553,1||37 719,2||1 280,8||927,3||18,74||20,56||262 Medium|
|PV OOO FIRMA TECHHNOAVIA
INN 7724152603 Moscow
|15 467,6||16 719,9||1 855,9||1 433,7||21,95||22,86||184 High|
INN 7116128972 Tula region
|4 210,4||4 631,2||-427,1||762,8||23,75||26,25||250 Medium|
|AO FPG ENERGOKONTRAKT
INN 7703268269 Moscow
|6 221,9||6 728,2||268,9||212,7||32,98||30,43||207 Strong|
|NJSC Ralf Ringer
INN 7718160370 Moscow
|5 943,4||5 752,3||-107,6||-281,9||53,95||51,88||293 Medium|
INN 3702644450 Ivanovo region
|3 306,1||4 400,2||207,2||581,0||81,06||52,47||187 High|
|TDL TEXTILE, LLC.
INN 3730010504 Ivanovo region
|9 749,4||9 723,7||614,2||378,4||17,38||58,01||261 Medium|
|Company Limited BELLA
INN 5011021499 Moscow region
|7 411,2||8 463,4||225,6||491,1||62,65||61,83||165 Superior|
INN 7826741774 Leningrad region
|7 533,2||8 730,6||151,8||167,4||68,63||78,68||213 Strong|
INN 7721624833 Moscow region
|11 555,9||11 775,5||170,4||151,7||69,41||81,57||241 Strong|
|Average value for TOP-10||10 895,2||11 464,4||424,0||482,4||45,05||48,45|
|Average value for TOP-1000||379,4||390,9||17,3||16,3||116,05||124,10|
improvement compared to prior period, 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.
During 6 years the average industry values of accounts receivable turnover had a trend to increase. (Picture 2)