Product profitability of the largest Russian enterprises – manufacturers of alcoholic beverages and ethyl alcohol
Information agency Credinform offers the ranking of Russian enterprises – manufacturers of alcoholic beverages and ethyl alcohol. The companies with the highest volume of revenue were selected for the ranking according to the data from the Statistical Register for the latest available period (for the year 2014). These enterprises were ranked by decrease in product profitability ratio (Table 1).
Product profitability is calculated as the relation of sales profit to expenses from ordinary activities. Totally the profitability reflects the economic efficiency of production, and product profitability ratio allows us to make a conclusion to understand whether output of one or another product is reasonable. There are no specified values prescribed for indicators of this group, because they vary strongly depending on the industry.
|Name, INN, region||Net profit 2014, ths RUB||Revenue of 2014, ths RUB||Revenue of 2014, to 2013, %%||Product profitability, %||Solvency index Globas-i®|
|15 026||3 301 993||115||66,13||238 high|
|VINOKONYACHNY ZAVOD ALYANS – 1892 LLC
|472 723||3 612 778||95||38,04||188 the highest|
|IGRISTYUE VINA NJSC
|467 445||4 538 263||117||24,56||235 high|
|547 962||3 941 737||78||23,36||241 high|
|MARIINSKY LIKERO-VODOCHNY ZAVOD NJSC
|177 077||4 433 126||79||20,46||250 high|
Republic of Tatarstan
|1 153 257||6 996 663||95||16,91||191 the highest|
|RUSSKY STANDART VODKA LLC
|382 147||3 930 241||115||9,87||223 high|
|101 259||4 427 908||197||7,22||251 high|
|TRADITSII KACHESTVA LLC
|229 445||10 220 701||92||5,59||220 high|
|LVZ KRISTALL-LEFORTOVO LLC
Republic of Mordovia
|109 793||4 438 155||235||5,01||272 high|
ABRAU-DYURSO NJSC takes the first place of the ranking with the value of production profitability 66,13%. High result, at times exceeding the industry average indicator of 8,21%, testifies to the lowest production costs in the industry. However, in comparison with its competitors, this enterprise shows relatively modest results in terms of net profit.
The leader of the industry on the volume of revenue for 2014 - TRADITSII KACHESTVA - is on the next-to-last place of the TOP-10 with the indicator value 5,59%, that is below the average industry level. At the same time, the enterprise reduced the volume of revenue by 8% compared to the previous period.
All TOP-10 companies got the highest and high solvency index Globas-i®, that points to their ability to pay off their debts in time and fully.
Picture 1. Revenue and product profitability of enterprises – manufacturers of alcoholic beverages and ethyl alcohol (TOP-10)
Totally the companies of the industry operate profitably, but demonstrate a decrease in the industry average indicator of product profitability from 16,91% in 2009 up to 8,21% in 2014. Five companies from the TOP-10 showed a decrease in sales result in 2014, and the revenue of the largest 100 companies of the industry in total has decreased by 3% in 2014 compared to the previous period and amounted to 117,5 bln RUB.
A decrease in physical volumes of production of alcoholic drinks and alcoholic beverages, except for spirit manufacture, is testified also by the data of Rosstat for 2010 - 2015 years. (Picture 2 and Table 2).
|2010||2011||2012||2013||2014||2015||2015 to 2010, +/- %|
|Table wines||43 933,65||42 126,52||37 577,99||33 587,90||32 497,46||39 270,13||-11|
|Vodka||92 565,87||86 308,38||97 640,37||84 587,58||63 537,87||62 816,46||-32|
|Cognac||8 859,08||8 206,67||10 273,41||7 400,70||6 625,62||7 242,82||-18|
|Alcoholic beverages with an alcohol content of up to 25 % inclusive of the volume of the finished product||3 391,34||3 155,86||3 687,68||3 393,99||2 849,62||2 729,75||-20|
|Alcoholic beverages with an alcohol content of more than 25 % of the volume of the finished product||6 926,99||4 763,85||5 277,60||5 144,12||3 743,88||3 846,02||-44|
|Alcohol products||220 451,01||208 910,27||206 099,73||194 149,22||165 100,34||168 622,86||-24|
|Denatured ethyl alcohol||4 183,40||2 691,58||2 707,84||13 243,41||11 673,01||11 350,63||171|
|Ethyl alcohol rectified from food raw material||30 975,40||31 963,15||42 165,63||40 207,61||34 315,68||37 102,82||20|
The industry of production of alcoholic beverages is characterized by a high concentration of wine producers in the southern regions of Russia, i.e. closer to sources of raw materials. This is evidenced by the statistics of the Information and analytical system Globas-i® about the number of companies of the industry registered in regions, having financial statements for 2014 in the statistical register (TOP-10 regions):
|7.||Republic of Dagestan||4|
|9.||Republic of Mordovia||3|
Moreover, it should be noted that the main enterprises for the production of strong alcoholic beverages are concentrated in large industrial centers of the country.