Equity turnover ratio of companies for the construction of residential and non-residential buildings, being the largest in the Northwestern Federal District of Russia
Information agency Credinform offers a ranking of the largest companies for the construction of residential and non-residential buildings, being the largest in the Northwestern Federal District of Russia. The companies with the largest volume of annual revenue (TOP-10) were selected for the ranking, according to the data from the Statistical Register for the latest available periods (for 2015 and 2016). Then they were ranked by equity turnover ratio in 2016 (Table 1). The analysis is based on data of the Information and Analytical system Globas.
Equity turnover ratio (times) is calculated as a relation of revenue to annual average sum of equity and demonstrates the company’s usage rate of all available assets.
Equity turnover ratio reflects the turnover rate of own capital. The high value of this indicator indicates the effectiveness of use of own funds. Accordingly, low ratio value indicates about inaction of the part of own funds.
The experts of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in sectors, has developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios that can be recognized as normal for a particular industry. For companies for the construction of residential and non-residential buildings the practical value of the equity turnover ratio was from 9,36 in 2016.
For getting of the most comprehensive and fair picture of the financial standing of an enterprise it is necessary to pay attention to all combination of indicators and financial ratios.
|Name, INN, region||Revenue, mln RUB||Net profit, mln RUB||Equity turnover ratio, times||Solvency index Globas|
INN 7804529206 St. Petersburg
|3 353,6||10 092,8||41,7||165,7||80,31||80,99||270 Medium|
INN 7802841385 St. Petersburg
|7 928,4||8 258,1||60,4||87,1||110,12||71,47||251 Medium|
INN 7705506818 Leningrad region
|9 100,5||8 630,9||233,5||58,7||64,77||32,74||197 High|
INN 7801174139 St. Petersburg
|10 892,5||10 364,2||110,5||554,8||133,64||28,23||170 Superio|
|RENAISSANCE HEAVY INDUSTRIES LLC
INN 7802772445 St. Petersburg
|17 123,3||33 262,2||476,0||402,7||20,37||25,99||263 Medium|
INN 7804079525 St. Petersburg
|23 379,2||12 111,5||177,1||-156,1||23,93||13,21||286 Medium|
|RENAISSANSE CONSTRUCTION NJSC
INN 7814017341 St. Petersburg
|21 984,2||18 124,2||460,1||597,8||18,44||10,97||200 Strong|
|PRODUCTION COMPANY VIS LLC
INN 7816158919 Leningrad region
|24 789,3||19 964,6||2 512,2||2 813,9||10,22||4,96||219 Strong|
|LSR. NEDVIZHIMOST-SEVERO-ZAPAD LLC
INN 7826090547 St. Petersburg
|27 937,3||33 947,0||6 864,6||6 777,1||2,07||1,93||188 High|
|SSMO LENSPETSSMU NJSC
INN 7802084569 St. Petersburg
|22 453,7||20 910,9||6 284,5||3 579,2||0,81||0,66||195 High|
|Total by TOP-10 companies||168 942,1||175 666,5||17 220,6||14 880,9|
|Average value by TOP-10 companies||16 894,2||17 566,6||1 722,1||1 488,1||46,47||27,12|
|Industry average value||55,4||57,2||-1,3||0,4||8,02||9,36|
The average indicator of the equity turnover ratio of TOP-10 companies in 2016 is above the practical value. Two from TOP-10 enterprises have the ratio value above the practical one and eight enterprises - below (are marked with green and orange fillings in columns 6 and 7 in Table 1, respectively). Only two firms succeeded increasing the indicators of equity turnover in 2016 (are marked with green filling in column 7 in Table 1).
Eight from the TOP-10 companies reduced revenue or net profit indicators in 2016 in comparison with the previous period or have a loss (are marked with green and red fillings in columns 3 and 5 in Table 1).
The industry average values of the equity turnover ratio tend to increase over the past seven years. It can point to an increase of the efficiency of use of company’s own funds in this field of activity (Picture 2).
All TOP-10 companies got the Superior and High or Strong and Medium solvency index Globas, that testifies to their ability to repay their debt obligations timely and fully.