TOP-10 manufacturers of batteries in terms of working capital to current assets ratio

ranking 07/10/2019

Information agency Credinform presents ranking of the largest batteries manufacturers. 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 2016-2018). Then they were ranked by decrease in 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 net assets to working assets. Indicator shows ability of an enterprise to finance current activcities by means of own working funds. Recommended value of the ratio is > 0,1.

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.

Table 1. Net profit, revenue, working capital to current assets ratio, solvency index Globas of the largest manufacturers of batteries (TOP-10)
Name, INN, region Revenue, billion RUB Net profit (loss), billion RUB Working capital to current assets ratio (x), > 0,1 Solvency index Globas
2017 2018 2017 2018 2017 2018
1 2 3 4 5 6 7 8
LLC ANIKS
INN 7703671051 Moscow
up212 up1280 up17 up111 up0,12 up0,97 262 Medium
JSC MPKF ALKOR
INN 7204015103 Tyumen region
down1862 down1601 down294 down184 down0,89 up0,92 231 Strong
JSC TYUMEN BATTERY FACTORY
INN 7204001630 Tyumen region
down3980 up4137 down361 down147 down0,75 up0,82 182 High
LLC KAZ
INN 4632167682 Kursk region
down896 up1373 up48 up112 up0,14 up0,45 211 Strong
JSC ELEKTROTYAGA
INN 7805230257 Saint Petersburg
up1354 up1591 up94 up151 up0,56 down0,33 170 Superior
JSC ENERGIYA
INN 4821000142 Lipetsk region
up1839 up2534 up298 up450 up0,23 up0,28 169 Superior
JSC ELEKTROTYAGA
INN 7805020789 Saint Petersburg
up2900 up3000 up310 down157 up0,44 down0,27 193 High
JSC AKOM
INN 6345011371 Samara region
up4618 up5610 down272 down209 down0,08 up0,17 233 Strong
LLC RAZ TANGSTOUN
INN 2313019123 Ryazan region
down1823 up2242 down68 down-22 down0,17 down0,13 269 Medium
ISTOK+ LIMITED COMPANY
INN 4632161433 Kursk region
down3754 up4768 up84 down6 down-0,10 up-0,07 262 Medium
Total for TOP-10 companies up23237 up28136 up1846 down1514    
Average value for TOP-10 companies up2324 up2814 down185 down151 up0,33 0,43
Average industrial value up374 up381 down-3 up9 down0,00 down0,00

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

Average value of the working capital to current assets ratio of the TOP-10 group is higher than average industrial value of 2018. Seven companies have improved their results in 2018.

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

Over a ten-year period average industrial values of the working capital to current assets ratio had decreasing tendency. (Picture 2).

Picture 2. Change in the average industrial values of the working capital to current assets ratio of manufacturers of batteries in 2009 – 2018 Picture 2. Change in the average industrial values of the working capital to current assets ratio of manufacturers of batteries in 2009 – 2018