Assets turnover of the largest Russian postal and courier companies

ranking 08/08/2016

Information agency Credinform prepared a ranking of the largest Russian private postal and courier companies on assets turnover.

The companies of postal and courier services with the highest volume of revenue were selected for the ranking, according to the data from the Statistical Register for the latest available accounting period - for the year 2014 (TOP-10). FSUE Russian Post is not included in the TOP-10, because it, as a government institution, occupies a leading position and significant market share. Enterprises of the rating are ranked by assets turnover from the maximum to the minimum rate of turnover for the year. (Table 1).

Assets turnover (times) is calculated as the relation of sales revenue to company’s average total assets for a period and characterizes the effectiveness of using of all available resources, regardless the source of their attraction. The ratio shows how many times per year the full cycle of production and circulation is performed, making a profit.

For getting of the most comprehensive and fair picture of the financial standing of an enterprise it is necessary to pay attention not only to assets turnover, but also to all available combination of its ratios, financial and non-financial indicators.

Table 1. Net profit, revenue, assets turnover and solvency index Globas-i of postal and courier companies (TOP-10)
Name, INN, regionNet profit for 2014, mln RUBRevenue for 2014, mln RUBRevenue for 2014 by 2013, %Assets turnover, timesSolvency index Globas-i
SDEK-MSK LLC
INN 7722666748
Moscow
2,4 648,6 190 6,65 253
High
CITY RAPID LLC
INN 7718273254
Moscow
1,3 587,9 110 5,35 257
High
EMS GARANTPOST LLC
INN 7724069257
Moscow
3,8 558,2 89 5,08 267
High
DHL GLOBAL MAIL LLC
INN 7713670064
Moscow
63,2 650,5 157 4,25 186
The highest
KURERSERVISEKSPRESS LLC
INN 7723606727
Moscow
14,6 983,1 119 4,23 250
High
O-COURIER LLC
INN 7715392567
Moscow
-178,6 1 155,8 104 3,53 600
Unsatisfactory
EKSPRESSDOSTAVKA 77 LLC
INN 7706757074
Moscow
2,3 734,3 87 3,50 300
Satisfactory
KURER-SERVIS LLC
INN 7722274003
Moscow
9,5 570,1 106 3,24 231
High
SPSR- EXPRESS LLC
INN 7715356456
Moscow
288,1 5 146,7 126 2,98 199
The highest
ARVATO RUS LLC
INN 7604039395
Yaroslavl region
140,4 993,1 103 1,25 255
High

The company with the highest revenue for 2014 - SPSR- EXPRESS LLC, took the ninth place of the ranking. The share of this firm in total revenue of TOP-10 companies made 43%.

SDEK-MSK LLC shows the best indicator of assets turnover. At the same time it has also the largest in TOP-10 revenue gain compared to the previous accounting period.

Half of companies from the TOP-10 showed a decrease in net profit in 2014 and among them are EMS GARANTPOST LLC and EKSPRESSDOSTAVKA 77 LLC, which let also, in addition, the reduction in revenue.

In general, on the combination of financial and non-financial indicators, eight companies from TOP-10 got the highest or high solvency index Globas-i. It testifies that they can pay off their debts in time and fully.

EKSPRESSDOSTAVKA 77 LLC got satisfactory solvency index Globas-i due to the availability of information about cases of delayed payments and financial difficulties at year-end 2014г.

O-COURIER LLC got unsatisfactory solvency index Globas-i due to the receipt of information in 2016 that the company is in the process of reorganization in the form of merger with another legal entity. In 2012 – 2015 the enterprise got consistently high solvency index Globas-i.

The average value of assets turnover in the TOP-10 group was 4,01 times in 2014. Russia's the largest postal operator - FSUE Russian Post, not included in this ranking, showed the asset turnover of 0,54 times in 2014.

Seven companies from TOP-10 have a share of foreign capital from 99% to 100%.

Picture 1. Assets turnover and sales revenue of companies of postal and courier services (TOP-10)
Assets turnover and sales revenue of companies of postal and courier services

In general, the industry of postal and courier services works effectively, showing increasing rates of revenue (Table 2.)

Таблица 2. Выручка (нетто) от почтовой и курьерской деятельности (за минусом НДС, акцизов и иных аналогичных обязательных платежей) (данные Росстата и Информационно-аналитической системы Глобас-i, тыс. рублей)
 201020112012201320142015 г.
Companies of courier and postal services, total in Russia 125 506 444 135 731 343 140 959 596 145 851 913 153 311 008 180 184 394
Companies of courier and postal services, except FSUE Russian Post 20 060 822 15 024 233 12 001 210 12 760 136 12 957 431 31 274 502

The total amount of revenue of TOP-10 companies for 2014 made 12 028 mln RUB, that is by 15% more than in 2013. This is significantly higher than the industry average for this period (Picture 2).

Picture 2. Increase (decrease) in revenue in the sector of postal and courier services from year to year (according to Rosstat and Information and analytical system Globas-i, %)
Increase (decrease) in revenue in the sector of postal and courier services from year to year (according to Rosstat and Information and analytical system Globas-i, %)

The industry of courier and postal services is characterized by a pronounced concentration of companies in Moscow. According to the Information and analytical system Globas-i, 50 the largest companies in terms of revenue for 2014 are registered in 16 regions of the country. The largest number of them is registered in the following regions (TOP-5 Regions):

RegionAmount of registered companies
Moscow 30
Republic of Tatarstan 3
Saint-Petersburg 2
Sverdlovsk region 2
Yaroslavl region 2