Information agency Credinform prepared a ranking of Russian leasing companies. The enterprises with the largest volume of revenue (TOP-10) were selected for the ranking, according to the data from the Statistical Register for the latest available periods (for 2014 and 2015). Then they were ranked by accounts payable turnover (Table 1).

Accounts payable turnover (times in a year) is calculated as the relation of average accounts payable for the period to sales revenue. The ratio shows how many times a year an enterprise has discharged the average amount of its accounts payable.

This indicator reflects the process of debt repayment to contractors (partners, suppliers, mediators etc.). The coefficient determines the number of firm's closed debts and is calculated to estimate cash flows. It allows to draw conclusions about the effectiveness of company’s work and chosen financial strategy.

The higher is the ratio value, the soonest an enterprise settles accounts with its suppliers. Reduction of turnover can mean as well problems with payment of invoices, as more effective organization of relationships with suppliers, which provides a more profitable, deferred payment schedule and uses accounts payable as a source of cheap financial resources.

The specialists of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in the sectors, has developed and implemented in the Information and Analytical system Globas-i the calculation of practical values of financial ratios, which can be recognized as normal for a particular industry. For leasing companies the practical value of the accounts payable turnover is up to 338,29 times.

For getting of the most comprehensive and fair picture of the financial standing of an enterprise it is necessary to pay attention to all available combination of company’s financial indicators and ratios.

The average values of accounts payable turnover in 2015 as well in the group of TOP-10, as in the group TOP-100 companies stay within parameters of the practical value. However, three from TOP-10 companies (marked with a yellow filling in Table 1 and in Picture 1) have not met these parameters.

The volume of revenue of 10 the largest companies is 44% of the total revenue of 100 the largest enterprises. It points to a relatively high level of monopolization in this industry. Thus, the shares of the largest firms in terms of revenue in 2015 made 21% in the total revenue of the group of TOP-100 companies. (Picture 2).

Nine from TOP-10 companies got the highest or high solvency index Глобас-i®U, that points to their ability to repay their debts in time and fully.

BRANSVIK REIL LLC got satisfactory solvency index Глобас-i® due to the information on its participation as a defendant in arbitration court proceedings in terms of debt collection, on cases of untimely fulfillment of its obligations, as well as the loss in the structure of balance sheet indicators. The forecast for index development is stable.

Three from TOP-10 companies have reduced indicators of revenue in 2015 compared to the previous period or have a loss (are marked with red filling in Table 1).

In the group of TOP-100 companies there were 27 unprofitable companies in 2014, and in 2015 their number decreased to 25.

The indicators of Russian leasing companies in monetary terms have not been stable in recent years and are under pressure of the macroeconomic situation in the economy as a whole, that is confirmed by the data of the Federal State Statistics Service (Picture 3 и Table 2).

In 2016 the largest revenue was by companies, renting various machines and equipment, household products and personal demand items, and the least – by firms, renting commercial equipment.

The leasing enterprises are distributed unevenly throughout the country, leaning toward two the biggest cities, where the largest financial resources are concentrated. This is confirmed by data of the Information and Analytical system Глобас-i, according to which 100 the largest companies in terms of revenue for 2015 are registered in 32 regions of Russia (Picture 4).

Information Agency Credinform has prepared the ranking of the largest Russian manufacturers of dairy products. The largest enterprises of the industry (TOP-10) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2015 and 2014). Then the companies were ranged by assets turnover ratio (Table 1).

Assets turnover (times) is the ratio of sales revenue and company’s average total assets for a period. It 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, generating the corresponding effect in the form of profit.

The calculation of practical values of financial indicators, which might be considered as normal for a certain industry, has been developed and implemented in the Information and Analytical system Globas-i by the experts of Information Agency Credinform, taking into account the actual situation of the economy as a whole and the industries. The practical value of assets turnover ratio for manufacturers of dairy products is more than 1,82 times.

For the most full and fair opinion about company’s financial position not only the compliance with standard values, but the whole set of financial indicators and ratios should be taken into account.

In 2015 the average value of the products’ profitability within TOP-10 group of companies is lower than average value within TOP-100 group of companies and higher than average industry value. Meanwhile four companies from TOP-10 list (yellow color in Table 1) have indicators that do not meet practical values.

Total revenue of 10 largest companies amounted to 48% from TOP-100 total revenue. This fact testifies rather high level of competition within industry. The shares of the largest companies by 2015 total revenue - JSC WIMM-BILL-DANN and NAO DANON RUSSIA in TOP-100 total revenue amounted to 26% (Picture 2).

All companies from TOP-10 list have the highest or high solvency index Globas-i^®, this fact shows the ability of the companies to meet their obligations in time and fully.

In 2015 five companies from TOP-10 have decrease in revenue in comparison with previous period and have loss (red color in Table 1).

In 2014 the TOP-100 list included 11 loss-making companies and in 2015 the number decreased to 5, in other words by 2.2 times.

In general, within 2010-2016 the ratios of dairy products manufacturers in natural terms were unstable; this testifies the data from the Federal State Statistics Service (Table 2).

*) Red color in table 2 shows decline in production, green color shows the growth.

Within 2010-2016 production of cheese and curd cheese products, as well as cream grew was ramping up at the fastest rates. Production of condensed milk and cream cheese within this period decreased.

Manufacturers of dairy products are relatively equally distributed across the country with a slight predominance in the densely populated Moscow region. This fact is confirmed by data from the Information and Analytical system Globas-i, according to which 100 largest companies of the industry in terms of 2015 revenue are registered in 43 Russian regions (Picture 4).