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Asset turnover of major car dealers in Russia
Credinform Information Agency prepared a ranking of asset turnover of major car dealers in Russia. The selection of companies from GLOBAS-i system included organizations with maximum revenue in this type of business rated upon decreasing asset turnover.
Asset turnover ratio is calculated as the ratio of product sales revenue to the total assets of the balance. This indicator characterizes the efficiency of use of all available resources by the company, independently from their generation source, i.e. it shows, how many times – in our case, within 2011 – there occurs a complete production and circulation cycle, which ensures profit for the company, or how many monetary units of sold products were provided by each monetary unit of assets.
| N | Name | INN | Turnover in 2011, ml rub. | Asset turnover | Solvency index |
|---|---|---|---|---|---|
| 1 | FC Germanika Sever LLC | 730569850 | 2,926.46 | 6.33 | 290 (high) |
| 2 | Trade-Avto LLC | 5024106559 | 3,290.58 | 5.73 | 281 (high) |
| 3 | Kan-Avtovaz LLC | 1657056820 | 3,507.48 | 5.56 | 250 (high) |
| 4 | ArtCar LLC | 5262212308 | 2,980.14 | 5.08 | 276 (high) |
| 5 | Izmailovo LLC | 7716521818 | 5,201.35 | 3.74 | 286 (high) |
| 6 | KuzbassBelAvto LLC | 4205182782 | 12,621.24 | 2.04 | 245 (high) |
| 7 | AMKapital LLC | 7708607959 | 25,871.82 | 1.95 | 238 (high) |
| 8 | Nizhegorodets Trading Company LLC | 5254017367 | 4,373.05 | 1.89 | 233 (high) |
| 9 | Seyho-Motors LLC | 7453048035 | 4,194.86 | 1.67 | 223 (high) |
| 10 | Saturn-R LLC | 5902809279 | 3,718.48 | 1.38 | 212 (high) |
One should note that all companies included to the top-ten with highest turnover were assigned by Credinform Agency with high solvency index, which proves the capability of these car dealers to repay their liabilities timely and in full.
Companies that occupy first four lines in the ranking, use the invested funds in the most efficient way. That is, 1 ruble invested in assets of these enterprises in the preceding period provided from 5.08 to 6.33 rubles of revenues.
Other six companies used the invested funds less efficiently, but also received revenue within the range between 1.38 rub. and 3.74 rub. per 1 rub. of investments.
Therefore, the higher is the value of current asset turnover, the better is the use of floating assets. Its increase means the release of funds from the turnover that allows the organization to get along with a smaller sum of floating assets for securing release and sale of products or – with the same amount of them – to increase volume and improve quality of manufactured products.