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Equity turnover of paper and cardboard producers in the Russian Federation
Credinform Information Agency offers you a ranking of Equity turnover of paper and cardboard producers. For the ranking, Russian pulp-and-paper mills with highest revenue have been selected and then ranked by number of equity turnover per annum.
Equity turnover reflects the equity turnover rate, which means – in particular, for joint stock companies – activity of funds put at stake by owners of enterprise. Low value of this indicator speaks for inactivity of a part of equity. Increase in turnover means that company’ equity is put into turnover.
| N | Name | INN | Turnover in 2011, ml rub. | Equity turnover | Index |
|---|---|---|---|---|---|
| 1 | Syas Pulp-and-Paper Mill OJSC | 4718011856 | 3,356.13 | 12.22 | 242(high) |
| 2 | Vyborg Pulp OJSC | 7825481883 | 2,715.46 | 11.52 | 228(high) |
| 3 | Kamensk Paper-and-Cardboard Plant OJSC | 6929000141 | 1,994.76 | 3.66 | 217(high) |
| 4 | Kondopoga OJSC | 1003000650 | 14,318.65 | 2.94 | 273(high) |
| 5 | Volga OJSC | 5244009279 | 9,885.57 | 2.41 | 278(high) |
| 6 | Proletariy CJSC | 3229000246 | 2,170.31 | 2.11 | 170(highest) |
| 7 | Shattdekor LLC | 5049011877 | 2,791.49 | 2.04 | 203(high) |
| 8 | Sukhonsk Pulp-and-Paper Mill LLC | 3527009692 | 2,173.82 | 1.61 | 240(high) |
| 9 | St. Petersburg Cardboard Printing and Publishing Factory OJSC | 4719003640 | 5,381.72 | 1.24 | 193(highest) |
| 10 | Perm Cardboard LLC | 5904108952 | 3,182.25 | -20.51 | 316 (satisfactory) |
Capital turnover directly influences the company’s solvency. Moreover, increase in capital turnover rate against equal remaining conditions reflects growth of production and technical potential of organization.
First two enterprises – Syas Pulp-and-Paper Mill OJSC and Vyborg Pulp OJSC – enjoy rather high equity turnover indicators, as well as high GLOBAS-i solvency index, which speaks for the growth of their business activity.
Equity turnover indicators of Kamensk Paper-and-Cardboard Plant OJSC, Kondopoga OJSC, Volga OJSC, Proletariy CJSC, Shattdekor LLC, Sukhonsk Pulp-and-Paper Mill LLC, and St. Petersburg Cardboard Printing and Publishing Factory OJSC are remarkable lower, however, high and highest solvency index assigned by the Agency to the company proves rather harmonious development of financial ratios of these enterprises.
The only company from the list – Perm Cardboard LLC – has negative equity turnover, which is the evidence of critical financial situation, when the solvency rate is low. It is assumed that monetary funds, short-term financial investments and debt receivables do not cover even its payables and outstanding borrowed funds. Satisfactory solvency index assigned to this company – also due to losses in balance sheet figures structure – confirms average risk of monetary default.
Therefore, if equity turnover rate is too high (which means substantial prevailing of sales rate over invested funds), this results in raise of credit resources; the risk of creditors also rises, and the enterprise may suffer serious hardships due to reduction of profits or general trend to reduction of prices. Low rate means inactivity of a part of equity. In this case, equity turnover index indicates the necessity to invest equity to another source of profit, which better suits the current conditions.