Information agency Credinform has prepared a review of trends of the largest companies engaged in sugar production.
The largest enterprises (TOP-10 and TOP-100) in terms of annual revenue were selected for the analysis according to the data from the Statistical Register for the latest available periods (2015-2017). The analysis was based on the data of the Information and Analytical system Globas.
The largest company in term of net assets is JSC SUGAR PLANT LENINGRADSKY. In 2018, net assets value of the company exceeded 5,8 billion RUB.
The lowest net assets volume among TOP-100 belonged to LLC SUGAR PLANT KOLPNYANSKY. In 2018, insufficiency of property of the company was indicated in negative value of -2,3 billion RUB.
Covering the ten-year period, the average net assets values have a trend to increase (Picture 1).
The shares of TOP-100 companies with insufficient property have trend to increase over the past three years (Picture 2).
In 2017, total revenue of 10 largest companies of was 39% of TOP-100 total revenue (Picture 3). This testifies high level of monopolization in the industry.
Covering the ten-year-period, there is an increase in industry average revenue (Picture 4).
Profit and loss
The largest company in term of net profit is JSC USPENSKY SAKHARNIK. The company’s profit for 2018 amounted to 1,2 billion RUB. Over the ten-year period, there is a trend to increase in average net profit (Picture 5).
For the three-year period, the average net profit values of TOP-100 companies decreased with the average net loss value having the increasing trend (Picture 6).
Key financial ratios
For the ten-year period, the average values of the current liquidity ratio were often below the recommended one - from 1,0 to 2,0 with a trend to increase (Picture 7).
For the ten-year period, the average values of ROI ratio were on a quite high level with a trend to decrease (Picture 8).
For the ten-year period, business activity ratio demonstrated the increasing trend (Picture 9).
35% companies of TOP-100 are registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the Russian Federation. At the same time, their share in total revenue for 2017 slightly exceeded 2% that is significantly lower than the national average figure (Picture 10).
Main regions of activity
Companies of TOP-1000 are registered in 35 regions of Russia and located across the country quite unequally, taking into account the geographical location of raw material sources. Over 58% of their turnover is concentrated in Krasnodar territory, Voronezh, Lipetsk and Tambov regions (Picture 11).
Financial position score
Assessment of the financial position of TOP-100 companies shows that the majority of them have stable financial position (Picture 12).
Complex assessment of activity of the largest Russian companies engaged in sugar production, taking into account the main indexes, financial ratios and indicators, demonstrates the prevalence of positive trends (Table 1).
|Trends and evaluation factors||Relative share of factors, %|
|Rate of growth (decline) in the average size of net assets||10|
|Increase / decrease in the share of enterprises with negative values of net assets||-10|
|Rate of growth (decline) in the average size of revenue||10|
|Level of competition||-5|
|Rate of growth (decline) in the average size of profit (loss)||10|
|Growth / decline in average values of companies’ net profit||-10|
|Growth / decline in average values of companies’ net loss||-10|
|Increase / decrease in average values of total liquidity ratio||5|
|Increase / decrease in average values of return on investment ratio||-10|
|Increase / decrease in average values of asset turnover ratio, times||10|
|Share of small and medium-sized businesses in the region in terms of revenue being more than 22%||-10|
|Financial position (the largest share)||5|
|Solvency index Globas (the largest share)||10|
|Average value of relative share of factors||0,7|
positive trend (factor) , negative trend (factor).
Information Agency Credinform has prepared the ranking of inventory turnover of sugar manufacturers. The largest enterprises in terms of revenue volume (TOP-10) were selected according to the data from the Statistical Register for the latest available periods (2015 - 2017). Then they were ranked by decrease in inventory turnover ratio (Table 1). The analysis was made on the basis of the data of the Information and Analytical system Globas.
Inventory turnover characterises mobility of funds that the company invests in inventories: the faster monetary funds invested in inventories are regained in the form of revenue from sale of finished products, the higher is business activity and efficiency of the recources use with time effect.
There are no recommenmded values for this indicator, because they vary strongly depending on the industry. The higher is value, the better. The experts of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in sectors, has developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios that can be recognized as normal for a particular industry. For sugar producing companies the practical value of inventory turnover ratio was from 3,01 in 2017.
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.
|Name, INN, region||Revenue, billion RUB||Net profit (loss), billion RUB||Inventory turnover, times||Solvency index Globas|
INN 3126019943 Belgorod region
INN 6804008674 Tambov region
INN 4826050108 Lipetsk region
|JSC LENINGRADSKY SUGAR PLANT
INN 2341006687 Krasnodar territory
|JSC USPENSKIY SAHARNIK
INN 2357005329 Krasnodar territory
INN 6824004406 Tambov region
|JSC Olkhovatsky Sugar Factory
INN 3618003708 Voronezh region
|JSC Zainsky Sakhar
INN 1647008721 The Republic of Tatarstan
|JSC SUGAR PLANT DOBRINSKI
INN 4804000086 Lipetsk region
|JSC ELAN-KOLENOVSKII SUGAR PLANT
INN 3617006819 Voronezh region
|Total for TOP-10 companies||73,18||64,82||11,04||2,16|
|Average value for TOP-10 companies||7,32||6,48||1,10||0,22||4,97||4,32|
|Average industrial value||1,28||1,19||0,17||0,01||3,34||3,01|
growth decrease of indicator to the previous period, decrease of indicator to the previous period.
The average indicator of the inventory turnover ratio of TOP-10 companies is above the industry average value and the practical one. In 2017 three companies out of TOP-10 have improved their indicators.
Over a ten-year period the industry average indicators of the inventory turnover ratio have decreasing tendency. (Picture 2).