ТОP-10 of refrigerator manufacturers

Information agency Credinform has prepared a ranking of the largest Russian manufacturers of refrigerators and ventilation equipment. The largest enterprises (TOP-10 and TOP-1000) in terms of annual revenue were selected according to the data from the Statistical Register and the Federal Tax Service for the available periods (2017-2019). Then the companies were ranged by credit period (Table 1). The analysis was based on the data from the Information and Analytical system Globas.

Credit period (days) is calculated as a ratio of average trade payables for a period to sales revenue. The ratio shows for how many days whithin a year the company repaid the average amount of its accounts payable.

The ratio reflects the process of debt repayment to counterparties; it is calculated for the evaluation of cash flows, which allows to draw conclusions on company’s effectiveness and the chosen financial strategy.

The lower the indicator, the faster the company pays the supplier's bills. An increase in turnover may indicate about the problems with bills payment as well as more effective relationships with suppliers, which provide more profitable, deferred payment schedule and use accounts payable as a source of cheap financial resources.

For the most full and fair opinion about the company’s financial position the whole set of financial indicators and ratios should be taken into account.

Table 1. Net profit, revenue, credit period, solvency index Globas of the largest Russian manufacturers of refrigerators and ventilation equipment (ТОP-10)

Name, INN, region	Revenue, million RUB		Net profit (loss), million RUB		Credit period, days		Solvency index Globas
	2018	2019	2018	2019	2018	2019
1	2	3	4	5	6	7	8
LLC KONTUR K INN 6952027776 Tver region	3 346	3 831	387	139	24,27	21,02	275 Medium
JSC СONTAСT INN 1215013114 Mari El Republic	3 563	4 227	199	415	33,36	29,24	184 High
LLC DANFOSS INN 5017050538 Moscow region	17 631	19 433	466	786	47,07	50,30	210 Strong
LLC VEZA INN 7720040225 Moscow region	7 679	9 246	1 043	1 126	43,01	51,72	182 High
LLC Frigoglass Eurasia INN 5752019857 Oryol region	7 179	9 546	717	1 206	70,85	65,92	218 Strong
LLC GEA Grasso Refrigeration INN 7719217750 Moscow	3 544	6 021	211	694	135,66	107,55	215 Strong
UBC COOL-B LTD INN 3120083886 Belgorod region	4 478	3 820	290	77	87,94	112,60	239 Strong
LLC ENERGOINNOVATSIYA INN 5074048366 Moscow	3 095	3 606	1	2	111,26	119,08	281 Medium
CRYOGENMASH JSC INN 5001000066 Moscow region	6 182	9 927	863	-633	253,25	194,26	293 Medium
JSC URAL PLANT OF CHEMICAL MACHINE-BUILDING INN 6664013880 Sverdlovsk region	5 787	5 057	145	36	224,20	230,90	291 Medium
Average value for TOP-10 companies	6 248	7 471	432	385	103,09	98,26
Average value for TOP-1000 companies	198	200	7	10	299,39	346,76

growth of indicator in comparison with prior period, decline of indicator in comparison with prior period

The average value of credit period for TOP-10 companies is better than ТОP-1000 value. In 2019, five companies improved the result in comparison with prior period.

Picture 1. Credit period and revenue of the largest Russian manufacturers of refrigerators and ventilation equipment (ТОP-10)

Within 6 years, the TOP-1000 average indicators of credit period showed the negative upward trend (Picture 2).

Picture 2. Change in average values of credit period of the largest Russian manufacturers of refrigerators and ventilation equipment in 2014 – 2019