Information agency Credinform has prepared a ranking of the largest Russian heat power companies. The largest enterprises (TOP-10) in terms of annual revenue were selected according to the data from the Statistical Register for the available periods (2016-2018). Then the companies were ranged by ROI ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
In general, normative values for ROI ratio are not set as they are changing due to the industry in which company operates.
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.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||ROI ratio, %||Solvency index Globas|
INN 5257087027 Nizhny Novgorod region
|PJC Territorial Generation Company No.2
INN 7606053324 Yaroslavl region
|Bashkir Heat Distribution System LLC
INN 0277072661 Republic of Bashkortostan
INN 8901025421 Yamalo - Nenets Autonomous Okrug
|JSС MOSCOW INTEGRATED POWER COMPANY
INN 7720518494 Moscow
|JSC QUADRA - POWER GENERATION
INN 6829012680 Tula region
|GUP TEK SPB
INN 7830001028 Saint Petersburg
INN 5190907139 Murmansk region
|JSC URAL DISTRICT HEATING COMPANY
INN 7203203418 Tyumen region
INN 6315530348 Samara region
|Total for TOP-10 companies||323315,60||346095,42||10926,38||16273,33|
|Average value for TOP-10 companies||32331,56||34609,54||1092,64||1627,33||15,39||4,68|
|Average industry value||133,86||146,50||-2,77||-1,98||-3,84||-2,59|
growth of indicator in comparison with prior period, decline of indicator in comparison with prior period.
In 2018, the average value of ROI ratio for TOP-10 companies is higher than average industry value. Four companies improved the results.
Within 10 years, the average industry indicators of ROI ratio are in the zone of negative values with the growing tendency. (Picture 2).
When identifying the level of social and economic development at international comparison of the countries, the universal indicator of GDP per capita is used. However, it is not always accurate. There are countries with low GDP per capita, and high life expectancy.
For example, life expectancy at birth in Cuba is 79,1 years, when in the USA it is 77,8 years. Cuba has high level of available medicine and education. Therefore, the wealth of the country does not always determine the quality of life of its inhabitants.
In this regard, Human Development Index as more objective indicator was developed.
In comparison for 2018, Russia’s HDI is 0,816, which corresponds to the very high human development level. In TOP-20 largest economies, our country is ranked 11th by HDI. Germany is the leader in this regard: at GNI (PPP) almost equal to the Russia’s one, Germany’s HDI is 0,936 (see Table 1).
|Rank||Country||Human Development Index in 2018||GNI (PPP), trillion dollars, 2019||Rank by GNI|
|1||Germany||VERY HIGH||0,936||4 444||5|
|4||Great Britain||0,922||3 131||9|
|6||Republic of Korea||0,903||2 320||14|
|10||Saudi Arabia||0,8533||1 899||17|
Source: International Monetary Fund, Human development report (UN), calculations by Credinform
Being the largest economy, China is ranked the 17th and is inferior to Russia and most of TOP-20 participants by HDI.
Despite being the third largest economy, India closes the ranking. The country have a long way to increase wellbeing of inhabitants and introduction of mass education.
Picture 1 demonstrates the dependence of GNI (PPP) on HDI.
The presented ranking method is being criticized because of formal approach and small number of indicators for calculation. It bears remembering the difference in access to data, while income level, education and life expectancy are one of the most universal indicators describing the societal development.