Information agency Credinform represents a ranking of the largest Russian pharmaceuticals wholesalers. The companies with the largest volume of annual revenue (TOP-10) were selected for the ranking, according to the data from the Statistical Register for the latest available periods (2016 - 2018). They were ranked by return on sales ratio (Table 1). The analysis was based on the data of the Information and Analytical System Globas.

Return on sales (%) is a share of operating profit in total sales. The ratio indicates the company’s operational and commercial efficiency, and the volume of company’s funds from the sale of products after covering its cost, taxes and interest on loans.

Spread in values of the ratio for companies from the same industry is determined by differencies in competitive strategies and products range.

The experts of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in the 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. The practical value of rerun on sales ratio for the pharmaceuticals wholesalers is from 4,05% in 2017.

For the most complete and objective view of the financial condition of the enterprise, it is necessary to pay attention to the complex of indicators and financial ratios of the company.

Table 1. Net profit, revenue, return on sales ratio, solvency index Globas of the largest Russian pharmaceuticals wholesalers (TOP-10)

Name, INN, region	Revenue, billion RUB		Net profit (loss), billion RUB		Return on sales, %		Solvency index Globas
	2017	2018	2017	2018	2017	2018
1	2	3	4	5	6	7	8
JSC PHARMSTANDARD INN 0274110679 Moscow region	37,22	57,22	12,35	45,51	20,25	17,46	159 Superior
JOHNSON & JOHNSON LLC INN 7725216105 Moscow	55,42	56,43	3,36	2,19	9,12	4,44	197 High
JSC BAYER INN 7704017596 Moscow	54,03	55,97	0,71	0,06	8,53	2,47	218 Strong
FARMPERSPEKTIVA LLC INN 6312050583 Kaluga region In process of reorganization in the form of transformation since 03.09.2019	48,94	55,40	0,32	0,37	1,72	2,24	210 Strong
JSC SCIENTIFIC PRODUCTION COMPANY KATREN INN 5408130693 Novosibirsk region	211,07	193,90	1,45	2,45	1,28	2,12	228 Strong
JSC CV PROTEK INN 7724053916 Moscow	215,49	199,43	2,29	2,48	-0,90	-0,75	196 High
GOOD DISTRIBUTION PARTNERS LLC INN 9705031526 Moscow	40,12	37,17	0,01	-2,35	-0,52	-1,44	335 Adequate
PC PULSE LLC INN 5047045359 Moscow region	149,67	185,78	1,23	3,90	-3,91	-2,22	186 High
SIA INTERNATIONAL LTD INN 7714030099 Moscow	61,18	34,03	0,04	-1,44	-1,57	-2,83	291 Medium
PHARMKOMPLEKT LLC INN 5262036363 Nizhniy Novgorod region	41,12	51,50	0,26	0,44	-4,58	-3,29	188 High
Total for TOP-10 companies	914,27	926,84	22,02	53,61
Average value for TOP-10 companies	91,43	92,68	2,20	5,36	2,94	1,82
Industry average value	0,22		0,01		4,05

growth of indicator to the previous period, decrease of indicator to the previous period.

The average indicator of return on sales ratio of TOP-10 companies is below the industry average and practical values of 2017. In 2018, five companies of TOP-10 increased their figures.

Picture 1. Return on sales ratio and revenue of the largest Russian pharmaceuticals wholesalers (TOP-10)

Over the past 10 years, the industry average values of return on sales ratio have a trend to increase (Picture 2).

Picture 2. Change in the industry average values of return on sales ratio of the largest Russian pharmaceuticals wholesalers in 2008 – 2017

Since August 13, 2019, the purchase from citizens of products made from precious metals and stones, the processing of scrap from them is subject to obligatory licensing.

This provision is contained in the Federal law №282-ФFZ dated 02.08.2019.

In particular, amendments to the «Federal law on licensing of certain types of activity» provide for licensing of the following activities:

• purchase from individuals of jewelry and other goods made from precious metals and precious stones, scrap of these products;
• working and processing of scrap and waste of precious metals, with the exception of scrap and waste obtained and collected by organizations and sole proprietors while their own producing, or jewelry and other goods made from precious metals of own production, unrealized and returned to manufacturers.

Organizations and sole proprietors, performing these types of activities at the time the amendments were introduced, must obtain the appropriate licenses or complete this activity no later than 1,5 years from the start date of the law.

It should be noted that the Russian Classification of Economic Activities (OKVED), approved by the Order of Rosstandart №14-st from 31.01.2014 in force as of 20.02.2019, does not contain the type of activity on the purchase from individuals of jewelry and other goods made from precious metals and precious stones, scrap of these products.

According to the Information and Analytical system Globas, currently there are about 2300 operating business entities in Russia that process waste and scrap of precious metals. Information on these legal entities and sole proprietors is available in full to subscribers of Globas.