Information agency Credinform prepared a ranking of product profitability of the largest Russian brewers. The Russian companies (Top-10) with the highest volume of revenue were selected for this ranking according to the data from the Statistical Register for the latest available periods (2016 and 2015). The enterprises were ranked by decrease in product profitability (see table 1). The analysis was based on data from the Information and Analytical system Globas.
Product profitability is sales revenue to expenses from ordinary activities. Profitability in general indicates the economic efficiency of production. Analysis of product profitability allows to conclude about an output expediency. There is no standard value for profitability indicators, because they change in accordance with the industry the company operates in.
Taking into account the actual situation both in economy in general and in the sector, the experts of the Information agency Credinform have developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios, which can be recognized as normal for a particular industry. The practical value for companies engaged in brewing in 2016 is from 8,61.
For the most complete and objective view of the financial condition of the enterprise it is necessary to pay attention to the complex indicators and financial ratios of the company.
|Name, INN, region||Revenue, mln RUB||Net profit, mln RUB||Product profitability, %||Solvency index Globas|
|PJSC TOMSKOE PIVO
INN 7018011045 Tomsk region
|4 762,4||5 095,6||1 420,3||1 191,7||32,14||32,44||178 High|
|LLC ZAVOD TREKHSOSNENSKIY
INN 7302023991 Samara region
|2 470,0||6 726,5||-249,7||-1 098,5||1,17||26,25||550 Insufficient|
|Baltika Breweries LLC
INN 7802849641 Saint-Petersburg
|86 608,4||90 525,2||12 030,9||14 308,2||19,70||18,59||183 High|
INN 5321030165 Novgorod region
|3 244,5||4 341,4||113,7||214,8||16,51||14,76||230 Strong|
INN 1901003094 The Republic of Khakassia
|3 288,4||3 547,5||279,5||276,7||9,49||9,43||155 Superior|
|CJSC Moscow beer and alcohol-free plant Ochakovo
NN 7729101200 Moscow
|7 514,1||8 247,7||400,4||215,9||10,14||6,16||163 Superior|
|LLC Heineken United Breweries
INN 7802118578 Saint-Petersburg
|35 017,1||36 852,4||-1 195,5||1 893,7||3,97||3,62||229 Strong|
|CJSC MOSCOW BREWING COMPANY
INN 5029104266 Moscow region
|14 910,9||17 731,1||-771,3||20,0||14,12||2,24||262 Medium|
|CJSC "Moscow-Efes Brewery"
INN 7726260234 Moscow
|35 122,6||38 553,0||-1 366,4||1 994,5||10,97||0,40||235 Strong|
|JSC SUN INBEV
INN 5020037784 Moscow region
|39 329,0||41 662,6||-9 772,3||-1 844,1||-1,89||-3,29||294 Medium|
|Total for TOP-10||232 267,4||253 283,1||889,6||17 173,0|
|Average value for TOP-10 companies||23 226,7||25 328,3||89,0||1 717,3||11,63||11,06|
|Average value for industry||303,0||283,1||6,3||19,0||11,96||8,61|
Average value of product profitability ratio for the TOP-10 in 2016 is above the practical average. Five companies in TOP-10 have values higher than practical in 2016, four companies – lower, and JSC SUN INBEV has negative value (marked with green, orange and red in columns 6 and 7 of Table 1 respectively). Only two companies in the top of the ranking have increased product profitability figures in 2016 compared to the previous period, or have losses (filled with red in columns 3 and 5 of Table 1).
All Top-10 companies have increased revenue figures in 2016 compared to the previous period; five companies have reduced net profit figures or have losses (filled with green and red in columns 3 and 5 of Table 1 respectively).
The average industry indicators of product profitability ratio over the past ten years demonstrate trend to reduction. This may indicates a decrease in economic efficiency in this field (Picture 2).
Nine companies in TOP-10 got high, strong, medium and superior indexes Globas, that indicates their ability to timely and fully fulfill debt liabilities.
LLC ZAVOD TREKHSOSNENSKIY has got insufficient Solvency index Globas, due to the bankruptcy case considered against the company and availability of information on unclosed writs of execution. Indexes development forecast is negative.
Information agency Credinform offers a ranking of the largest companies for the construction of residential and non-residential buildings, being the largest in the Northwestern Federal District of Russia. 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 (for 2015 and 2016). Then they were ranked by equity turnover ratio in 2016 (Table 1). The analysis is based on data of the Information and Analytical system Globas.
Equity turnover ratio (times) is calculated as a relation of revenue to annual average sum of equity and demonstrates the company’s usage rate of all available assets.
Equity turnover ratio reflects the turnover rate of own capital. The high value of this indicator indicates the effectiveness of use of own funds. Accordingly, low ratio value indicates about inaction of the part of own funds.
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 companies for the construction of residential and non-residential buildings the practical value of the equity turnover ratio was from 9,36 in 2016.
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, mln RUB||Net profit, mln RUB||Equity turnover ratio, times||Solvency index Globas|
INN 7804529206 St. Petersburg
|3 353,6||10 092,8||41,7||165,7||80,31||80,99||270 Medium|
INN 7802841385 St. Petersburg
|7 928,4||8 258,1||60,4||87,1||110,12||71,47||251 Medium|
INN 7705506818 Leningrad region
|9 100,5||8 630,9||233,5||58,7||64,77||32,74||197 High|
INN 7801174139 St. Petersburg
|10 892,5||10 364,2||110,5||554,8||133,64||28,23||170 Superio|
|RENAISSANCE HEAVY INDUSTRIES LLC
INN 7802772445 St. Petersburg
|17 123,3||33 262,2||476,0||402,7||20,37||25,99||263 Medium|
INN 7804079525 St. Petersburg
|23 379,2||12 111,5||177,1||-156,1||23,93||13,21||286 Medium|
|RENAISSANSE CONSTRUCTION NJSC
INN 7814017341 St. Petersburg
|21 984,2||18 124,2||460,1||597,8||18,44||10,97||200 Strong|
|PRODUCTION COMPANY VIS LLC
INN 7816158919 Leningrad region
|24 789,3||19 964,6||2 512,2||2 813,9||10,22||4,96||219 Strong|
|LSR. NEDVIZHIMOST-SEVERO-ZAPAD LLC
INN 7826090547 St. Petersburg
|27 937,3||33 947,0||6 864,6||6 777,1||2,07||1,93||188 High|
|SSMO LENSPETSSMU NJSC
INN 7802084569 St. Petersburg
|22 453,7||20 910,9||6 284,5||3 579,2||0,81||0,66||195 High|
|Total by TOP-10 companies||168 942,1||175 666,5||17 220,6||14 880,9|
|Average value by TOP-10 companies||16 894,2||17 566,6||1 722,1||1 488,1||46,47||27,12|
|Industry average value||55,4||57,2||-1,3||0,4||8,02||9,36|
The average indicator of the equity turnover ratio of TOP-10 companies in 2016 is above the practical value. Two from TOP-10 enterprises have the ratio value above the practical one and eight enterprises - below (are marked with green and orange fillings in columns 6 and 7 in Table 1, respectively). Only two firms succeeded increasing the indicators of equity turnover in 2016 (are marked with green filling in column 7 in Table 1).
Eight from the TOP-10 companies reduced revenue or net profit indicators in 2016 in comparison with the previous period or have a loss (are marked with green and red fillings in columns 3 and 5 in Table 1).
The industry average values of the equity turnover ratio tend to increase over the past seven years. It can point to an increase of the efficiency of use of company’s own funds in this field of activity (Picture 2).
All TOP-10 companies got the Superior and High or Strong and Medium solvency index Globas, that testifies to their ability to repay their debt obligations timely and fully.