Information agency Credinform has prepared a review of trends of the largest Russian companies of the light industry.
The largest manufacturers of textile, clothes and leather goods (TOP-1000) in terms of annual revenue were selected for the analysis according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2014-2019). The analysis was based on the data of the Information and Analytical system Globas.
The largest company in term of net assets is JSC GLORIA JEANS CORPORATION, INN 6166034397, Rostov region. In 2019, net assets value of the company amounted to 18,6 billion RUB.
The lowest net assets value among TOP-1000 belonged to LLC ZAVOD ELASTIK, INN 1651041168, the Republic of Tatarstan. In 2019, insufficiency of property of the organization was indicated in negative value of -2,0 billion RUB.
Covering the six-year period, the average net assets values have a trend to increase with a decreasing growth rate (Picture 1).
Over the past six years, the share of companies with insufficient property had a trend to decrease (Picture 2).
In 2019, the revenue volume of 10 largest companies of the industry was 29% of total TOP-1000 revenue (Picture 3). This is indicative of relatively high level of competition in the industry.
In general, there is a trend to increase in revenue with decreasing growth rate (Picture 4).
Profit and loss
The largest organization in term of net profit is PV OOO FIRMA TECHNOAVIA, INN 7724152603, Moscow. The company’s profit for 2019 reached 1,4 billion RUB.
Covering the six-year period, there is a trend to increase in average net profit with decreasing growth rate (Picture 5).
For the six-year period, the average net profit values of TOP-1000 have the increasing trend with the decreasing net loss (Picture 6).
Key financial ratios
Covering the six-year period, the average values of the current liquidity ratio were above the recommended one - from 1,0 to 2,0 with a trend to increase (Picture 7).
Covering the six-year period, the average values of ROI ratio have a trend to decrease (Picture 8).
Covering the six-year period, business activity ratio demonstrated the decreasing trend (Picture 9).
88% of TOP-1000 organizations are registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the Russian Federation. Their share in total revenue of TOP-1000 is almost 45% that is double the national average in 2018-2019 (Picture 10).
Main regions of activity
Companies of TOP-1000 are registered in 66 regions of Russia, and unequally located across the country. Almost 47% of companies largest by revenue are located in Moscow, Moscow region and Rostov region (Picture 11).
Financial position score
Assessment of the financial position of TOP-1000 companies shows that the majority of them have financial position above average (Picture 12).
Complex assessment of activity of the largest Russian providers of social services, taking into account the main indexes, financial ratios and indicators, demonstrates the prevalence of positive trends in the industry in 2014 - 2019 (Table 1).
|Trends and evaluation factors||Relative share of factors, %|
|Dynamics of the average net assets value||10|
|Rate of growth (decrease) in the average size of net assets||-10|
|Increase (decrease) in the share of enterprises with negative values of net assets||10|
|Level of competition / monopolization||5|
|Dynamics of the average revenue||10|
|Rate of growth (decrease) in the average size of revenue||-10|
|Dynamics of the average profit (loss)||10|
|Rate of growth (decrease) in the average 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 terms of revenue being more than 22%||10|
|Financial position (the largest share)||10|
|Solvency index Globas (the largest share)||10|
|Average value of relative share of factors||2,4|
positive trend (factor) , negative trend (factor).
Information agency Credinform has prepared a ranking of light industry enterprises in Russia. The manufacturers of textile, clothes, leather goods. (TOP-10) with the largest annual revenue were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available accounting periods (2017 - 2019). Then the enterprises were ranked by the accounts receivable turnover (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
The indicator reflects the procedure of satisfaction of liablilities to contractors. It is calculated for cash flow assesment, that gives an opportunity to make conclusions on company’s working efficiency and the chosen financial strategy.
The lower the indicator is, the faster an enterprise settles accounts with suppliers. The increase of turnover indicates both the problems with payment of accounts, and more effective organization of relations with suppliers, providing more profitable and well-managed payment schedule and using accounts receivable as a source of cheap financial resources.
In order to get the most comprehensive and fair picture of the financial standing of an enterprise it is necessary to pay attention to all combination of financial indicators and company’s ratios.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Accounts receivable turnover, days||Solvency index Globas|
|JSC GLORIA JEANS CORPORATION
INN 6166034397 Rostov region
|37 553,1||37 719,2||1 280,8||927,3||18,74||20,56||262 Medium|
|PV OOO FIRMA TECHHNOAVIA
INN 7724152603 Moscow
|15 467,6||16 719,9||1 855,9||1 433,7||21,95||22,86||184 High|
INN 7116128972 Tula region
|4 210,4||4 631,2||-427,1||762,8||23,75||26,25||250 Medium|
|AO FPG ENERGOKONTRAKT
INN 7703268269 Moscow
|6 221,9||6 728,2||268,9||212,7||32,98||30,43||207 Strong|
|NJSC Ralf Ringer
INN 7718160370 Moscow
|5 943,4||5 752,3||-107,6||-281,9||53,95||51,88||293 Medium|
INN 3702644450 Ivanovo region
|3 306,1||4 400,2||207,2||581,0||81,06||52,47||187 High|
|TDL TEXTILE, LLC.
INN 3730010504 Ivanovo region
|9 749,4||9 723,7||614,2||378,4||17,38||58,01||261 Medium|
|Company Limited BELLA
INN 5011021499 Moscow region
|7 411,2||8 463,4||225,6||491,1||62,65||61,83||165 Superior|
INN 7826741774 Leningrad region
|7 533,2||8 730,6||151,8||167,4||68,63||78,68||213 Strong|
INN 7721624833 Moscow region
|11 555,9||11 775,5||170,4||151,7||69,41||81,57||241 Strong|
|Average value for TOP-10||10 895,2||11 464,4||424,0||482,4||45,05||48,45|
|Average value for TOP-1000||379,4||390,9||17,3||16,3||116,05||124,10|
improvement compared to prior period, decline compared to prior period
Average value of accounts receivable turnover of TOP-10 is lower than the average TOP-1000 value. Four companies have the standard value in 2019 comparing to the previous period.
During 6 years the average industry values of accounts receivable turnover had a trend to increase. (Picture 2)