Information agency Credinform has prepared a ranking of the Russian recruiting agencies. The largest enterprises (TOP-10 and TOP-100) in terms of annual revenue were selected according to the data from the Statistical Register and the Federal Tax Service for the available periods (2018-2020). Then the companies were ranged by profitability of sales ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
The rage of ratio’s values within companies of the same industry is defined by the differences in competitive strategies and product lines.
The calculation of practical values of financial indicators, which might be considered as normal for a certain industry, has been developed and implemented in the Information and Analytical system Credinform by the experts of Information Agency Globas, taking into account the actual situation of the economy as a whole and the industries. The practical value of profitability of sales ratio for the recruiting agencies is from 0,62 to 17,56%%.
For the most full and fair opinion about the company’s financial position, the whole set of financial indicators and ratios of the company should be taken into account.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Return on assets, %||Solvency index Globas|
|LLC AVANTA SOLUTONS
INN 7707309438 Moscow
|1 913,0||1 561,7||76,7||61,6||4,03||4,25||184 High|
|LLC EMPLOYMENT AGENCY MANPOWER
INN 7714364630 Moscow
|1 451,4||884,6||2,3||3,3||2,52||3,05||229 Strong|
|BUSINESS PROCESS COMPANY LIMITED
INN 7842450613 St.Petersburg
|HAYS SPECIALIST RECRUITMENT LIMITED LIABILITY COMPANY
INN 7704720488 Moscow
|LLC MPH VOSTOK
INN 7708650841 Moscow
INN 6376025977 Samara Region
|LLC COLEMAN SERVICES
INN 5019016123 Moscow
|337,1||2 489,0||-2,5||2,8||-0,97||0,41||247 Strong|
|LLC GK CITY
INN 1832145345 Udmurt Republic
|807,1||1 758,4||0,4||0,8||0,18||0,11||261 Medium|
|LLC Kelly Services CIS
INN 7710284310 Moscow
|6 185,0||6 748,5||26,6||117,2||0,71||0,18||192 High|
INN 1659134777 Moscow
|1 398,3||1 393,2||3,1||0,0||-0,30||-0,62||266 Medium|
|Average value for TOP-10 companies||1 462,5||1 750,5||15,0||20,7||-1,95||1,31|
|Average value for TOP-100 companies||345,2||337,2||7,0||9,9||4,30||5,71|
|Average industry value||29,3||22,6||1,7||0,7||7,19||3,89|
growth of indicator in comparison with prior period, decline of indicator in comparison with prior period
In 2020, the average values of profitability of sales for TOP-10 companies is lower and for TOP-500 is higher than the industry average values, they are within the practical values. In 2020 and 2019, two and three companies respectively showed the negative results. In 2020, five companies demonstrated the decline in indicators, in 2019 there were seven companies like this.
At the same time, in 2020, five companies showed the increase in revenue and seven companies demonstrated the increase in net profit.
The TOP-10 average revenue increased by almost 20%, the decrease in TOP-100 ratio amounted to 2%, and the industry average value decreased by almost 23%
The TOP-10 average profit increased by 28%, TOP-100 by 41%, however, the industry average value decreased by 13 times.
In general, during the last 5 years, the growth of average industry indicators of profitability of sales ratio was observed twice. The ratio reached its highest values in 2018, and the worst result is shown in 2016 (Picture 1).
Information agency Credinform represents a review of activity trends among the companies in Nizhniy Novgorod.
The largest companies with the highest annual revenue (TOP 1000) were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2016 – 2020). The selection and analysis of companies were based on the data of the Information and Analytical system Globas.
The largest company in term of net assets is JSC TRANSNEFT-VERKHNYAYA VOLGA, INN 5260900725, oil pipeline transportation. In 2020, net assets value of the company almost exceeded 142 billion RUB.
The lowest net assets value among TOP 1000 belonged to LLC HYGIENE TECHNOLOGIES, INN 5261058974, production of paper products for household and sanitary purposes. In 2020, insufficiency of property of the enterprise was indicated in negative value of -2,4 billion RUB.
Covering the five-year period, the average net assets values of TOP 100 have a trend to increase with the decreasing growth rate (Picture 1).
Over the past five years, the share of companies with insufficient property had a positive trend to decrease (Picture 2).
In 2020, the revenue volume of ten largest companies was near 45% of total TOP 1000 revenue (Picture 3). This is indicative of a high level of capital concentration among companies in Nizhniy Novgorod.
In general, there is a trend to increase in revenue with the decreasing growth rate (Picture 4).
Profit and loss
КIn 2020, the largest organization in term of profit was JSC ATOMSTROYEKSPORT, INN 7701186067, activities of the customer-developer, general contractor. The company’s profit exceeded 24 billion RUB. Covering the five-year period, there is a trend to increase in average net profit and growth rate (Picture 5).
For the five-year period, the average profit of TOP 1000 had the increasing trend with the increasing net loss (Picture 6).
Key financial ratios
Covering the five-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 five-year period, the average values of ROI ratio were at the relatively high level with a trend to decrease (Picture 8).
Covering the five-year period, business activity ratio demonstrated the decreasing trend (Picture 9).
75% of companies of TOP 1000 are registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the Russian Federation. In 2020, their share in total revenue of TOP 1000 is 16,7%, lower than the average country values in 2018-2019 (Picture 10).
Financial position score
Assessment of the financial position of TOP 1000 companies shows that the financial position of the majority of them is above average (Picture 11).
Complex assessment of activity of largest companies in Nizhniy Novgorod, taking into account the main indexes, financial ratios and indicators, demonstrates the prevalence of positive trends in their activities in 2016 - 2020 (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||-10|
|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 20%||-10|
|Financial position (the largest share)||10|
|Solvency index Globas (the largest share)||10|
|Average value of relative share of factors||2,2|
positive trend (factor) , negative trend (factor)