Information agency Credinform represents the ranking of the largest Russian wholesalers of fish and seafood. The trading 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 - 2017). Then they were ranked by return on sales ratio (Table 1). The analysis was made on the basis of the data of the Information and Analytical system Globas.
The spread in values of the return of sales in companies of the same industry is determined by differences in competitive strategies and product lines.
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. For wholesalers of fish and seafood the practical value of the return on sales ratio made 2,74% in 2017.
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, million rubles||Net profit (loss), million rubles||Return on sales, %||Solvency index Globas|
|ISLAND CO LTD
|RUSSIAN FISH COMPANY NJSC
|SK RITEIL NJSC
In process of reorganization in the form of acquisition of other legal entities, 25.05.2016.
|SK RYBA LLC
|LA MAREE LLC
|BLOK DMITRIYA DONSKOGO LLC
|NOREBO RU NJSC
|Total by TOP-10 companies||74706||74420||1425||982|
|Average value by TOP-10 companies||7471||7442||143||98||2,55||2,16|
|Industry average value||121||110||2||2||2,50||2,74|
— improvement of the indicator to the previous period, — decline in the indicator to the previous period.
The average value of the return on sales ratio of TOP-10 companies is below the industry average one and practical value. Three companies improved the result in 2017.
The industry average indicators of the return on sales ratio have a downward trend over the course of 10 years (Picture 2).
Today the IT market is rapidly changing; the leading positions are traditionally occupied by the American, Japanese and South Korean companies. China has joined the fray over leadership in one of the most high-tech spheres of human activity. The examples are such companies as Huawei or Alibaba (see table 1).
The paradox of the current moment is that non-market methods are used by the states with market-based economy to deter competitors – express prohibition of cooperation between multinational companies.
Thus, the U.S. Department of Commerce announced that Huawei Technologies and its 70 branches are included in Entity List on May 15, 2019. As a result, Huawei will not be able to buy spare parts and components from American manufacturers without approval of the US government.
Then Google stated that it would no longer supply the Android operating system to Huawei smartphones. The sold smartphones will remain without updates, including the trending Honor. Qualcomm (American manufacturer of chips) and ARM (British manufacturer of processors) are also informed about termination of cooperation with Huawei. Huawei will be able to overcome the negative consequences thanks to its own operating system and chips, the development of which is being successfully carried out.
Huawei produces every fifth smartphone in the world; it is already ahead of Apple and became the second manufacturer after Samsung. Seven years ago, the Chinese company occupied only three percent of the market. The growth of Huawei is a prime example of the Chinese national policy of technological superiority supported by the state.
The company has not only become a successful player in the consumer electronics market, but also become the largest manufacturer of telecommunications equipment. Huawei is aimed to be the flagman company in launching of 5G networks. The main competitors - Nokia and Ericsson are already seriously behind both in terms of equipment cost and market shares in most countries.
Great expectations are placed on 5G due to high speed and energy efficiency. This will allow to create the machine-to-machine communication systems: without 5G networks it is impossible to conduct a mass launch of self-driving vehicles, build smart cities and track a huge amount of data in real-time mode on industrial plants as well as in megalopolises. The 5G network will give the opportunities to manage the virtual objects simultaneously with other people.
The imposed USA restrictions will negatively influence on American IT corporations. The EU countries do not refuse to cooperate with Chinese partners. The market participants are thinking about reducing their dependence on American suppliers. New mobile operating systems and other computer architectures will be developed. In future, the US monopoly in IT industry will decline.
|Position||Company||2018 revenue, billion USD||Headquarters|
|1||Apple Inc.||$265,6||Cupertino, US|
|2||Samsung Electronics||$221,6||Suwon, South Korea|
|4||Hon Hai Precision/Foxconn||$150,3||New Taipei City, Taiwan|
|5||Alphabet Inc. (owner of Google)||$136,8||Mountain View, US|
|7||Nippon Telegraph and Telephone (NTT)||$109,3||Tokyo, Japan|
|9||Dell Technologies||$90,6||Round Rock, TX, US|
|12||IBM||$79,6||Armonk, NY, US|
|14||Intel||$70,8||Santa Clara, CA, US|
|16||HP Inc.||$58,5||Palo Alto, CA, US|
|18||$55,8||Menlo Park, U.S.|
|19||LG Electronics||$51,8||Seoul, South Korea|