Information agency Credinform has prepared a ranking of the largest Russian pharmaceutical wholesale distributors. The enterprises with the highest volume of revenue (TOP-10) have been selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (2015 and 2014) (TOP-10). Then they have been ranked by the 2015 return on sales ratio (Table 1).

Return on sales (%) is the share of operating profit in the total sales volume of the company. The return on sales ratio represents the efficiency of the company’s industrial and commercial activity and shows its funds that remained after having covered the cost of production, loan interest and tax payments.

The variety of values of return on sales of companies within one sector is determined by the difference in competitive strategies and product lines. Thus, having the same value of revenue, operation costs and earnings before tax, two different companies may have different return on sales due to the ratio of interest to the net profit.

The calculation of practical values of financial ratios, which might be considered as normal for a certain industry, has been developed and implemented in the Information and Analytical system Globas® by the experts of Information Agency Credinform, having taken into account the current situation in the economy as a whole and in the industries. The practical value of the return on sales ratio for pharmaceuticals wholesalers starts from 4,87.

For the most comprehensive and objective opinion on the company’s financial position, the whole set of financial indicators and ratios should be taken into account.

The average value of the 2015 return on sales ratio in TOP-10 group of companies is lower than practical value. Three companies of TOP-10 group of companies have a negative value of the ratio, four companies have a lower value, and three have a value that is higher than the practical one (red, yellow and green highlight respectively, in Table 1 and Picture 1).

Four companies of TOP-10 group decreased their revenue and net profit indicators (having loss) in 2015 as compared to the prior period (red highlight in Table 1).

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

Industry average values of the return on sales ratio (Picture 2) represent the macroeconomic situation in general, with declines during crisis periods.

Picture 2. Industry average values of the return on sales ratio of the largest Russian pharmaceuticals wholesalers in 2006 – 2015

Eight of TOP-10 companies got the highest or high solvency index Globas® that demonstrates their ability to pay their debts in time and fully.

PHARM-LOGISTIC LLC got a low solvency index Globas®, due to information concerning a bankruptcy claim against the company. In this regard, one is to expect the results of the case hearing. In addition to this, there are cases of late debt performance, unclosed writs of execution and loss within the balance sheet structure. Index development trends are negative.

NJSC SIA INTERNATIONAL LTD got a satisfactory solvency index Globas®, due to information concerning the company being a defendant in debt collection arbitration proceedings, untimely fulfillment of obligations and unclosed writs of execution. Index development trends are stable.

Information Agency Credinform presents a ranking of the largest Russian manufacturers of plastic goods (except for manufacturers of plastic package). The largest enterprises of the industry (TOP-10) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2015 and 2014). Then the companies were ranked by assets turnover ratio (Table 1).

Assets turnover (times) is the ratio of sales revenue and company’s average total assets for a period. It characterizes the effectiveness of using of all available resources, regardless the source of their attraction. The ratio shows how many times per year the full cycle of production and circulation is performed, generating the corresponding effect in the form of profit.

Taking into account the actual situation both for the economy in general and in industries, experts of the Information agency Credinform developed and realized in the Information and Analytical system Globas® calculation of actual values of financial ratios that can be normal for the particular industry. For plastic good manufacturers companies practical value of the net profit ratio in 2015 was from 1,47.

For the most full and fair opinion about company’s financial position not only the compliance with standard values, but the whole set of financial indicators and ratios should be taken into account.

In 2015 average values of the assets turnover ratio within TOP-10 and TOP-500 group of companies is higher than the practical value. Five companies from TOP-10 group have indicators that are lower than the practical values and another five have indicators higher than practical values (marked with green and yellow filling, correspondently, in Picture 1).

Picture 1. Assets turnover ratio and revenue of the largest Russian manufacturers of plastic goods (TOP-10)

Average industrial values of the assets turnover ratio (Picture 2) in general show macroeconomic situation decreasing during crisis periods.

Picture 2. Average industrial values of the assets turnover ratio of Russian manufacturers of plastic goods in 2006 – 2015

All TOP-10 companies have got the highest or high solvency index Globas®, that shows their ability to meet their obligations in time and fully.

Five companies out of the TOP-10 group in 2015 decreased indicators of revenue or net profit (have loss) compared to the previous period (marked with red filling in the Table 1).