Information agency Credinform represents an overview of activity trends of the largest companies in the real sector of the economy of Saratov region.
The enterprises with the largest volume of annual revenue of the real sector of the economy in Saratov region (TOP-1000) were selected for the analysis, according to the data from the Statistical Register for the latest available periods (2013-2017). The analysis was made on the basis of the data of the Information and Analytical system Globas.
|№||Name, INN, type of activity||Net assets value, bln RUB||Solvency index Globas|
|1||Interregional Distribution Grid Company of Volga PJSC
Power transmission and technological connection to distribution grids
|2||SARATOVSKII NEFTEPERERABATYVAYUSHCHII ZAVOD PJSC
Production of petroleum products
Provision of services in the field of oil and natural gas production
|4||GAZPROM TRANSGAZ SARATOV LLC
Gas pipeline transportation
Wholesale of solid, liquid and gaseous fuels and related products
Silk fabrics production
|997||SARATOVSKAYA PRIGORODNAYA PASSAZHIRSKAYA KOMPANIYA NJSC
Transportation of passengers by rail in intercity traffic
|998||GAZPROM MEZHREGIONGAZ SARATOV LLC
Sale of gaseous fuels supplied through distribution networks
|999||Saratov Storage Tank Construction Works NJSC
Manufacture of building metal structures, products and their parts
Process of being wound up, 05.12.2017
— growth of the indicator to the previous period, — decline of the indicator to the previous period.
The average values of net assets of TOP-1000 enterprises tend to increase over the five-year period (Picture 1).
The shares of TOP-1000 enterprises with insufficiency of assets have a tendency to increase in the last five years (Picture 2).
The revenue volume of 10 leading companies of the region made 34% of the total revenue of TOP-1000. (Picture 3). It points to a relatively low level of capital concentration in Saratov region.
In general, there is a trend towards an increase in revenue volume (Picture 4).
Profit and losses
The profit volume of 10 industry leaders of the region made 47% of the total profit of TOP-1000 companies in 2017 (Picture 5).
In general, the average profit of TOP-1000 enterprises trends to increase over the five-year period (Picture 6).
Average values of net profit’s indicators of TOP-1000 companies trend to increase for the five-year period, at the same time the average value of net loss decreases. (Picture 7).
Key financial ratios
Over the five-year period the average indicators of the total liquidity ratio of TOP-1000 enterprises were above the range of recommended values - from 1,0 up to 2,0, with a tendency to increase (Picture 8).
There has been a high level of average values of the return on investment ratio for five years, especially in 2013 - 2014, with a tendency to decrease (Picture 9).
This ratio of business activity showed a tendency to decrease over the five-year period (Picture 10).
The largest shares in the total revenue of TOP-1000 are owned by companies, specializing in the manufacture of food products and wholesale (Picture 11).
78% of TOP-1000 companies are registered in the Register of small and medium-sized businesses of the Federal Tax Service of the RF. At the same time, their share in the total revenue of TOP-1000 enterprises amounted to 25,5% (Picture 12).
Main regions of activity
The TOP-1000 companies are distributed unequal across Saratov region and registered in 38 districts and inhabited localities. 81% of the largest enterprises in terms of revenue are concentrated in the regional center - in Saratov and in Engels district (Picture 13).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that more than half of them are in a stable financial position and above average (Picture 14).
Industrial production index
According to the Federal Service of State Statistics, there is a tendency towards an increase in indicators of the industrial production index in Saratov region during 12 months of 2017 - 2018. (Picture 16).
According to the same information, the share of enterprises of Saratov region n the amount of revenue from the sale of goods, works, services made 0,48% countrywide for 9 months of 2018.
A comprehensive assessment of activity of the largest companies in the real sector of the economy of Saratov region, taking into account the main indices, financial indicators and ratios, points to the prevalence of positive trends (Table 2).
|Trend and evaluation factors of TOP-1000 enterprise||Specific share of factor, %|
|Rate of growth (decline) in the average size of net assets||10|
|Increase / decrease in the share of enterprises with negative values of net assets||-10|
|Concentration level of capital||10|
|Rate of growth (decline) in the average size of revenue||10|
|Rate of growth (decline) in the average size of 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||10|
|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 the region in terms of revenue being more than 30%||-10|
|Financial position (the largest share)||10|
|Solvency index Globas (the largest share)||10|
|Industrial production index||10|
|Average value of the specific share of factors||3,3|
— positive trend (factor), — negative trend (factor).
Information agency Credinform has prepared a ranking of the largest Russian furniture manufacturers. Furniture manufacturers with the largest annual revenue (TOP-10) were selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (2015 - 2017). Then they were ranked by revenue (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
Revenue and the ratio demonstrate the company’s scale and efficiency of its business activity. As a rule, the larger the revenue, the stronger its resistance to negative factors that could be ruinous for small and microenterprises. Revenue also reflects production capacity of a company, especially if taken over time. A real assessment of the company’s market competitiveness can be made by adding net profit ratio to the analysis. A high net profit ratio (higher than the average industry one) indicates a more favorable company’s position in relation to its competitors.
In general, the analysis of furniture production sector shows that this market is rather low concentrated, in other words, there is a large number of participants: 42,2% of total revenue is accounted for by TOP-50 companies, and 86,2% - by TOP-1000. In addition, both in 2016 and 2017 almost half of companies of the sector had a net profit ratio higher than the average industry value. This indicates that this market comprises mostly small and medium-sized companies, and that entry barriers are not high.
A combination of both indicators and their change over time is to be taken into account to get a full and fair view of financial standing of the companies of the sector. See the ranking of TOP-10 companies below (Table 1).
|Name, INN, region||Sales revenue, million RUB||Net profit (loss), million RUB||Net profit ratio, %||Solvency index Globas|
|MEBEL STYLE LLC
|Furniture factory Marya LLC
|KING OF SOFAS LLC
|OZ MICRON JSC
|JOINT STOCK FURNITURE COMPANY SHATURA
|IKEA INDUSTRY TIKHVIN LLC
|MZ5 GROUP LLC
|LTD ALIVE SOFAS
|Total for TOP-10 companies||48686||51836||1651||1349|
|Average for TOP-10 companies||4869||5184||165||135||2,88||2,81|
|Average industry value||26,1||28,8||0,7||0,7||2,77||2,37|
— improvement compared to prior period, — decline compared to prior period.
In 2017, seven of TOP-10 companies improved their revenue, and also seven companies advanced their efficiency and improved net profit ratio. Along with this, average sales revenue of TOP-10 grew, and average value of net profit declined slightly.
45,47% of total industry revenue in 2017 was produced by companies of the Central federal district (Picture 2). Moscow and the Moscow region have 15,37 and 14,1% of total revenue respectively, and St. Petersburg - 5,94%. In addition, 10,6% of companies’ legal addresses are in Moscow, 8,5% - in St. Petersburg, and 8% - in the Moscow region. This indicates that to some extent furniture production is concentrated in the Central federal district, and federal cities (Moscow and St. Petersburg) play an important role within the industry.
During the decade, average industry value of net profit ratio have been rather stable, excluding crisis years with small decrease (Picture 3). In general, the industry has coped the recession of 2013-2015 and has come to a stable level of the ratio.