Information Agency Credinform has prepared the ranking of the companies engaged in the coal industry.
The largest enterprises in terms of revenue were selected according to the data from the Statistical Register for the latest available period (for the year 2013). Then, the companies were ranged by decrease in inventory turnover.
Inventory turnover (times) – is a ratio of revenue to average value of stocks for a period. The ratio shows the speed of inventories sale.
The ratio is characterized by the company’s effectiveness of using of the resources taking into account the time factor.
The standard value of the ratio is not set, herewith it is recommended to maximize its value.
While making an assessment of the company’s activity, the industry average rate should be taken into account.
For the most full and fair opinion about the company’s financial condition, not only the average revenue values should be taken into account, but also the whole set of financial data.
|№||Name||Region||Revenue, mln. RUB, 2013||Inventory turnover, times||Solvency index GLOBAS-i®|
|1||OPEN JOINT STOCK COMPANY SUEK-KRASNOYARSK
|Krasnoyarsk Territory||18 115,0||44||270 high|
|Kemerovo region||29 872,9||30||284 high|
|3||JSC OUK Juzhkuzbassugol
|Kemerovo region||30 574,4||27||288 high|
|4||OPEN JOINT STOCK COMPANY KUZBASSKAYA TOPLIVNAYA COMPANY
|Kemerovo region||18 949,4||25||258 high|
|Komi Republic||25 894,2||17||282 high|
|6||JSC Tugnuisky razrez
|The Republic of Buryatia||19 770,0||16||248 high|
|7||OPEN JOINT STOCK COMPANY SUEK-KUZBASS
|Kemerovo region||60 492,0||16||330 satisfactory|
|8||JOINT STOCK COMPANY COAL COMPANY KUZBASSRAZREZUGOL
|Kemerovo region||52 298,7||9||295 high|
|9||JONT STOCK COMPANY YUZHNYI KUZBASS
|Kemerovo region||29 139,8||8||306 satisfactory|
|The Republic of Sakha (Yakutia)||19 081,4||8||331 satisfactory|
Picture 1. Inventory turnover and revenue of the largest coal mining enterprises (Top-10)
According to the latest financial statements, the revenue of the companies engaged in the coal industry amounted to 304,2 bln. RUB, which is about 49% of the total industry revenue. In 2013 the total revenue of Top-10 enterprises decreased by 6,1% from the level of 2012.
The average inventory turnover is 16 times. Almost all leaders of the market exceed the average value of the index, that allows them to attract additional revenue and indicates the existence of better production cycle.
The highest speed of the inventory turnover (44 times) showed OJSC SUEK-KRASNOYARSK – the largest manufacturer of brown coal in the Krasnoyarsk Region.
OJSC SUEK-KUZBASS – the largest coal enterprise in Russia by revenue makes 16 cycles of inventory turnover per year.
According to an independent assessment of the Information Agency Credinform, seven out of ten participants from the Top-10 list received the high solvency index. Such fact speaks about ability of the largest market participants to meet its obligations on time and fully, the risk of unfulfillment is low.
OJSC SUEK-KUZBASS, JSC YUZHNYI KUZBASS, OJSHC YAKUTUGOL have the satisfactory solvency index, which shows to a potential investor the need of attraction of the additional guarantees for credit and business-cooperation purposes.
The industrial production in Russia increased by 3,9% in December 2014 comparing with the corresponding period of 2013. The growth was recognized after the drop of this indicator in November by 0,4% and the growth by 2,9% following the October results.
The growth of the industrial production in December in comparison with November amounted to 8,1%. By contrast in December 2013 this indicator amounted to 3,6%. At the same time the results of the last December became a total surprise for the experts. Thus, the analysts forecasted the growth following the results of December for less than 1,4%.
Dynamics of industrial production index