Information agency Credinform represents an overview of trends in the activity of companies, producing computers, electronic and optical products.
Enterprises with the largest volume of annual revenue, producing computers, electronic and optical products (TOP-10 and TOP-1000), were selected for the analysis, according to the data from the Statistical Register for the latest available periods (for 2015 and 2016). The analysis was made on the basis of the data of the Information and Analytical system Globas.
The indicator, reflecting the real value of company’s property, is calculated annually as the difference between assets on the enterprise balance and its debt obligations. The indicator of net assets is considered negative (insufficiency of property), if company’s debt exceeds the value of its property.
|№ in TOP-1000||Name, INN, region||Net assets value, mln RUB.*||Solvency index Globas|
|1.|| SAMSUNG ELECTRONICS RUS KALUGA LLC
|28 764||31 504||37 868||197 High|
|2.|| MIKRON PJSC
|10 823||6 058||10 440||284 Medium|
|3.|| OMSKOE PROIZVODSTVENNOE OBYEDINENIE "RADIOZAVOD IMENI A.S. POPOVA" (RELERO) PJSC
|5 200||5 693||5 877||193 High|
|4.|| TECHNOLOGY COMPANY SCHLUMBERGER LLC
|7 023||8 870||5 253||246 Strong|
|5.|| THE CONCERN ENERGOMERA JSC
|5 271||5 296||5 183||212 Strong|
|996.|| AMBER LLC
|997.|| ZAVOD YUPITER NJSC
|998.|| TOMSK RADIO ENGINEERING FACTORY PJSC
|999.|| SARANSK TELEVISION PLANT PJSC
Republic of Mordovia
|1 156||1 376||-972||287 Medium|
|1000.|| ANGSTREM-T PJSC
|-2 773||-35 604||-25 517||308 Adequate|
*) – the indicators of growth or decline to the previous period are marked in columns 4 and 5 with green and red fillings, respectively.
The revenue of 10 industry leaders made 25% of the total revenue of TOP-1000 companies in 2016. It points to a relatively high level of competition in the industry (Picture 2).
In general, there is a trend towards an increase in volume revenue (Picture 3).
Profit and losses
The profit volume of 10 industry leaders in 2016 made 42% of the total profit of TOP-1000 companies (Picture 4).
Industry average profit’s indicators of companies of the industry for the ten-year period trend to increase (Picture 5).
Over a three-year period, the average values of profit indicators of TOP-1000 companies tends to increase, and the average value of net loss decreases (Picture 6).
Key financial ratios
Over the ten-year period the industry average indicators of the total liquidity ratio were in the range of recommended values — from 1,0 up to 2,0 (Picture 7). In general, the ratio indicator tends to increase.
The total liquidity ratio (the relation of the amount of current assets to short-term liabilities) shows the sufficiency of company’s funds for repayment of its short-term liabilities.
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 companies, producing computers, electronic and optical products, the practical value of the total liquidity ratio made from 1,00 up to 4,06 in 2016.
There has been an instability observed in indicators of the return on investment ratio, for ten years, with a tendency to decrease (Picture 7). The ratio is calculated as the relation of net profit to the sum of own capital and long-term liabilities and demonstrates the return on the equity involved in the commercial activity of own capital and the long-term borrowed funds of an organization.
Asset turnover ratio is calculated as the relation of sales proceeds to the average value of total assets for a period and characterizes the efficiency of use of all available resources, regardless of the sources of their attraction. The ratio shows how many times a year a complete cycle of production and circulation is made, yielding profit.
As a whole, this business activity ratio showed a tendency to decrease over the ten-year period (Picture 9).
The largest share in the total revenue of TOP-1000 is owned by companies, specializing in the manufacture of navigation, measuring and control appliances and devices and the manufacture of watches (Picture 10).
Main regions of activity
TOP-1000 companies are unequally distributed across the Russian territory and registered in 64 regions (Picture 11).
Financial position score
An assessment of the financial position of companies in the industry shows that the largest number is in a stable financial position and above the average (Picture 12).
Solvency index Globas
Most of TOP-1000 companies got High or Strong/Medium Solvency index Globas, that points to their ability to repay their debts in time and fully (Picture 13).
Thus, a comprehensive assessment of enterprises, producing computers, electronic and optical products, taking into account the main indices, financial indicators and ratios, points to the prevalence of favorable trends in the industry.
Information agency Credinform offers a ranking of the largest Russian manufacturers of computers, electronic and optical products. The 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 2016 and 2015). Then they were ranked by equity turnover ratio (Table 1). The analysis is based on data of the Information and Analytical system Globas.
Equity turnover ratio (times) is calculated as a relation of revenue to annual average sum of equity and demonstrates the company’s usage rate of all available assets.
Equity turnover ratio reflects the turnover rate of own capital. The high value of this indicator shows the effectiveness of use of own funds. Accordingly, low ratio value shows inaction of the part of own funds.
The experts of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in 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 manufacturers of computers, electronic and optical products the practical value of the equity turnover ratio was from 2,04 in 2016.
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, mln RUB||Net profit, mln RUB||Equity turnover ratio, times||Solvency index Globas|
| LLC PK AKVARIUS
|5 877,2||9 491,4||312,1||223,5||7,22||8,97||194 High|
| JSC GAZPROM AVTOMATIZATSIYA
|23 437,9||18 074,4||155,2||175,9||9,26||6,71||209 Strong|
| JSC KOMZ
The Republic of Tatarstan
|4 225,3||9 314,6||500,4||1 512,0||9,13||6,33||157 Superior|
| JSC NITEL
Nizhniy Novgorod region
|6 229,1||7 931,0||639,6||655,3||3,64||3,68||153 Superior|
| LLC Technological company SHLYUMBERZHE
|25 260,8||21 617,3||1 847,2||-3 617,4||3,18||3,06||246 Strong|
| JSC Arzamas instrument-making plant named after Landin
Nizhniy Novgorod region
|6 858,9||9 182,0||349,4||394,2||2,49||3,00||185 High|
| JSC PLANT KRASNOYE ZNAMYA
|7 780,2||8 713,4||784,6||806,9||2,89||2,34||205 Strong|
| JSC Kaluga-based instrument making plant TYPHOON
|3 829,3||7 928,2||531,7||468,4||1,10||2,01||199 High|
| LLC SAMSUNG ELECTRONICS RUS KALUGA
|45 112,0||47 654,9||2 740,2||6 363,7||1,50||1,37||197 High|
| LLC VLV
|3 725,6||6 865,2||-8,6||-17,1||-718,33||-380,45||331 Adequate|
|Total for TOP-10 companies||132 336,4||146 772,4||7 851,9||6 965,5|
|verage industrial value for TOP-10 companies||13 233,6||14 677,2||785,2||696,5||-67,79||-34,30|
|Average industrial value||284,6||226,0||9,0||18,2||2,19||2,04|
The average indicator of the equity turnover ratio of TOP-10 companies in 2016 is below the average industrial value. Four from TOP-10 enterprises have increased in 2015 — 2016 the indicators of revenue and net profit compared to the previous period (marked with green color in columns 2 — 5 of the Table 1). Other companies either have decreased their indicators of profit or have got loss (marked with red filling in columns 2 — 5 of the Table 1).
The industry average values of the equity turnover ratio were above the practical value of 2016 with decreasing tendency over the past ten years (Picture 2).
Nine out of TOP-10 companies have got from strong to superior solvency index Globas , that demonstrates their ability to repay their debt obligations in time and fully.
LLC VLV has got adequate solvency index Globas, because of loss andnon-compliance of indicators of liquidity and financial stability to normal recommended values. The forecast for index development is stable.