Information agency Credinform has prepared a review of trends in nonferrous metallurgy.
The largest companies mining nonferrous ores (TOP-1000) in terms of annual revenue were selected for the analysis according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2014-2019). The analysis was based on the data of the Information and Analytical system Globas.
The largest company in term of net assets is JSC POLYUS KRASNOYARSK, INN 2434000335, Krasnoyarsk territory. In 2019, net assets value of the company almost amounted to 313 billion RUB.
The lowest net assets value among TOP-1000 belonged to LLC KUZBASSARM, INN 4205201604, Kemerovo region – Kuzbass. The company is in process of being wound up since August 11, 2015. In 2019, insufficiency of property of the legal entity was indicated in negative value of -102 billion RUB.
Covering the six-year period, the average net assets values of TOP-1000 have a trend to increase with a decreasing growth rate (Picture 1).
Over the past six years, the share of companies with insufficient property had a negative trend to increase (Picture 2).
In 2019, the revenue volume of 3 largest companies of the industry was 36% of total TOP-1000 revenue (Picture 3). This is indicative of relatively high level of aggregation of capital in the industry.
In general, there is a trend to increase in revenue with the decreasing growth rate (Picture 4).
Profit and loss
The largest organization in term of net profit is JSC POLYUS KRASNOYARSK, INN 2434000335, Krasnoyarsk territory. The company’s profit for 2019 almost reached 87 billion RUB.
Covering the six-year period, there is a trend to increase in average net profit with the decreasing growth rate (Picture 5).
For the six-year period, the average net profit values of TOP-50 have the increasing trend with the decreasing net loss (Picture 6).
Key financial ratios
Covering the six-year period, the average values of the current liquidity ratio were above the recommended one - from 1,0 to 2,0 with a trend to increase (Picture 7).
Covering the six-year period, the average values of ROI ratio have a trend to increase (Picture 8).
Covering the six-year period, business activity ratio demonstrated the increasing trend (Picture 9).
74% of the TOP-1000 companies are registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the Russian Federation. Their share in total revenue of TOP-1000 is 7,6% that is almost 3 times less than the national average in 2018-2019 (Picture 10).
Main regions of activity
Companies of TOP-1000 are registered in 43 regions of Russia, and unequally located across the country in accordance with the geographic location of natural resources. Almost 45% of companies largest by revenue are located in Krasnoyarsk territory, Magadan region and the Republic of Sakha (Yakutia) (Picture 11).
Financial position score
Assessment of the financial position of TOP-1000 companies shows that the majority of them have average financial position (Picture 12).
Complex assessment of activity of the companies mining nonferrous ores, taking into account the main indexes, financial ratios and indicators, demonstrates the prevalence of positive trends in 2014 - 2019 (Table 1).
|Trends and evaluation factors||Relative share of factors, %|
|Dynamics of the average net assets value||10|
|Rate of growth (decrease) in the average size of net assets||-10|
|Increase (decrease) in the share of enterprises with negative values of net assets||-10|
|Level of competition / monopolization||-10|
|Dynamics of the average revenue||10|
|Rate of growth (decrease) in the average size of revenue||-10|
|Dynamics of the average profit (loss)||10|
|Rate of growth (decrease) in the average 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 terms of revenue being more than 22%||-10|
|Financial position (the largest share)||5|
|Solvency index Globas (the largest share)||5|
|Average value of relative share of factors||1,2|
positive trend (factor), negative trend (factor)
Information agency Credinform represents a ranking of the largest Russian companies engaged in extraction of non-ferrous metal ores. Companies with the largest volume of annual revenue (TOP-10 and TOP-100) were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2017 - 2019). They were ranked by asset coverage ratio (Table 1). The selection and analysis of companies were based on the data of the Information and Analytical system Globas.
The ratio shows the ability of an enterprise to finance current activities only with its working capital. The recommended value is > 0.1.
For the most complete and objective view of the financial condition of the enterprise, it is necessary to pay attention to the complex of indicators and financial ratios of the company.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Asset coverage ratio (x), > 0,1||Solvency index Globas|
|JSC SEREBRO MAGADANA
INN 4900003918 Magadan region
|24 733||25 596||11 094||5 615||0,80||0,85||284 Medium|
|CHUKOTKA MINING AND GEOLOGICAL COMPANY
INN 8709009294 Chukotka autonomous region
|30 436||37 516||9 812||12 311||0,62||0,81||305 Adequate|
|JSC POLYUS MAGADAN
INN 4906000960 Magadan region
|7 191||37 294||-2 127||15 599||0,19||0,48||292 Medium|
|JSC BOKSIT TAMANA
INN 1117000011 The Republic of Komi
|20 761||23 521||1 622||963||0,35||0,31||217 Strong|
|LLC MEDVEZHIY RUCHEY
INN 2457080792 Krasnoyarsk territory
|25 681||55 941||5 897||21 254||0,28||0,30||298 Medium|
INN 1434024359 The Republic of Sakha (Yakutia)
|9 278||23 626||3 970||16 631||-3,03||-0,79||275 Medium|
|LLC GRK BYSTRINSKOE
INN 7701568891 Zabaikalye territory
|13 137||36 297||-3 672||22 847||-3,83||-1,38||261 Medium|
|MIKHEEVSKY MINING AND PROCESSING PLANT
INN 7428007317 Chelyabinsk region
|22 629||23 750||4 418||5 413||-2,52||-1,47||202 Strong|
|GAISKY MINING AND PROCESSING PLANT
INN 5604000700 Orenburg region
|25 031||25 382||2 416||1 171||-1,04||-2,09||252 Medium|
|JSC POLYUS KRASNOYARSK
INN 2434000335 Krasnoyarsk territory
|135 881||163 654||34 843||86 693||-4,10||-2,58||274 Medium|
|Average value for TOP-10||31 476||45 258||6 827||18 849||-1,23||-0,56|
|Average value for TOP-1000||1 109||1 258||180||339||-72,82||-44,72|
growth of indicator to the previous period, decrease of indicator to the previous period, colorless – no data for 2017
The average indicator of the asset coverage ratio of TOP-10 has negative value and is above the average one of TOP-1000. In 2019, five companies have values above the recommended one. Eight companies increased the value compared to the previous period.
During six years, the average values of the asset coverage ratio of TOP-1000 were negative with a trend to decrease (Picture 2).