Information agency Credinform represents a review of the activity trends of the largest lottery companies in Russia.
The largest lottery companies and lottery distributors (TOP-50) 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 financial accounts (2010 - 2019). The analysis was based on the data from the Information and Analytical system Globas.
The largest company of the industry by the net assets value is NAO TECHNOLOGICAL COMPANY CENTER, INN 7715918994, Moscow. In 2019 company’s net assets amounted to 1,7 billion RUB.
LLC RUSSKOE LOTO POBEDA, INN 7719527590, Moscow, had the lowest net assets value among TOP-50 companies. Insufficiency of property of this company in 2019 was indicated by the negative value – 1,0 billion RUB.
For the decade, the average industry net assets values had a trend to increase, with the positive dynamics of the growth rates (Picture 1).
The shares of TOP-50 companies with insufficient property were decreasing in the last five years (Picture 2).
Revenue of only two leading industry companies amounted to 95% of the total revenue of TOP-50 companies. (Picture 3). It gives evidence to the highest level of monopolization in this industry.
In general, there is a trend to increase in revenue with the positive dynamics of the growth rates (Picture 4.)
Profit and losses
The largest industry company by the net profit value is also NAO TECHNOLOGICAL COMPANY CENTER, INN 7715918994, Moscow. The company’s profit in 2019 amounted to 1,7 billion RUB.
For the decade, the average industry profit values have a trend to increase (Picture 5).
For the five-year period, the average net profit values of TOP-50 companies have a trend to increase, the average net loss value increases as well. (Picture 6).
Key financial ratios
For the decade, the average industry values of current liquidity ratio were in general within the interval of the recommended values – from 1,0 to 2,0, with a trend to decrease. (Picture 7).
For the decade, there is a trend to increase in the average industry values of return on investments ratio. (Picture 8).
For the decade, there was a trend to increase (Picture 9).
90% of the TOP-50 companies are registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the Russian Federation. However, their share in the total revenue of TOP-50 amounts to only 4%, which is significantly lower than the average country value in 2018 – 2019 (Picture 10).
Main regions of activity
TOP-50 companies are registered in 33 regions and spread in an uneven manner within the country. Almost 99% of the largest by the revenue companies consolidate in Moscow (Picture 11).
Financial position score
According to the assessment, the financial position of most TOP-50 companies is above average (Picture 12).
Solvency index Globas
The major part of TOP-50 companies was awarded with the Superior/High or Strong/Medium Solvency index Globas, which gives evidence to their ability to meet their obligations fully and in time (Picture 13).
The complex assessment of the activity of the largest lottery companies in Russia, taking into account the main indexes, financial indicators and ratios, demonstrates the prevalence of positive trends in 2010 - 2019 (Table 1).
|Trends and evaluation factors||Relative share of factor, %|
|Dynamics of the average net assets value||10|
|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|
|Level of competition / monopolization||-10|
|Dynamics of the average revenue||10|
|Rate of growth (decline) in the average size of revenue||10|
|Dynamics of 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 current liquidity ratio||-5|
|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 20%||-10|
|Financial position (the largest share)||10|
|Solvency index Globas (the largest share)||10|
|Average value of relative share of factors||4,1|
positive trend (factor), negative trend (factor).
Information agency Credinform has prepared a ranking of the largest Russian lottery companies. The largest enterprises (TOP-10) in terms of annual revenue were selected according to the data from the Statistical Register and the Federal Tax Service for the available periods (2017-2019). Then the companies were ranged by net profit ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
The ratio doesn’t have the standard value. It is recommended to compare the companies within the industry or the change of a ratio in time for a certain company. The negative value of the ratio indicates about net loss. The higher is the ratio value, the better the company operates.
For the most full and fair opinion about the company’s financial position the whole set of financial indicators and ratios should be taken into account.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Net profit ratio, %||Solvency index Globas|
|JSC STATE SPORT LOTTERIES
|JSC TK TSENTR
|JSC LOTTERIES OF MOSCOW
|18 729,0||22 440,7||7,7||1 717,5||0,04||7,65||255 Medium|
|1 625,4||2 300,0||21,3||48,4||1,31||2,10||260 Medium|
|LLC VSE LOTO
|46 078,1||54 535,3||118,0||326,1||0,26||0,60||243 Strong|
|LLC URAL LOTO
Republic of Bashkortostan
|LLC VOLGOGRAD SPORT LOTTERIES
|Average value for TOP-10 companies||6 711,9||8 023,9||18,5||211,5||6,95||6,05|
|Average industry value||800,3||931,9||2,6||-13,8||0,32||-1,48|
growth of indicator in comparison with prior period, decline of indicator in comparison with prior period
The average value of net profit ratio for TOP-10 companies is higher than average industry value: in 2019, six companies improved the results.
Within 10 years, the average industry indicators of net profit ratio showed the growing tendency. (Picture 2).