Information agency Credinform presents a ranking of the largest Russian manufacturers of medical appliances and equipment. Companies with the highest volume of revenue (TOP-10) were selected for this ranking according to the data from the Statistical Register for the latest available periods (2016 and 2015). The enterprises were ranked by current liquidity ratio in 2015 (Table 1). The analysis was based on data from the Information and Analytical system Globas.
Current liquidity ratio (х) is calculated as current assets to short-term liabilities of the company. The recommended value is from 1.0 to 2.0. The value of the indicator less than 1.0 indicates the excess of current liabilities over current working capital. Thus, the lower interval limit is determined by the need to ensure the adequacy of working capital for the full repayment of short-term liabilities. Otherwise, the enterprise faces bankruptcy. However, a significant excess of short-term funds over liabilities may indicate a violation of the capital structure and non-rational or inefficient investment of funds.
Taking into account the actual situation both in economy in general and in sectors, the experts of the Information Agency Credinform have 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. The practical value of current liquidity ratio for manufacturers of medical appliances and equipment in 2016 was from 1,03 to 8,91.
For the most complete and objective view of the financial condition of the enterprise it is necessary to pay attention to the complex of ratios and financial indicators of the company.
|Name, INN, region||Revenue, mln RUB||Net profit, mln RUB||Current liquidity ratio (x)||Solvency index Globas|
INN 3729002450 Ivanovo region
INN 5047004056 Moscow region
|JSC YELATMA INSTRUMENT-MAKING ENTERPRISE
INN 6204001412 Ryazan region
|298,2||3 202,5||652,5||531,5||5,82||8,32||179 High|
|JSC THERMO FISHER SCIENTIFIC
INN 7805023194 Saint-Petersburg
|881,4||1 091,6||49,7||113,2||2,37||4,18||162 Superior|
INN 7728220318 Moscow
|JSC NIPK ELECTRON
INN 7827012767 Saint-Petersburg
|2 312,4||1 232,9||85,6||0,5||3,43||3,10||210 Strong|
|LLC MIASS PLANT FOR MEDICAL EGUIPMENT PRODUCTION
INN 7415058730 Chelyabinsk region
|1 239,3||1 022,2||10,1||2,8||2,93||1,92||217 Strong|
INN 7804068234 Saint-Petersburg
|1 062,2||1 236,7||136,2||211,8||1,24||1,57||191 High|
INN 0703006616 The Kabardino-Balkar Republic
INN 7803043491 Saint-Petersburg
|Total for the group of companies TOP-10||9 191,9||11 682,9||1 288,8||1 298,4|
|Average for the group of companies TOP-10||919,2||1 168,3||128,9||129,8||6,45||8,68|
|Industry average value||66,7||59,3||4,6||4,9||1,88||1,78|
The average value of current liquidity ratio of TOP-10 companies in 2016 is higher than practical and average values. Five companies of the TOP-10 have increased indicators of revenue and net profit compared to the previous period. Other companies have decreased their indicators (marked with red filling in columns 3 and 5 of Table 1).
In general, the average sectoral indicators of current liquidity ratio for the last 10 years were within the interval of recommended values and above practical values of 2016, however, with decreasing tendency (Picture 2).
All companies of the TOP-10 croup have got from superior to medium solvency index Globas, that shows their ability to repay their debt obligations in time and fully.
Information agency Credinform has prepared a ranking of the largest Russian hunting farms. The companies with the largest volume of annual revenue (TOP-10) have been selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (2016 and 2015). Then they have been ranked by asset turnover ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
Asset turnover is a ratio of sales revenue to average total assets for the period. It is one of the activity ratios and it indicates resource efficiency regardless of sources. This ratio shows the number of profit-bearing complete production and distribution cycles per annum.
A calculation of practical values of financial ratios, which might be considered as normal for a certain industry, has been developed and implemented in the Information and Analytical system Globas by the experts of the Information Agency Credinform, having taken into account the current situation in the economy as a whole and in the industries. The practical value of asset turnover ratio for hunting farms amounted from 0,16 in 2016.
The whole set of financial indicators and ratios is to be considered to get the fullest and fairest opinion about the company’s financial standing.
|Name, INN, region||Revenue, mln RUB||Revenue, mln RUB||Asset turnover, times||Solvency index Globas|
INN 2720022770 Khabarovsk territory
INN 2461021038 Krasnoyarsk territory
|HUNTING FARM PROMYSLOVIK LLC
INN 2526004474 Primorye territory
|HUNTING STATE OWNED FARM KRASNOYARSKY NJSC
INN 2464002065 Krasnoyarsk territory
INN 3436017022 Volgograd region
INN 6714023406 Smolensk region
INN 2922008024 Arkhangelsk region
|HUNTING FARM OZERNOE LLC
INN 4012000186 Kaluga region
|FINANCIAL AND AGROINDUSTRIAL CONCERN SAKHABULT JSC
INN 1435178584 Republic of Sakha (Yakutia)
INN 6726008963 Smolensk region
|Total for TOP-10 companies||824,9||845,6||61,0||61,0|
|Average for TOP-10 companies||82,5||82,5||6,1||13,2||1,29||1,48|
|Industry average value||1,9||1,2||-0,2||-0,5||0,33||0,16|
The average value of asset turnover ratio within TOP-10 companies is higher than practical and industry average values (green color in columns 6 and 7 of Table 1 and Picture 1). Five of TOP-10 companies have higher revenue and net profit compared to the prior period. The rest of the companies have a decrease in revenue or profit, or have loss (red color in columns 3 and 5 of Table 1).
Industry average values of asset turnover ratio within the last 10 years were higher than the 2016 practical value. However, they follow a downward trend (Picture 2). This may indicate a certain downturn in the sector.
Eight of TOP-10 companies have got from superior to medium solvency index Globas, which indicates their ability to meet debt obligations timely and in full.
MEDVED LLC has got an adequate solvency index Globas, due to the company being a defendant in debt collection arbitration proceedings and untimely fulfillment of obligations. Index development trends are stable.
GREENWOOD NJSC has also got an adequate solvency index Globas due to reorganization of the company and in view of the company being a defendant in debt collection arbitration proceedings. Index development trends are stable.