Information agency Credinform represents the ranking of the largest Russian software developers. 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 2015 - 2017). Then they were ranked by solvency ratio (Table 1). The analysis was made on the basis of the data of the Information and Analytical system Globas.
The ratio value below the minimum means a strong dependence on external sources of financing, that by deterioration in market environment may lead to a liquidity crisis and an unstable financial situation of a company.
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 software developers the practical value of solvency ratio made from 0,04 up to 0,94 in 2017.
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, billion RUB||Net profit (loss), billion RUB||Solvency ratio (x), >0,5||Solvency index Globas|
INN 7736207543 Moscow
|KASPERSKY LAB NJSC
INN 7713140469 Moscow
|SKB KONTUR JSC
INN 6663003127 Sverdlovsk region
INN 7704340310 Moscow
|MICROSOFT RUS LLC
INN 7743528989 Moscow
INN 0278005403 Republic of Bashkortostan
|SBERBANK – TECHNOLOGIES NJSC
INN 7736632467 Moscow
|RT-INVEST TRANSPORT SYSTEMS LLC
INN 7704869777 Moscow
|FORS - DEVELOPMENT CENTER LLC
INN 7702270040 Moscow
|RVO GROUP LLC
INN 7702531291 Moscow
|Total by TOP-10 companies||154,15||198,61||18,08||19,10|
|Average value by TOP-10 companies||15,42||19,86||1,81||1,91||0,41||0,41|
|Industry average value||0,04||0,04||0,004||0,004||0,45||0,64|
improvement of the indicator to the previous period, decline in the indicator to the previous period.
The average value of the solvency ratio of TOP-10 enterprises is below industry average and recommended values. Seven companies improved results in 2017.
The industry average indicators of the solvency ratio tend to decrease over the course of 10 years (Picture 2).
Information agency Credinform has observed trends in the activity of the largest companies of the real sector of economy in The Republic of Udmurtia the Republic of Udmurtia.
Enterprises with the largest volume of annual revenue (TOP-1000), were selected for the analysis, according to the data from the Statistical Register for the latest available periods (for 2013-2017). The analysis was made on the basis of the data of the Information and Analytical system Globas.
The largest company of the Udmurtia Republic in terms of net assets amount is JSC Belkamneft named after А.А. Volkov INN 0264015786. In 2017 net assets of the company amounted to 57,5 billion RUB.
had the smallest amount of net assets in the TOP-1000 group LLC Udmurtia public utilities. INN 1833037470. Insufficiency of property of the company was expressed in negative value - 3,5 billion RUB.
For a five-year period average amount of net assets of TOP-1000 companies has increasing tendency (Picture 1).
Share of companies with insufficiency of property in the TOP-1000 has increasing trend for the last five years (Picture 2).
The revenue volume of 10 leaders of the industry made 46% of the total revenue of TOP-1000 companies in 2017(Picture 3). It demonstrates high level of productive concentration in the Republic of Udmurtia.
In general, an increasing tendency in revenue volume is observed (Picture 4).
Profit and losses
The largest company of the Republic of Udmurtia in terms of net profit amount is JSC Belkamneft named after А.А. Volkov INN 0264015786. Net profit of the company amounted to 50,7 billion RUB for 2017.
In general, an increasing tendency in average profit amount for TOP-1000 is observed (Picture 6).
Over a five-year period, the average values of net profit indicators of TOP-1000 companies tend to increase. Besides, the average value of net loss decreases (Picture 6).
Key financial ratios
Over the five-year period the average indicators of the current liquidity ratio of TOP-1000 were above the range of recommended values – from 1,0 up to 2,0 with increasing tendency (Picture 7).
Sufficiently high level of average values of the indicators of the return on investment ratio with increasing tendency has been observed for five years (Picture 8).
This business activity ratio showed a tendency to decrease for a five-year period (Picture 9).
80% of the TOP-1000 companies are registered in the Register of small and medium enterprises of the Federal Tax Service of the RF. Besides, share of revenue in the total volume of TOP-1000 is 21,6%, that almost equal to the average indicator countrywide (Picture 10).
Main regions of activity TOP-1000 enterprises are registered in 26 districts and settlements of the Udmurtia Republic and are unequally distributed. Almost 82% of the largest companies in terms of revenue volume are concentrated in the center of the Republic – Izhevsk city (Picture 11).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that the largest number is in stable and an above the average financial position. (Picture 12).
Industrial production index
According to the data from the Federal State Statistics Service, during 12 months of 2018-2019 decreasing tendency is observed for the industrial production index of the enterprises of The Republic of Udmurtia (Picture 14). Besides, the average indicator of index from month to month amounted to 99,2%.
According to the same data, share of the enterprises of the Republic of Udmurtia in revenue volume from sale of goods, products, works services countrywide for 2018 was 0,503%, and for the first quarter of 2019 – 0,504%.
Comprehensive assessment of the activity of largest real economy enterprises of the Republic of Udmurtia, taking into account the main indexes, financial indicators and ratios, demonstrates the presence of favorable trends (Table 1).
|Trends and assessment factors for TOP-1000||Share of factor, %|
|Rate of increase (decrease) of average amount of net assets||10|
|Increase / decrease of share of companies with negative values of net assets||-10|
|Level of capital concentration||-10|
|Increase (decrease) rate of average revenue amount||10|
|Increase (decrease) rate of average net profit (loss) amount||10|
|Increase / decrease of average net profit amount of TOP-1000 companies||10|
|Increase / decrease of average net loss amount of TOP-1000 companies||10|
|Increase / decrease of average industrial values of the current liquidity ratio||5|
|Increase / decrease of average industrial values of the return on investments ratio||10|
|Increase / decrease of average industrial values of the assets turnover ratio, times||-10|
|Share of small and medium enterprises in the industry in terms of revenue volume more than 22%||5|
|Financial position (major share)||10|
|Solvency index Globas (major share)||10|
|Industrial production index||-10|
|Average value of factors||2,7|
positive trend (factor), negative trend (factor).