Information agency Credinform has prepared a ranking of the largest social service companies in Russia. The companies rendering social services to senior citizens and disabled people, providing child and social care etc. (TOP-10) with the largest annual revenue were selected for the ranking, according to the data from the Statistical Register and Federal Tax Service for the latest available accounting periods (2017 - 2019). Then the enterprises were ranked by the debt-to-assets ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
Sales revenue and net profit demonstrate a company’s size and its business efficiency, and debt to solvency ratio indicates the risk of insolvency.
A value that exceeds the maximum standard value indicates an excessive loan overburden that may facilitate development, but as well may have a negative impact on stability of corporate funds. A value lower than the minimum standard value may speak of a conservative financial management strategy and of an excessive caution in raising new debt funds.
In order to get the most comprehensive and fair picture of the financial standing of an enterprise it is necessary to pay attention to all combination of financial indicators and company’s ratios.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Debt-to-assets ratio (x), from 0,2 to 0,5||Solvency index Globas|
|BF NO BLAGOTVORITELNYI FOND PODDERZHKI VETERANOV TRUDA NADEZHDA
INN 7714321154 Moscow
INN 6229063499 Ryazan region
|OOO DOBROE DELO
INN 7733241842 Moscow
|OOO UPRAVLYAYUSHCHAYA KOMPANIYA NOVOLETIYE
INN 5904182219 Perm krai
INN 7733806570 Moscow
INN 3525255572 Vologda region
INN 7840317422 Saint Petersburg
|OOO CENTR PROEKTIROVANIYA OBUVI SPETSIALNOGO NAZNACHENIYA ORTOMODA
INN 7718195662 Moscow
|ANO EKSPERTNY INSTITUT SOTSIALNYKH ISSLEDOVANII
INN 7703424479 Moscow
INN 6168004976 Rostov region
|Average value for TOP-10||179,62||257,22||1,05||44,68||0,35||0,46|
|Industry average value||1,52||2,78||2,32||71,96||0,03||0,99|
improvement compared to prior period, decline compared to prior period
Average value of debt-to-assets ratio of TOP-10 companies is lower than the average industry one. Two companies have the standard value in 2019.
During the decade, average industry values of debt-to-assets ratio were on the whole beyond the limits of the standard value and had a tendency to improve (Picture 2)
Information agency Credinform has prepared a review of trends of the largest Russian companies in the financial market.
The largest holding companies, investment funds, pawn shops, micro financial organizations (TOP-1000) in terms of annual revenue were selected for the analysis according to the data from the Statistical Register 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 RN HOLDING, INN 7225004092, Moscow. The company is in process of reorganization by spin-off simultaneously with the acquisition since 04.03.2020. In 2019, net assets value of the company amounted to 790 billion RUB.
The lowest net assets value among TOP-1000 belonged to JSC OTKRITIE HOLDING, INN 7708730590, Moscow region. In 2019, insufficiency of property of the company was indicated in negative value of -532 billion RUB.
Covering the ten-year period, the average net assets values have a trend to increase with a positive dynamics of the growth rate (Picture 1).
The shares of TOP-1000 companies with insufficient property have a trend to increase over the past five years (Picture 2).
In 2019, the revenue volume of 10 largest companies of the industry was 47% of total TOP-1000 revenue (Picture 3). This is indicative of high level of monopolization in the industry.
In general, there is a trend to decrease in revenue with negative dynamics of the growth rate (Picture 4).
Profit and loss
The largest company in term of net profit is JSC RN HOLDING, INN 7225004092, Moscow. The company’s profit for 2019 reached 352 billion RUB.
Covering the ten-year period, there is a trend to increase in average net profit (Picture 5).
For the five-year period, the average net profit values of TOP-1000 have the increasing trend with the increasing net loss (Picture 6).
Key financial ratios
Covering the ten-year period, the average values of the current liquidity ratio were mainly within the recommended one - from 1,0 to 2,0 or slightly below with a trend to increase (Picture 7).
Covering the ten-year period, the average values of ROI ratio have a trend to decrease (Picture 8).
Covering the ten-year period, business activity ratio demonstrated the decreasing trend (Picture 9).
53% of 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 almost 6% that is three times below the national average in 2018-2019 (Picture 10).
Main regions of activity
Companies of TOP-1000 are registered in 70 regions of Russia, and unequally located across the country. Over 84% of companies largest by revenue are located in Moscow and Saint Petersburg (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 largest Russian companies in the financial market, taking into account the main indexes, financial ratios and indicators, demonstrates the prevalence of negative trends (Table 1).
|Trends and evaluation factors||Relative share of factors, %|
|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|
|Rate of growth (decline) in the average size of 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 20%||-10|
|Financial position (the largest share)||5|
|Solvency index Globas (the largest share)||10|
|Average value of relative share of factors||-1,6|
positive trend (factor), negative trend (factor).