Information agency Credinform offers a ranking of the largest Russian enterprises of chemical sector. 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 (2014 - 2017). Then they were ranked by equity turnover ratio (Table 1). The analysis is based on data of the Information and Analytical system Globas.

Equity turnover ratio (times) is calculated as a relation of revenue to annual average sum of equity and demonstrates the company’s usage rate of all available assets.
Equity turnover ratio reflects the turnover rate of own capital. The high value of this indicator shows the effectiveness of use of own funds. Accordingly, low ratio value shows inaction of the part of own funds.

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.

Table 1. Net profit, revenue, equity turnover ratio, solvency index Globas of the largest Russian enterprises of chemical sector (TOP-10)

Name, INN, region, principal activity	Revenue, bln RUB		Net profit (loss), bln RUB		Equity turnover ratio, times		Solvency index Globas
	2016	2017	2016	2017	2016	2017
1	2	3	4	5	6	7	8
SOCIETE PAR ACTIONS FERMEE L`OREAL INN 7726059896 Moscow Manufacture of perfumes and cosmetics	48.5	50.3	3.3	7.6	6.24	4.75	118 High
LLC HENKEL RUS INN 7702691545 Moscow Manufacture of soap and detergents, cleaning and polishing agents; perfumery and cosmetics	48.5	50.3	4.75	7.6	6.24	4.75	167 High
JSC NEVINNOMYSSKY AZOT INN 2631015563 Stavropol territory Manufacture of fertilizers and nitrogen compounds	42.8	38.8	11.6	7.3	4.52	3.82	177 High
NOVOMOSKOVSK JSC AZOT INN 7116000066 Tula region Manufacture of fertilizers and nitrogen compounds	43.4	44.0	12.6	10.7	4.14	3.59	206 Strong
KAZAN JSC ORGANICHESKY SINTEZ INN 1658008723 The Republic of Tatarstan Manufacture of plastics and synthetic resins in primary forms	75.4	72.0	18.2	15.2	1.82	1.42	127 High
JSC ACRON INN 5321029508 Novgorod region Manufacture of fertilizers and nitrogen compounds	50.2	54.8	11.1	7.6	1.71	2.17	206 Strong
JSC NIZHNEKAMSKNEFTEKHIM INN 1651000010 The Republic of Tatarstan Manufacture synthetic rubber in primary forms	153.4	162.1	25.1	23.7	1.54	1.35	134 High
JSC URALKALI INN 5911029807 Perm territory Manufacture of fertilizers and nitrogen compounds	131.3	135.7	66.3	40.8	0.97	0.72	189 High
JSC TOGLIATTIAZOT INN 6320004728 Samara region Manufacture of fertilizers and nitrogen compounds	44.3	42.2	1.3	0.8	0.65	0.62	199 High
JSC UNITED CHEMICAL COMPANY URALCHEM INN 7703647595 Moscow Manufacture of fertilizers and nitrogen compounds In process of reorganization in the form of merger of other legal entities since 13.07.2018	59.9	62.3	42.1	-13.7	-0.97	-1.09	273 Medium
Total for TOP-10 companies	713.0	726.7	196.5	106.0
Average industrial value for TOP -10 companies	71.3	72.7	19.7	10.6	2.63	2.20
Average industrial value	0.4	n/a	0.07	n/a	2.19	n/a

— growth of indicator in comparison with prior period, — decline of indicator in comparison with prior period.

The average value of equity turnover ratio of TOP-10 companies is above the industry average. In 2017, only one company from TOP-10 list demonstrated the growth of the ratio.

Picture 1. Equity turnover ratio and revenue of the largest Russian enterprises of chemical sector (TOP-10)

The industry average values of the equity turnover ratio have decreasing tendency over the past ten years (Picture 2).

Picture 2. Change in the average industry values of the equity turnover ratio of largest Russian enterprises of chemical sector (in 2007 – 2016)