Top-10 footwear manufacturers by quick ratio
Information agency Credinform has prepared a ranking of the largest Russian footwear manufacturers. Companies with the largest annual revenue (Top-10) were selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (2015 - 2017). Then they were ranked by quick ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
Too high ratio value may indicate irrational capital structure. It may be connected with a slow turnover of funds invested in stocks and an increase in accounts receivable. A low level of the indicator means that the funds and the upcoming income from current operations do not cover company’s current liabilities.
For getting of the most comprehensive and fair picture of the financial standing of an enterprise it is necessary to pay attention to all indicators and financial ratios.
|Name, INN, region||Sales revenue, million RUB||Net profit (loss), million RUB||Quick ratio (x), from 0,5 to 0,8||Solvency index Globas|
|NJSC PTK MODERAM
|NJSC Moscow Footwear Factory Paris Commune
|NJSC Ralf Ringer
|AVANGARD SAFETY GROUP LLC
|PF LEL LLC
|NJSC FOOTWEAR FIRM UNICHEL
Bankruptcy claim was filed against the company
|Total for Top-10 companies||21688,3||23606,9||1498,0||989,0|
|Average for Top-10 companies||2168,8||2360,7||149,8||98,9||0,39||0,50|
|Average industry value||59,8||70,9||4,2||3,4||0,17||0,16|
— improvement compared to prior period, — decline compared to prior period.
Average value of quick ratio of Top-10 companies is much higher than the average industry one. In 2017 no company had this ratio within the recommended values.
During the decade average industry quick ratio tended to decrease (Picture 2).