TOP-10 of Russian sugar manufacturers in terms of inventory turnover

ranking 09.08.2019

Information Agency Credinform has prepared the ranking of inventory turnover of sugar manufacturers. The largest enterprises in terms of revenue volume (TOP-10) were selected according to the data from the Statistical Register for the latest available periods (2015 - 2017). Then they were ranked by decrease in inventory turnover ratio (Table 1). The analysis was made on the basis of the data of the Information and Analytical system Globas.

Inventory turnover (times) is a ratio of revenue to average value of inventories for a period. The ratio shows rate of inventory realization.

Inventory turnover characterises mobility of funds that the company invests in inventories: the faster monetary funds invested in inventories are regained in the form of revenue from sale of finished products, the higher is business activity and efficiency of the recources use with time effect.

There are no recommenmded values for this indicator, because they vary strongly depending on the industry. The higher is value, the better. The experts of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in 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 sugar producing companies the practical value of inventory turnover ratio was from 3,01 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.

Table 1. Net profit, revenue, inventory turnover ratio, solvency index Globas of the largest Russian sugar manufacturers (TOP-10)
Name, INN, region Revenue, billion RUB Net profit (loss), billion RUB Inventory turnover, times Solvency index Globas
2016 2017 2016 2017 2016 2017
1 2 3 4 5 6 7 8
LLC RUSAGRO-BELGOROD
INN 3126019943 Belgorod region
down9,67 down6,76 down0,94 down0,13 down15,76 down11,30 249 Strong
LLC RUSAGRO-TAMBOV
INN 6804008674 Tambov region
down10,78 down10,15 down1,25 down0,08 down9,67 down9,00 222 Strong
LLC AGROSNABSAKHAR
INN 4826050108 Lipetsk region
up5,11 up5,28 down0,08 down-0,92 down3,58 up4,43 254 Medium
JSC LENINGRADSKY SUGAR PLANT
INN 2341006687 Krasnodar territory
up7,09 down5,72 down1,19 down0,42 up4,35 down4,05 210 Strong
JSC USPENSKIY SAHARNIK
INN 2357005329 Krasnodar territory
down6,81 down6,21 up1,87 down1,18 down3,87 down2,98 183 High
LLC KRISTALL
INN 6824004406 Tambov region
down6,08 down4,91 up0,15 down0,01 down2,74 up2,91 269 Medium
JSC Olkhovatsky Sugar Factory
INN 3618003708 Voronezh region
up6,51 down6,35 up1,79 down0,30 down2,48 down2,47 188 High
JSC Zainsky Sakhar
INN 1647008721 The Republic of Tatarstan
down4,60 up4,89 up0,46 down0,01 down2,64 down2,14 233 Strong
JSC SUGAR PLANT DOBRINSKI
INN 4804000086 Lipetsk region
down11,24 down9,10 up1,61 down0,35 down2,74 down2,02 198 High
JSC ELAN-KOLENOVSKII SUGAR PLANT
INN 3617006819 Voronezh region
up5,28 up5,46 up1,72 down0,59 down1,89 up1,94 189 High
Total for TOP-10 companies down73,18 down64,82 down11,04 down2,16    
Average value for TOP-10 companies down7,32 down6,48 down1,10 down0,22 down4,97 down4,32
Average industrial value up1,28 down1,19 up0,17 down0,01 down3,34 down3,01

Up growth decrease of indicator to the previous period, Down decrease of indicator to the previous period.

The average indicator of the inventory turnover ratio of TOP-10 companies is above the industry average value and the practical one. In 2017 three companies out of TOP-10 have improved their indicators.

Picture 1. Inventory turnover ratio and revenue of the largest Russian sugar manufacturers (TOP-10) Picture 1. Inventory turnover ratio and revenue of the largest Russian sugar manufacturers (TOP-10)

Over a ten-year period the industry average indicators of the inventory turnover ratio have decreasing tendency. (Picture 2).

Picture 2. Change in the average industry values of the inventory turnover ratio of the largest Russian sugar manufacturers in 2008 – 2017 Picture 2. Change in the average industry values of the inventory turnover ratio of the largest Russian sugar manufacturers in 2008 – 2017