TOP-10 of Russian sugar manufacturers in terms of inventory turnover
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 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.
|Name, INN, region||Revenue, billion RUB||Net profit (loss), billion RUB||Inventory turnover, times||Solvency index Globas|
INN 3126019943 Belgorod region
INN 6804008674 Tambov region
INN 4826050108 Lipetsk region
|JSC LENINGRADSKY SUGAR PLANT
INN 2341006687 Krasnodar territory
|JSC USPENSKIY SAHARNIK
INN 2357005329 Krasnodar territory
INN 6824004406 Tambov region
|JSC Olkhovatsky Sugar Factory
INN 3618003708 Voronezh region
|JSC Zainsky Sakhar
INN 1647008721 The Republic of Tatarstan
|JSC SUGAR PLANT DOBRINSKI
INN 4804000086 Lipetsk region
|JSC ELAN-KOLENOVSKII SUGAR PLANT
INN 3617006819 Voronezh region
|Total for TOP-10 companies||73,18||64,82||11,04||2,16|
|Average value for TOP-10 companies||7,32||6,48||1,10||0,22||4,97||4,32|
|Average industrial value||1,28||1,19||0,17||0,01||3,34||3,01|
growth decrease of indicator to the previous period, 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.
Over a ten-year period the industry average indicators of the inventory turnover ratio have decreasing tendency. (Picture 2).