Assets turnover of the largest Russian textile manufacturers

ranking 26.01.2016

Information Agency Credinform has prepared the ranking of the largest Russian enterprises in textile industry.

Top-10 enterprises in terms of annual revenue were selected according to the data from the Statistical Register for the latest available period (for the year 2014). The following indicators are calculated: profit dynamics relative previous period, assets turnover and solvency index GLOBAS-i® (see table 1).

The enterprises are ranked by assets turnover ratio: from maximum to minimum value for the year.

Assets turnover (times) is the ratio of sales revenue and company’s average total assets for a period. It characterizes the effectiveness of using of all available resources, regardless the source of their attraction. The ratio shows how many times per year the full cycle of production and circulation is performed, generating the corresponding effect in the form of profit.

For the most full and fair opinion about the company’s financial situation, not only the average values of the indicators should be taken into account, but also the whole set of financial indicators and ratios.   

Table 1. Revenue, revenue growth for a year, assets turnover and solvency index GLOBAS-i® of the largest Russian textile manufacturers (Top-10)
NameRegionRevenue, mln RUB, 2014.Growth /decrease in revenue by 2013, %Assets turnover, timesSolvency index GLOBAS-i®
1 TDL TEXTILE, LLC
INN 3730010504
Ivanovo region 5 015,6 -6,1 2,6 207 high
2 LLC Obyedinennaya Tekstilnaya Kompaniya
INN 7706780436
Moscow 2 776,0 142,1 2,1 229 high
3 LLC TORGOVYI DOM DARGEZ
INN 7706406478
Moscow 1 475,5 -4,3 1,7 203 high
4 CJSCKOROLEVSKAYA SHELKOVAYA FABRIKA PEREDOVAYA TEKSTILSHCHITSA
INN 5018035099
Moscow region 1 704,1 32,8 1,6 187 The highest
5 LLC Teikovskaya tekstilnaya kompaniya
INN 3704006438
Ivanovo region 1 732,4 -43,2 1,5 346 satisfactory
6 LLC Chaikovskaya tekstilnaya kompaniya
INN 5920015180
Perm region 3 178,2 24,7 1,5 212 high
7 LLC TekstilRegionSbyt
INN 7709930111
Moscow 1 833,6 179,4 1,5 214 high
8 JSC COTTON MILLS SHUYSKIE SITSY
INN 3706008060
Ivanovo region 2 347,3 0,5 1,0 285 high
9 CJSC KOTOVSKII ZAVOD NETKANYKH MATERIALOV
INN 6820028830
Tambov region 1 516,1 7,2 0,9 265 high
10 CJSC REGENT NON MATERIALS
INN 7722508646
Moscow 1 809,5 34,5 0,5 299 satisfactory
 
Assets turnover ratio in textile industry is relatively low due to the specificity of technological cycle and relatively low production profitability. The ratio of the industry leader TDL TEXTILE is 2,6 times.
 

revenue and assets turnover

Picture 1. Revenue and assets turnover of the largest Russian textile manufacturers (Top-10)
 
According to 2014 results, the annual revenue of Top-10 enterprises amounted to 23,4 bln RUB, that is 13,2% higher than total revenue in 2013. 
 
Despite the decrease in revenue by 6,1%, TDL TEXTILE LLC holds the first place of the rating, ahead of its nearest competitor (LLC Chaikovskaya tekstilnaya kompaniya) by more than 1,5 times.
 
TDL TEXTILE LLC is the absolute leader of the textile Russian market; it is the largest manufacturer and seller of fabrics and sewing products. The company takes 10% of the cotton fabrics market, 6% of the home textile market and more than 30% of the gauze and dressings market in Russia. Since August 2012 the company has launched the new modern manufacture of blankets and pillows.
 
Own production premises allow to produce competitive finished fabrics and sewing products. Trademarks of home textile "Vasilisa", "Aura", "Vasilek", "ECO" are well known among country and abroad.