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Assessment Of The Financial Statement Accuracy For The Russian Companies Financial Security

Table 2:

Indicators Standards LLC A PJSC B
2018 2017 2016 2018 2017 2016
Liquidity and solvency ratios
Absolute liquidity ≥0,2 0,36 0,34 0,82 0,22 0,57 0,30
Urgent liquidity ≥1 2,70 1,98 1,68 1,66 1,19 0,87
Current liquidity ≥1 1,69 1,87 1,35 2,71 1,73 1,43
Profitability ratios
Profitability ratios > 0, 10-20% for industries 13,58 10,49 4,08 10,17 55,03 18,84
Return on sales 10.3% (-10%) according to OKVED 4,46 3,67 2,65 11,08 49,28 14,28
Return on assets 6.5% according to OKVED 10,92 8,78 4,64 6,41 37,57 12,23
Return on equity 20% in Russia, 10-12% in developed countries 22,61 19,79 9,75 12,05 64,76 26,20
Asset turnover ratios
Asset turnover ratios >1 2,45 2,39 1,75 0,58 0,76 0,86
Current assets turnover By industry 3,02 2,76 2,06 0,92 1,12 1,32
Inventory turnover Growth 23,97 20,93 3,60 1,44 1,67 1,55
Accounts receivable turnover Higher - better 3,94 4,64 6,19 2,50 3,48 4,13
Equity capital turnover Growth, higher - better 5,35 5,85 3,86 1,12 1,61 2,01
Accounts payable turnover Higher - better 7,59 5,65 5,20 2,50 2,37 2,46
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