Financial analysis of JSCo Railway Research Institute

This financial profile page contains financial analisys of financial reports of JSCo Railway Research Institute. Financial analysis of financial reports of JSCo Railway Research Institute includes the analisys of income, income and expenses growth rates, analisys of working capital structure and annual dynamics. JSCo Railway Research Institute .

Financial reports of JSCo Railway Research Institute

This financial profile page of JSCo Railway Research Institute cosists of links to annual financial reports of JSCo Railway Research Institute. Flexible and user-friendly web-instruments enable horizontal and vertical analisys of indexes of financial reports of JSCo Railway Research Institute.

Liquidity and financial strength of JSCo Railway Research Institute

This financial profile page includes dynamic analisys of liquidity and financial strength of JSCo Railway Research Institute. Calculation of financial strength rating is based upon JSCo Russian railways methodics. Moreover, it presents Cash flow statement by indirect method for JSCo Railway Research Institute with the user-opportunity to change analitical period of cash flows of JSCo Railway Research Institute. Cash flow statement by indirect metod illustrates the directions of cash flows of JSCo Railway Research Institute in the certain period.

* This report is based upon web-open information and data including company annual reports and annual financial statements

 

Balance sheet JSCo Railway Research Institute

Profits and losses statement JSCo Railway Research Institute

*JSCo Railway Research Institute

Foundation 2007
TIN 7717596862
PSRN 1077758910900
Web-site http://www.vniizht.ru
Specialization Scientific research
Holding

- Russian Railways Holding

JSCo Railway Research Institute (VNIIZhT) is the one of the biggest scientific centers of russian railway industry in the area of scientific research and experimental construction. It also provides certification services and cunducts certification tests for railway rollingstock and infrustructure.

The Insitute was founded in the year of 1918. In 2008 it was reorganized and became a joint stock company with the JSCo Russian railways as the owner. The Institute consists of 17 scientific divisions, 6 filials and PhD preparation division. Total labor force (including filials) is more than 1700 employees, including 34 with PhD-doctor degree and 154 PhD-candidate degree.

I.Financial results review

  Units20122013201420152016
Revenues mln RUB2 172,12 077,82 130,82 004,12 029,5
Expenses mln RUB2 047,51 995,02 026,61 894,71 910,4
Operating expenses mln RUB2 047,51 995,02 026,61 894,71 910,4
General and Administrative expenses mln RUB0,00,00,00,00,0
Commercial expenses mln RUB0,10,00,30,00,0
Operating income/loss mln RUB124,682,8104,0109,4119,1
Income/loss before taxation mln RUB61,856,880,620,538,3
Net income/loss mln RUB25,927,321,4-11,915,5
EBIT mln RUB61,856,880,620,538,3

Comparison of income, expenses and profit growth rates

  Units2013201420152016
Income growth rate %-4,32,6-5,91,3
Expenditure growth rate %-2,61,6-6,50,8
Operating expenses growth rate %-2,61,6-6,50,8
Commercial and Administrative expenses growth rate %-43,4766,7-90,416,0
Operating income growth rate %-33,525,65,38,8
Profit before tax growth rate %-8,141,9-74,687,2

II.Return on capital

  Units Abbr.20122013201420152016
Return on Sales % ROS1,191,321,00-0,590,76
Pretax Profit margin % PPM2,852,733,781,021,89
Operating margin % OPM5,743,984,885,465,87
EBIT profitability % EbitP2,852,733,781,021,89
Return on Assets % ROA0,590,610,48-0,270,33
Return on Invested Capital % ROIC0,700,730,57-0,320,38
Weighted Average Cost of Capital % WACC0,00,00,00,1-17,5
Cost of Equity % Re0,00,00,00,1-17,5
Cost of Debt % Rd0,00,00,00,00,0
Assets mln RUB A4 468,74 425,44 546,34 291,54 976,1
Equity mln RUB E3 713,43 740,73 762,13 744,84 388,0
Longterm Debt mln RUB D0,00,00,00,00,0
Invested Capital mln RUB IC3 713,43 740,73 762,13 744,84 388,0
Net Assets mln RUB NA4 468,74 425,44 545,94 290,54 975,5

III.Working capital

  Units20122013201420152016
Working capital mln RUB798,2782,2910,5877,3834,4
Current assets mln RUB1 528,61 445,11 667,91 390,11 386,9
Inventories mln RUB315,1288,2192,6231,1174,4
Accounts receivable mln RUB885,0826,9921,5799,5878,1
Cash and cash equivalents mln RUB321,8315,3276,6343,9330,4
Curent financial assets mln RUB0,00,0260,80,00,0
Other current assets mln RUB6,714,716,315,64,1
Current liabilities mln RUB730,4663,0757,4512,8552,5
Accounts payable mln RUB714,5645,0738,1497,0526,3
Other current liabilities mln RUB15,917,919,315,826,2

Working capital turnover

  Units20122013201420152016
Working capital turnover days131,5138,8145,0162,8154,3
Current assets turnover days237,1261,2266,6278,5250,4
Inventories turnover days50,653,041,238,636,6
Accounts receivable turnover days132,3150,4149,8156,7151,3
Current liabilities turnover days105,6122,4121,7115,796,1
Accounts payable turnover days104,3119,4118,5112,592,3

IV.Liquidity and financial strength

Methodology for Financial strength evaluation

sustainable

satisf.

poor

crisis

  Units20122013201420152016
Financial strength Rating cat.B1A3B1B1B2
Financial strength Score point12,5013,5012,5012,2512,00
Level of financial strength -satisf.sustainablesatisf.satisf.satisf.
Liquidy coefficients
Current Ratio -2,09| 4p.2,18| 4p.2,20| 4p.2,71| 4p.2,51| 4p.
Quick Ratio -1,65| 4p.1,72| 4p.1,93| 4p.2,23| 4p.2,19| 4p.
Absolute Liquid Ratio -0,44| 4p.0,48| 4p.0,37| 4p.0,67| 4p.0,60| 4p.
Indexes of financial stability
Financial independence ratio -0,83| 4p.0,85| 4p.0,83| 4p.0,87| 4p.0,88| 4p.
Return indexes
Return on Sales %1,19| 2p.1,32| 2p.1,00| 2p.-0,59| 1p.0,76| 2p.
Resurn on Equity %0,70| 2p.0,73| 2p.0,57| 2p.-0,32| 1p.0,38| 2p.
Return on Assets %0,59| 2p.0,61| 2p.0,48| 2p.-0,27| 1p.0,33| 2p.
Indexes of economic activity
Accounts receivable growth rate %29,04| 1p.-6,56| 3p.11,44| 1p.-13,25| 4p.9,83| 2p.
Accounts payable growth rate %36,57| 1p.-9,72| 3p.14,43| 1p.-32,67| 4p.5,90| 2p.
Accounts receivable to Accounts payable ratio -1,24| 4p.1,28| 4p.1,25| 4p.1,61| 1p.1,67| 1p.
Accounts receivable to Accounts payable turnovers' ratio -1,27| 4p.1,26| 4p.1,26| 4p.1,39| 4p.1,64| 3p.

V.Cash flow statement indirect method

from till

  Units20122013201420152016
Cash at the beginning of the period mln RUB309,4321,8315,3276,6343,9
Net profit mln RUB25,927,321,4-11,915,5
Amortization mln RUB75,786,984,584,50,0
Revaluation and deferred taxes [+] mln RUB-487,7-1,96,48,1-778,2
Decrease in Inventories mln RUB-29,527,095,6-38,456,7
Descrease in Accounts receivable mln RUB-199,258,0-94,6122,1-78,6
Increase in Accounts payable mln RUB191,3-69,493,1-241,229,3
Changes in other working capital mln RUB14,2-6,0-0,3-2,721,8
Net cash used in investing activities mln RUB-65,6-127,217,4-107,510,0
Net cash from financial activities mln RUB0,00,0-260,8260,80,0
Contribution to share capital [+] mln RUB487,30,00,00,00,0
Dividends and other distrubution of net profit [-] mln RUB0,0-1,3-1,4-6,4709,9
Cash at the end of the period mln RUB321,8315,3276,6343,9330,4

* This report is based upon web-open information and data including company annual reports and annual financial statements