BELGRADE – A total of 320 large companies were operating in Bosnia and Herzegovina in 2023, and the portal Biznis.rs he made a list 99 most successful. The success of large companies is measured exclusively by extensive financial reports that Biznis.rs took over from an analytical partner, a regional rating agency. CompanyWallwhich gives additional value to portal research.
On the list of the 99 most successful, there were companies that mostly deal with trade, energy, telecommunications and the oil industry, and the very top of the list was occupied by the trading company Bingo, followed by energy “heavyweights” Elektroprivreda RS and Sarajevo’s Holdine.
Business parameters, the most important factors of the mathematical formula for calculating performance
The research of the Biznis.rs portal covers all companies that are categorized as large in Bosnia and Herzegovina, 320 of them. In 2023, they employed 137,818 people and made a total turnover of 42.15 billion convertible marks, while their total profit was 3.49 billion KM.
However, the opportunity to be on one of the 99 places on the list of the most successful companies was given only to those companies that fulfilled the key business parameters, while companies that are in liquidation, inactive, in pre-bankruptcy proceedings, and those whose net debt were automatically eliminated from the list , i.e. the difference between short-term liabilities and current assets, exceeds five times the value of EBITDA.
The key business parameters, which use a unique mathematical formula to calculate the company’s performance, include total revenue, net profit, added value per employee, revenue growth index in 2023 compared to 2022, EBITDA in 2023 compared to 2022, as and indebtedness criterion. Different weighting values are assigned to these parameters, according to their importance, so, for example, the criterion of added value per employee had the strongest weighting, followed by profit and profit growth, and then income and income growth. This is how it can be explained how Elektroprivreda RS found itself on the success list ahead of Holdina, which, although it has higher revenues, also has lower profits and lower added value per employee.
Large companies, 99 of them, that were on the Biznis.rs list the most successful in 2023, with 63,764 employees, achieved total revenue of 29.2 billion KM and 2.34 billion KM profit, which is more than 50 percent of the total revenue of all 320 large companies in BiH.
Although companies from this size category can influence social progress in many ways, because as large companies they significantly contribute to the economy and economic development of countries, creating jobs and increasing the gross domestic product (GDP), the most direct and obvious is the pure material impact – through profit, income and earnings.
The first place on the Biznis.rs list of the most successful large companies in BiH was taken by the largest retail chain Bingo doo from Tuzla, which achieved almost two billion KM in total revenue and slightly more than KM 158 million in profit.
Second place went to MH Elektroprivreda Republika Srpska AD from Trebinje with total revenues in the amount of 1.15 billion KM, while in third place is the company for the sale of oil and oil derivatives, Holdina doo from Sarajevo, which achieved total revenues of 1 ,38 billion KM.
The importance of positioning in the market
In today’s world of frequent and unpredictable market changes, better availability of information is a prerequisite for quick making of correct decisions and minimizing business risks. Precisely for these reasons, it is important for companies not only in Bosnia and Herzegovina, but also in the countries of the region, to be recognized as successful and reliable, but also clearly positioned on the market. Therefore, it is not surprising that company managements are eagerly awaiting the results of financial reports on the basis of which they can be ranked on the list 99 most successfulwhich, by the way, when it comes to large companies in Bosnia and Herzegovina, can be seen on the portal Biznis.rs.
Information – valuable asset of the company
In addition to annual lists of the most successful companies, in order to separate reliable from unreliable partners, companies increasingly need the services of credit rating agencies, among which, with tens of thousands of satisfied clients, a regional credit rating agency stands out as the most relevant. CompanyWall. On its platform, you can access the current and most reliable financial reports of all companies operating in Bosnia and Herzegovina, but also in Montenegro, Slovenia, Serbia, Croatia, Macedonia and Hungary. As well as the portal Biznis.rs, which he chose as his analytical partner CompanyWall and many business entities, companies, but also state institutions rely on the reports, credit ratings and certificates of this credit rating house, which brings them safer business.
PR
Source: capital.ba
