Karafarin Bank First in IMI-100 for Total Factor Productivity & Sales Returns

Karafarin Bank won first place among the top Iranian 100 companies for its high productivity and sales returns, at the Nineteenth Conference of Ranking of Top Companies of Iran – 2015-16.
This conference was held at the international Symposium on Broadcasting on Monday 24 January in presence of Deputy Minister of Industry, Mines & Commerce, Managing Director of Industrial Management Organization, a number of officials and directors of top companies and Public Relations reported.
In this conference, Karafarin Bank successfully earned top rank in terms of sales returns for the third consecutive year. This bank was also awarded first place in terms of total factor productivity, within the group of banks and credit institutes.
Whereas prior to 2015-16, rating of the top 100 companies were based on 33 indexes, current rating include four new indexes, namely: total productivity, total factor productivity, human resource productivity and capital productivity.
In the past 19 years, the Industrial Management Organization has used ratios of company size and growth (sales, sales growth, annual sales, added value, assets, asset growth, number of employees and recruitment growth) profitability and performance ratios (profitability, profit growth, sale returns, assets returns, equity method returns, asset turnover, and ownership ratio) export ratios (exports, exports per capita, export growth, export to sales ratio), liquidity ratios (current, net sales operations revenues to net operating profits revenues), debt ratios (debt, interest coverage) market ratios (market value, market returns, shareholders’ equity, P/E and P/B).
The IMI-100 rating provides an accurate analysis of the performance of companies. This information leads to transparency and encourages competition among private and public sectors, which ultimately paves the ground to forecast the future of any given industry. The result of such analysis help industrial and economic policymakers make the most appropriate decisions on the country’s long-term economic policies.