‘The 500 most important companies in Mexico’ is a ranking that considers for-profit companies, entities that offer a good or service and that report income or sales. The objective of the list is to provide an overview of the main Mexican companies in the various economic sectors. public and private, Mexican and transnational, requesting general information and summary financial data, which are included in the list.
How is the ranking made? Here we tell you.
How is the ranking ordered?
The companies are ordered according to their net income, from highest to lowest, which determines their position. For Mexican companies, operations in the country and abroad are considered, and for transnationals, only what is generated by their operations in national territory. The information is indicated as audited, preliminary or estimated.
The estimated information refers to that which was not obtained directly from the companies, but from other sources, or information that, due to financial data disclosure policies, the same companies decided to deliver as approximate. Likewise, the information for 2019 was not updated and was not recalculated for inflation, sales, mergers or acquisitions, it is presented original to the annual report ruled in that year.
The position occupied by the companies in 2019 was recalculated on the companies that participate this year. For this reason, the position published in the previous year’s edition may not coincide with that indicated in this edition.
Exchange rate
For financial data shared in other currencies, the average exchange rate was used for the income statements, and the exchange rate as of December 31, for the balance sheet. For the dollar, the exchange rate was 21.46 and 19.27 for 2020, and 19.26 and 18.86 pesos in 2019, respectively.
Holdings
Holding companies are disaggregated when their subsidiaries compete in different sectors, to make comparison with other individual companies possible. If the holding is a group of companies in the same sector or is not relevant for a sector comparison of companies, it is not disaggregated.
Financial institutions
For the concept of sales for banks and credit institutions, the following were considered: interest income, premium income, commissions and fees charged and results from intermediation. For insurance and surety companies: written premiums. For Brokerage Houses: profit / loss from sale plus commissions and income from brokerage. And for Afores: commission income.
Sources
Financial reports of the companies, the Mexican Stock Exchange, Bloomberg, the National Banking and Securities Commission, the National Insurance and Surety Commission, the National Retirement Savings System Commission, the United States Securities and Exchange Commission and the National Platform for Transparency.
