Org.nr 928 949 648 2022 → 2023 Year-over-year analysis

2020 BULKERS SANDEFJORD AS: årsregnskap 2023 vs 2022

Grew 145446% on revenue, stronger earnings, fresh owner capital

approved 2024-06-26; registry 2024-07-25; journal 2024 673891

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 2020 BULKERS SANDEFJORD AS. Revenue 61.9k NOK → 90.09m NOK (+145446.5%). Net result +13.05m NOK → +28.18m NOK. Equity 127.80m NOK → 52.39m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.

Net constructive year on the published lines.

Scorecard

Revenue
61.9k NOK 90.09m NOK
+145446.5%
Operating result
+34.1k NOK +46.80m NOK
+137210.0%
Net result
+13.05m NOK +28.18m NOK
+115.9%
Equity
127.80m NOK 52.39m NOK
-59.0%
Cash
11.6k NOK 26.84m NOK
+230359.4%
Total assets
420.48m NOK 414.97m NOK
-1.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 61.9k NOK to 90.09m NOK (+145446.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +34.1k NOK → +46.80m NOK (op. margin 55.1% → 51.9%). Calculated

  • ↑

    Net result improved

    Net result +13.05m NOK → +28.18m NOK (net margin 21085.7% → 31.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 11.6k NOK → 26.84m NOK (+230359.4% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 251.3k NOK → 156.33m NOK (+156.08m NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 127.80m NOK → 52.39m NOK (equity ratio 30.4% → 12.6%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 373.71× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated