FirmaIQ
Org.nr 998 332 354 2016 → 2017 Year-over-year analysis

24 RENHOLDSERVICE AS: årsregnskap 2017 vs 2016

Grew 33% on revenue, cash halved-plus

approved 2018-05-28; registry 2018-06-06; journal 2018 415848

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 24 RENHOLDSERVICE AS. Revenue 3.06m NOK → 4.07m NOK (+32.7%). Equity 272.4k NOK → 2.07m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell.

Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for 24 RENHOLDSERVICE AS.

At a glance

Scorecard

Revenue
3.06m NOK 4.07m NOK
+32.7%
Net result
+2 016 NOK n/m
—
Equity
272.4k NOK 2.07m NOK
+660.7%
Cash
6.70m NOK 2.53m NOK
-62.3%
Total assets
1.99m NOK 3.14m NOK
+58.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.06m NOK to 4.07m NOK (+32.7% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 272.4k NOK → 2.07m NOK (equity ratio 13.7% → 66.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 6.70m NOK → 2.53m NOK (-62.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (6.70m NOK → 2.53m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 1.09m NOK → 1.96m NOK (36% → 48% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 824.3k NOK → 482.0k NOK (-41.5% YoY). Calculated