FirmaIQ
Org.nr 995 453 975 2015 → 2016 Year-over-year analysis

24FITNESS AS: årsregnskap 2016 vs 2015

Grew 19% on revenue, stronger earnings

approved 2017-06-15; registry 2017-07-15; journal 2017 688052

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for 24FITNESS AS. Revenue 7.29m NOK → 8.64m NOK (+18.6%). Net result +22.4k NOK → +468.0k NOK. Equity 606.6k NOK → 1.07m NOK.

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

Also worth watching: cogs moved. All figures are taken from the published annual accounts for 24FITNESS AS.

At a glance

Scorecard

Revenue
7.29m NOK 8.64m NOK
+18.6%
Net result
+22.4k NOK +468.0k NOK
+1985.5%
Equity
606.6k NOK 1.07m NOK
+77.1%
Cash
311.5k NOK 312.1k NOK
+0.2%
Total assets
1.19m NOK 1.59m NOK
+33.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 7.29m NOK to 8.64m NOK (+18.6% YoY). Calculated

  • ↑

    Net result improved

    Net result +22.4k NOK → +468.0k NOK (net margin 0.3% → 5.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 606.6k NOK → 1.07m NOK (equity ratio 50.9% → 67.5%). Calculated

What deteriorated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.58× → 0.61× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 4.77m NOK → 5.21m NOK (+9.2% YoY). Calculated