24FITNESS AS: årsregnskap 2017 vs 2016
Grew 15% on revenue, weaker earnings
approved 2018-05-31; registry 2018-08-01; journal 2018 832867
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 24FITNESS AS. Revenue 8.64m NOK → 9.90m NOK (+14.5%). Net result +468.0k NOK → +299.3k NOK. Equity 1.07m NOK → 1.37m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 24FITNESS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.64m NOK to 9.90m NOK (+14.5% YoY). Calculated
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↑
Equity strengthened
Book equity 1.07m NOK → 1.37m NOK (equity ratio 67.5% → 67.8%). Calculated
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↑
Cash rose
Bank deposits 312.1k NOK → 460.9k NOK (+47.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.61× → 2.69×. Calculated
What deteriorated
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↓
Net result weakened
Net result +468.0k NOK → +299.3k NOK (net margin 5.4% → 3.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 723.6k NOK → 924.7k NOK (8% → 9% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.21m NOK → 6.27m NOK (+20.3% YoY). Calculated