FirmaIQ
Org.nr 975 339 793 2020 → 2021 Year-over-year analysis

3 TS INDUSTRISERVICE AS: årsregnskap 2021 vs 2020

Shrank 18% on revenue, weaker earnings

approved 2022-07-06; registry 2022-08-08; journal 2022 815206

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 3 TS INDUSTRISERVICE AS. Revenue 22.33m NOK → 18.34m NOK (-17.9%). Net result -102.3k NOK → -1.17m NOK. Equity 4.25m NOK → 3.09m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 3 TS INDUSTRISERVICE AS.

At a glance

Scorecard

Revenue
22.33m NOK 18.34m NOK
-17.9%
Operating result
+236.7k NOK -1.09m NOK
-560.0%
Net result
-102.3k NOK -1.17m NOK
-1039.9%
Equity
4.25m NOK 3.09m NOK
-27.4%
Cash
1.05m NOK 1.57m NOK
+49.8%
Total assets
13.44m NOK 11.21m NOK
-16.6%

What improved

  • ↑

    Cash rose

    Bank deposits 1.05m NOK → 1.57m NOK (+49.8% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 22.33m NOK to 18.34m NOK (-17.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +236.7k NOK → -1.09m NOK (op. margin 1.1% → -5.9%). Calculated

  • ↓

    Net result weakened

    Net result -102.3k NOK → -1.17m NOK (net margin -0.5% → -6.4%). Calculated

  • ↓

    Equity eroded

    Book equity 4.25m NOK → 3.09m NOK (equity ratio 31.6% → 27.5%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 9.61m NOK → 7.87m NOK (-18.1% YoY). Calculated