FirmaIQ
Org.nr 975 339 793 2022 → 2023 Year-over-year analysis

3 TS INDUSTRISERVICE AS: årsregnskap 2023 vs 2022

Grew 45% on revenue, weaker earnings, cash halved-plus

approved 2024-04-24; registry 2024-05-27; journal 2024 383633

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for 3 TS INDUSTRISERVICE AS. Revenue 17.90m NOK → 26.03m NOK (+45.4%). Net result +2.53m NOK → +1.17m NOK. Equity 5.61m NOK → 3.58m NOK.

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

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

At a glance

Scorecard

Revenue
17.90m NOK 26.03m NOK
+45.4%
Operating result
n/m +1.59m NOK
—
Net result
+2.53m NOK +1.17m NOK
-53.9%
Equity
5.61m NOK 3.58m NOK
-36.2%
Cash
354.4k NOK 88.7k NOK
-75.0%
Total assets
15.97m NOK 16.64m NOK
+4.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 17.90m NOK to 26.03m NOK (+45.4% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +2.53m NOK → +1.17m NOK (net margin 14.1% → 4.5%). Calculated

  • ↓

    Equity eroded

    Book equity 5.61m NOK → 3.58m NOK (equity ratio 35.2% → 21.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 354.4k NOK → 88.7k NOK (-75.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 6.17m NOK → 6.63m NOK (35% → 25% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 5.51m NOK → 13.41m NOK (+143.5% YoY). Calculated