3S HOLDING AS: årsregnskap 2023 vs 2022
Grew 6% on revenue, stronger earnings
approved 2024-06-30; registry 2024-08-19; journal 2024 718137
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 3S HOLDING AS. Revenue 2.02m NOK → 2.14m NOK (+6.1%). Net result +91.2k NOK → +287.7k NOK. Equity 13.81m NOK → 14.10m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 3S HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.02m NOK to 2.14m NOK (+6.1% YoY). Calculated
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Operating result improved
Operating result -519.4k NOK → -296.2k NOK (op. margin -25.7% → -13.8%). Calculated
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Net result improved
Net result +91.2k NOK → +287.7k NOK (net margin 4.5% → 13.4%). Calculated
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Equity strengthened
Book equity 13.81m NOK → 14.10m NOK (equity ratio 54.0% → 44.6%). Calculated
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Payroll decreased
Salary cost 2.18m NOK → 2.14m NOK (108% → 100% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 84.5k NOK → 80.1k NOK (-5.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.22× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 57.71m NOK → 61.56m NOK (+6.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 13.72m NOK → 18.04m NOK. Reported fact