Org.nr 984 036 736 2018 → 2019 Year-over-year analysis

4HUMAN TQM AS: årsregnskap 2019 vs 2018

Grew 6% on revenue

approved 2020-08-24; registry 2020-10-03; journal 2020 895600

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 4HUMAN TQM AS. Revenue 17.33m NOK → 18.43m NOK (+6.4%). Equity 4.00m NOK → 5.05m NOK.

On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; cash fell.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 4HUMAN TQM AS.

At a glance

Revenue

17.33m NOK 18.43m NOK

+6.4%

Operating result

+3.50m NOK +3.37m NOK

-3.7%

Net result

n/m +2.73m NOK

—

Equity

4.00m NOK 5.05m NOK

+26.3%

Cash

499.0k NOK 361.1k NOK

-27.6%

Total assets

9.69m NOK 14.95m NOK

+54.3%

↑
Revenue rose

Operating income / revenue moved from 17.33m NOK to 18.43m NOK (+6.4% YoY). Calculated
↑
Equity strengthened

Book equity 4.00m NOK → 5.05m NOK (equity ratio 41.3% → 33.8%). Calculated
↑
Current ratio back above 1×

Current ratio 0.53× → 1.03×. Calculated

↓
Operating result weakened

Operating result +3.50m NOK → +3.37m NOK (op. margin 20.2% → 18.3%). Calculated
↓
Cash fell

Bank deposits 499.0k NOK → 361.1k NOK (-27.6% YoY). Calculated

·
COGS moved

COGS / varekostnad 277.0k NOK → 835.0k NOK (+201.4% YoY). Calculated
·
Book investments changed

Investment / intangible book value 33 NOK → 1 693 NOK. Reported fact