4X4 ADVENTURE AS: årsregnskap 2023 vs 2022
Shrank 57% on revenue, slipped into loss
registry 2024-07-24; journal 2024 667617
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 4X4 ADVENTURE AS. Revenue 814.2k NOK → 348.0k NOK (-57.3%). Net result +19.9k NOK → -20.4k NOK. Equity 49.9k NOK → 29.6k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4X4 ADVENTURE AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.89× → 1.02×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 814.2k NOK to 348.0k NOK (-57.3% YoY). Calculated
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↓
Operating result weakened
Operating result +23.7k NOK → -19.9k NOK (op. margin 2.9% → -5.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 19.9k NOK profit to a loss of 20.4k NOK. Calculated
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↓
Equity eroded
Book equity 49.9k NOK → 29.6k NOK (equity ratio 11.6% → 9.8%). Calculated
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↓
Cash fell
Bank deposits 23.2k NOK → 14.9k NOK (-35.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 272.7k NOK → 585 NOK (-99.8% YoY). Calculated