FirmaIQ
Org.nr 879 946 492 2019 → 2020 Year-over-year analysis

A C SMITH & CO AS: årsregnskap 2020 vs 2019

Grew 24% on revenue, stronger earnings

registry 2021-07-28; journal 2021 552681

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A C SMITH & CO AS. Revenue 49.83m NOK → 62.02m NOK (+24.5%). Net result +433.5k NOK → +799.9k NOK. Equity 3.72m NOK → 11.52m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A C SMITH & CO AS.

At a glance

Scorecard

Revenue
49.83m NOK 62.02m NOK
+24.5%
Operating result
+476.0k NOK +701.7k NOK
+47.4%
Net result
+433.5k NOK +799.9k NOK
+84.5%
Equity
3.72m NOK 11.52m NOK
+209.4%
Cash
2.51m NOK 3.13m NOK
+25.0%
Total assets
18.03m NOK 21.41m NOK
+18.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 49.83m NOK to 62.02m NOK (+24.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +476.0k NOK → +701.7k NOK (op. margin 1.0% → 1.1%). Calculated

  • ↑

    Net result improved

    Net result +433.5k NOK → +799.9k NOK (net margin 0.9% → 1.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.72m NOK → 11.52m NOK (equity ratio 20.7% → 53.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.51m NOK → 3.13m NOK (+25.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 15.92m NOK → 17.05m NOK (32% → 27% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 30.04m NOK → 31.38m NOK (+4.4% YoY). Calculated