FirmaIQ
Org.nr 879 946 492 2022 → 2023 Year-over-year analysis

A C SMITH & CO AS: årsregnskap 2023 vs 2022

Grew 6% on revenue, stronger earnings

approved 2024-06-26; registry 2024-07-02; journal 2024 563280

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for A C SMITH & CO AS. Revenue 44.40m NOK → 47.19m NOK (+6.3%). Net result +3.04m NOK → +8.32m NOK. Equity 17.03m NOK → 14.35m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: payroll increased; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for A C SMITH & CO AS.

At a glance

Scorecard

Revenue
44.40m NOK 47.19m NOK
+6.3%
Operating result
+3.41m NOK +9.06m NOK
+166.1%
Net result
+3.04m NOK +8.32m NOK
+173.5%
Equity
17.03m NOK 14.35m NOK
-15.7%
Cash
6.66m NOK 18.91m NOK
+184.0%
Total assets
28.50m NOK 33.25m NOK
+16.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 44.40m NOK to 47.19m NOK (+6.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.41m NOK → +9.06m NOK (op. margin 7.7% → 19.2%). Calculated

  • ↑

    Net result improved

    Net result +3.04m NOK → +8.32m NOK (net margin 6.9% → 17.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 6.66m NOK → 18.91m NOK (+184.0% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 17.03m NOK → 14.35m NOK (equity ratio 59.7% → 43.2%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 13.73m NOK → 13.94m NOK (31% → 30% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 23.34m NOK → 20.01m NOK (-14.3% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 18 → 17. Reported fact