FirmaIQ
Org.nr 916 915 144 2019 → 2020 Year-over-year analysis

A/S Røra Fabrikker: årsregnskap 2020 vs 2019

Grew 91299% on revenue, weaker earnings

approved 2021-06-16; registry 2021-08-24; journal 2021 640683

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for A/S Røra Fabrikker. Revenue 276.0k NOK → 252.26m NOK (+91299.3%). Net result +7.22m NOK → +4.62m NOK. Equity 11.14m NOK → 11.14m NOK.

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

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A/S Røra Fabrikker.

At a glance

Scorecard

Revenue
276.0k NOK 252.26m NOK
+91299.3%
Operating result
+9.20m NOK +5.58m NOK
-39.4%
Net result
+7.22m NOK +4.62m NOK
-36.0%
Equity
11.14m NOK 11.14m NOK
+0.0%
Cash
2 000 NOK 2 000 NOK
0.0%
Total assets
188.4k NOK 175.19m NOK
+92899.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 276.0k NOK to 252.26m NOK (+91299.3% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.00× → 3.25×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +9.20m NOK → +5.58m NOK (op. margin 3332.2% → 2.2%). Calculated

  • ↓

    Net result weakened

    Net result +7.22m NOK → +4.62m NOK (net margin 2614.9% → 1.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 2.19m NOK → 2.17m NOK (-1.0% YoY). Calculated