Org.nr 911 674 971 2019 → 2020 Year-over-year analysis

ACAS KJØL OG FRYS AS: årsregnskap 2020 vs 2019

Grew 17% on revenue, stronger earnings

approved 2021-06-22; registry 2021-06-24; journal 2021 471163

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2020 with 2019 for ACAS KJØL OG FRYS AS. Revenue 529.5k NOK → 619.3k NOK (+17.0%). Net result +25.0k NOK → +6.15m NOK. Equity 440.2k NOK → 588.6k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACAS KJØL OG FRYS AS.

Scorecard

Revenue
529.5k NOK 619.3k NOK
+17.0%
Operating result
+32.4k NOK +187.3k NOK
+477.6%
Net result
+25.0k NOK +6.15m NOK
+24465.9%
Equity
440.2k NOK 588.6k NOK
+33.7%
Cash
139.9k NOK 303.3k NOK
+116.7%
Total assets
729.8k NOK 115.3k NOK
-84.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 529.5k NOK to 619.3k NOK (+17.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +32.4k NOK → +187.3k NOK (op. margin 6.1% → 30.2%). Calculated

  • ↑

    Net result improved

    Net result +25.0k NOK → +6.15m NOK (net margin 4.7% → 992.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 440.2k NOK → 588.6k NOK (equity ratio 60.3% → 510.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 139.9k NOK → 303.3k NOK (+116.7% YoY). Calculated

What deteriorated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.52× → 0.22× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 160.1k NOK → 86.0k NOK (-46.3% YoY). Calculated