ACESHOP AS: årsregnskap 2019 vs 2018
Grew 55% on revenue, stronger earnings, cash halved-plus
approved 2020-06-22; registry 2020-06-29; journal 2020 503409
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACESHOP AS. Revenue 400.1k NOK → 621.0k NOK (+55.2%). Net result +283 NOK → +43.2k NOK. Equity -22.0k NOK → 21.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ACESHOP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 400.1k NOK to 621.0k NOK (+55.2% YoY). Calculated
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Operating result improved
Operating result +809 NOK → +42.8k NOK (op. margin 0.2% → 6.9%). Calculated
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Net result improved
Net result +283 NOK → +43.2k NOK (net margin 0.1% → 7.0%). Calculated
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Equity strengthened
Book equity -22.0k NOK → 21.1k NOK (equity ratio -17.4% → 12.9%). Calculated
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Current ratio back above 1×
Current ratio 0.85× → 1.87×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 13.5k NOK → 451 NOK (-96.7% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 320.9k NOK → 497.4k NOK (+55.0% YoY). Calculated