ACO TRANSPORT AS: årsregnskap 2020 vs 2019
Grew 17% on revenue, weaker earnings
approved 2021-05-07; registry 2021-06-16; journal 2021 332359
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACO TRANSPORT AS. Revenue 11.81m NOK → 13.84m NOK (+17.2%). Net result +575.2k NOK → +358.0k NOK. Equity 2.36m NOK → 2.92m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ACO TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.81m NOK to 13.84m NOK (+17.2% YoY). Calculated
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↑
Equity strengthened
Book equity 2.36m NOK → 2.92m NOK (equity ratio 23.5% → 18.0%). Calculated
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↑
Cash rose
Bank deposits 557.9k NOK → 1.71m NOK (+206.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.17m NOK → 3.11m NOK (27% → 22% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +964.2k NOK → +962.7k NOK (op. margin 8.2% → 7.0%). Calculated
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↓
Net result weakened
Net result +575.2k NOK → +358.0k NOK (net margin 4.9% → 2.6%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 2.30m NOK → 3.19m NOK (+38.6% YoY). Calculated