FirmaIQ
Org.nr 998 457 149 2019 → 2020 Year-over-year analysis

ADVASAN MEDICAL GROUP AS: årsregnskap 2020 vs 2019

Grew 333% on revenue, stronger earnings

approved 2021-07-30; registry 2021-09-01; journal 2021 706002

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVASAN MEDICAL GROUP AS. Revenue 24.4k NOK → 105.7k NOK (+332.5%). Net result +690 NOK → +24.5k NOK. Equity 56.0k NOK → 80.5k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVASAN MEDICAL GROUP AS.

At a glance

Scorecard

Revenue
24.4k NOK 105.7k NOK
+332.5%
Operating result
+3 032 NOK +29.3k NOK
+867.3%
Net result
+690 NOK +24.5k NOK
+3452.6%
Equity
56.0k NOK 80.5k NOK
+43.8%
Cash
55.8k NOK 95.1k NOK
+70.4%
Total assets
93.3k NOK 158.5k NOK
+69.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 24.4k NOK to 105.7k NOK (+332.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3 032 NOK → +29.3k NOK (op. margin 12.4% → 27.8%). Calculated

  • ↑

    Net result improved

    Net result +690 NOK → +24.5k NOK (net margin 2.8% → 23.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 56.0k NOK → 80.5k NOK (equity ratio 60.0% → 50.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 55.8k NOK → 95.1k NOK (+70.4% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad -10.3k NOK → 49.3k NOK (+577.9% YoY). Calculated