FirmaIQ
Org.nr 998 680 700 2016 → 2017 Year-over-year analysis

AJ ELEKTRO AS: årsregnskap 2017 vs 2016

Shrank 12% on revenue, weaker earnings

approved 2018-05-23; registry 2018-06-02; journal 2018 386579

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AJ ELEKTRO AS. Revenue 3.06m NOK → 2.68m NOK (-12.4%). Net result +171.1k NOK → +84.6k NOK. Equity 434.2k NOK → 368.8k NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AJ ELEKTRO AS.

At a glance

Scorecard

Revenue
3.06m NOK 2.68m NOK
-12.4%
Operating result
+228.1k NOK +110.5k NOK
-51.6%
Net result
+171.1k NOK +84.6k NOK
-50.5%
Equity
434.2k NOK 368.8k NOK
-15.1%
Cash
463.5k NOK 386.6k NOK
-16.6%
Total assets
228.7k NOK 985.4k NOK
+330.9%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.03× → 1.33×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.06m NOK to 2.68m NOK (-12.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +228.1k NOK → +110.5k NOK (op. margin 7.5% → 4.1%). Calculated

  • ↓

    Net result weakened

    Net result +171.1k NOK → +84.6k NOK (net margin 5.6% → 3.2%). Calculated

  • ↓

    Equity eroded

    Book equity 434.2k NOK → 368.8k NOK (equity ratio 189.9% → 37.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 463.5k NOK → 386.6k NOK (-16.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 976.4k NOK → 846.1k NOK (-13.3% YoY). Calculated