FirmaIQ
Org.nr 998 680 700 2017 → 2018 Year-over-year analysis

AJ ELEKTRO AS: årsregnskap 2018 vs 2017

Grew 15% on revenue, stronger earnings

approved 2019-03-28; registry 2019-06-13; journal 2019 418526

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AJ ELEKTRO AS. Revenue 2.68m NOK → 3.08m NOK (+15.0%). Net result +84.6k NOK → +305.7k NOK. Equity 368.8k NOK → 474.5k 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 AJ ELEKTRO AS.

At a glance

Scorecard

Revenue
2.68m NOK 3.08m NOK
+15.0%
Operating result
+110.5k NOK +396.2k NOK
+258.7%
Net result
+84.6k NOK +305.7k NOK
+261.3%
Equity
368.8k NOK 474.5k NOK
+28.7%
Cash
386.6k NOK 788.6k NOK
+104.0%
Total assets
985.4k NOK 274.1k NOK
-72.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.68m NOK to 3.08m NOK (+15.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +110.5k NOK → +396.2k NOK (op. margin 4.1% → 12.9%). Calculated

  • ↑

    Net result improved

    Net result +84.6k NOK → +305.7k NOK (net margin 3.2% → 9.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 368.8k NOK → 474.5k NOK (equity ratio 37.4% → 173.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 386.6k NOK → 788.6k NOK (+104.0% YoY). Calculated

What deteriorated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.33× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 846.1k NOK → 71.2k NOK (-91.6% YoY). Calculated