FirmaIQ
Org.nr 915 419 062 2022 → 2023 Year-over-year analysis

OKEA ASA: årsregnskap 2023 vs 2022

Grew 34% on revenue, slipped into loss

approved 2024-03-29; registry 2024-07-23; journal 2024 659878

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for OKEA ASA. Revenue 6.65bn NOK → 8.88bn NOK (+33.5%). Net result +669.6k NOK → -935.4k NOK. Equity 2.08bn NOK → 725.64m NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for OKEA ASA.

At a glance

Scorecard

Revenue
6.65bn NOK 8.88bn NOK
+33.5%
Operating result
+3.53bn NOK +1.32bn NOK
-62.7%
Net result
+669.6k NOK -935.4k NOK
-239.7%
Equity
2.08bn NOK 725.64m NOK
-65.1%
Cash
1.10bn NOK 2.30bn NOK
+108.4%
Total assets
15.62bn NOK 18.50bn NOK
+18.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.65bn NOK to 8.88bn NOK (+33.5% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 1.10bn NOK → 2.30bn NOK (+108.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +3.53bn NOK → +1.32bn NOK (op. margin 53.0% → 14.8%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 669.6k NOK profit to a loss of 935.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.08bn NOK → 725.64m NOK (equity ratio 13.3% → 3.9%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.28× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation