ROCKWOOL A/S
Credit rating
Company information
About ROCKWOOL A/S
ROCKWOOL A/S (CVR number: 54879415K) is a company from Høje-Taastrup. The company reported a net sales of 3620 mEUR in 2023, demonstrating a decline of -7.3 % compared to the previous year. The operating profit percentage was at 14.3 % (EBIT: 518 mEUR), while net earnings were 389 mEUR. The profitability of the company measured by Return on Assets (ROA) was 16 %, which can be considered excellent but Return on Equity (ROE) was 14.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 78.9 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. ROCKWOOL A/S's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 757.00 | 2 602.00 | 3 088.00 | 3 907.00 | 3 620.00 |
Gross profit | - 381.00 | - 323.00 | - 514.00 | -1 044.00 | - 523.00 |
EBIT | 372.00 | 338.00 | 401.00 | 402.00 | 518.00 |
Net earnings | 285.00 | 251.00 | 303.00 | 273.00 | 389.00 |
Shareholders equity total | 2 118.00 | 2 092.00 | 2 394.00 | 2 580.00 | 2 804.00 |
Balance sheet total (assets) | 2 694.00 | 2 744.00 | 3 080.00 | 3 428.00 | 3 554.00 |
Net debt | - 202.00 | -74.00 | - 103.00 | -22.00 | - 276.00 |
Profitability | |||||
EBIT-% | 13.5 % | 13.0 % | 13.0 % | 10.3 % | 14.3 % |
ROA | 14.7 % | 12.8 % | 14.1 % | 12.9 % | 16.0 % |
ROE | 14.3 % | 11.9 % | 13.5 % | 11.0 % | 14.5 % |
ROI | 18.0 % | 15.2 % | 17.0 % | 15.6 % | 19.1 % |
Economic value added (EVA) | 214.81 | 167.74 | 210.24 | 192.17 | 263.71 |
Solvency | |||||
Equity ratio | 78.6 % | 76.2 % | 77.7 % | 75.3 % | 78.9 % |
Gearing | 3.4 % | 8.0 % | 2.6 % | 7.0 % | 2.7 % |
Relative net indebtedness % | 10.9 % | 15.8 % | 16.9 % | 16.5 % | 11.0 % |
Liquidity | |||||
Quick ratio | 1.5 | 1.2 | 1.2 | 1.1 | 1.5 |
Current ratio | 2.1 | 1.7 | 1.8 | 1.8 | 2.2 |
Cash and cash equivalents | 275.00 | 241.00 | 165.00 | 202.00 | 353.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 36.4 | 34.6 | 36.3 | 32.4 | 34.0 |
Net working capital % | 16.4 % | 12.4 % | 13.9 % | 12.4 % | 17.7 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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