REMA 1000 DANMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About REMA 1000 DANMARK A/S
REMA 1000 DANMARK A/S (CVR number: 17741519K) is a company from HORSENS. The company reported a net sales of 26204.6 mDKK in 2023, demonstrating a growth of 6.1 % compared to the previous year. The operating profit percentage was at 2.2 % (EBIT: 563.9 mDKK), while net earnings were 462.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.5 %, which can be considered good but Return on Equity (ROE) was 17.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 39.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. REMA 1000 DANMARK A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 19 888.62 | 22 301.50 | 22 063.60 | 24 703.42 | 26 204.62 |
Gross profit | 1 263.78 | 1 652.68 | 1 328.08 | 1 599.86 | 1 520.62 |
EBIT | 542.20 | 894.61 | 576.77 | 791.67 | 563.94 |
Net earnings | 421.64 | 735.43 | 462.40 | 619.85 | 462.83 |
Shareholders equity total | 2 259.89 | 2 345.20 | 2 408.43 | 2 623.32 | 2 586.76 |
Balance sheet total (assets) | 5 685.31 | 5 855.76 | 6 311.16 | 6 244.96 | 6 613.17 |
Net debt | 62.66 | -1.97 | -21.40 | 3.62 | -6.47 |
Profitability | |||||
EBIT-% | 2.7 % | 4.0 % | 2.6 % | 3.2 % | 2.2 % |
ROA | 10.3 % | 15.6 % | 9.8 % | 13.0 % | 9.5 % |
ROE | 19.6 % | 31.9 % | 19.5 % | 24.6 % | 17.8 % |
ROI | 22.9 % | 36.5 % | 24.1 % | 31.3 % | 22.7 % |
Economic value added (EVA) | 496.31 | 816.48 | 554.25 | 650.61 | 462.80 |
Solvency | |||||
Equity ratio | 39.7 % | 40.0 % | 38.2 % | 42.0 % | 39.1 % |
Gearing | 3.1 % | 0.3 % | 0.5 % | 0.4 % | 0.6 % |
Relative net indebtedness % | 16.5 % | 15.2 % | 17.1 % | 14.3 % | 15.1 % |
Liquidity | |||||
Quick ratio | 0.5 | 0.9 | 0.8 | 0.9 | 0.8 |
Current ratio | 1.1 | 1.5 | 1.3 | 1.4 | 1.3 |
Cash and cash equivalents | 6.65 | 8.30 | 33.60 | 7.20 | 21.43 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 21.3 | 32.5 | 18.1 | 20.9 | 20.6 |
Net working capital % | 1.6 % | 6.9 % | 5.4 % | 5.8 % | 4.8 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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