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: 17741519) is a company from HORSENS. The company reported a net sales of 1746.2 mDKK in 2023, demonstrating a growth of 9.8 % compared to the previous year. The operating profit percentage was at 29.6 % (EBIT: 517.6 mDKK), while net earnings were 462.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 15.5 %, which can be considered excellent and Return on Equity (ROE) was 17.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 69.8 %, 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. REMA 1000 DANMARK A/S's liquidity measured by quick ratio was 2.3 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 291.85 | 1 437.50 | 1 445.22 | 1 589.94 | 1 746.17 |
Gross profit | 597.72 | 703.60 | 680.88 | 790.16 | 854.62 |
EBIT | 376.09 | 470.89 | 444.94 | 540.47 | 517.63 |
Net earnings | 421.64 | 735.43 | 462.40 | 619.85 | 462.83 |
Shareholders equity total | 2 254.74 | 2 340.17 | 2 402.57 | 2 622.42 | 2 585.25 |
Balance sheet total (assets) | 3 136.58 | 5 077.25 | 4 260.60 | 4 331.29 | 3 703.38 |
Net debt | 657.65 | 2 490.63 | 1 580.45 | 1 443.76 | 630.87 |
Profitability | |||||
EBIT-% | 29.1 % | 32.8 % | 30.8 % | 34.0 % | 29.6 % |
ROA | 16.6 % | 20.7 % | 12.6 % | 17.9 % | 15.5 % |
ROE | 19.7 % | 32.0 % | 19.5 % | 24.7 % | 17.8 % |
ROI | 17.4 % | 21.6 % | 13.2 % | 18.8 % | 16.9 % |
Economic value added (EVA) | 277.10 | 353.43 | 321.30 | 396.17 | 366.23 |
Solvency | |||||
Equity ratio | 71.9 % | 46.1 % | 56.4 % | 60.5 % | 69.8 % |
Gearing | 29.2 % | 106.5 % | 65.9 % | 55.1 % | 24.4 % |
Relative net indebtedness % | 63.1 % | 186.2 % | 124.6 % | 104.0 % | 61.2 % |
Liquidity | |||||
Quick ratio | 0.9 | 0.9 | 1.6 | 1.9 | 2.3 |
Current ratio | 0.9 | 0.9 | 1.6 | 1.9 | 2.4 |
Cash and cash equivalents | 0.80 | 1.85 | 2.08 | 0.04 | 0.04 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 45.1 | 41.1 | 41.2 | 40.8 | 43.7 |
Net working capital % | -7.1 % | -27.3 % | 76.2 % | 89.8 % | 84.7 % |
Credit risk | |||||
Credit rating | AAA | AA | AAA | AA | AAA |
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