ACO NORDIC GROUP A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ACO NORDIC GROUP A/S
ACO NORDIC GROUP A/S (CVR number: 20304510K) is a company from RINGSTED. The company reported a net sales of 100 mEUR in 2023, demonstrating a decline of -3.1 % compared to the previous year. The operating profit percentage was at 7.1 % (EBIT: 7.1 mEUR), while net earnings were 5382 kEUR. The profitability of the company measured by Return on Assets (ROA) was 15.8 %, which can be considered excellent and Return on Equity (ROE) was 17.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 63.4 %, 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. ACO NORDIC GROUP A/S's liquidity measured by quick ratio was 1.7 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 (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 84.77 | 91.44 | 97.39 | 103.20 | 100.01 |
Gross profit | 29.20 | 29.20 | 31.53 | 32.33 | 31.38 |
EBIT | 3.47 | 7.66 | 8.56 | 8.17 | 7.07 |
Net earnings | 3.28 | 5.61 | 5.13 | 6.41 | 5.38 |
Shareholders equity total | 26.98 | 29.33 | 29.28 | 31.59 | 31.44 |
Balance sheet total (assets) | 46.24 | 49.93 | 48.60 | 49.23 | 49.61 |
Net debt | 7.17 | -0.40 | 4.43 | 5.40 | 3.41 |
Profitability | |||||
EBIT-% | 4.1 % | 8.4 % | 8.8 % | 7.9 % | 7.1 % |
ROA | 9.0 % | 17.1 % | 18.4 % | 17.9 % | 15.8 % |
ROE | 12.2 % | 19.9 % | 17.5 % | 21.1 % | 17.1 % |
ROI | 11.1 % | 22.0 % | 24.4 % | 23.1 % | 20.3 % |
Economic value added (EVA) | 1.63 | 4.59 | 3.79 | 5.09 | 3.85 |
Solvency | |||||
Equity ratio | 58.4 % | 58.7 % | 60.3 % | 64.2 % | 63.4 % |
Gearing | 38.0 % | 20.3 % | 21.6 % | 18.5 % | 16.8 % |
Relative net indebtedness % | 18.9 % | 14.4 % | 16.4 % | 15.3 % | 15.0 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.7 | 1.5 | 1.4 | 1.7 |
Current ratio | 1.9 | 2.2 | 2.3 | 2.3 | 2.4 |
Cash and cash equivalents | 3.08 | 6.35 | 1.88 | 0.46 | 1.87 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 62.7 | 72.7 | 75.1 | 69.1 | 82.7 |
Net working capital % | 16.5 % | 21.4 % | 20.6 % | 19.0 % | 21.9 % |
Credit risk | |||||
Credit rating | AAA | AAA | AA | AA | AA |
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