VITECO ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About VITECO ApS
VITECO ApS (CVR number: 33885989) is a company from KØBENHAVN. The company reported a net sales of 6.6 mDKK in 2023, demonstrating a growth of 9.6 % compared to the previous year. The operating profit percentage was at 19.1 % (EBIT: 1.3 mDKK), while net earnings were 1038.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 44.6 %, which can be considered excellent and Return on Equity (ROE) was 59.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 67.5 %, 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. VITECO ApS's liquidity measured by quick ratio was 3.1 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 7 155.17 | 5 564.03 | 6 140.49 | 6 008.11 | 6 587.03 |
Gross profit | 5 365.61 | 4 053.14 | 4 392.43 | 4 399.23 | 5 335.78 |
EBIT | -8.11 | -32.51 | 39.44 | 915.39 | 1 256.31 |
Net earnings | 0.82 | 5.83 | 23.50 | 702.55 | 1 038.35 |
Shareholders equity total | 749.70 | 755.53 | 940.36 | 1 417.83 | 2 063.52 |
Balance sheet total (assets) | 1 369.39 | 2 109.58 | 2 282.91 | 2 586.48 | 3 058.31 |
Net debt | - 449.40 | -1 083.00 | - 564.65 | -1 250.14 | -2 019.05 |
Profitability | |||||
EBIT-% | -0.1 % | -0.6 % | 0.6 % | 15.2 % | 19.1 % |
ROA | 0.5 % | 1.0 % | 1.8 % | 37.6 % | 44.6 % |
ROE | 0.1 % | 0.8 % | 2.8 % | 59.6 % | 59.7 % |
ROI | 1.1 % | 2.3 % | 4.7 % | 77.6 % | 72.2 % |
Economic value added (EVA) | -55.96 | -40.14 | 47.52 | 695.43 | 1 036.59 |
Solvency | |||||
Equity ratio | 54.7 % | 35.8 % | 41.2 % | 54.8 % | 67.5 % |
Gearing | 0.1 % | ||||
Relative net indebtedness % | 2.4 % | 4.9 % | 12.7 % | -1.4 % | -15.6 % |
Liquidity | |||||
Quick ratio | 2.2 | 1.6 | 1.7 | 2.2 | 3.1 |
Current ratio | 2.2 | 1.6 | 1.7 | 2.2 | 3.1 |
Cash and cash equivalents | 449.40 | 1 083.00 | 564.65 | 1 250.14 | 2 021.72 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 40.8 | 55.9 | 95.6 | 72.5 | 48.9 |
Net working capital % | 10.5 % | 13.6 % | 15.3 % | 23.6 % | 31.3 % |
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | BBB |
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