VEJRUP ANDELS GROVVAREFORENING A.M.B.A.
Credit rating
Company information
About VEJRUP ANDELS GROVVAREFORENING A.M.B.A.
VEJRUP ANDELS GROVVAREFORENING A.M.B.A. (CVR number: 45231712) is a company from VARDE. The company reported a net sales of 433.6 mDKK in 2023, demonstrating a decline of -2.4 % compared to the previous year. The operating profit percentage was at 2.1 % (EBIT: 9.3 mDKK), while net earnings were 5911.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good but Return on Equity (ROE) was 22 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38.5 %, 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. VEJRUP ANDELS GROVVAREFORENING A.M.B.A.'s liquidity measured by quick ratio was 1.3 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 213.34 | 290.13 | 367.73 | 444.16 | 433.64 |
Gross profit | 15.90 | 17.75 | 22.16 | 20.96 | 28.33 |
EBIT | 2.94 | 2.96 | 5.71 | 4.08 | 9.32 |
Net earnings | 1.64 | 1.86 | 4.01 | 2.10 | 5.91 |
Shareholders equity total | 16.34 | 18.18 | 24.92 | 23.76 | 29.99 |
Balance sheet total (assets) | 72.05 | 80.76 | 114.60 | 116.48 | 109.65 |
Net debt | 18.38 | 22.52 | |||
Profitability | |||||
EBIT-% | 1.4 % | 1.0 % | 1.6 % | 0.9 % | 2.1 % |
ROA | 4.2 % | 3.9 % | 5.8 % | 4.2 % | 8.9 % |
ROE | 10.6 % | 10.8 % | 18.6 % | 8.6 % | 22.0 % |
ROI | 5.8 % | 3.9 % | 5.8 % | 6.0 % | 19.4 % |
Economic value added (EVA) | 2.07 | 2.14 | 4.80 | 2.09 | 5.50 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 29.5 % | 38.5 % |
Gearing | 92.3 % | 75.2 % | |||
Relative net indebtedness % | 19.6 % | 17.6 % | |||
Liquidity | |||||
Quick ratio | 1.1 | 1.3 | |||
Current ratio | 0.9 | 1.1 | |||
Cash and cash equivalents | 3.55 | 0.02 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 23.9 | 22.8 | |||
Net working capital % | -0.8 % | 1.0 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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