ASKOV BRUGSFORENING — Credit Rating and Financial Key Figures

CVR number: 38113313
Torvet 1, Askov 6600 Vejen

Company information

Official name
ASKOV BRUGSFORENING
Personnel
17 persons
Established
1901
Domicile
Askov
Industry

About ASKOV BRUGSFORENING

ASKOV BRUGSFORENING (CVR number: 38113313) is a company from VEJEN. The company reported a net sales of 22.6 mDKK in 2023, demonstrating a decline of -12.1 % compared to the previous year. The operating profit percentage was at 0.1 % (EBIT: 0 mDKK), while net earnings were 232.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak and Return on Equity (ROE) was 3.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 79.6 %, 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. ASKOV BRUGSFORENING's liquidity measured by quick ratio was 0.7 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales21 508.0021 308.0023 622.0025 682.7422 569.49
Gross profit3 238.003 381.003 504.003 170.653 304.28
EBIT361.00331.00444.00-80.5030.50
Net earnings334.00381.00525.00112.20232.14
Shareholders equity total5 698.006 081.006 605.006 729.236 965.37
Balance sheet total (assets)6 678.007 362.007 727.008 030.698 752.74
Net debt- 218.17- 225.53
Profitability
EBIT-%1.7 %1.6 %1.9 %-0.3 %0.1 %
ROA5.0 %4.7 %5.9 %1.8 %3.6 %
ROE6.0 %6.5 %8.3 %1.7 %3.4 %
ROI5.4 %4.7 %5.9 %1.9 %4.2 %
Economic value added (EVA)101.0844.68138.43- 399.48- 298.96
Solvency
Equity ratio100.0 %100.0 %100.0 %83.8 %79.6 %
Gearing
Relative net indebtedness %2.9 %5.5 %
Liquidity
Quick ratio2.60.7
Current ratio4.41.9
Cash and cash equivalents218.17225.53
Capital use efficiency
Trade debtors turnover (days)1.41.1
Net working capital %12.2 %4.9 %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:3.59%
Rating: 38/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:79.6%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member

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