Turnpikes ApS — Credit Rating and Financial Key Figures

CVR number: 37226041
Østre Alle 6, 9530 Støvring
info@turnpikes.dk
tel: 29368608
www.turnpikes.dk

Credit rating

Company information

Official name
Turnpikes ApS
Personnel
10 persons
Established
2015
Company form
Private limited company
Industry

About Turnpikes ApS

Turnpikes ApS (CVR number: 37226041) is a company from REBILD. The company recorded a gross profit of 15.2 mDKK in 2024. The operating profit was 2182.2 kDKK, while net earnings were 1748.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.2 %, which can be considered excellent and Return on Equity (ROE) was 24.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 76.1 %, 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. Turnpikes ApS's liquidity measured by quick ratio was 4.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit7 252.1910 702.1813 790.5112 480.5815 171.48
EBIT1 355.174 061.195 590.051 697.772 182.23
Net earnings980.303 127.094 247.371 287.281 748.61
Shareholders equity total4 080.365 707.457 429.506 219.868 284.79
Balance sheet total (assets)5 599.396 970.9510 439.2210 218.8110 883.84
Net debt-3 271.39-3 883.04-4 927.87-2 253.78-2 541.03
Profitability
EBIT-%
ROA28.1 %64.6 %64.3 %17.4 %24.2 %
ROE27.3 %63.9 %64.7 %18.9 %24.1 %
ROI35.8 %80.6 %84.9 %26.2 %35.1 %
Economic value added (EVA)846.502 966.884 068.77935.261 395.18
Solvency
Equity ratio72.9 %81.9 %71.2 %60.9 %76.1 %
Gearing0.2 %0.2 %0.3 %0.6 %0.0 %
Relative net indebtedness %
Liquidity
Quick ratio4.45.53.42.54.2
Current ratio4.45.53.42.54.2
Cash and cash equivalents3 280.753 892.524 947.232 290.032 543.07
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBABBB

Variable visualization

ROA:24.2%
Rating: 80/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:76.1%
Rating: 57/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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