MM 2020 ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MM 2020 ApS
MM 2020 ApS (CVR number: 40793704) is a company from ODENSE. The company reported a net sales of 1.7 mDKK in 2021, demonstrating a growth of 39.2 % compared to the previous year. The operating profit percentage was at 26.4 % (EBIT: 0.4 mDKK), while net earnings were 342.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 62.6 %, which can be considered excellent and Return on Equity (ROE) was 85 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 66.4 %, 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. MM 2020 ApS'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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | |
|---|---|---|
| Volume | ||
| Net sales | 1 207.28 | 1 680.92 |
| Gross profit | 651.16 | 985.22 |
| EBIT | 246.06 | 443.82 |
| Net earnings | 191.93 | 342.89 |
| Shareholders equity total | 231.93 | 574.82 |
| Balance sheet total (assets) | 553.13 | 865.53 |
| Net debt | - 165.70 | - 280.50 |
| Profitability | ||
| EBIT-% | 20.4 % | 26.4 % |
| ROA | 44.5 % | 62.6 % |
| ROE | 82.8 % | 85.0 % |
| ROI | 106.1 % | 110.0 % |
| Economic value added (EVA) | 191.93 | 342.85 |
| Solvency | ||
| Equity ratio | 41.9 % | 66.4 % |
| Gearing | ||
| Relative net indebtedness % | 12.9 % | 0.6 % |
| Liquidity | ||
| Quick ratio | 0.9 | 1.3 |
| Current ratio | 1.5 | 2.4 |
| Cash and cash equivalents | 165.70 | 280.50 |
| Capital use efficiency | ||
| Trade debtors turnover (days) | 38.3 | |
| Net working capital % | 13.0 % | 23.8 % |
| Credit risk | ||
| Credit rating | B | BB |
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