GENERAL LOGISTICS SYSTEMS DENMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About GENERAL LOGISTICS SYSTEMS DENMARK A/S
GENERAL LOGISTICS SYSTEMS DENMARK A/S (CVR number: 10549744) is a company from KOLDING. The company reported a net sales of 345.2 mEUR in 2023, demonstrating a growth of 1.6 % compared to the previous year. The operating profit percentage was at 12.9 % (EBIT: 44.4 mEUR), while net earnings were 38.2 mEUR. The profitability of the company measured by Return on Assets (ROA) was 34.9 %, which can be considered excellent and Return on Equity (ROE) was 39.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 72.3 %, 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. GENERAL LOGISTICS SYSTEMS DENMARK A/S's liquidity measured by quick ratio was 1.6 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 (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 239.63 | 313.97 | 323.26 | 339.63 | 345.23 |
Gross profit | 75.58 | 99.71 | 98.09 | 103.82 | 113.19 |
EBIT | 26.25 | 39.61 | 36.58 | 40.39 | 44.43 |
Net earnings | 20.75 | 32.24 | 31.44 | 34.04 | 38.19 |
Shareholders equity total | 68.41 | 83.91 | 93.30 | 92.20 | 102.80 |
Balance sheet total (assets) | 95.29 | 119.14 | 125.79 | 135.84 | 142.10 |
Net debt | -17.87 | -16.58 | -10.36 | ||
Profitability | |||||
EBIT-% | 11.0 % | 12.6 % | 11.3 % | 11.9 % | 12.9 % |
ROA | 29.1 % | 36.9 % | 32.5 % | 33.0 % | 34.9 % |
ROE | 33.7 % | 42.3 % | 35.5 % | 36.7 % | 39.2 % |
ROI | 29.1 % | 36.9 % | 36.5 % | 43.5 % | 46.6 % |
Economic value added (EVA) | 15.89 | 24.68 | 24.25 | 28.87 | 31.36 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 74.2 % | 67.9 % | 72.3 % |
Gearing | 3.4 % | 5.0 % | 3.1 % | ||
Relative net indebtedness % | 2.7 % | 5.8 % | 6.6 % | ||
Liquidity | |||||
Quick ratio | 2.0 | 1.6 | 1.6 | ||
Current ratio | 2.0 | 1.6 | 1.6 | ||
Cash and cash equivalents | 21.04 | 21.16 | 13.55 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 37.7 | 41.3 | 40.9 | ||
Net working capital % | 8.9 % | 6.9 % | 5.9 % | ||
Credit risk | |||||
Credit rating | A | BBB | A | AA | A |
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