Dove Fitness ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Dove Fitness ApS
Dove Fitness ApS (CVR number: 40245545) is a company from EGEDAL. The company reported a net sales of 1.7 mDKK in 2023, demonstrating a growth of 13.3 % compared to the previous year. The operating profit percentage was at 5.6 % (EBIT: 0.1 mDKK), while net earnings were 73 kDKK. The profitability of the company measured by Return on Assets (ROA) was 32.8 %, which can be considered excellent and Return on Equity (ROE) was 41.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 63.2 %, 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. Dove Fitness ApS's liquidity measured by quick ratio was 2.7 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 406.59 | 1 272.13 | 1 430.52 | 1 520.46 | 1 722.62 |
Gross profit | 149.40 | 298.48 | 369.97 | 513.57 | 563.37 |
EBIT | 31.85 | 34.50 | 22.65 | 60.78 | 96.65 |
Net earnings | 23.43 | 21.73 | 12.38 | 43.44 | 73.01 |
Shareholders equity total | 23.44 | 85.17 | 94.88 | 138.32 | 211.34 |
Balance sheet total (assets) | 64.84 | 171.04 | 243.76 | 255.11 | 334.13 |
Net debt | 9.82 | -11.47 | -69.73 | -71.22 | -69.19 |
Profitability | |||||
EBIT-% | 7.8 % | 2.7 % | 1.6 % | 4.0 % | 5.6 % |
ROA | 49.1 % | 29.3 % | 10.9 % | 24.4 % | 32.8 % |
ROE | 100.0 % | 40.0 % | 13.8 % | 37.3 % | 41.8 % |
ROI | 75.5 % | 50.3 % | 23.8 % | 50.3 % | 53.8 % |
Economic value added (EVA) | 23.67 | 21.71 | 9.89 | 42.50 | 70.18 |
Solvency | |||||
Equity ratio | 36.1 % | 49.8 % | 38.9 % | 54.2 % | 63.2 % |
Gearing | 80.0 % | 11.8 % | 6.2 % | 0.6 % | |
Relative net indebtedness % | 8.0 % | 5.1 % | 5.5 % | 2.4 % | 3.0 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.1 | 1.3 | 2.0 | 2.7 |
Current ratio | 1.0 | 1.1 | 1.3 | 2.0 | 2.7 |
Cash and cash equivalents | 8.94 | 21.55 | 69.73 | 79.82 | 70.55 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 30.0 | 19.6 | 25.6 | 23.6 | 23.6 |
Net working capital % | 0.2 % | 0.7 % | 3.5 % | 7.3 % | 12.3 % |
Credit risk | |||||
Credit rating | B | BB | BB | BB | BB |
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