Credit rating
Company information
About VESTAS ASIA PACIFIC A/S
VESTAS ASIA PACIFIC A/S (CVR number: 21109304) is a company from AARHUS. The company reported a net sales of 1072.7 mDKK in 2023, demonstrating a decline of -52.8 % compared to the previous year. The operating profit percentage was poor at -3.4 % (EBIT: -36 mDKK), while net earnings were 144.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 18.9 %, which can be considered excellent and Return on Equity (ROE) was 20.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 58.4 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. VESTAS ASIA PACIFIC A/S's liquidity measured by quick ratio was 1.7 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 485.00 | 2 448.00 | 6 120.00 | 2 274.84 | 1 072.72 |
Gross profit | 14.00 | -22.00 | 73.00 | -16.65 | -34.89 |
EBIT | 14.00 | -22.00 | 73.00 | -21.46 | -36.03 |
Net earnings | 2.00 | 188.00 | -8.00 | -1.57 | 144.57 |
Shareholders equity total | 423.00 | 627.00 | 668.00 | 637.12 | 755.50 |
Balance sheet total (assets) | 1 555.00 | 2 889.00 | 1 954.00 | 1 542.89 | 1 386.99 |
Net debt | 4.59 | 162.00 | |||
Profitability | |||||
EBIT-% | 0.9 % | -0.9 % | 1.2 % | -0.9 % | -3.4 % |
ROA | 0.8 % | -1.0 % | 3.0 % | 5.0 % | 18.9 % |
ROE | 0.3 % | 35.8 % | -1.2 % | -0.2 % | 20.8 % |
ROI | 0.9 % | -1.0 % | 3.0 % | 6.7 % | 33.6 % |
Economic value added (EVA) | 42.96 | -43.26 | 41.49 | -48.81 | -38.37 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 45.9 % | 58.4 % |
Gearing | 0.9 % | 21.6 % | |||
Relative net indebtedness % | 38.1 % | 54.5 % | |||
Liquidity | |||||
Quick ratio | 1.2 | 1.7 | |||
Current ratio | 1.4 | 1.8 | |||
Cash and cash equivalents | 0.91 | 0.86 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 10.8 | 8.1 | |||
Net working capital % | 13.8 % | 41.7 % | |||
Credit risk | |||||
Credit rating | BBB | BB | BB | BB | BBB |
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