VINK PLAST ApS
Credit rating
Company information
About VINK PLAST ApS
VINK PLAST ApS (CVR number: 12559976) is a company from RANDERS. The company reported a net sales of 441.6 mDKK in 2023, demonstrating a growth of 3.6 % compared to the previous year. The operating profit percentage was at 6.5 % (EBIT: 28.7 mDKK), while net earnings were 21.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 14.8 %, which can be considered good but Return on Equity (ROE) was 38.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 34.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. VINK PLAST ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 360.54 | 379.38 | 401.93 | 426.10 | 441.59 |
Gross profit | 106.65 | 113.62 | 130.54 | 136.28 | 137.98 |
EBIT | 29.38 | 35.65 | 44.61 | 45.34 | 28.67 |
Net earnings | 22.49 | 25.78 | 35.55 | 34.88 | 21.80 |
Shareholders equity total | 89.25 | 100.04 | 85.58 | 50.46 | 62.26 |
Balance sheet total (assets) | 167.31 | 195.25 | 179.73 | 214.71 | 182.83 |
Net debt | -20.16 | -49.40 | -15.96 | 45.26 | 18.22 |
Profitability | |||||
EBIT-% | 8.1 % | 9.4 % | 11.1 % | 10.6 % | 6.5 % |
ROA | 18.1 % | 19.8 % | 24.6 % | 23.4 % | 14.8 % |
ROE | 26.3 % | 27.2 % | 38.3 % | 51.3 % | 38.7 % |
ROI | 31.6 % | 32.4 % | 42.2 % | 41.0 % | 27.1 % |
Economic value added (EVA) | 19.95 | 24.09 | 32.66 | 32.01 | 20.60 |
Solvency | |||||
Equity ratio | 49.4 % | 48.0 % | 44.5 % | 23.5 % | 34.1 % |
Gearing | 1.9 % | 3.7 % | 3.9 % | 120.7 % | 50.0 % |
Relative net indebtedness % | 19.3 % | 14.6 % | 21.8 % | 34.9 % | 24.4 % |
Liquidity | |||||
Quick ratio | 1.6 | 1.6 | 1.3 | 0.6 | 0.7 |
Current ratio | 2.2 | 2.1 | 1.9 | 1.2 | 1.2 |
Cash and cash equivalents | 21.82 | 53.11 | 19.34 | 15.64 | 12.89 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 56.7 | 62.3 | 50.2 | 52.5 | 51.5 |
Net working capital % | 21.9 % | 23.5 % | 19.0 % | 5.9 % | 6.0 % |
Credit risk | |||||
Credit rating | AA | AA | A | A | A |
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