AGROVICE ApS
Credit rating
Company information
About AGROVICE ApS
AGROVICE ApS (CVR number: 36454865) is a company from AARHUS. The company reported a net sales of 1.7 mDKK in 2023, demonstrating a growth of 28.7 % compared to the previous year. The operating profit percentage was at 43.7 % (EBIT: 0.7 mDKK), while net earnings were 715.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 59.2 %, which can be considered excellent and Return on Equity (ROE) was 79.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 52 %, 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. AGROVICE ApS'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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 175.27 | 1 275.91 | 1 058.21 | 1 321.77 | 1 700.88 |
Gross profit | 880.48 | 875.64 | 897.90 | 1 131.87 | 1 290.93 |
EBIT | 108.44 | 130.57 | 126.73 | 538.08 | 744.11 |
Net earnings | 220.98 | 280.87 | 357.43 | 587.62 | 715.49 |
Shareholders equity total | 525.45 | 806.32 | 407.43 | 995.05 | 810.54 |
Balance sheet total (assets) | 1 002.28 | 1 896.91 | 1 150.87 | 1 410.74 | 1 557.94 |
Net debt | 364.25 | 45.83 | -14.88 | - 247.30 | 60.26 |
Profitability | |||||
EBIT-% | 9.2 % | 10.2 % | 12.0 % | 40.7 % | 43.7 % |
ROA | 26.6 % | 21.4 % | 24.8 % | 55.8 % | 59.2 % |
ROE | 53.3 % | 42.2 % | 58.9 % | 83.8 % | 79.3 % |
ROI | 28.1 % | 33.2 % | 56.0 % | 99.9 % | 93.3 % |
Economic value added (EVA) | 88.35 | 100.20 | 90.13 | 436.71 | 584.13 |
Solvency | |||||
Equity ratio | 52.4 % | 42.5 % | 35.4 % | 70.5 % | 52.0 % |
Gearing | 70.3 % | 8.0 % | 0.2 % | 8.7 % | |
Relative net indebtedness % | 35.4 % | 80.3 % | 66.7 % | 12.4 % | 43.1 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.4 | 1.0 | 2.6 | 1.7 |
Current ratio | 1.9 | 1.6 | 1.2 | 2.6 | 1.7 |
Cash and cash equivalents | 5.01 | 18.61 | 15.62 | 247.30 | 10.31 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 37.1 | 36.4 | 32.0 | 81.4 | 34.9 |
Net working capital % | 33.0 % | 49.5 % | 12.4 % | 49.7 % | 30.5 % |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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