Already 14,508 people have seen this company's branding and they are being followed by 165 Storybook user.In average the company has been rated 4.6 points ja kommenteeritud 300 korda.

ELKE MUSTAMÄE AS's activity report 2022

Introduction

Elke Mustamäe AS was established in November 1990 as a car maintenance and repair company. Elke Mustamäe AS became a Toyota dealer in September 1993.

The main activities are the sale of Toyota passenger cars, after-sales service, sale of used cars, sale of spare parts and accessories. Elke Mustamäe AS is a company belonging to the ELKE Group.

The companies belonging to the group manage a total of ten Toyota or Lexus dealerships in Estonia and Lithuania.

In 2022, car sales in Estonia decreased by 8% compared to 2021. Elke Mustamäe

AS new car sales increased by 6 cars in 2022.

Revenues, expenses, profit

The total sales revenue of Elke Mustamäe AS in 2022 was 49.5 million euros. Compared to 2021, sales revenue increased by 12%. In line with the growth in sales revenue, the cost of goods and services purchased also increased by 12%.

The net profit for 2022 was 1.23 million euros, which is 10% less than the previous year.

Main financial ratios

The following ratios characterize the economic activity of Elke Mustamäe AS: 2022 2021

Sales revenue change 11.99% 18.33%

Profit change -9.83% 46.64%

Net profitability 2.49% 3.10%

Return on assets (ROA) 23.04% 22.90%

Return on equity (ROE) 24.94% 26.08%

Short-term obligations coverage ratio 2.76 3.56

The following formulas have been used to calculate the ratios:

Sales revenue growth (%) = (sales revenue 2022- sales revenue 2021) / sales revenue 2021 * 100

Profit growth (%) = (net profit 2022 - net profit 2021) / net profit 2021 * 100

Net profitability (%) = net profit / sales revenue * 100

Return on assets (ROA, %) = (net profit + taxes + interest expenses) / total assets (12 month average) * 100

Return on equity (ROE, %) = net profit / average equity (12 month average) * 100

Short-term obligations coverage ratio (times) = current assets (12 month average) / short-term liabilities (12 month average)