VOLVAX BALTIC OÜ
Activity history
Company management, team and contacts
VOLVAX BALTIC OÜ current status
This company's branding has already reached 1,873 peopleand his is followed by 18 Storybook users.On average, the company has been rated 5.0 points.but there is no comment.
's activity report 2022
In 2022, Volvax Baltic OÜ, the Volvo importer in Estonia, Latvia and Lithuania, operated in its main areas of activity, which were the sale of Volvo cars and spare parts and the administration of the Baltic dealer network.
No significant investments are planned for the reporting year or the near future. Nor are there any significant research and development projects and related expenditures known for the reporting year and the following years.
As the situation is uncertain and rapidly changing, the management does not consider it possible to give a quantitative assessment of the possible impact of the outbreak on the company's financial indicators for the next period when preparing the annual financial statements.
Main financial ratios for the financial year and the previous financial year: 2022 2021
Sales revenue 67 731 586 55 244 656
Sales revenue growth % 22.6% 24.4%
Solvency ratio (times) 1.0 1.0
Debt ratio (times) 1.0 1.0
Asset turnover (times) 24.4 16.8
Formulas used in calculating ratios:
Sales revenue growth (%) = (sales revenue 2022 - sales revenue 2021) / sales revenue 2021
Solvency ratio (short-term obligations coverage ratio) = current assets / short-term liabilities
Debt ratio = total liabilities / balance sheet total
Asset turnover = sales revenue / total assets
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