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's activity report 2022

Puimek OÜ is a company that was established on July 2, 2021, and is engaged in construction-related work. The management of the company decided to continue its operations in 2023. This decision was made after careful consideration of the company's performance and the potential for growth in the construction industry.

In the last fiscal year, the company achieved a sales revenue of 88,907 euros. This is a significant achievement for a company that is relatively new in the industry. The company's operating and other business expenses amounted to 48,326 euros. These expenses include the cost of goods sold, operating expenses, and other miscellaneous business expenses. The labor costs for the company stood at 28,381 euros. This cost includes salaries, wages, and other benefits provided to the employees. The depreciation of fixed assets amounted to 2,267 euros. This is the amount by which the company's fixed assets have decreased in value due to wear and tear and obsolescence.

The fiscal year ended with a profit of 9,082 euros. This is a positive sign for the company as it indicates that the company is not only able to cover its expenses but also generate a profit.

In 2022, the company's financial ratios were as follows:- The short-term debt coverage ratio was 1.62. This ratio indicates the company's ability to cover its short-term liabilities with its current assets.- The quick liquidity ratio was 1.35. This ratio measures the company's ability to meet its short-term obligations with its most liquid assets.- The liquidity ratio was 1.62. This ratio measures the company's ability to pay off its short-term liabilities without relying on the sale of inventory.- The debt ratio was 56.35%. This ratio indicates the proportion of the company's assets that are financed by debt.- The equity ratio was 43.65%. This ratio indicates the proportion of the company's assets that are financed by shareholders' equity.

The formulas used to calculate these ratios are as follows:- Short-term debt coverage ratio = Current assets / Short-term liabilities- Quick liquidity ratio = Cash / Short-term liabilities- Liquidity ratio = (Current assets - Inventory) / Short-term liabilities- Debt ratio = Liabilities / Total liabilities and equity * 100- Equity ratio = Equity / Total liabilities and equity * 100These ratios provide a snapshot of the company's financial health and its ability to meet its financial obligations. They are crucial tools for investors and creditors to assess the company's financial stability and growth potential.