TDR SYSTEMS OÜ hetkeolukord
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's activity report 2022
In the year 2021, TDR Systems had a diverse clientele from various North European companies. Their primary area of operation was the manufacturing of electrical systems and mechanical assemblies. This was a year of significant activity for the company, as they navigated the challenges and opportunities presented by the market dynamics.
The year was marked by a surge in energy prices, which led to an increase in the cost of raw materials. This, in turn, resulted in a rise in the prices of materials. The situation was further complicated by ongoing issues with the availability of materials. These challenges tested the resilience and adaptability of TDR Systems, as they had to find ways to maintain their operations and meet their clients' needs amidst these market fluctuations.
Despite these challenges, the company did not make any significant investments during the year. However, they have plans to invest in an automatic warehouse system in 2023. This investment is expected to enhance their operational efficiency and capacity, enabling them to better serve their clients and compete effectively in the market.
The main goal for 2023 is to continue and improve cooperation with existing clients. TDR Systems is committed to building strong and lasting relationships with their clients, and they see this as a key strategy for their growth and success. In addition to nurturing their existing relationships, they will also actively work on finding new clients. This dual strategy of client retention and acquisition is expected to drive their growth in the coming years.
The company's key financial ratios for the years 2022 and 2021 are presented in the following table:| Ratio | 2022 | 2021 || --- | --- | --- || Sales Revenue (in euros) | 1,650,533 | 1,254,047 || Net Profit/ Loss (in euros) | -16,200 | 54,985 || Net Profitability (%) | -0.98% | 4.38% || Total Asset Return ROA (%) | -2.94% | 8.41% || Equity Return ROE (%) | -8.39% | 26.29% || Short-term Obligations Coverage Ratio | 2.27 | 2.06 |The formulas used to calculate these ratios are as follows:- Net Profitability (%) = Net Profit/ Sales Revenue * 100- ROA (%) = Net Profit/ Total Assets * 100- ROE (%) = Net Profit/ Total Equity * 100- Short-term Obligations Coverage Ratio = Current Assets/ Short-term ObligationsThese ratios provide a snapshot of the company's financial performance and position in the respective years. They are useful tools for assessing the company's profitability, efficiency, and financial stability, and can provide valuable insights for decision-making.
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