ULYSSES TRADING OÜ hetkeolukord
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's activity report 2022
Ulysses Trading LLC was established in September 2020, but due to the Covid-19 pandemic, active operations only began at the end of 2021. The company's main activity is to provide sea transport for industrially produced mineral aggregate. This versatile material is used in the construction of both parking lots and road bases, making it an environmentally friendly recycling option. In 2022, the company developed rapidly and achieved profitability. The main focus was on fulfilling existing contracts.
An open economy is strongly linked to changes in the international economic environment, so military operations and high fuel prices, which generally increase costs on the world market, also affect the prices of Ulysses Trading LLC's services and the organization of activities.
The company constantly monitors market developments, adjusting its service offering accordingly. Although the company's business is not seasonal, it may depend on the cyclical nature of economic activity. The company's main settlements are in euros, so there are no significant risks associated with exchange rate changes during the financial year.
In 2023, Ulysses Trading LLC will continue to focus on serving existing partners, striving to extend existing contracts and find new clients and partners.
Main ratios:
Ratio Calculation methodology 2022 2021
Short-term debt coverage ratio Current assets / short-term liabilities 11.67 152.40
Return on Assets (ROA) Net profit / assets * 100 89.2% 72.9%
Return on Equity (ROE) Net profit / equity * 100 97.6% 73.4%
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