SOCIETE D'EXPLOITATION ELECTRO-DIESEL : revenue, balance sheet and financial ratios

In 2024, SOCIETE D'EXPLOITATION ELECTRO-DIESEL achieves revenue of 2.6 M€. Revenue is growing positively over 9 years (CAGR: +0.4%). Slight decline of -5% vs 2023. After deducting consumption (1.3 M€), gross margin stands at 1.3 M€, i.e. a rate of 50%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -648 k€, representing -24.5% of revenue. Warning negative scissor effect: despite revenue change (-5%), EBITDA varies by -71%, reducing margin by 10.9 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -1.0 M€ (-38.1% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -106%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches -150%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

The liquidity ratio (= Current assets / Current liabilities) stands at 57.38. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 129 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 605 days. Excellent situation: suppliers finance 476 days of the operating cycle (retail model). Inventory turnover is 140 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 275 days of revenue, i.e. 2.0 M€ to permanently finance. Notable WCR improvement over the period (-21%), freeing up cash.