AK TOULOUSE : revenue, balance sheet and financial ratios

In 2024, AK TOULOUSE achieves revenue of 964 k€. Over the period 2015-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +9.7%. Vs 2023: +1%. After deducting consumption (733 k€), gross margin stands at 231 k€, i.e. a rate of 24%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 33 k€, representing 3.4% of revenue. Warning negative scissor effect: despite revenue change (+1%), EBITDA varies by -67%, reducing margin by 7.1 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -30 k€ (-3.1% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 548%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 13%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 25.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 3.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 56.05. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 43.1x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 80 days. Excellent situation: suppliers finance 80 days of the operating cycle (retail model). Inventory turnover is 16 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 17 days of revenue, i.e. 44 k€ to permanently finance. Notable WCR improvement over the period (-37%), freeing up cash.

Indicative estimate only : the number of comparable transactions in this sector is limited (38 transactions). This range of 154 560€ to 333 794€ is provided for information purposes only and requires in-depth analysis to be confirmed.