AVIS LOCATION DE VOITURES : revenue, balance sheet and financial ratios

AVIS LOCATION DE VOITURES is a French company founded 126 years ago, specialized in the sector Location de courte durée de voitures et de véhicules automobiles légers. Based in COURBEVOIE (92400), this company of category ETI shows in 2024 a revenue of 340.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - AVIS LOCATION DE VOITURES (SIREN 652023961)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 339 961 203 € 346 769 793 € 311 388 779 € 195 553 887 € 152 971 581 € 317 457 562 € 311 174 160 € 301 668 412 € 311 218 256 €
Net income -33 186 139 € -5 806 534 € -7 514 839 € -18 049 190 € -41 397 042 € -4 967 784 € -36 760 352 € -19 652 189 € -22 240 496 €
EBITDA -47 929 712 € -17 241 408 € 25 521 372 € -2 543 613 € -42 204 234 € -6 337 986 € -22 499 542 € -5 241 070 € 440 098 €
Net margin -9.8% -1.7% -2.4% -9.2% -27.1% -1.6% -11.8% -6.5% -7.1%

Revenue and income statement

In 2024, AVIS LOCATION DE VOITURES achieves revenue of 340.0 M€. Revenue is growing positively over 9 years (CAGR: +1.1%). Slight decline of -2% vs 2023. After deducting consumption (13.1 M€), gross margin stands at 326.8 M€, i.e. a rate of 96%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -47.9 M€, representing -14.1% of revenue. Warning negative scissor effect: despite revenue change (-2%), EBITDA varies by -178%, reducing margin by 9.1 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -33.2 M€ (-9.8% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

339 961 203 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

326 833 039 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

-47 929 712 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-26 452 472 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-33 186 139 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-14.1%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at -354%. 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 -16%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-354.272%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

-16.11%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

-9.155%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

-3.661

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

25.1%

Solvency indicators evolution
AVIS LOCATION DE VOITURES

Sector positioning

Debt ratio
-354.27 2024
2022
2023
2024
Q1: 0.0
Med: 14.45
Q3: 116.73
Excellent

In 2024, the debt ratio of AVIS LOCATION DE VOITURES (-354.27) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
-16.11% 2024
2022
2023
2024
Q1: 0.15%
Med: 21.18%
Q3: 49.34%
Average

In 2024, the financial autonomy of AVIS LOCATION DE VOITURES (-16.1%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-3.66 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.01 years
Q3: 2.23 years
Excellent

In 2024, the repayment capacity of AVIS LOCATION DE VOITURES (-3.66) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 84.77. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

84.765

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

-13.321

Liquidity indicators evolution
AVIS LOCATION DE VOITURES

Sector positioning

Liquidity ratio
84.77 2024
2022
2023
2024
Q1: 75.35
Med: 177.21
Q3: 352.29
Average

In 2024, the liquidity ratio of AVIS LOCATION DE VOITURES (84.77) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
-13.32x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 6.61x
Average -51 pts over 3 years

In 2024, the interest coverage of AVIS LOCATION DE VOITURES (-13.3x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 41 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 80 days. Excellent situation: suppliers finance 39 days of the operating cycle (retail model). Inventory turnover is 4 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 78 days of revenue, i.e. 73.5 M€ to permanently finance. Over 2016-2024, WCR increased by +289%, requiring additional financing.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

73 513 211 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

41 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

80 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

4 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

78 j

WCR and payment terms evolution
AVIS LOCATION DE VOITURES

Positioning of AVIS LOCATION DE VOITURES in its sector

Comparison with sector Location de courte durée de voitures et de véhicules automobiles légers

Valuation estimate

Based on 276 transactions of similar company sales (all years), the value of AVIS LOCATION DE VOITURES is estimated at 793 344 294 € (range 185 224 812€ - 1 031 608 965€). The price/revenue ratio is 2.33x (premium valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.

Estimated enterprise value 2024
276 transactions
185224k€ 793344k€ 1031608k€
793 344 294 € Range: 185 224 812€ - 1 031 608 965€
NAF 5 all-time

Valuation method used

Revenue Multiple
339 961 203 € × 2.33x = 793 344 294 €
Range: 185 224 812€ - 1 031 608 966€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 276 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Location de courte durée de voitures et de véhicules automobiles légers)

Compare AVIS LOCATION DE VOITURES with other companies in the same sector:

Voir toutes les statistiques du secteur Location de courte durée de voitures et de véhicules automobiles légers

Frequently asked questions about AVIS LOCATION DE VOITURES

What is the revenue of AVIS LOCATION DE VOITURES ?

The revenue of AVIS LOCATION DE VOITURES in 2024 is 340.0 M€.

Is AVIS LOCATION DE VOITURES profitable?

AVIS LOCATION DE VOITURES recorded a net loss in 2024.

Where is the headquarters of AVIS LOCATION DE VOITURES ?

The headquarters of AVIS LOCATION DE VOITURES is located in COURBEVOIE (92400), in the department Hauts-de-Seine.

Where to find the tax return of AVIS LOCATION DE VOITURES ?

The tax return of AVIS LOCATION DE VOITURES is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does AVIS LOCATION DE VOITURES operate?

AVIS LOCATION DE VOITURES operates in the sector Location de courte durée de voitures et de véhicules automobiles légers (NAF code 77.11A). See the 'Sector positioning' section above to compare the company with its competitors.