ETS ROLOT ET LEMASSON : revenue, balance sheet and financial ratios

ETS ROLOT ET LEMASSON is a French company founded 71 years ago, specialized in the sector Fabrication d’articles de joaillerie et bijouterie. Based in BEAUNE (21200), this company of category ETI shows in 2023 a revenue of 34.2 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

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

Financial history - ETS ROLOT ET LEMASSON (SIREN 515520526)
Indicator 2023 2022 2021 2020 2019 2017 2016
Revenue 34 246 210 € 29 653 401 € 22 440 117 € 12 846 896 € 13 866 309 € 9 940 771 € 8 083 960 €
Net income 1 819 138 € 1 561 369 € 1 776 102 € 702 972 € 1 872 878 € 969 405 € 1 335 832 €
EBITDA 5 769 163 € 3 834 676 € 3 267 977 € 2 078 203 € 1 715 541 € 355 086 € 85 155 €
Net margin 5.3% 5.3% 7.9% 5.5% 13.5% 9.8% 16.5%

Revenue and income statement

In 2023, ETS ROLOT ET LEMASSON achieves revenue of 34.2 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +22.9%. Vs 2022, growth of +15% (29.7 M€ -> 34.2 M€). After deducting consumption (10.0 M€), gross margin stands at 24.3 M€, i.e. a rate of 71%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5.8 M€, representing 16.8% of revenue. Positive scissor effect: EBITDA margin improves by +3.9 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.8 M€, i.e. 5.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

34 246 210 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

24 287 893 €

EBITDA (2023) ?
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

5 769 163 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

4 995 184 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 819 138 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

16.8%

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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 138%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 6.6 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 12.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

138.134%

Financial autonomy (2023) ?
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

36.45%

Cash flow / Revenue (2023) ?
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

11.97%

Repayment capacity (2023) ?
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

6.624

Asset age ratio (2023) ?
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

33.0%

Solvency indicators evolution
ETS ROLOT ET LEMASSON

Sector positioning

Debt ratio
138.13 2023
2021
2022
2023
Q1: 0.2
Med: 14.18
Q3: 65.14
Watch

In 2023, the debt ratio of ETS ROLOT ET LEMASSON (138.13) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
36.45% 2023
2021
2022
2023
Q1: 11.87%
Med: 45.83%
Q3: 67.67%
Average

In 2023, the financial autonomy of ETS ROLOT ET LEMASSON (36.5%) 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
6.62 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.11 years
Q3: 1.74 years
Watch

In 2023, the repayment capacity of ETS ROLOT ET LEMASSON (6.62) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 596.86. 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 19.6x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
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

596.855

Interest coverage (2023) ?
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

19.589

Liquidity indicators evolution
ETS ROLOT ET LEMASSON

Sector positioning

Liquidity ratio
596.86 2023
2021
2022
2023
Q1: 189.08
Med: 309.57
Q3: 560.99
Excellent

In 2023, the liquidity ratio of ETS ROLOT ET LEMASSON (596.86) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
19.59x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.14x
Q3: 2.25x
Excellent

In 2023, the interest coverage of ETS ROLOT ET LEMASSON (19.6x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 39 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 53 days. Favorable situation: supplier credit is longer than customer credit by 14 days. Inventory turnover is 262 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 343 days of revenue, i.e. 32.6 M€ to permanently finance. Over 2016-2023, WCR increased by +99%, requiring additional financing.

Operating WCR (2023) ?
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

32 607 186 €

Customer credit (2023) ?
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

39 j

Supplier credit (2023) ?
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

53 j

Inventory turnover (2023) ?
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

262 j

WCR in days of revenue (2023) ?
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

343 j

WCR and payment terms evolution
ETS ROLOT ET LEMASSON

Positioning of ETS ROLOT ET LEMASSON in its sector

Comparison with sector Fabrication d’articles de joaillerie et bijouterie

Valuation estimate

Based on 101 transactions of similar company sales (all years), the value of ETS ROLOT ET LEMASSON is estimated at 10 757 932 € (range 3 472 624€ - 19 994 837€). With an EBITDA of 5 769 163€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.24x (conservative 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 2023
101 transactions
3472k€ 10757k€ 19994k€
10 757 932 € Range: 3 472 624€ - 19 994 837€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
5 769 163 € × 2.5x
Estimation 14 649 982 €
4 061 752€ - 27 092 526€
Revenue Multiple 30%
34 246 210 € × 0.24x
Estimation 8 064 175 €
3 865 412€ - 14 591 110€
Net Income Multiple 20%
1 819 138 € × 2.8x
Estimation 5 068 443 €
1 410 624€ - 10 356 210€
How is this estimate calculated?

This estimate is based on the analysis of 101 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 (Fabrication d’articles de joaillerie et bijouterie)

Compare ETS ROLOT ET LEMASSON with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d’articles de joaillerie et bijouterie

Frequently asked questions about ETS ROLOT ET LEMASSON

What is the revenue of ETS ROLOT ET LEMASSON ?

The revenue of ETS ROLOT ET LEMASSON in 2023 is 34.2 M€.

Is ETS ROLOT ET LEMASSON profitable?

Yes, ETS ROLOT ET LEMASSON generated a net profit of 1.8 M€ in 2023.

Where is the headquarters of ETS ROLOT ET LEMASSON ?

The headquarters of ETS ROLOT ET LEMASSON is located in BEAUNE (21200), in the department Cote-d'Or.

Where to find the tax return of ETS ROLOT ET LEMASSON ?

The tax return of ETS ROLOT ET LEMASSON 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 ETS ROLOT ET LEMASSON operate?

ETS ROLOT ET LEMASSON operates in the sector Fabrication d’articles de joaillerie et bijouterie (NAF code 32.12Z). See the 'Sector positioning' section above to compare the company with its competitors.