ETUDES GESTION TRANSIT : revenue, balance sheet and financial ratios

ETUDES GESTION TRANSIT is a French company founded 71 years ago, specialized in the sector Affrètement et organisation des transports . Based in PARIS (75017), this company of category PME shows in 2020 a revenue of 40.3 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 - ETUDES GESTION TRANSIT (SIREN 552140816)
Indicator 2020 2019 2018 2017
Revenue 40 343 864 € 46 988 486 € 39 255 713 € 68 824 682 €
Net income -2 146 972 € -1 988 664 € 2 226 113 € 1 026 034 €
EBITDA -1 512 485 € -1 629 139 € -3 488 844 € -4 459 504 €
Net margin -5.3% -4.2% 5.7% 1.5%

Revenue and income statement

In 2020, ETUDES GESTION TRANSIT achieves revenue of 40.3 M€. Revenue is declining over the period 2017-2020 (CAGR: -16.3%). Significant drop of -14% vs 2019. After deducting consumption (64 k€), gross margin stands at 40.3 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -1.5 M€, representing -3.7% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -2.1 M€ (-5.3% of revenue), which will impact equity.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

40 343 864 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

40 279 890 €

EBITDA (2020) ?
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

-1 512 485 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-1 779 523 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-2 146 972 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-3.7%

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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 266%. 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 7%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

265.728%

Financial autonomy (2020) ?
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

7.255%

Cash flow / Revenue (2020) ?
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

-2.185%

Repayment capacity (2020) ?
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

-7.688

Asset age ratio (2020) ?
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

18.6%

Solvency indicators evolution
ETUDES GESTION TRANSIT

Sector positioning

Debt ratio
265.73 2020
2018
2019
2020
Q1: 0.0
Med: 6.95
Q3: 68.93
Watch

In 2020, the debt ratio of ETUDES GESTION TRANSIT (265.73) 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
7.25% 2020
2018
2019
2020
Q1: 12.22%
Med: 26.48%
Q3: 44.97%
Average -12 pts over 3 years

In 2020, the financial autonomy of ETUDES GESTION TRANSIT (7.2%) 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
-7.69 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.01 years
Q3: 1.72 years
Excellent -50 pts over 3 years

In 2020, the repayment capacity of ETUDES GESTION TRANSIT (-7.69) 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 106.15. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2020) ?
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

106.154

Interest coverage (2020) ?
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

-112.699

Liquidity indicators evolution
ETUDES GESTION TRANSIT

Sector positioning

Liquidity ratio
106.15 2020
2018
2019
2020
Q1: 119.14
Med: 152.95
Q3: 216.63
Watch -8 pts over 3 years

In 2020, the liquidity ratio of ETUDES GESTION TRANSIT (106.15) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
-112.7x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.03x
Q3: 2.5x
Average

In 2020, the interest coverage of ETUDES GESTION TRANSIT (-112.7x) 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: 118 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 172 days. Excellent situation: suppliers finance 54 days of the operating cycle (retail model). Overall, WCR represents 175 days of revenue, i.e. 19.6 M€ to permanently finance. Over 2017-2020, WCR increased by +53%, requiring additional financing.

Operating WCR (2020) ?
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

19 590 980 €

Customer credit (2020) ?
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

118 j

Supplier credit (2020) ?
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

172 j

Inventory turnover (2020) ?
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

0 j

WCR in days of revenue (2020) ?
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

175 j

WCR and payment terms evolution
ETUDES GESTION TRANSIT

Positioning of ETUDES GESTION TRANSIT in its sector

Comparison with sector Affrètement et organisation des transports

Valuation estimate

Based on 167 transactions of similar company sales (all years), the value of ETUDES GESTION TRANSIT is estimated at 4 278 967 € (range 3 793 107€ - 7 509 653€). The price/revenue ratio is 0.11x (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 2020
167 transactions
3793k€ 4278k€ 7509k€
4 278 967 € Range: 3 793 107€ - 7 509 653€
NAF 5 all-time

Valuation method used

Revenue Multiple
40 343 864 € × 0.11x = 4 278 967 €
Range: 3 793 108€ - 7 509 654€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 167 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 (Affrètement et organisation des transports )

Compare ETUDES GESTION TRANSIT with other companies in the same sector:

Voir toutes les statistiques du secteur Affrètement et organisation des transports

Frequently asked questions about ETUDES GESTION TRANSIT

What is the revenue of ETUDES GESTION TRANSIT ?

The revenue of ETUDES GESTION TRANSIT in 2020 is 40.3 M€.

Is ETUDES GESTION TRANSIT profitable?

ETUDES GESTION TRANSIT recorded a net loss in 2020.

Where is the headquarters of ETUDES GESTION TRANSIT ?

The headquarters of ETUDES GESTION TRANSIT is located in PARIS (75017), in the department Paris.

Where to find the tax return of ETUDES GESTION TRANSIT ?

The tax return of ETUDES GESTION TRANSIT 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 ETUDES GESTION TRANSIT operate?

ETUDES GESTION TRANSIT operates in the sector Affrètement et organisation des transports (NAF code 52.29B). See the 'Sector positioning' section above to compare the company with its competitors.