GLAXO WELLCOME PRODUCTION : revenue, balance sheet and financial ratios

GLAXO WELLCOME PRODUCTION is a French company founded 29 years ago, specialized in the sector Fabrication de préparations pharmaceutiques. Based in RUEIL-MALMAISON (92500), this company of category GE shows in 2024 a revenue of 216.3 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 - GLAXO WELLCOME PRODUCTION (SIREN 410352777)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 216 339 818 € 223 642 302 € 195 042 426 € 191 378 139 € 205 766 658 € 194 272 290 € 192 705 831 € 194 065 909 € 187 251 348 €
Net income 29 696 761 € 21 239 076 € 34 280 937 € 16 320 029 € -79 920 491 € 17 957 838 € 13 257 262 € 8 328 791 € 10 255 820 €
EBITDA 36 461 595 € 34 646 492 € 32 609 213 € 39 247 023 € 39 313 246 € 37 354 914 € 31 121 141 € 33 145 522 € 26 386 715 €
Net margin 13.7% 9.5% 17.6% 8.5% -38.8% 9.2% 6.9% 4.3% 5.5%

Revenue and income statement

In 2024, GLAXO WELLCOME PRODUCTION achieves revenue of 216.3 M€. Revenue is growing positively over 9 years (CAGR: +1.8%). Slight decline of -3% vs 2023. After deducting consumption (-6.4 M€), gross margin stands at 222.7 M€, i.e. a rate of 103%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 36.5 M€, representing 16.9% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 29.7 M€, i.e. 13.7% of revenue. This profit can be retained or distributed to shareholders.

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

216 339 818 €

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

222 701 239 €

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

36 461 595 €

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

23 981 781 €

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

29 696 761 €

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

16.7%

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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 0%. 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 50%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

0.071%

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

50.238%

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

7.39%

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

0.009

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

43.0%

Solvency indicators evolution
GLAXO WELLCOME PRODUCTION

Sector positioning

Debt ratio
0.07 2024
2022
2023
2024
Q1: 0.0
Med: 5.92
Q3: 43.75
Good

In 2024, the debt ratio of GLAXO WELLCOME PRODUCTION (0.07) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
50.24% 2024
2022
2023
2024
Q1: 28.05%
Med: 51.52%
Q3: 72.2%
Average

In 2024, the financial autonomy of GLAXO WELLCOME PRODUCTION (50.2%) 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
0.01 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.01 years
Q3: 1.74 years
Good +16 pts over 3 years

In 2024, the repayment capacity of GLAXO WELLCOME PRODUCTION (0.01) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 34.47. 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 15.1x. Operating income very largely covers interest expenses: high safety margin.

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

34.474

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

15.092

Liquidity indicators evolution
GLAXO WELLCOME PRODUCTION

Sector positioning

Liquidity ratio
34.47 2024
2022
2023
2024
Q1: 120.09
Med: 209.86
Q3: 363.93
Watch -7 pts over 3 years

In 2024, the liquidity ratio of GLAXO WELLCOME PRODUCTION (34.47) 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
15.09x 2024
2022
2023
2024
Q1: 0.0x
Med: 1.78x
Q3: 10.15x
Excellent +22 pts over 3 years

In 2024, the interest coverage of GLAXO WELLCOME PRODUCTION (15.1x) 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: 28 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 206 days. Excellent situation: suppliers finance 178 days of the operating cycle (retail model). Inventory turnover is 10 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-199 days): operations structurally generate cash. Notable WCR improvement over the period (-481%), freeing up cash.

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

-119 627 266 €

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

28 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

206 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

10 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

-199 j

WCR and payment terms evolution
GLAXO WELLCOME PRODUCTION

Positioning of GLAXO WELLCOME PRODUCTION in its sector

Comparison with sector Fabrication de préparations pharmaceutiques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (27 transactions). This range of 5 925 075€ to 18 211 366€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
5925k€ 13377k€ 18211k€
13 377 099 € Range: 5 925 075€ - 18 211 366€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 27 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 de préparations pharmaceutiques)

Compare GLAXO WELLCOME PRODUCTION with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de préparations pharmaceutiques

Frequently asked questions about GLAXO WELLCOME PRODUCTION

What is the revenue of GLAXO WELLCOME PRODUCTION ?

The revenue of GLAXO WELLCOME PRODUCTION in 2024 is 216.3 M€.

Is GLAXO WELLCOME PRODUCTION profitable?

Yes, GLAXO WELLCOME PRODUCTION generated a net profit of 29.7 M€ in 2024.

Where is the headquarters of GLAXO WELLCOME PRODUCTION ?

The headquarters of GLAXO WELLCOME PRODUCTION is located in RUEIL-MALMAISON (92500), in the department Hauts-de-Seine.

Where to find the tax return of GLAXO WELLCOME PRODUCTION ?

The tax return of GLAXO WELLCOME PRODUCTION 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 GLAXO WELLCOME PRODUCTION operate?

GLAXO WELLCOME PRODUCTION operates in the sector Fabrication de préparations pharmaceutiques (NAF code 21.20Z). See the 'Sector positioning' section above to compare the company with its competitors.