KITO CROSBY FRANCE : revenue, balance sheet and financial ratios

In 2024, KITO CROSBY FRANCE achieves revenue of 2.1 M€. Activity remains stable over the period (CAGR: -4.3%). Significant drop of -22% vs 2023. After deducting consumption (1.3 M€), gross margin stands at 744 k€, i.e. a rate of 36%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -229 k€, representing -11.1% of revenue. Warning negative scissor effect: despite revenue change (-22%), EBITDA varies by -591%, reducing margin by 12.8 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.4 M€, i.e. 116.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 79%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 52%. 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 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 119.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 944.60. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 47 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 28 days. The company must finance 19 days of gap between collections and payments. Inventory turnover is 140 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 149 days of revenue, i.e. 856 k€ to permanently finance. Notable WCR improvement over the period (-56%), freeing up cash.

Indicative estimate only : the number of comparable transactions in this sector is limited (32 transactions). This range of 830 673€ to 5 163 243€ is provided for information purposes only and requires in-depth analysis to be confirmed.