LES EDITIONS ROTATIVE : revenue, balance sheet and financial ratios

In 2024, LES EDITIONS ROTATIVE achieves revenue of 8.2 M€. Revenue is declining over the period 2016-2024 (CAGR: -10.3%). Vs 2023: +0%. After deducting consumption (369 k€), gross margin stands at 7.8 M€, i.e. a rate of 95%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 101 k€, representing 1.2% of revenue. Warning negative scissor effect: despite revenue change (+0%), EBITDA varies by -62%, reducing margin by 2.0 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 204 k€, i.e. 2.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 21%. 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 75%. 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 4.0 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 11.8% 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 1453.30. 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 451.9x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 36 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 44 days. Favorable situation: supplier credit is longer than customer credit by 8 days. Inventory turnover is 76 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 16 days of revenue, i.e. 357 k€ to permanently finance. Over 2016-2024, WCR increased by +132%, requiring additional financing.

Based on 104 transactions of similar company sales (all years), the value of LES EDITIONS ROTATIVE is estimated at 835 645 € (range 368 322€ - 1 701 087€). With an EBITDA of 100 906€, the sector multiple of 1.1x 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.