Employees: NN (None)Legal category: Société à responsabilité limitée (sans autre indication)Size: PMECreation date: 2001-08-01 (24 years)Status: ActiveBusiness sector: Commerce de voitures et de véhicules automobiles légersLocation: CHARNAY (25440), Doubs
Les données financières de cette entreprise sont partiellement disponibles (liasse simplifiée ou données confidentielles). Certaines sections ne sont pas affichées.
MJ TECHNIC : revenue, balance sheet and financial ratios
MJ TECHNIC is a French company
founded 24 years ago,
specialized in the sector Commerce de voitures et de véhicules automobiles légers.
Based in CHARNAY (25440),
this company of category PME
has financial data available below.
Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
In 2021, MJ TECHNIC records a net loss of 0 €. This deficit will reduce equity on the balance sheet.
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Income statement
Item
Amount
% Revenue
Change
The detailed income statement is not available for this company (simplified accounts or confidential data).
Chart evolution
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Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Assets
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Item
Gross
Deprec.
Net
%
Change
Assets balance sheet data not available for this company
Liabilities
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Year
%
Change
Liabilities balance sheet data not available for this company
Solvency and debt ratios
The debt ratio (= Financial debt / Equity x 100) stands at 72%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 24%. The balance between equity and debt is satisfactory.
Debt ratio (2021)
?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low 50-100% : Moderate > 100% : High
71.805%
Financial autonomy (2021)
?
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
24.374%
Asset age ratio (2021)
?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2016
2017
2018
2020
2021
Debt ratio
-149.761
373.788
116.185
80.383
71.805
Financial autonomy
77.825
48.496
31.396
27.881
24.374
Repayment capacity
None
None
None
None
None
Cash flow / Revenue
None%
None%
None%
None%
None%
Sector positioning
Debt ratio
71.812021
2018
2020
2021
Q1: 7.66
Med: 58.53
Q3: 167.94
Average-13 pts over 3 years
In 2021, the debt ratio of MJ TECHNIC (71.81) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
Financial autonomy
24.37%2021
2018
2020
2021
Q1: 14.57%
Med: 31.02%
Q3: 53.13%
Average-13 pts over 3 years
In 2021, the financial autonomy of MJ TECHNIC (24.4%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
Liquidity ratios
The liquidity ratio (= Current assets / Current liabilities) stands at 224.56. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
Liquidity ratio (2021)
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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
224.556
Liquidity indicators evolution MJ TECHNIC
Visualisation créée via abddaf.fr Sources : INPI & BCE - Retraitements : Ministère de l'économie
Indicator
2016
2017
2018
2020
2021
Liquidity ratio
110.282
221.673
222.064
238.747
224.556
Interest coverage
None
None
None
None
None
Sector positioning
Liquidity ratio
224.562021
2018
2020
2021
Q1: 142.09
Med: 211.41
Q3: 377.57
Good-6 pts over 3 years
In 2021, the liquidity ratio of MJ TECHNIC (224.56) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
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: 657 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 173 days. The gap of 484 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow.
Operating WCR (2021)
?
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
0 €
Customer credit (2021)
?
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
657 j
Supplier credit (2021)
?
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
173 j
Inventory turnover (2021)
?
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 and payment terms evolution MJ TECHNIC
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2016
2017
2018
2020
2021
Operating WCR
0 €
0 €
0 €
0 €
0 €
Inventory turnover (days)
0
0
0
0
0
Customer payment term (days)
0
0
0
0
657
Supplier payment term (days)
0
0
0
0
173
Positioning of MJ TECHNIC in its sector
Comparison with sector Commerce de voitures et de véhicules automobiles légers
Similar companies (Commerce de voitures et de véhicules automobiles légers)
Compare MJ TECHNIC with other companies in the same sector:
The revenue of MJ TECHNIC is not publicly disclosed (confidential accounts filed with INPI).
Is MJ TECHNIC profitable?
Profitability information is not publicly available.
Where is the headquarters of MJ TECHNIC ?
The headquarters of MJ TECHNIC is located in CHARNAY (25440), in the department Doubs.
Where to find the tax return of MJ TECHNIC ?
The tax return of MJ TECHNIC 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 MJ TECHNIC operate?
MJ TECHNIC operates in the sector Commerce de voitures et de véhicules automobiles légers (NAF code 45.11Z). See the 'Sector positioning' section above to compare the company with its competitors.
Item evolution
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