PARCOURS : revenue, balance sheet and financial ratios

PARCOURS is a French company founded 32 years ago, specialized in the sector Location de longue durée de voitures et de véhicules automobiles légers. Based in NANTERRE (92000), this company of category GE shows in 2024 a revenue of 464.6 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 - PARCOURS (SIREN 399399484)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 464 648 497 € 440 113 551 € 406 731 450 € 413 508 145 € 393 354 915 € 432 388 313 € 430 961 994 € 415 262 208 € 381 190 907 €
Net income 69 076 260 € 54 764 384 € 38 579 540 € 32 257 692 € -9 315 993 € -7 594 767 € -5 164 850 € 2 613 141 € -52 293 145 €
EBITDA 192 840 413 € 234 891 358 € 251 929 456 € 302 472 760 € 292 235 698 € 308 329 266 € 324 263 674 € 314 140 088 € 312 025 927 €
Net margin 14.9% 12.4% 9.5% 7.8% -2.4% -1.8% -1.2% 0.6% -13.7%

Revenue and income statement

In 2024, PARCOURS achieves revenue of 464.6 M€. Revenue is growing positively over 9 years (CAGR: +2.5%). Vs 2023: +6%. After deducting consumption (21 k€), gross margin stands at 464.6 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 192.8 M€, representing 41.5% of revenue. Warning negative scissor effect: despite revenue change (+6%), EBITDA varies by -18%, reducing margin by 11.9 pts. This reflects costs rising faster than 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 69.1 M€, i.e. 14.9% 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

464 648 497 €

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

464 627 253 €

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

192 840 413 €

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

45 179 756 €

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

69 076 260 €

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

41.5%

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Chart evolution

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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 47%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 24%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 15.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

47.001%

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

24.093%

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

15.445%

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

1.074

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

39.5%

Solvency indicators evolution
PARCOURS

Sector positioning

Debt ratio
47.0 2024
2022
2023
2024
Q1: 0.0
Med: 52.09
Q3: 260.67
Good -7 pts over 3 years

In 2024, the debt ratio of PARCOURS (47.00) 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
24.09% 2024
2022
2023
2024
Q1: 4.51%
Med: 24.09%
Q3: 51.07%
Good -7 pts over 3 years

In 2024, the financial autonomy of PARCOURS (24.1%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
1.07 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 1.27 years
Q3: 3.63 years
Good

In 2024, the repayment capacity of PARCOURS (1.07) 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 131.51. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.

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

131.514

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

0.221

Liquidity indicators evolution
PARCOURS

Sector positioning

Liquidity ratio
131.51 2024
2022
2023
2024
Q1: 79.61
Med: 167.54
Q3: 370.44
Average +17 pts over 3 years

In 2024, the liquidity ratio of PARCOURS (131.51) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
0.22x 2024
2022
2023
2024
Q1: 0.0x
Med: 1.37x
Q3: 11.14x
Average -9 pts over 3 years

In 2024, the interest coverage of PARCOURS (0.2x) 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: 43 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 447 days. Excellent situation: suppliers finance 404 days of the operating cycle (retail model). Overall, WCR represents 375 days of revenue, i.e. 484.4 M€ to permanently finance. Over 2016-2024, WCR increased by +746%, requiring additional financing.

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

484 400 705 €

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

43 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

447 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

0 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

375 j

WCR and payment terms evolution
PARCOURS

Positioning of PARCOURS in its sector

Comparison with sector Location de longue durée de voitures et de véhicules automobiles légers

Valuation estimate

Based on 276 transactions of similar company sales (all years), the value of PARCOURS is estimated at 1 646 953 215 € (range 314 443 690€ - 2 490 410 488€). With an EBITDA of 192 840 413€, the sector multiple of 11.9x is applied. The price/revenue ratio is 2.33x (premium 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 2024
276 transactions
314443k€ 1646953k€ 2490410k€
1 646 953 215 € Range: 314 443 690€ - 2 490 410 488€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
192 840 413 € × 11.9x
Estimation 2 304 140 770 €
468 552 850€ - 3 135 141 542€
Revenue Multiple 30%
464 648 497 € × 2.33x
Estimation 1 084 318 536 €
253 159 566€ - 1 409 971 347€
Net Income Multiple 20%
69 076 260 € × 12.3x
Estimation 847 936 352 €
21 096 977€ - 2 499 241 568€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 276 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 (Location de longue durée de voitures et de véhicules automobiles légers)

Compare PARCOURS with other companies in the same sector:

Voir toutes les statistiques du secteur Location de longue durée de voitures et de véhicules automobiles légers

Frequently asked questions about PARCOURS

What is the revenue of PARCOURS ?

The revenue of PARCOURS in 2024 is 464.6 M€.

Is PARCOURS profitable?

Yes, PARCOURS generated a net profit of 69.1 M€ in 2024.

Where is the headquarters of PARCOURS ?

The headquarters of PARCOURS is located in NANTERRE (92000), in the department Hauts-de-Seine.

Where to find the tax return of PARCOURS ?

The tax return of PARCOURS 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 PARCOURS operate?

PARCOURS operates in the sector Location de longue durée de voitures et de véhicules automobiles légers (NAF code 77.11B). See the 'Sector positioning' section above to compare the company with its competitors.