PROVENCE AUTOMOBILES : revenue, balance sheet and financial ratios

PROVENCE AUTOMOBILES is a French company founded 66 years ago, specialized in the sector Commerce de voitures et de véhicules automobiles légers. Based in MONTELIMAR (26200), this company of category ETI shows in 2023 a revenue of 10.1 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - PROVENCE AUTOMOBILES (SIREN 602980088)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 10 098 323 € 14 781 993 € 18 138 216 € 20 210 534 € 22 264 376 € 21 766 360 € 16 988 979 € 17 487 182 €
Net income -640 629 € -2 630 € 51 543 € 137 806 € 212 029 € 270 134 € 157 605 € 75 006 €
EBITDA -449 755 € 119 123 € 159 445 € 312 364 € 489 151 € 499 753 € 244 909 € 165 285 €
Net margin -6.3% -0.0% 0.3% 0.7% 1.0% 1.2% 0.9% 0.4%

Revenue and income statement

In 2023, PROVENCE AUTOMOBILES achieves revenue of 10.1 M€. Revenue is declining over the period 2016-2023 (CAGR: -7.5%). Significant drop of -32% vs 2022. After deducting consumption (8.5 M€), gross margin stands at 1.6 M€, i.e. a rate of 15%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -450 k€, representing -4.5% of revenue. Warning negative scissor effect: despite revenue change (-32%), EBITDA varies by -478%, reducing margin by 5.3 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -641 k€ (-6.3% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

10 098 323 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 560 888 €

EBITDA (2023) ?
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

-449 755 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-583 736 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-640 629 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-4.5%

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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 37%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 22%. The balance between equity and debt is satisfactory.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

37.068%

Financial autonomy (2023) ?
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

22.296%

Cash flow / Revenue (2023) ?
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

-4.867%

Repayment capacity (2023) ?
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

-0.989

Asset age ratio (2023) ?
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

16.9%

Solvency indicators evolution
PROVENCE AUTOMOBILES

Sector positioning

Debt ratio
37.07 2023
2021
2022
2023
Q1: 5.35
Med: 46.58
Q3: 142.41
Good -18 pts over 3 years

In 2023, the debt ratio of PROVENCE AUTOMOBILES (37.07) 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
22.3% 2023
2021
2022
2023
Q1: 10.97%
Med: 26.91%
Q3: 51.24%
Average -6 pts over 3 years

In 2023, the financial autonomy of PROVENCE AUTOMOBILES (22.3%) 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
-0.99 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.51 years
Q3: 4.09 years
Excellent -50 pts over 3 years

In 2023, the repayment capacity of PROVENCE AUTOMOBILES (-0.99) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 139.86. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

139.859

Interest coverage (2023) ?
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

-9.539

Liquidity indicators evolution
PROVENCE AUTOMOBILES

Sector positioning

Liquidity ratio
139.86 2023
2021
2022
2023
Q1: 135.15
Med: 203.86
Q3: 381.72
Average -32 pts over 3 years

In 2023, the liquidity ratio of PROVENCE AUTOMOBILES (139.86) 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
-9.54x 2023
2021
2022
2023
Q1: 0.0x
Med: 2.1x
Q3: 18.92x
Average -50 pts over 3 years

In 2023, the interest coverage of PROVENCE AUTOMOBILES (-9.5x) 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: 23 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 127 days. Excellent situation: suppliers finance 104 days of the operating cycle (retail model). Inventory turnover is 137 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 188 days of revenue, i.e. 5.3 M€ to permanently finance.

Operating WCR (2023) ?
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

5 269 608 €

Customer credit (2023) ?
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

23 j

Supplier credit (2023) ?
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

127 j

Inventory turnover (2023) ?
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

137 j

WCR in days of revenue (2023) ?
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

188 j

WCR and payment terms evolution
PROVENCE AUTOMOBILES

Positioning of PROVENCE AUTOMOBILES in its sector

Comparison with sector Commerce de voitures et de véhicules automobiles légers

Valuation estimate

Based on 149 transactions of similar company sales in 2023, the value of PROVENCE AUTOMOBILES is estimated at 1 279 088 € (range 714 731€ - 3 157 561€). The price/revenue ratio is 0.13x (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.

Estimated enterprise value 2023
149 transactions
714k€ 1279k€ 3157k€
1 279 088 € Range: 714 731€ - 3 157 561€
NAF 5 année 2023

Valuation method used

Revenue Multiple
10 098 323 € × 0.13x = 1 279 088 €
Range: 714 731€ - 3 157 561€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 149 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 (Commerce de voitures et de véhicules automobiles légers)

Compare PROVENCE AUTOMOBILES with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de voitures et de véhicules automobiles légers

Frequently asked questions about PROVENCE AUTOMOBILES

What is the revenue of PROVENCE AUTOMOBILES ?

The revenue of PROVENCE AUTOMOBILES in 2023 is 10.1 M€.

Is PROVENCE AUTOMOBILES profitable?

PROVENCE AUTOMOBILES recorded a net loss in 2023.

Where is the headquarters of PROVENCE AUTOMOBILES ?

The headquarters of PROVENCE AUTOMOBILES is located in MONTELIMAR (26200), in the department Drome.

Where to find the tax return of PROVENCE AUTOMOBILES ?

The tax return of PROVENCE AUTOMOBILES 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 PROVENCE AUTOMOBILES operate?

PROVENCE AUTOMOBILES 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.