RHODIA OPERATIONS : revenue, balance sheet and financial ratios

RHODIA OPERATIONS is a French company founded 49 years ago, specialized in the sector Fabrication d'autres produits chimiques organiques de base. Based in LYON (69003), this company of category ETI shows in 2024 a revenue of 441.9 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 - RHODIA OPERATIONS (SIREN 622037083)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 441 928 208 € 799 753 958 € 1 267 334 995 € 1 078 713 082 € 1 045 630 026 € 2 189 146 356 € 2 358 763 350 € 2 319 477 516 € 2 137 217 033 €
Net income 56 303 946 € -10 988 552 € 44 156 554 € 66 337 611 € -15 989 212 € 28 927 507 € 21 837 180 € -21 747 523 € -18 814 762 €
EBITDA -69 779 412 € -102 746 062 € -91 451 218 € -37 023 351 € -417 221 797 € 11 205 791 € 1 264 664 € -38 669 852 € -15 288 973 €
Net margin 12.7% -1.4% 3.5% 6.1% -1.5% 1.3% 0.9% -0.9% -0.9%

Revenue and income statement

In 2024, RHODIA OPERATIONS achieves revenue of 441.9 M€. Revenue is declining over the period 2016-2024 (CAGR: -17.9%). Significant drop of -45% vs 2023. After deducting consumption (188.9 M€), gross margin stands at 253.0 M€, i.e. a rate of 57%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -69.8 M€, representing -15.8% of revenue. Warning negative scissor effect: despite revenue change (-45%), EBITDA varies by +32%, reducing margin by 2.9 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 56.3 M€, i.e. 12.7% 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

441 928 208 €

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

253 048 614 €

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

-69 779 412 €

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

-81 221 885 €

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

56 303 946 €

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

-15.7%

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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 43%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 23.6% 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

43.486%

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

35.903%

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

23.633%

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

1.935

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

27.7%

Solvency indicators evolution
RHODIA OPERATIONS

Sector positioning

Debt ratio
43.49 2024
2022
2023
2024
Q1: 0.02
Med: 15.63
Q3: 39.8
Average +50 pts over 3 years

In 2024, the debt ratio of RHODIA OPERATIONS (43.49) 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
35.9% 2024
2022
2023
2024
Q1: 17.28%
Med: 49.25%
Q3: 67.99%
Average -31 pts over 3 years

In 2024, the financial autonomy of RHODIA OPERATIONS (35.9%) 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
1.94 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.54 years
Q3: 2.08 years
Average +45 pts over 3 years

In 2024, the repayment capacity of RHODIA OPERATIONS (1.94) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 510.57. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

510.568

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

-34.345

Liquidity indicators evolution
RHODIA OPERATIONS

Sector positioning

Liquidity ratio
510.57 2024
2022
2023
2024
Q1: 135.13
Med: 215.57
Q3: 394.65
Excellent +43 pts over 3 years

In 2024, the liquidity ratio of RHODIA OPERATIONS (510.57) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-34.34x 2024
2022
2023
2024
Q1: 0.0x
Med: 1.77x
Q3: 9.91x
Watch

In 2024, the interest coverage of RHODIA OPERATIONS (-34.3x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 9 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 62 days. Excellent situation: suppliers finance 53 days of the operating cycle (retail model). Inventory turnover is 81 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 315 days of revenue, i.e. 387.3 M€ to permanently finance. Notable WCR improvement over the period (-53%), freeing up cash.

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

387 292 624 €

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

9 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

62 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

81 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

315 j

WCR and payment terms evolution
RHODIA OPERATIONS

Positioning of RHODIA OPERATIONS in its sector

Comparison with sector Fabrication d'autres produits chimiques organiques de base

Valuation estimate

Based on 74 transactions of similar company sales (all years), the value of RHODIA OPERATIONS is estimated at 41 241 027 € (range 24 459 674€ - 161 681 089€). The price/revenue ratio is 0.11x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
74 tx
24459k€ 41241k€ 161681k€
41 241 027 € Range: 24 459 674€ - 161 681 089€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
441 928 208 € × 0.11x
Estimation 48 543 270 €
31 678 613€ - 110 443 216€
Net Income Multiple 20%
56 303 946 € × 0.5x
Estimation 30 287 664 €
13 631 266€ - 238 537 901€
How is this estimate calculated?

This estimate is based on the analysis of 74 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 (Fabrication d'autres produits chimiques organiques de base)

Compare RHODIA OPERATIONS with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'autres produits chimiques organiques de base

Frequently asked questions about RHODIA OPERATIONS

What is the revenue of RHODIA OPERATIONS ?

The revenue of RHODIA OPERATIONS in 2024 is 441.9 M€.

Is RHODIA OPERATIONS profitable?

Yes, RHODIA OPERATIONS generated a net profit of 56.3 M€ in 2024.

Where is the headquarters of RHODIA OPERATIONS ?

The headquarters of RHODIA OPERATIONS is located in LYON (69003), in the department Rhone.

Where to find the tax return of RHODIA OPERATIONS ?

The tax return of RHODIA OPERATIONS 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 RHODIA OPERATIONS operate?

RHODIA OPERATIONS operates in the sector Fabrication d'autres produits chimiques organiques de base (NAF code 20.14Z). See the 'Sector positioning' section above to compare the company with its competitors.