SARTHE ENDURANCE RACING TEAM : revenue, balance sheet and financial ratios

SARTHE ENDURANCE RACING TEAM is a French company founded 6 years ago, specialized in the sector Autres activités liées au sport. Based in LE MANS (72000), this company of category PME shows in 2024 a revenue of 982 k€. 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 - SARTHE ENDURANCE RACING TEAM (SIREN 852726751)
Indicator 2024 2023 2022 2021 2020
Revenue 982 132 € 986 952 € 906 831 € 1 402 556 € 1 026 246 €
Net income 19 067 € 5 358 € 8 284 € -875 € 5 183 €
EBITDA 81 635 € 71 671 € -7 073 € -1 425 € -4 343 €
Net margin 1.9% 0.5% 0.9% -0.1% 0.5%

Revenue and income statement

In 2024, SARTHE ENDURANCE RACING TEAM achieves revenue of 982 k€. Activity remains stable over the period (CAGR: -1.1%). Slight decline of -0% vs 2023. After deducting consumption (148 k€), gross margin stands at 834 k€, i.e. a rate of 85%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 82 k€, representing 8.3% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 19 k€, i.e. 1.9% 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

982 132 €

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

833 792 €

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

81 635 €

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

60 306 €

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

19 067 €

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

8.3%

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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 1144%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 6%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 13.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 4.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

1143.999%

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

6.452%

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

4.104%

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

13.317

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

52.3%

Solvency indicators evolution
SARTHE ENDURANCE RACING TEAM

Sector positioning

Debt ratio
1144.0 2024
2022
2023
2024
Q1: 0.0
Med: 4.63
Q3: 69.04
Average

In 2024, the debt ratio of SARTHE ENDURANCE RACING TEAM (1144.00) 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
6.45% 2024
2022
2023
2024
Q1: 0.0%
Med: 20.59%
Q3: 51.7%
Average

In 2024, the financial autonomy of SARTHE ENDURANCE RACING TEAM (6.5%) 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
13.32 years 2024
2022
2023
2024
Q1: -0.43 years
Med: 0.0 years
Q3: 1.18 years
Watch +53 pts over 3 years

In 2024, the repayment capacity of SARTHE ENDURANCE RACING TEAM (13.32) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 462.99. 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 46.4x. Operating income very largely covers interest expenses: high safety margin.

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

462.988

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

46.394

Liquidity indicators evolution
SARTHE ENDURANCE RACING TEAM

Sector positioning

Liquidity ratio
462.99 2024
2022
2023
2024
Q1: 89.44
Med: 180.84
Q3: 411.87
Excellent

In 2024, the liquidity ratio of SARTHE ENDURANCE RACING TEAM (462.99) 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
46.39x 2024
2022
2023
2024
Q1: -0.38x
Med: 0.0x
Q3: 0.91x
Excellent +57 pts over 3 years

In 2024, the interest coverage of SARTHE ENDURANCE RACING TEAM (46.4x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 10 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 45 days. Excellent situation: suppliers finance 35 days of the operating cycle (retail model). Inventory turnover is 207 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 207 days of revenue, i.e. 565 k€ to permanently finance. Over 2020-2024, WCR increased by +179%, 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

564 510 €

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

10 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

45 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

207 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

207 j

WCR and payment terms evolution
SARTHE ENDURANCE RACING TEAM

Positioning of SARTHE ENDURANCE RACING TEAM in its sector

Comparison with sector Autres activités liées au sport

Valuation estimate

Based on 161 transactions of similar company sales (all years), the value of SARTHE ENDURANCE RACING TEAM is estimated at 394 402 € (range 206 147€ - 616 962€). With an EBITDA of 81 635€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.62x (in line with sector norms). 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
161 transactions
206k€ 394k€ 616k€
394 402 € Range: 206 147€ - 616 962€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
81 635 € × 4.7x
Estimation 383 089 €
211 793€ - 560 003€
Revenue Multiple 30%
982 132 € × 0.62x
Estimation 608 676 €
304 600€ - 979 786€
Net Income Multiple 20%
19 067 € × 5.3x
Estimation 101 276 €
44 354€ - 215 128€
How is this estimate calculated?

This estimate is based on the analysis of 161 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 (Autres activités liées au sport)

Compare SARTHE ENDURANCE RACING TEAM with other companies in the same sector:

Voir toutes les statistiques du secteur Autres activités liées au sport

Frequently asked questions about SARTHE ENDURANCE RACING TEAM

What is the revenue of SARTHE ENDURANCE RACING TEAM ?

The revenue of SARTHE ENDURANCE RACING TEAM in 2024 is 982 k€.

Is SARTHE ENDURANCE RACING TEAM profitable?

Yes, SARTHE ENDURANCE RACING TEAM generated a net profit of 19 k€ in 2024.

Where is the headquarters of SARTHE ENDURANCE RACING TEAM ?

The headquarters of SARTHE ENDURANCE RACING TEAM is located in LE MANS (72000), in the department Sarthe.

Where to find the tax return of SARTHE ENDURANCE RACING TEAM ?

The tax return of SARTHE ENDURANCE RACING TEAM 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 SARTHE ENDURANCE RACING TEAM operate?

SARTHE ENDURANCE RACING TEAM operates in the sector Autres activités liées au sport (NAF code 93.19Z). See the 'Sector positioning' section above to compare the company with its competitors.