SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX : revenue, balance sheet and financial ratios

SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX is a French company founded 35 years ago, specialized in the sector Fabrication d’articles de joaillerie et bijouterie. Based in LIMONEST (69760), this company of category PME shows in 2023 a revenue of 513.0 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 - SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX (SIREN 381591437)
Indicator 2023 2022 2021 2020 2019 2018 2016 2015
Revenue 513 018 594 € 317 554 612 € 238 107 149 € 224 826 191 € 224 579 955 € 194 283 569 € 222 860 476 € 192 922 548 €
Net income 1 160 451 € 1 716 357 € 293 484 € 191 017 € 635 166 € 776 489 € 1 276 766 € 333 010 €
EBITDA 1 436 093 € 2 409 105 € 893 119 € 592 414 € 1 402 104 € 719 049 € -138 976 € 324 081 €
Net margin 0.2% 0.5% 0.1% 0.1% 0.3% 0.4% 0.6% 0.2%

Revenue and income statement

In 2023, SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX achieves revenue of 513.0 M€. Over the period 2015-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +13.0%. Vs 2022, growth of +62% (317.6 M€ -> 513.0 M€). After deducting consumption (503.3 M€), gross margin stands at 9.7 M€, i.e. a rate of 2%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.4 M€, representing 0.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.2 M€, i.e. 0.2% of revenue. This profit can be retained or distributed to shareholders.

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

513 018 594 €

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

9 683 783 €

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

1 436 093 €

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

1 535 025 €

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

1 160 451 €

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

0.3%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 27%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 62%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 0.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

27.074%

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

61.729%

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

0.232%

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

3.265

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

14.5%

Solvency indicators evolution
SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX

Sector positioning

Debt ratio
27.07 2023
2021
2022
2023
Q1: 0.2
Med: 14.18
Q3: 65.14
Average +13 pts over 3 years

In 2023, the debt ratio of SOCIETE D'AFFINAGE ET APP... (27.07) 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
61.73% 2023
2021
2022
2023
Q1: 11.87%
Med: 45.83%
Q3: 67.67%
Good

In 2023, the financial autonomy of SOCIETE D'AFFINAGE ET APP... (61.7%) 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
3.27 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.11 years
Q3: 1.74 years
Watch +50 pts over 3 years

In 2023, the repayment capacity of SOCIETE D'AFFINAGE ET APP... (3.27) 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 423.15. 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 10.8x. Operating income very largely covers interest expenses: high safety margin.

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

423.146

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

10.766

Liquidity indicators evolution
SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX

Sector positioning

Liquidity ratio
423.15 2023
2021
2022
2023
Q1: 189.08
Med: 309.57
Q3: 560.99
Good -6 pts over 3 years

In 2023, the liquidity ratio of SOCIETE D'AFFINAGE ET APP... (423.15) 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.

Interest coverage
10.77x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.14x
Q3: 2.25x
Excellent

In 2023, the interest coverage of SOCIETE D'AFFINAGE ET APP... (10.8x) 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: 13 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 4 days. The company must finance 9 days of gap between collections and payments. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 17 days of revenue, i.e. 24.1 M€ to permanently finance. Over 2015-2023, WCR increased by +202%, requiring additional financing.

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

24 137 525 €

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

13 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

4 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

1 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

17 j

WCR and payment terms evolution
SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX

Positioning of SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX in its sector

Comparison with sector Fabrication d’articles de joaillerie et bijouterie

Valuation estimate

Based on 101 transactions of similar company sales (all years), the value of SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX is estimated at 38 711 157 € (range 18 057 020€ - 70 267 056€). With an EBITDA of 1 436 093€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.24x (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
101 transactions
18057k€ 38711k€ 70267k€
38 711 157 € Range: 18 057 020€ - 70 267 056€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 436 093 € × 2.5x
Estimation 3 646 757 €
1 011 074€ - 6 744 026€
Revenue Multiple 30%
513 018 594 € × 0.24x
Estimation 120 803 779 €
57 905 039€ - 218 579 241€
Net Income Multiple 20%
1 160 451 € × 2.8x
Estimation 3 233 224 €
899 855€ - 6 606 357€
How is this estimate calculated?

This estimate is based on the analysis of 101 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’articles de joaillerie et bijouterie)

Compare SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d’articles de joaillerie et bijouterie

Frequently asked questions about SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX

What is the revenue of SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX ?

The revenue of SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX in 2023 is 513.0 M€.

Is SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX profitable?

Yes, SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX generated a net profit of 1.2 M€ in 2023.

Where is the headquarters of SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX ?

The headquarters of SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX is located in LIMONEST (69760), in the department Rhone.

Where to find the tax return of SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX ?

The tax return of SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX 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 SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX operate?

SOCIETE D'AFFINAGE ET APPRETS DE METAUX PRECIEUX operates in the sector Fabrication d’articles de joaillerie et bijouterie (NAF code 32.12Z). See the 'Sector positioning' section above to compare the company with its competitors.