SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA : revenue, balance sheet and financial ratios

SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA is a French company founded 31 years ago, specialized in the sector Commerce de voitures et de véhicules automobiles légers. Based in TILLE (60000), this company of category ETI shows in 2023 a revenue of 34.7 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

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

Financial history - SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA (SIREN 399267764)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 34 715 161 € 28 222 639 € 28 173 248 € 25 319 266 € 30 213 176 € 24 493 361 € 22 315 563 € 22 920 022 €
Net income 6 523 € 349 811 € 158 071 € -198 147 € 19 898 € 196 901 € 70 407 € 159 389 €
EBITDA 352 281 € 741 716 € 322 020 € -247 634 € 199 074 € 393 727 € 115 567 € 321 071 €
Net margin 0.0% 1.2% 0.6% -0.8% 0.1% 0.8% 0.3% 0.7%

Revenue and income statement

In 2023, SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA achieves revenue of 34.7 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +6.1%. Vs 2022, growth of +23% (28.2 M€ -> 34.7 M€). After deducting consumption (30.5 M€), gross margin stands at 4.3 M€, i.e. a rate of 12%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 352 k€, representing 1.0% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 7 k€, i.e. 0.0% 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

34 715 161 €

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

4 257 175 €

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

352 281 €

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

201 630 €

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

6 523 €

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

1.0%

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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 160%. 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 8%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 16.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.4% 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

159.525%

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

8.484%

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

0.435%

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

16.778

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

17.7%

Solvency indicators evolution
SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA

Sector positioning

Debt ratio
159.53 2023
2021
2022
2023
Q1: 5.33
Med: 46.56
Q3: 142.38
Average

In 2023, the debt ratio of SOCIETE PAR ACTIONS PICAR... (159.53) 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
8.48% 2023
2021
2022
2023
Q1: 10.96%
Med: 26.91%
Q3: 51.24%
Average

In 2023, the financial autonomy of SOCIETE PAR ACTIONS PICAR... (8.5%) 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
16.78 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.51 years
Q3: 4.09 years
Average

In 2023, the repayment capacity of SOCIETE PAR ACTIONS PICAR... (16.78) 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 118.70. 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 89.1x. 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

118.701

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

89.054

Liquidity indicators evolution
SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA

Sector positioning

Liquidity ratio
118.7 2023
2021
2022
2023
Q1: 135.08
Med: 203.8
Q3: 381.44
Average -22 pts over 3 years

In 2023, the liquidity ratio of SOCIETE PAR ACTIONS PICAR... (118.70) 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
89.05x 2023
2021
2022
2023
Q1: 0.0x
Med: 2.09x
Q3: 18.92x
Excellent

In 2023, the interest coverage of SOCIETE PAR ACTIONS PICAR... (89.0x) 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: 44 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 150 days. Excellent situation: suppliers finance 106 days of the operating cycle (retail model). Inventory turnover is 122 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 185 days of revenue, i.e. 17.8 M€ to permanently finance. Over 2016-2023, WCR increased by +168%, 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

17 825 194 €

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

44 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

150 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

122 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

185 j

WCR and payment terms evolution
SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA

Positioning of SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA 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 SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA is estimated at 1 555 771 € (range 796 350€ - 3 859 149€). With an EBITDA of 352 281€, the sector multiple of 1.3x is applied. 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
796k€ 1555k€ 3859k€
1 555 771 € Range: 796 350€ - 3 859 149€
NAF 5 année 2023

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
352 281 € × 1.3x
Estimation 467 872 €
117 130€ - 1 195 829€
Revenue Multiple 30%
34 715 161 € × 0.13x
Estimation 4 397 142 €
2 457 042€ - 10 854 797€
Net Income Multiple 20%
6 523 € × 2.1x
Estimation 13 464 €
3 363€ - 23 979€

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 SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA 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 SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA

What is the revenue of SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA ?

The revenue of SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA in 2023 is 34.7 M€.

Is SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA profitable?

Yes, SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA generated a net profit of 7 k€ in 2023.

Where is the headquarters of SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA ?

The headquarters of SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA is located in TILLE (60000), in the department Oise.

Where to find the tax return of SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA ?

The tax return of SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA 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 PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA operate?

SOCIETE PAR ACTIONS PICARDE DE DISTRIBUTION AUTOMOBILE SAPDA 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.