ელგუჯა ნოზაძე

Ratio	2018	2019	2020	2021
Margins
Gross Margin	4.9%	14.0%	14.4%	3.0%
EBITDA Margin	-8.7%	-1.5%	-2.1%	-15.2%
EBITDAR	-285	-63	-81	-555
EBITDAR Margin	-8.7%	-1.5%	-2.1%	-14.0%
EBIT Margin	-10.2%	-2.5%	-3.4%	-18.4%
Net Profit Margin	-13.7%	-2.8%	-3.7%	-8.7%
Operating Expense % of Sales	13.6%	15.5%	16.4%	18.3%
Returns
Return on Assets (ROA)	-20.5%	-5.5%	-5.3%	-12.9%
Return on Equity (ROE)	-25.1%	-7.0%	-8.3%	-24.3%
ROIC [EBIT / Invested Capital]	-16.1%	-5.5%	-6.9%	-36.0%
Leverage & liquidity
Debt-to-Assets	13.8%	16.7%	6.8%	23.9%
Debt-to-Equity	0.17x	0.21x	0.11x	0.45x
Debt-to-EBITDA	N/A	N/A	N/A	N/A
Equity-to-Assets	81.6%	78.5%	63.7%	53.0%
Net Debt	288	186	169	616
Cash & Equivalents	15	170	19	20
Total Debt	303	357	188	636
Liquidity & working capital
Current Ratio	2.39x	2.04x	1.40x	1.20x
Quick Ratio	2.39x	0.83x	0.33x	0.41x
Cash Ratio	0.04x	0.37x	0.02x	0.02x
Total Current Assets	965	938	1,396	1,494
Total Current Liabilities	404	459	999	1,250
Inventory	N/A	555	1,067	985
Trade Receivables	366	202	302	358
Trade Payables	75	86	791	613
Net Working Capital	561	478	397	244
Net Working Capital % of Revenue	17.1%	11.6%	10.2%	6.2%
Trade Working Capital	290	671	578	729
Trade Working Capital % of Revenue	8.9%	16.3%	14.8%	18.4%
Change in Trade Working Capital	N/A	381	-94	152
Turnover & efficiency
Inventory Turnover	N/A	6.40x	3.14x	3.90x
Days Inventory Outstanding (DIO)	N/A	57.1	116.4	93.5
Receivables Turnover	8.96x	20.42x	12.94x	11.08x
Days Sales Outstanding (DSO)	40.7	17.9	28.2	32.9
Payables Turnover	41.43x	41.28x	4.23x	6.27x
Days Payable Outstanding (DPO)	8.8	8.8	86.3	58.2
Cash Conversion Cycle	31.9 days	66.1 days	58.3 days	68.2 days
Asset Turnover	1.49x	1.93x	1.42x	1.49x
Cash flow & dividends
Operating Cash Flow	478	182	70	1
Free Cash Flow (OCF − Capex proxy)	279	155	-140	1
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	N/A	N/A

Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in ₾ '000. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.