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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 59.4% | 57.8% | 53.0% | -21.6% | -7.8% | 2.2% | -2.4% | -7.6% |
| EBITDA Margin | 47.5% | 42.4% | 34.8% | -38.9% | -28.4% | -15.4% | -19.6% | -22.1% |
| EBITDAR | 3,113 | 2,664 | 2,257 | -1,503 | -884 | -488 | -729 | -595 |
| EBITDAR Margin | 47.5% | 42.4% | 34.8% | -38.9% | -28.4% | -15.4% | -19.6% | -22.1% |
| EBIT Margin | 47.2% | 41.9% | 34.3% | -40.7% | -30.4% | -17.0% | -21.5% | -25.1% |
| Net Profit Margin | 50.0% | 42.1% | 41.7% | -26.2% | 21.3% | 24.4% | 25.5% | -2.4% |
| Operating Expense % of Sales | 11.9% | 15.5% | 18.2% | 17.3% | 20.6% | 17.7% | 17.3% | 14.5% |
| Returns | ||||||||
| Return on Assets (ROA) | 70.2% | 27.5% | 24.2% | -10.8% | 8.1% | 10.1% | 13.2% | -1.1% |
| Return on Equity (ROE) | 90.0% | 37.9% | 30.5% | -14.9% | 9.1% | 11.0% | 15.6% | -1.2% |
| ROIC [EBIT / Invested Capital] | 94.7% | 30.2% | 21.7% | -18.2% | -12.3% | -7.7% | -13.0% | -11.6% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 13.6% | 21.4% | 16.2% | 19.9% | 6.6% | 1.6% | 2.7% | 4.6% |
| Debt-to-Equity | 0.17x | 0.29x | 0.20x | 0.27x | 0.07x | 0.02x | 0.03x | 0.05x |
| Debt-to-EBITDA | 0.20x | 0.77x | 0.80x | N/A | N/A | N/A | N/A | N/A |
| Equity-to-Assets | 78.0% | 72.6% | 79.5% | 72.6% | 88.6% | 92.2% | 84.5% | 90.4% |
| Net Debt | -376 | 1,756 | 1,395 | 1,833 | 472 | -32 | 52 | 278 |
| Cash & Equivalents | 1,010 | 301 | 421 | 29 | 65 | 152 | 143 | 5 |
| Total Debt | 634 | 2,057 | 1,815 | 1,862 | 536 | 120 | 196 | 283 |
| Liquidity & working capital | ||||||||
| Current Ratio | 2.64x | 1.04x | 2.31x | 2.86x | 3.11x | 5.52x | 2.63x | 4.82x |
| Quick Ratio | 2.64x | 1.04x | 2.09x | 2.44x | 3.11x | 5.52x | 2.63x | 4.82x |
| Cash Ratio | 1.31x | 0.15x | 0.47x | 0.03x | 0.08x | 0.32x | 0.13x | 0.01x |
| Total Current Assets | 2,032 | 2,024 | 2,079 | 2,940 | 2,469 | 2,594 | 2,927 | 2,826 |
| Total Current Liabilities | 770 | 1,945 | 901 | 1,027 | 795 | 470 | 1,113 | 586 |
| Inventory | N/A | N/A | 198 | 432 | N/A | N/A | N/A | N/A |
| Trade Receivables | 1,008 | 1,095 | 969 | 1,928 | 1,992 | 1,943 | 2,310 | 2,173 |
| Trade Payables | 190 | 328 | 300 | 567 | 241 | 346 | 638 | 262 |
| Net Working Capital | 1,262 | 79 | 1,178 | 1,913 | 1,675 | 2,124 | 1,814 | 2,239 |
| Net Working Capital % of Revenue | 19.2% | 1.3% | 18.2% | 49.5% | 53.8% | 67.1% | 48.9% | 83.3% |
| Trade Working Capital | 818 | 767 | 866 | 1,793 | 1,751 | 1,597 | 1,672 | 1,911 |
| Trade Working Capital % of Revenue | 12.5% | 12.2% | 13.4% | 46.4% | 56.3% | 50.5% | 45.0% | 71.1% |
| Change in Trade Working Capital | N/A | -51 | 99 | 927 | -42 | -154 | 75 | 239 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | N/A | 15.39x | 10.86x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | 23.7 | 33.6 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 6.51x | 5.74x | 6.70x | 2.00x | 1.56x | 1.63x | 1.61x | 1.24x |
| Days Sales Outstanding (DSO) | 56.1 | 63.6 | 54.5 | 182.2 | 233.7 | 224.1 | 227.1 | 294.9 |
| Payables Turnover | 14.03x | 8.09x | 10.14x | 8.28x | 13.93x | 8.95x | 5.96x | 11.05x |
| Days Payable Outstanding (DPO) | 26.0 | 45.1 | 36.0 | 44.1 | 26.2 | 40.8 | 61.3 | 33.0 |
| Cash Conversion Cycle | 30.1 days | 18.4 days | 42.2 days | 171.7 days | 207.5 days | 183.3 days | 165.8 days | 261.9 days |
| Asset Turnover | 1.40x | 0.65x | 0.58x | 0.41x | 0.38x | 0.41x | 0.52x | 0.44x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 3,342 | 2,837 | 120 | -392 | 36 | 87 | -8 | -139 |
| Free Cash Flow (OCF − Capex proxy) | 3,342 | -2,561 | 120 | -392 | 36 | 87 | -8 | -139 |
| Cash Conversion (OCF / EBITDA) | 107.4% | 106.5% | 5.3% | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | 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 GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Group parent — controls 1 company · ownership
Ownership & directors from companyinfo.ge (public corporate registry).