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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Long-established Georgian family-owned company. Limited public information available beyond the Reportal filing.
Group parent — controls 2 companies · ownership
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 71.8% | 66.8% | 99.9% | 49.6% | 48.4% | 43.8% | 42.0% |
| EBITDA Margin | 7.4% | -7.0% | 68.6% | -2.8% | 2.7% | -3.1% | -4.6% |
| EBITDAR | 1,282 | 291 | 8,207 | -404 | 1,678 | 583 | 259 |
| EBITDAR Margin | 16.2% | 2.7% | 76.5% | -2.8% | 8.7% | 2.7% | 1.2% |
| EBIT Margin | 3.5% | -11.5% | 64.8% | -2.8% | -3.3% | -9.3% | -9.6% |
| Net Profit Margin | 4.1% | -11.0% | -10.5% | -0.0% | -5.3% | -13.5% | -16.9% |
| Operating Expense % of Sales | 64.4% | 73.9% | 31.3% | 52.4% | 45.7% | 46.8% | 46.6% |
| Returns | |||||||
| Return on Assets (ROA) | 3.3% | -10.4% | -9.5% | -0.0% | -7.9% | -23.0% | -38.3% |
| Return on Equity (ROE) | 5.2% | -23.2% | -19.6% | -0.0% | -18.6% | -109.4% | N/A |
| ROIC [EBIT / Invested Capital] | 3.5% | -16.6% | 78.2% | -4.6% | -8.2% | -38.2% | -190.4% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 17.8% | 22.4% | 28.9% | 26.7% | 22.0% | 23.1% | 24.3% |
| Debt-to-Equity | 0.28x | 0.50x | 0.59x | 0.58x | 0.52x | 1.10x | -2.29x |
| Debt-to-EBITDA | 3.00x | N/A | 0.47x | N/A | 5.55x | N/A | N/A |
| Equity-to-Assets | 64.5% | 44.7% | 48.7% | 46.4% | 42.2% | 21.0% | -10.6% |
| Net Debt | 1,542 | 2,316 | 3,122 | 2,223 | 2,231 | 2,592 | 2,082 |
| Cash & Equivalents | 208 | 194 | 308 | 1,521 | 631 | 284 | 221 |
| Total Debt | 1,750 | 2,510 | 3,430 | 3,744 | 2,862 | 2,876 | 2,303 |
| Liquidity & working capital | |||||||
| Current Ratio | 0.98x | 0.55x | 0.84x | 1.33x | 0.61x | 0.37x | 0.21x |
| Quick Ratio | 0.63x | 0.36x | 0.69x | 1.26x | 0.49x | 0.26x | 0.13x |
| Cash Ratio | 0.09x | 0.04x | 0.09x | 0.24x | 0.10x | 0.03x | 0.02x |
| Total Current Assets | 2,154 | 2,677 | 3,014 | 8,503 | 3,713 | 3,184 | 1,982 |
| Total Current Liabilities | 2,200 | 4,837 | 3,571 | 6,376 | 6,090 | 8,614 | 9,517 |
| Inventory | 777 | 949 | 536 | 456 | 724 | 922 | 771 |
| Trade Receivables | 1,064 | 1,383 | 1,762 | 1,907 | 2,131 | 1,853 | 789 |
| Trade Payables | 1,435 | 3,215 | 2,567 | 3,696 | 4,501 | 6,870 | 8,121 |
| Net Working Capital | -46 | -2,160 | -557 | 2,127 | -2,377 | -5,430 | -7,535 |
| Net Working Capital % of Revenue | -0.6% | -20.4% | -5.2% | 15.0% | -12.3% | -25.5% | -35.1% |
| Trade Working Capital | 406 | -883 | -269 | -1,333 | -1,646 | -4,095 | -6,561 |
| Trade Working Capital % of Revenue | 5.1% | -8.3% | -2.5% | -9.4% | -8.5% | -19.2% | -30.6% |
| Change in Trade Working Capital | N/A | -1,289 | 614 | -1,064 | -313 | -2,449 | -2,466 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 2.87x | 3.71x | 0.01x | 15.72x | 13.84x | 12.99x | 16.14x |
| Days Inventory Outstanding (DIO) | 127.3 | 98.5 | 35346.0 | 23.2 | 26.4 | 28.1 | 22.6 |
| Receivables Turnover | 7.43x | 7.67x | 6.09x | 7.45x | 9.10x | 11.49x | 27.18x |
| Days Sales Outstanding (DSO) | 49.1 | 47.6 | 59.9 | 49.0 | 40.1 | 31.8 | 13.4 |
| Payables Turnover | 1.55x | 1.09x | 0.00x | 1.94x | 2.23x | 1.74x | 1.53x |
| Days Payable Outstanding (DPO) | 235.2 | 333.7 | 169278.2 | 188.2 | 164.0 | 209.3 | 238.3 |
| Cash Conversion Cycle | -58.7 days | -187.6 days | -133872.3 days | -116.0 days | -97.5 days | -149.5 days | -202.2 days |
| Asset Turnover | 0.81x | 0.94x | 0.91x | 1.01x | 1.49x | 1.71x | 2.27x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 1,162 | 997 | 257 | 902 | 1,037 | 1,090 | 59 |
| Free Cash Flow (OCF − Capex proxy) | -157 | 131 | -234 | -573 | -643 | -145 | -975 |
| Cash Conversion (OCF / EBITDA) | 199.0% | N/A | 3.5% | N/A | 201.0% | N/A | N/A |
| Dividends Declared | 121 | 149 | 62 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 36.9% | 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.
Ownership & directors from companyinfo.ge (public corporate registry).
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