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Operates in FMCG — Production - Beverages. Per the activity note to the FY2024 annual report, the company manufactures non-alcoholic carbonated beverages.
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 46.3% | 47.6% | 40.1% | 28.9% | 35.3% | 42.7% |
| EBITDA Margin | 8.4% | -1.6% | -0.8% | 4.9% | 10.7% | 8.6% |
| EBITDAR | 196 | -18 | -24 | 249 | 317 | 184 |
| EBITDAR Margin | 11.0% | -1.6% | -0.8% | 4.9% | 10.7% | 8.6% |
| EBIT Margin | 7.6% | -4.2% | -4.4% | 2.8% | 7.4% | 1.5% |
| Net Profit Margin | 6.0% | -1.6% | -0.8% | 1.0% | 4.2% | -3.2% |
| Operating Expense % of Sales | 38.0% | 49.2% | 40.9% | 23.9% | 24.5% | 34.2% |
| Returns | ||||||
| Return on Assets (ROA) | 6.0% | -1.0% | -1.2% | 2.5% | 6.3% | -3.6% |
| Return on Equity (ROE) | 46.3% | -8.3% | -12.8% | 22.3% | 36.9% | -25.8% |
| ROIC [EBIT / Invested Capital] | 17.0% | -3.3% | -8.8% | 8.6% | 13.2% | 2.2% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 64.5% | 63.7% | 64.2% | 75.3% | 67.2% | 62.7% |
| Debt-to-Equity | 4.99x | 5.58x | 6.71x | 6.74x | 3.96x | 4.56x |
| Debt-to-EBITDA | 7.69x | N/A | N/A | 5.92x | 4.17x | 6.55x |
| Equity-to-Assets | 12.9% | 11.4% | 9.6% | 11.2% | 17.0% | 13.7% |
| Net Debt | 568 | 1,180 | 1,245 | 1,441 | 1,309 | 1,188 |
| Cash & Equivalents | 577 | 1 | 14 | 35 | 11 | 21 |
| Total Debt | 1,145 | 1,180 | 1,259 | 1,475 | 1,319 | 1,209 |
| Liquidity & working capital | ||||||
| Current Ratio | 2.99x | 0.99x | 0.99x | 1.43x | 1.05x | 0.93x |
| Quick Ratio | 2.62x | 0.67x | 0.99x | 1.43x | 1.05x | 0.93x |
| Cash Ratio | 1.44x | 0.00x | 0.03x | 0.08x | 0.02x | 0.03x |
| Total Current Assets | 1,197 | 438 | 507 | 599 | 466 | 554 |
| Total Current Liabilities | 401 | 443 | 513 | 420 | 444 | 595 |
| Inventory | 147 | 143 | N/A | N/A | N/A | N/A |
| Trade Receivables | 158 | 139 | 81 | 164 | 68 | 91 |
| Trade Payables | 8 | 159 | 467 | 228 | 301 | 335 |
| Net Working Capital | 796 | -5 | -6 | 179 | 22 | -41 |
| Net Working Capital % of Revenue | 44.7% | -0.4% | -0.2% | 3.5% | 0.7% | -1.9% |
| Trade Working Capital | 297 | 123 | -386 | -64 | -232 | -243 |
| Trade Working Capital % of Revenue | 16.7% | 11.1% | -13.7% | -1.3% | -7.9% | -11.3% |
| Change in Trade Working Capital | N/A | -174 | -509 | 323 | -168 | -11 |
| Turnover & efficiency | ||||||
| Inventory Turnover | 6.51x | 4.05x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | 56.1 | 90.2 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 11.25x | 7.96x | 35.07x | 30.65x | 43.16x | 23.54x |
| Days Sales Outstanding (DSO) | 32.4 | 45.9 | 10.4 | 11.9 | 8.5 | 15.5 |
| Payables Turnover | 118.05x | 3.64x | 3.63x | 15.70x | 6.35x | 3.68x |
| Days Payable Outstanding (DPO) | 3.1 | 100.2 | 100.6 | 23.2 | 57.5 | 99.2 |
| Cash Conversion Cycle | 85.4 days | 35.9 days | -90.1 days | -11.3 days | -49.0 days | -83.7 days |
| Asset Turnover | 1.00x | 0.59x | 1.44x | 2.57x | 1.50x | 1.12x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | 1,591 | 1,424 | 3,169 | 5,541 | 3,353 | 2,615 |
| Free Cash Flow (OCF − Capex proxy) | 3,257 | 1,424 | 3,169 | 5,541 | 3,353 | 2,615 |
| Cash Conversion (OCF / EBITDA) | 1068.6% | N/A | N/A | 2222.9% | 1058.9% | 1417.3% |
| Dividends Declared | 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 |
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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