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ID 202221559 · FY 2018–2023 · 5 years
* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Bars are revenue on the left axis; lines are EBITDA and net margin on the right.
| Ratio | 2018 | 2019 | 2020 | 2022 | 2023 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | 35.4% | 13.3% | 40.9% | 41.5% | 23.2% |
| EBITDA Margin | 13.6% | -1.9% | 30.0% | 30.8% | 9.3% |
| EBITDAR | 1,229 | 43 | 2,346 | 2,586 | 765 |
| EBITDAR Margin | 16.1% | 0.6% | 32.2% | 33.1% | 11.0% |
| EBIT Margin | 12.8% | -2.8% | 29.3% | 30.2% | 8.5% |
| Net Profit Margin | 13.6% | -1.9% | 30.0% | 29.9% | 8.3% |
| Operating Expense % of Sales | 21.8% | 15.3% | 10.9% | 10.7% | 13.9% |
| Returns | |||||
| Return on Assets (ROA) | 22.1% | -2.8% | 30.4% | 28.0% | 7.0% |
| Return on Equity (ROE) | 35.8% | -4.2% | 45.0% | 28.7% | 7.0% |
| ROIC [EBIT / Invested Capital] | 25.3% | -4.7% | 36.5% | 30.2% | 7.7% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 23.3% | 20.1% | 16.9% | 2.4% | 0.0% |
| Debt-to-Equity | 0.38x | 0.30x | 0.25x | 0.02x | 0.00x |
| Debt-to-EBITDA | 1.05x | N/A | 0.56x | 0.08x | 0.00x |
| Equity-to-Assets | 61.8% | 67.2% | 67.6% | 97.6% | 100.0% |
| Net Debt | 952 | 929 | 984 | -338 | -484 |
| Cash & Equivalents | 145 | 75 | 233 | 535 | 484 |
| Total Debt | 1,097 | 1,004 | 1,217 | 197 | N/A |
| Liquidity & working capital | |||||
| Current Ratio | 3.89x | 3.94x | 4.15x | 2.52x | N/A |
| Quick Ratio | 3.89x | 3.94x | 4.15x | 2.52x | N/A |
| Cash Ratio | 0.22x | 0.11x | 0.27x | 46.58x | N/A |
| Total Current Assets | 2,611 | 2,744 | 3,607 | 29 | 2 |
| Total Current Liabilities | 671 | 696 | 869 | 11 | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A |
| Trade Receivables | 1,457 | 1,638 | 2,840 | 1,722 | 1,791 |
| Trade Payables | 701 | 633 | 1,111 | N/A | N/A |
| Net Working Capital | 1,940 | 2,048 | 2,738 | 17 | 2 |
| Net Working Capital % of Revenue | 25.4% | 28.5% | 37.6% | 0.2% | 0.0% |
| Trade Working Capital | 755 | 1,005 | 1,729 | 1,722 | 1,791 |
| Trade Working Capital % of Revenue | 9.9% | 14.0% | 23.7% | 22.0% | 25.7% |
| Change in Trade Working Capital | N/A | 250 | 724 | N/A | 70 |
| Turnover & efficiency | |||||
| Inventory Turnover | N/A | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A | N/A | N/A |
| Receivables Turnover | 5.25x | 4.38x | 2.56x | 4.54x | 3.89x |
| Days Sales Outstanding (DSO) | 69.6 | 83.2 | 142.3 | 80.3 | 93.9 |
| Payables Turnover | 7.04x | 9.83x | 3.87x | N/A | N/A |
| Days Payable Outstanding (DPO) | 51.9 | 37.1 | 94.3 | N/A | N/A |
| Cash Conversion Cycle | 17.7 days | 46.1 days | 48.1 days | 80.3 days | 93.9 days |
| Asset Turnover | 1.62x | 1.44x | 1.01x | 0.94x | 0.85x |
| Cash flow & dividends | |||||
| Operating Cash Flow | 22,362 | 8,483 | 7,518 | 23,429 | 7,210 |
| Free Cash Flow (OCF − Capex proxy) | 22,362 | 11 | 159 | 340 | -51 |
| Cash Conversion (OCF / EBITDA) | 2145.8% | N/A | 343.9% | 971.9% | 1119.7% |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | 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 ₾ '000. 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).