Tornike (შპს თორნიკე)

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	35.1%	32.8%	35.8%	37.7%	36.8%	45.1%	49.7%
EBITDA Margin	33.1%	30.9%	34.7%	38.9%	36.4%	43.9%	44.7%
EBITDAR	908	1,021	1,372	1,168	1,403	2,628	2,163
EBITDAR Margin	33.3%	31.0%	34.8%	39.0%	36.5%	44.0%	44.7%
EBIT Margin	32.4%	30.3%	34.5%	38.4%	36.0%	43.3%	44.4%
Net Profit Margin	24.0%	28.2%	33.4%	36.0%	33.0%	40.3%	44.9%
Operating Expense % of Sales	2.0%	2.0%	1.1%	1.2%	0.3%	1.2%	5.0%
Returns
Return on Assets (ROA)	14.3%	16.6%	24.2%	16.9%	20.1%	30.3%	21.6%
Return on Equity (ROE)	17.2%	21.0%	25.9%	17.7%	20.3%	31.0%	22.6%
ROIC [EBIT / Invested Capital]	23.2%	27.7%	35.5%	28.3%	28.7%	39.2%	30.6%
Leverage & debt balances
Debt-to-Assets	11.6%	14.9%	0.0%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.14x	0.19x	0.00x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.59x	0.82x	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	82.7%	79.0%	93.4%	95.4%	99.0%	97.8%	95.8%
Net Debt	10	-813	-1,253	-2,021	-1,412	-1,178	-2,611
Cash & Equivalents	525	1,644	1,253	2,021	1,412	1,178	2,611
Total Debt	535	831	N/A	N/A	N/A	N/A	N/A
Liquidity & working capital
Current Ratio	6.40x	4.92x	18.73x	116.59x	184.03x	40.34x	23.47x
Quick Ratio	6.40x	3.27x	9.36x	116.59x	184.03x	40.34x	23.47x
Cash Ratio	0.91x	1.73x	5.21x	39.96x	47.83x	6.65x	6.60x
Total Current Assets	3,708	4,680	4,511	5,896	5,434	7,145	9,286
Total Current Liabilities	579	951	241	51	30	177	396
Inventory	N/A	1,570	2,257	N/A	N/A	N/A	N/A
Trade Receivables	1,692	963	798	1,089	968	2,508	2,247
Trade Payables	43	120	241	51	30	173	243
Net Working Capital	3,129	3,729	4,270	5,845	5,404	6,968	8,891
Net Working Capital % of Revenue	114.7%	113.2%	108.2%	195.3%	140.7%	116.6%	183.9%
Trade Working Capital	1,649	2,413	2,814	1,039	938	2,336	2,003
Trade Working Capital % of Revenue	60.4%	73.3%	71.3%	34.7%	24.4%	39.1%	41.4%
Change in Trade Working Capital	N/A	764	401	-1,775	-100	1,397	-332
Turnover & efficiency
Inventory Turnover	N/A	1.41x	1.12x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	259.1	325.5	N/A	N/A	N/A	N/A
Receivables Turnover	1.61x	3.42x	4.95x	2.75x	3.97x	2.38x	2.15x
Days Sales Outstanding (DSO)	226.4	106.7	73.8	132.8	92.0	153.2	169.6
Payables Turnover	40.84x	18.44x	10.51x	36.87x	82.28x	19.01x	9.99x
Days Payable Outstanding (DPO)	8.9	19.8	34.7	9.9	4.4	19.2	36.5
Cash Conversion Cycle	217.5 days	346.1 days	364.6 days	122.9 days	87.5 days	134.0 days	133.1 days
Asset Turnover	0.59x	0.59x	0.73x	0.47x	0.61x	0.75x	0.48x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	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
Dividend Payout Ratio	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.

Tornike

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