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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
Historic Kutaisi automotive / automotive-components manufacturing plant in Imereti. Successor to the Soviet-era KAZ truck and parts operations.
Subsidiary of Shezghuduli Pasukhismgeblobis Sazogadoeba Gardabani Holdingz Pi-Pi Bi.vi (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 18.1% | 28.8% | 30.2% | 40.6% | 32.9% | 43.8% | 40.0% |
| EBITDA Margin | -1.5% | 0.9% | -8.2% | 7.8% | -0.7% | 17.6% | 9.5% |
| EBITDAR | -76 | 57 | -397 | 447 | -39 | 1,265 | 617 |
| EBITDAR Margin | -1.5% | 0.9% | -8.2% | 7.8% | -0.7% | 17.6% | 9.5% |
| EBIT Margin | -4.5% | -1.5% | -11.3% | 4.9% | -3.8% | 15.3% | 7.0% |
| Net Profit Margin | -2.0% | 1.5% | 4.5% | 28.5% | 26.9% | 1.6% | 11.4% |
| Operating Expense % of Sales | 19.5% | 27.9% | 38.4% | 32.8% | 33.6% | 26.2% | 30.5% |
| Returns | |||||||
| Return on Assets (ROA) | -0.9% | 0.9% | 2.0% | 12.0% | 10.9% | 0.8% | 4.6% |
| Return on Equity (ROE) | -1.2% | 1.2% | 2.5% | 15.5% | 12.1% | 1.0% | 5.7% |
| ROIC [EBIT / Invested Capital] | -2.2% | -1.0% | -5.9% | 2.8% | -1.8% | 9.4% | 3.5% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 16.6% | 10.2% | 8.0% | 3.6% | 0.0% | 0.0% | 2.0% |
| Debt-to-Equity | 0.23x | 0.13x | 0.10x | 0.05x | 0.00x | 0.00x | 0.02x |
| Debt-to-EBITDA | N/A | 19.46x | N/A | 1.11x | N/A | 0.00x | 0.52x |
| Equity-to-Assets | 74.0% | 79.9% | 79.6% | 77.1% | 89.8% | 81.6% | 79.7% |
| Net Debt | 1,828 | 1,083 | 431 | -388 | -596 | -377 | 139 |
| Cash & Equivalents | 131 | 26 | 465 | 885 | 596 | 377 | 182 |
| Total Debt | 1,959 | 1,109 | 896 | 497 | N/A | N/A | 321 |
| Liquidity & working capital | |||||||
| Current Ratio | 2.18x | 2.86x | 2.50x | 2.42x | 5.63x | 3.34x | 2.88x |
| Quick Ratio | 1.05x | 1.18x | 1.14x | 1.74x | 4.04x | 2.57x | 1.75x |
| Cash Ratio | 0.07x | 0.02x | 0.30x | 0.28x | 0.44x | 0.14x | 0.06x |
| Total Current Assets | 3,970 | 3,330 | 3,908 | 7,621 | 7,680 | 9,157 | 9,410 |
| Total Current Liabilities | 1,819 | 1,166 | 1,563 | 3,148 | 1,365 | 2,740 | 3,270 |
| Inventory | 2,065 | 1,958 | 2,133 | 2,137 | 2,164 | 2,112 | 3,690 |
| Trade Receivables | 1,528 | 1,120 | 1,168 | 3,239 | 3,481 | 3,562 | 2,186 |
| Trade Payables | 915 | 855 | 1,117 | 513 | 479 | 465 | 2,952 |
| Net Working Capital | 2,151 | 2,164 | 2,345 | 4,473 | 6,315 | 6,417 | 6,140 |
| Net Working Capital % of Revenue | 41.3% | 32.5% | 48.1% | 77.6% | 116.7% | 89.1% | 94.6% |
| Trade Working Capital | 2,678 | 2,223 | 2,184 | 4,863 | 5,166 | 5,209 | 2,924 |
| Trade Working Capital % of Revenue | 51.4% | 33.4% | 44.8% | 84.4% | 95.5% | 72.3% | 45.1% |
| Change in Trade Working Capital | N/A | -455 | -39 | 2,679 | 303 | 43 | -2,285 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 2.07x | 2.42x | 1.59x | 1.60x | 1.68x | 1.92x | 1.06x |
| Days Inventory Outstanding (DIO) | 176.5 | 150.9 | 229.1 | 227.7 | 217.4 | 190.4 | 345.9 |
| Receivables Turnover | 3.41x | 5.94x | 4.17x | 1.78x | 1.55x | 2.02x | 2.97x |
| Days Sales Outstanding (DSO) | 107.0 | 61.5 | 87.5 | 205.1 | 234.8 | 180.5 | 122.9 |
| Payables Turnover | 4.67x | 5.54x | 3.04x | 6.68x | 7.58x | 8.71x | 1.32x |
| Days Payable Outstanding (DPO) | 78.2 | 65.9 | 120.0 | 54.7 | 48.1 | 41.9 | 276.7 |
| Cash Conversion Cycle | 205.3 days | 146.5 days | 196.7 days | 378.2 days | 404.1 days | 329.0 days | 192.1 days |
| Asset Turnover | 0.44x | 0.61x | 0.43x | 0.42x | 0.40x | 0.48x | 0.40x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | -25 | 931 | 854 | 1,796 | 221 | 1,368 | 493 |
| Free Cash Flow (OCF − Capex proxy) | -1,968 | 823 | 641 | 829 | 205 | -214 | -506 |
| Cash Conversion (OCF / EBITDA) | N/A | 1633.3% | N/A | 401.8% | N/A | 108.1% | 79.9% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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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