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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 11,689 · FY2024 6,200 — 3-yr total 17,889
JSC Elit Electronics is one of Georgia's largest consumer-electronics and home-appliance retailers. Operates a chain of stores across Tbilisi and major regional cities, plus an online channel; sells phones, computers, TVs and white-goods from major global brands.
Group parent — controls 1 company · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 21.9% | 21.4% | 20.0% | 20.8% | 21.5% | 21.6% | 18.0% | 18.8% |
| EBITDA Margin | 6.2% | 4.4% | 5.2% | 6.6% | 8.1% | 8.1% | 0.6% | 2.3% |
| EBITDAR | 11,479 | 8,002 | 9,146 | 12,058 | 19,692 | 22,868 | 2,107 | 8,191 |
| EBITDAR Margin | 6.2% | 4.4% | 5.2% | 6.6% | 8.1% | 8.1% | 0.6% | 2.3% |
| EBIT Margin | 6.2% | 4.4% | 5.2% | 6.6% | 8.1% | 8.1% | 0.6% | 2.3% |
| Net Profit Margin | 5.3% | 3.1% | 0.7% | 2.6% | 6.9% | 7.5% | -1.7% | 0.6% |
| Operating Expense % of Sales | 15.7% | 17.0% | 14.9% | 14.2% | 13.5% | 13.5% | 17.4% | 16.5% |
| Returns | ||||||||
| Return on Assets (ROA) | 17.4% | 9.9% | 1.3% | 5.6% | 17.2% | 17.4% | -3.6% | 1.4% |
| Return on Equity (ROE) | N/A | N/A | 103.9% | 79.5% | 74.0% | 48.1% | -21.5% | 10.2% |
| ROIC [EBIT / Invested Capital] | N/A | N/A | 21.0% | 29.9% | 40.1% | 36.5% | 2.6% | 9.7% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 1.5% | 4.6% | 47.2% | 43.2% | 40.5% | 38.4% | 40.6% | 45.7% |
| Debt-to-Equity | -0.15x | -55.72x | 37.36x | 6.17x | 1.74x | 1.06x | 2.39x | 3.26x |
| Debt-to-EBITDA | 0.07x | 0.33x | 4.94x | 3.03x | 2.01x | 2.03x | 30.01x | 8.98x |
| Equity-to-Assets | -10.2% | -0.1% | 1.3% | 7.0% | 23.2% | 36.2% | 17.0% | 14.0% |
| Net Debt | -6,522 | -728 | 42,240 | 34,395 | 26,369 | 18,928 | 55,471 | 62,320 |
| Cash & Equivalents | 7,368 | 3,347 | 2,968 | 2,081 | 13,205 | 27,608 | 7,756 | 11,261 |
| Total Debt | 846 | 2,619 | 45,208 | 36,476 | 39,574 | 46,536 | 63,227 | 73,581 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.91x | 1.02x | 0.88x | 1.03x | 1.33x | 1.57x | 1.08x | 1.03x |
| Quick Ratio | 0.28x | 0.22x | -686.24x | 0.20x | 0.50x | 0.84x | 0.36x | 0.38x |
| Cash Ratio | 0.13x | 0.07x | 47.16x | 0.04x | 0.27x | 0.49x | 0.07x | 0.09x |
| Total Current Assets | 50,679 | 50,894 | 55 | 50,949 | 65,189 | 88,511 | 112,596 | 124,648 |
| Total Current Liabilities | 55,962 | 50,009 | 63 | 49,498 | 48,931 | 56,304 | 103,972 | 121,167 |
| Inventory | 34,966 | 39,825 | 43,247 | 41,058 | 40,658 | 41,425 | 74,816 | 78,474 |
| Trade Receivables | 8,345 | 7,722 | 9,036 | 7,810 | 11,326 | 19,478 | 30,024 | 34,913 |
| Trade Payables | 43,539 | 44,408 | 40,706 | 37,409 | 32,103 | 30,414 | 65,611 | 64,662 |
| Net Working Capital | -5,283 | 885 | -8 | 1,451 | 16,258 | 32,207 | 8,624 | 3,481 |
| Net Working Capital % of Revenue | -2.9% | 0.5% | -0.0% | 0.8% | 6.7% | 11.4% | 2.6% | 1.0% |
| Trade Working Capital | -228 | 3,139 | 11,577 | 11,459 | 19,881 | 30,489 | 39,229 | 48,725 |
| Trade Working Capital % of Revenue | -0.1% | 1.7% | 6.5% | 6.3% | 8.1% | 10.8% | 11.7% | 13.7% |
| Change in Trade Working Capital | N/A | 3,367 | 8,438 | -118 | 8,422 | 10,608 | 8,740 | 9,496 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 4.13x | 3.56x | 3.28x | 3.50x | 4.71x | 5.34x | 3.67x | 3.68x |
| Days Inventory Outstanding (DIO) | 88.5 | 102.6 | 111.4 | 104.2 | 77.5 | 68.3 | 99.5 | 99.3 |
| Receivables Turnover | 22.14x | 23.34x | 19.61x | 23.27x | 21.56x | 14.49x | 11.16x | 10.18x |
| Days Sales Outstanding (DSO) | 16.5 | 15.6 | 18.6 | 15.7 | 16.9 | 25.2 | 32.7 | 35.8 |
| Payables Turnover | 3.31x | 3.19x | 3.48x | 3.85x | 5.97x | 7.27x | 4.18x | 4.46x |
| Days Payable Outstanding (DPO) | 110.1 | 114.4 | 104.8 | 94.9 | 61.2 | 50.2 | 87.2 | 81.8 |
| Cash Conversion Cycle | -5.2 days | 3.8 days | 25.2 days | 24.9 days | 33.2 days | 43.4 days | 45.0 days | 53.3 days |
| Asset Turnover | 3.28x | 3.13x | 1.85x | 2.15x | 2.50x | 2.33x | 2.15x | 2.21x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 3,294 | 4,017 | -3,125 | 9,604 | 10,359 | 9,536 | -11,290 | -4,975 |
| Free Cash Flow (OCF − Capex proxy) | 3,294 | 1,722 | -4,351 | 8,927 | 9,554 | 6,591 | -14,419 | -7,091 |
| Cash Conversion (OCF / EBITDA) | 28.7% | 50.2% | -34.2% | 79.6% | 52.6% | 41.7% | -535.8% | -60.7% |
| Dividends Declared | N/A | N/A | 0 | 0 | 0 | 0 | 11,689 | 6,200 |
| Dividend Payout Ratio | N/A | N/A | 0.0% | 0.0% | 0.0% | 0.0% | N/A | 270.3% |
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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