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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Alcoholic Beverages — Distribution. Per the activity note to the FY2024 annual report, the group provides customs warehouse services and carries out wholesale distribution of alcoholic beverages. Registered in 2007; 100% owned by Mandalore Limited (Cyprus) as of 2024; operates with ~34 employees.
Subsidiary of Shezghuduli Pasukhismgeblobis Sazogadoeba Mandalor Limitid (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 37.8% | 33.2% | 33.2% | 32.4% | 27.0% | 33.1% | 25.5% |
| EBITDA Margin | 12.0% | 45.8% | 34.9% | 35.0% | 27.7% | 17.2% | 14.8% |
| EBITDAR | 336 | 1,649 | 769 | 1,219 | 830 | 598 | 528 |
| EBITDAR Margin | 15.0% | 47.9% | 39.1% | 37.7% | 30.5% | 19.4% | 17.2% |
| EBIT Margin | 11.5% | 45.5% | 34.7% | 34.9% | 27.6% | 17.2% | 14.8% |
| Net Profit Margin | 11.9% | 45.9% | 36.1% | 34.9% | 30.1% | 20.9% | 13.7% |
| Operating Expense % of Sales | 25.8% | 12.6% | 1.7% | 2.6% | 0.6% | 16.0% | 10.7% |
| Returns | |||||||
| Return on Assets (ROA) | 24.1% | 61.3% | 23.0% | 32.3% | 18.9% | 38.0% | 11.9% |
| Return on Equity (ROE) | 34.2% | 66.9% | 23.1% | 34.4% | 20.0% | 42.7% | 21.9% |
| ROIC [EBIT / Invested Capital] | 33.1% | 67.2% | 22.5% | 34.5% | 18.4% | 35.1% | 15.5% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 28.7% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.53x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.24x |
| Equity-to-Assets | 70.4% | 91.7% | 99.6% | 93.7% | 94.4% | 88.9% | 54.3% |
| Net Debt | -1 | -34 | -39 | -10 | -8 | -6 | 1,011 |
| Cash & Equivalents | 1 | 34 | 39 | 10 | 8 | 6 | 8 |
| Total Debt | N/A | N/A | N/A | N/A | N/A | N/A | 1,019 |
| Liquidity & working capital | |||||||
| Current Ratio | 3.19x | 1.54x | 9.26x | 0.89x | 1.04x | 2.88x | 2.10x |
| Quick Ratio | 3.19x | 1.53x | 8.68x | 0.89x | 1.04x | 2.88x | 2.10x |
| Cash Ratio | 0.00x | 0.16x | 2.95x | 0.04x | 0.03x | 0.03x | 0.00x |
| Total Current Assets | 1,050 | 330 | 124 | 198 | 251 | 542 | 3,399 |
| Total Current Liabilities | 329 | 214 | 13 | 222 | 241 | 188 | 1,622 |
| Inventory | N/A | 3 | 8 | N/A | N/A | N/A | N/A |
| Trade Receivables | 769 | 283 | 65 | 149 | 155 | 301 | 583 |
| Trade Payables | 322 | 213 | 12 | 222 | 241 | 188 | 559 |
| Net Working Capital | 721 | 117 | 111 | -24 | 9 | 354 | 1,777 |
| Net Working Capital % of Revenue | 32.2% | 3.4% | 5.6% | -0.7% | 0.3% | 11.5% | 57.8% |
| Trade Working Capital | 447 | 73 | 60 | -73 | -87 | 114 | 24 |
| Trade Working Capital % of Revenue | 19.9% | 2.1% | 3.1% | -2.2% | -3.2% | 3.7% | 0.8% |
| Change in Trade Working Capital | N/A | -374 | -12 | -133 | -14 | 200 | -89 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 862.05x | 168.48x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 0.4 | 2.2 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 2.92x | 12.15x | 30.42x | 21.74x | 17.60x | 10.20x | 5.27x |
| Days Sales Outstanding (DSO) | 125.2 | 30.0 | 12.0 | 16.8 | 20.7 | 35.8 | 69.3 |
| Payables Turnover | 4.33x | 10.78x | 110.38x | 9.87x | 8.23x | 10.94x | 4.09x |
| Days Payable Outstanding (DPO) | 84.3 | 33.8 | 3.3 | 37.0 | 44.3 | 33.3 | 89.2 |
| Cash Conversion Cycle | 40.9 days | -3.4 days | 10.9 days | -20.2 days | -23.6 days | 2.4 days | -19.9 days |
| Asset Turnover | 2.02x | 1.34x | 0.64x | 0.92x | 0.63x | 1.81x | 0.87x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 172 | 1,968 | 454 | 937 | 448 | 242 | -2,155 |
| Free Cash Flow (OCF − Capex proxy) | 169 | 1,957 | 452 | 943 | 424 | 365 | -1,227 |
| Cash Conversion (OCF / EBITDA) | 64.1% | 125.0% | 66.3% | 82.7% | 59.5% | 45.9% | -473.1% |
| 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.
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).
Ranked by how close each latest revenue is to this one — not a curated comp set.