Loading…
* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 5,000 · FY2023 0 · FY2024 5,000 — 3-yr total 10,000
Georgian Railway-affiliated logistics and terminals operator, providing freight handling and intermodal services along the Caucasus transit corridor.
Subsidiary of Georgian Railway (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 18.8% | 21.5% | 19.5% | 11.3% | 11.9% | 13.8% | 7.8% | 9.4% |
| EBITDA Margin | 12.9% | 9.3% | 12.1% | -0.0% | 4.5% | 9.4% | 2.2% | 4.5% |
| EBITDAR | 2,098 | 3,863 | 7,482 | -17 | 3,163 | 12,500 | 3,326 | 6,531 |
| EBITDAR Margin | 12.9% | 9.3% | 12.1% | -0.0% | 4.5% | 9.4% | 2.2% | 4.5% |
| EBIT Margin | 9.4% | 3.5% | 7.2% | -6.2% | 0.7% | 7.4% | 0.4% | 2.8% |
| Net Profit Margin | -3.1% | 4.1% | 8.6% | -1.9% | 0.2% | 6.6% | 2.0% | 4.8% |
| Operating Expense % of Sales | 5.9% | 12.1% | 7.4% | 13.3% | 7.7% | 4.4% | 5.8% | 5.0% |
| Returns | ||||||||
| Return on Assets (ROA) | -2.3% | 2.3% | 6.3% | -1.2% | 0.2% | 10.1% | 3.4% | 7.0% |
| Return on Equity (ROE) | -2.5% | 2.4% | 7.0% | -1.4% | 0.2% | 11.7% | 4.0% | 8.7% |
| ROIC [EBIT / Invested Capital] | 8.4% | 2.2% | 6.6% | -5.1% | 0.8% | 17.2% | 1.1% | 9.1% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.00x | N/A | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity-to-Assets | 92.4% | 94.3% | 89.9% | 88.4% | 92.0% | 86.1% | 83.8% | 80.6% |
| Net Debt | -1,759 | -3,288 | -8,238 | -7,373 | -9,135 | -17,292 | -25,654 | -34,306 |
| Cash & Equivalents | 1,759 | 3,288 | 8,238 | 7,373 | 9,135 | 17,292 | 25,654 | 34,306 |
| Total Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Liquidity & working capital | ||||||||
| Current Ratio | 2.42x | 2.35x | 2.63x | 2.56x | 3.78x | 2.95x | 2.95x | 2.62x |
| Quick Ratio | 2.42x | 2.35x | 2.63x | 2.56x | 3.78x | 2.95x | 2.95x | 2.62x |
| Cash Ratio | 1.07x | 0.78x | 0.97x | 0.80x | 1.49x | 1.44x | 1.72x | 1.79x |
| Total Current Assets | 3,972 | 9,887 | 22,376 | 23,618 | 23,188 | 35,456 | 43,974 | 50,114 |
| Total Current Liabilities | 1,640 | 4,210 | 8,494 | 9,212 | 6,127 | 12,004 | 14,894 | 19,120 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Trade Receivables | 1,876 | 6,274 | 13,580 | 15,292 | 11,174 | 17,616 | 17,738 | 14,986 |
| Trade Payables | 835 | 3,205 | 7,546 | 8,229 | 3,560 | 4,718 | 12,294 | 16,762 |
| Net Working Capital | 2,332 | 5,677 | 13,882 | 14,406 | 17,061 | 23,452 | 29,080 | 30,994 |
| Net Working Capital % of Revenue | 14.3% | 13.7% | 22.5% | 27.9% | 24.3% | 17.7% | 19.1% | 21.5% |
| Trade Working Capital | 1,041 | 3,069 | 6,034 | 7,063 | 7,614 | 12,898 | 5,444 | -1,776 |
| Trade Working Capital % of Revenue | 6.4% | 7.4% | 9.8% | 13.7% | 10.8% | 9.7% | 3.6% | -1.2% |
| Change in Trade Working Capital | N/A | 2,028 | 2,965 | 1,029 | 551 | 5,284 | -7,454 | -7,220 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Receivables Turnover | 8.67x | 6.61x | 4.54x | 3.38x | 6.29x | 7.51x | 8.57x | 9.61x |
| Days Sales Outstanding (DSO) | 42.1 | 55.3 | 80.5 | 108.1 | 58.1 | 48.6 | 42.6 | 38.0 |
| Payables Turnover | 15.82x | 10.16x | 6.57x | 5.57x | 17.37x | 24.19x | 11.40x | 7.79x |
| Days Payable Outstanding (DPO) | 23.1 | 35.9 | 55.6 | 65.6 | 21.0 | 15.1 | 32.0 | 46.9 |
| Cash Conversion Cycle | 19.0 days | 19.3 days | 24.9 days | 42.5 days | 37.1 days | 33.5 days | 10.6 days | -8.9 days |
| Asset Turnover | 0.76x | 0.56x | 0.74x | 0.65x | 0.92x | 1.54x | 1.65x | 1.46x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 117 | 1,478 | 4,813 | -371 | 1,850 | 13,260 | 6,758 | 13,765 |
| Free Cash Flow (OCF − Capex proxy) | 117 | 1,398 | 4,683 | -1,791 | 1,871 | 13,944 | 8,468 | 12,648 |
| Cash Conversion (OCF / EBITDA) | 5.6% | 38.3% | 64.3% | N/A | 58.5% | 106.1% | 203.2% | 210.8% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 5,000 | 0 | 5,000 |
| Dividend Payout Ratio | N/A | 0.0% | 0.0% | N/A | 0.0% | 57.3% | 0.0% | 72.9% |
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.