Pitusako (შპს პითუსაკო)

panel 2026-09-21Ask

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	21.4%	20.5%	24.0%	26.6%	26.7%	22.7%	26.1%
EBITDA Margin	17.9%	16.5%	15.0%	16.5%	22.5%	17.3%	20.7%
EBITDAR	753	1,021	921	1,054	1,853	1,443	1,780
EBITDAR Margin	17.9%	16.5%	15.0%	16.5%	22.5%	17.3%	20.7%
EBIT Margin	16.2%	14.4%	13.8%	14.7%	21.2%	16.0%	18.6%
Net Profit Margin	15.4%	10.6%	6.9%	20.2%	23.1%	14.7%	16.2%
Operating Expense % of Sales	3.6%	4.0%	9.0%	10.1%	4.2%	5.3%	5.4%
Returns
Return on Assets (ROA)	13.0%	11.2%	6.9%	18.8%	27.1%	17.4%	14.7%
Return on Equity (ROE)	53.2%	34.9%	18.5%	35.9%	40.6%	23.0%	25.5%
ROIC [EBIT / Invested Capital]	22.5%	22.5%	16.1%	15.5%	28.0%	21.5%	19.8%
Leverage & debt balances
Debt-to-Assets	39.9%	43.9%	52.2%	38.4%	22.9%	14.4%	29.3%
Debt-to-Equity	1.64x	1.37x	1.40x	0.73x	0.34x	0.19x	0.51x
Debt-to-EBITDA	2.66x	2.52x	3.51x	2.50x	0.87x	0.70x	1.56x
Equity-to-Assets	24.4%	32.0%	37.2%	52.3%	66.6%	75.9%	57.7%
Net Debt	1,823	2,085	2,923	2,454	1,544	864	2,596
Cash & Equivalents	178	485	307	183	63	148	178
Total Debt	2,001	2,571	3,230	2,637	1,606	1,012	2,774
Liquidity & working capital
Current Ratio	1.99x	1.99x	2.03x	2.06x	4.45x	11.61x	53.45x
Quick Ratio	1.99x	1.46x	1.30x	2.06x	4.45x	11.61x	53.45x
Cash Ratio	0.17x	0.32x	0.18x	0.09x	0.06x	0.65x	3.30x
Total Current Assets	2,052	3,036	3,492	4,281	4,556	2,623	2,885
Total Current Liabilities	1,033	1,524	1,720	2,080	1,023	226	54
Inventory	N/A	803	1,264	N/A	N/A	N/A	N/A
Trade Receivables	1,141	1,748	1,922	2,426	2,314	2,623	2,885
Trade Payables	531	325	46	582	741	457	1,175
Net Working Capital	1,019	1,511	1,772	2,201	3,533	2,397	2,831
Net Working Capital % of Revenue	24.2%	24.5%	28.9%	34.5%	42.9%	28.8%	33.0%
Trade Working Capital	610	2,225	3,139	1,844	1,573	2,165	1,710
Trade Working Capital % of Revenue	14.5%	36.0%	51.2%	28.9%	19.1%	26.0%	19.9%
Change in Trade Working Capital	N/A	1,615	914	-1,295	-271	592	-455
Turnover & efficiency
Inventory Turnover	N/A	6.12x	3.69x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	59.7	99.0	N/A	N/A	N/A	N/A
Receivables Turnover	3.69x	3.53x	3.19x	2.63x	3.55x	3.18x	2.98x
Days Sales Outstanding (DSO)	98.8	103.3	114.4	138.7	102.7	114.9	122.7
Payables Turnover	6.24x	15.08x	100.67x	8.05x	8.14x	14.08x	5.40x
Days Payable Outstanding (DPO)	58.5	24.2	3.6	45.3	44.9	25.9	67.6
Cash Conversion Cycle	40.3 days	138.8 days	209.7 days	93.3 days	57.8 days	89.0 days	55.1 days
Asset Turnover	0.84x	1.05x	0.99x	0.93x	1.17x	1.19x	0.91x
Cash flow & dividends
Operating Cash Flow	-242	712	634	646	1,174	955	1,055
Free Cash Flow (OCF − Capex proxy)	-1,832	712	634	646	1,174	955	-244
Cash Conversion (OCF / EBITDA)	-32.1%	69.7%	68.8%	61.3%	63.4%	66.2%	59.3%
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.

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