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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 1,146 · FY2023 1,403 · FY2024 416 — 3-yr total 2,965
Private K-12 school in Tbilisi operating under the 'New School' brand.
Group parent — controls 1 company · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 90.0% | 89.4% | 99.8% | 97.4% | 99.6% | 100.0% | 100.0% | 100.0% |
| EBITDA Margin | 8.5% | 19.2% | 56.4% | 28.4% | 32.1% | 28.4% | 5.9% | -1.9% |
| EBITDAR | 666 | 2,132 | 13,260 | 3,863 | 4,316 | 3,787 | 651 | -217 |
| EBITDAR Margin | 8.5% | 19.2% | 56.4% | 28.4% | 32.1% | 28.4% | 5.9% | -1.9% |
| EBIT Margin | 5.2% | 16.6% | 55.2% | 25.3% | 30.1% | 24.6% | 1.4% | -6.5% |
| Net Profit Margin | 10.6% | 18.0% | 55.9% | 24.8% | 19.1% | 19.2% | 0.1% | -6.3% |
| Operating Expense % of Sales | 81.5% | 70.3% | 43.4% | 69.0% | 72.0% | 77.7% | 98.5% | 105.0% |
| Returns | ||||||||
| Return on Assets (ROA) | 10.0% | 19.7% | 131.6% | 27.1% | 19.6% | 18.4% | 0.1% | -4.6% |
| Return on Equity (ROE) | 13.9% | 29.4% | 273.6% | 38.1% | 23.9% | 31.8% | 0.1% | -8.1% |
| ROIC [EBIT / Invested Capital] | 20.1% | 118.8% | 389.8% | 57.3% | 71.2% | 281.3% | 3.2% | -31.1% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 0.0% | 27.0% | 22.2% | 14.1% | 8.4% | 3.1% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.56x | 0.31x | 0.17x | 0.15x | 0.05x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.20x | 0.71x | 0.43x | 0.31x | 0.72x | N/A |
| Equity-to-Assets | 72.1% | 66.9% | 48.1% | 71.2% | 82.1% | 57.9% | 67.3% | 56.8% |
| Net Debt | -3,954 | -5,227 | -1,467 | -2,860 | -5,042 | -6,875 | -5,245 | -6,547 |
| Cash & Equivalents | 3,954 | 5,227 | 4,159 | 5,618 | 6,886 | 8,046 | 5,715 | 6,547 |
| Total Debt | 0 | N/A | 2,692 | 2,758 | 1,845 | 1,171 | 470 | N/A |
| Liquidity & working capital | ||||||||
| Current Ratio | 1.96x | 27.69x | 2.08x | 4.19x | 5.71x | 1.61x | 1.35x | 1.13x |
| Quick Ratio | 1.96x | 27.69x | 1.93x | 4.16x | 5.68x | 1.60x | 1.34x | 1.12x |
| Cash Ratio | 1.80x | 25.70x | 1.67x | 3.50x | 5.15x | 1.50x | 1.22x | 0.99x |
| Total Current Assets | 4,296 | 5,632 | 5,164 | 6,733 | 7,637 | 8,630 | 6,326 | 7,479 |
| Total Current Liabilities | 2,195 | 203 | 2,488 | 1,607 | 1,336 | 5,364 | 4,672 | 6,622 |
| Inventory | N/A | N/A | 354 | 43 | 46 | 26 | 55 | 65 |
| Trade Receivables | 36 | 159 | 264 | 487 | 193 | 559 | 556 | 868 |
| Trade Payables | 52 | 89 | 61 | 24 | 21 | 4,647 | 4,099 | 6,513 |
| Net Working Capital | 2,101 | 5,429 | 2,677 | 5,126 | 6,300 | 3,266 | 1,653 | 858 |
| Net Working Capital % of Revenue | 26.8% | 48.8% | 11.4% | 37.7% | 46.8% | 24.5% | 15.1% | 7.4% |
| Trade Working Capital | -16 | 70 | 557 | 506 | 217 | -4,063 | -3,489 | -5,580 |
| Trade Working Capital % of Revenue | -0.2% | 0.6% | 2.4% | 3.7% | 1.6% | -30.5% | -31.9% | -48.5% |
| Change in Trade Working Capital | N/A | 86 | 487 | -51 | -289 | -4,280 | 574 | -2,091 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | N/A | 0.12x | 8.19x | 1.25x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | 3003.7 | 44.5 | 292.9 | N/A | N/A | N/A |
| Receivables Turnover | 220.43x | 69.86x | 88.96x | 27.89x | 69.74x | 23.87x | 19.69x | 13.27x |
| Days Sales Outstanding (DSO) | 1.7 | 5.2 | 4.1 | 13.1 | 5.2 | 15.3 | 18.5 | 27.5 |
| Payables Turnover | 15.14x | 13.17x | 0.71x | 14.87x | 2.67x | N/A | N/A | N/A |
| Days Payable Outstanding (DPO) | 24.1 | 27.7 | 515.4 | 24.6 | 136.9 | N/A | N/A | N/A |
| Cash Conversion Cycle | -22.4 days | -22.5 days | 2492.4 days | 33.1 days | 161.3 days | 15.3 days | 18.5 days | 27.5 days |
| Asset Turnover | 0.94x | 1.10x | 2.36x | 1.09x | 1.03x | 0.96x | 0.73x | 0.73x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | N/A | 1,273 | 88 | 1,610 | 2,794 | 3,348 | 184 | 1,705 |
| Free Cash Flow (OCF − Capex proxy) | N/A | 1,273 | 88 | 1,935 | 2,794 | 3,512 | -171 | 1,672 |
| Cash Conversion (OCF / EBITDA) | N/A | 59.7% | 0.7% | 41.7% | 64.7% | 88.4% | 28.3% | N/A |
| Dividends Declared | N/A | N/A | 0 | 1,187 | 685 | 1,146 | 1,403 | 416 |
| Dividend Payout Ratio | N/A | N/A | 0.0% | 35.2% | 26.7% | 44.8% | 18128.3% | 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).
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