შპს ნორექსი

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	13.1%	18.3%	34.9%	18.8%	22.2%	24.8%	24.8%
EBITDA Margin	4.7%	7.4%	23.5%	1.1%	1.3%	5.4%	5.9%
EBITDAR	311	380	1,036	45	53	266	344
EBITDAR Margin	4.7%	7.4%	23.5%	1.1%	1.3%	5.4%	5.9%
EBIT Margin	4.2%	6.5%	22.3%	-1.7%	0.2%	4.7%	5.2%
Net Profit Margin	4.7%	7.4%	23.5%	1.1%	1.3%	5.0%	5.9%
Operating Expense % of Sales	8.4%	10.9%	11.5%	17.7%	20.9%	19.4%	18.9%
Returns
Return on Assets (ROA)	23.9%	24.9%	43.5%	2.2%	2.4%	18.1%	20.3%
Return on Equity (ROE)	24.4%	25.5%	43.7%	2.2%	2.5%	18.7%	20.6%
ROIC [EBIT / Invested Capital]	25.2%	30.0%	89.8%	-6.5%	0.8%	20.2%	20.4%
Leverage & debt balances
Debt-to-Assets	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
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	98.1%	97.6%	99.5%	99.8%	95.1%	96.6%	98.2%
Net Debt	-180	-381	-1,272	-968	-1,004	-184	-176
Cash & Equivalents	180	381	1,272	968	1,004	184	176
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Liquidity & working capital
Current Ratio	52.31x	41.30x	122.12x	326.88x	11.93x	9.83x	20.65x
Quick Ratio	52.31x	32.96x	100.46x	326.88x	11.93x	9.83x	20.65x
Cash Ratio	7.25x	10.28x	99.29x	266.73x	9.22x	4.00x	5.80x
Total Current Assets	1,297	1,530	1,565	1,187	1,298	453	626
Total Current Liabilities	25	37	13	4	109	46	30
Inventory	N/A	309	278	N/A	N/A	N/A	N/A
Trade Receivables	18	17	12	2	6	4	7
Trade Payables	14	16	7	4	109	28	26
Net Working Capital	1,272	1,493	1,552	1,183	1,189	407	595
Net Working Capital % of Revenue	19.2%	29.2%	35.1%	28.8%	27.9%	8.3%	10.2%
Trade Working Capital	4	309	283	-2	-103	-24	-19
Trade Working Capital % of Revenue	0.1%	6.1%	6.4%	-0.0%	-2.4%	-0.5%	-0.3%
Change in Trade Working Capital	N/A	305	-26	-285	-101	79	4
Turnover & efficiency
Inventory Turnover	N/A	13.52x	10.35x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	27.0	35.3	N/A	N/A	N/A	N/A
Receivables Turnover	362.63x	304.41x	353.92x	2325.89x	678.43x	1288.98x	815.88x
Days Sales Outstanding (DSO)	1.0	1.2	1.0	0.2	0.5	0.3	0.4
Payables Turnover	405.00x	257.88x	399.32x	917.16x	30.47x	134.19x	165.52x
Days Payable Outstanding (DPO)	0.9	1.4	0.9	0.4	12.0	2.7	2.2
Cash Conversion Cycle	0.1 days	26.8 days	35.4 days	-0.2 days	-11.4 days	-2.4 days	-1.8 days
Asset Turnover	5.10x	3.34x	1.85x	2.00x	1.93x	3.60x	3.43x
Cash flow & dividends
Operating Cash Flow	42	127	813	-374	35	-819	-8
Free Cash Flow (OCF − Capex proxy)	42	127	891	-304	35	-819	-8
Cash Conversion (OCF / EBITDA)	13.5%	33.3%	78.4%	-828.1%	66.1%	-307.6%	-2.5%
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 ₾ '000. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.

Ownership & group structure

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.

companyinfo.ge · fetched 2026-07-15

Shareholders

დავით სამსონაძე50.0%
ირინე ნიკურაძე50.0%

დავით სამსონაძეPartner / Shareholder50.0%ირინე ნიკურაძეPartner / Shareholder50.0%

Key metrics

Revenue & margins

Financial statements

Ownership & group structure

Shareholders

Directors & board