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Operates in Tech & IT — Software. Per the activity note to the FY2024 annual report, the company develops and provides software maintenance and support services.
Group parent — controls 1 company · ownership
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 28.3% | 41.5% | 60.8% | 63.2% | 91.1% | 75.6% | 72.6% |
| EBITDA Margin | 19.4% | 13.6% | 23.3% | 7.8% | -36.8% | 14.2% | 14.6% |
| EBITDAR | 1,999 | 673 | 1,447 | 1,006 | -1,632 | 2,341 | 3,421 |
| EBITDAR Margin | 19.8% | 14.3% | 23.9% | 8.6% | -35.9% | 14.6% | 14.9% |
| EBIT Margin | 18.8% | 12.2% | 21.7% | 6.8% | -39.4% | 12.4% | 13.2% |
| Net Profit Margin | 19.7% | 14.1% | 23.4% | 6.0% | -34.6% | 12.4% | 12.9% |
| Operating Expense % of Sales | 9.0% | 28.0% | 37.5% | 55.4% | 127.9% | 61.4% | 58.1% |
| Returns | |||||||
| Return on Assets (ROA) | 30.9% | 12.8% | 26.8% | 7.7% | -9.1% | 11.4% | 13.8% |
| Return on Equity (ROE) | 73.1% | 19.6% | 29.5% | 15.2% | -26.2% | 24.9% | 27.0% |
| ROIC [EBIT / Invested Capital] | 146.3% | 31.8% | 28.3% | 14.9% | -23.8% | 20.6% | 20.6% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 0.0% | 0.0% | 5.9% | 20.1% | 28.6% | 30.4% | 21.1% |
| Debt-to-Equity | 0.00x | 0.00x | 0.06x | 0.40x | 0.82x | 0.67x | 0.41x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.22x | 2.00x | N/A | 2.34x | 1.36x |
| Equity-to-Assets | 42.3% | 65.4% | 91.0% | 50.7% | 34.9% | 45.7% | 50.9% |
| Net Debt | -1,434 | -1,586 | -158 | 691 | 1,525 | 1,590 | 3,715 |
| Cash & Equivalents | 1,434 | 1,586 | 469 | 1,133 | 3,404 | 3,728 | 826 |
| Total Debt | N/A | N/A | 311 | 1,824 | 4,929 | 5,318 | 4,540 |
| Liquidity & working capital | |||||||
| Current Ratio | 1.43x | 1.65x | 4.39x | 1.12x | 1.02x | 1.35x | 1.06x |
| Quick Ratio | 1.43x | 1.30x | 3.08x | 0.93x | 1.02x | 1.35x | 1.06x |
| Cash Ratio | 0.38x | 0.89x | 0.99x | 0.25x | 0.32x | 0.49x | 0.08x |
| Total Current Assets | 5,311 | 2,930 | 2,090 | 5,006 | 10,846 | 10,228 | 11,041 |
| Total Current Liabilities | 3,725 | 1,775 | 476 | 4,487 | 10,642 | 7,578 | 10,390 |
| Inventory | N/A | 626 | 626 | 833 | N/A | N/A | N/A |
| Trade Receivables | 1,655 | 271 | 852 | 1,662 | 2,976 | 1,206 | 1,379 |
| Trade Payables | 1,833 | 193 | 28 | 2,262 | 1,667 | 1,717 | 1,837 |
| Net Working Capital | 1,586 | 1,155 | 1,614 | 519 | 204 | 2,650 | 651 |
| Net Working Capital % of Revenue | 15.7% | 24.5% | 26.6% | 4.4% | 4.5% | 16.6% | 2.8% |
| Trade Working Capital | -177 | 704 | 1,450 | 233 | 1,309 | -511 | -458 |
| Trade Working Capital % of Revenue | -1.8% | 15.0% | 23.9% | 2.0% | 28.8% | -3.2% | -2.0% |
| Change in Trade Working Capital | N/A | 882 | 745 | -1,216 | 1,075 | -1,819 | 53 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 4.40x | 3.79x | 5.17x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 83.0 | 96.2 | 70.7 | N/A | N/A | N/A |
| Receivables Turnover | 6.11x | 17.36x | 7.11x | 7.04x | 1.53x | 13.27x | 16.65x |
| Days Sales Outstanding (DSO) | 59.7 | 21.0 | 51.3 | 51.9 | 238.8 | 27.5 | 21.9 |
| Payables Turnover | 3.96x | 14.29x | 84.55x | 1.90x | 0.24x | 2.27x | 3.42x |
| Days Payable Outstanding (DPO) | 92.2 | 25.5 | 4.3 | 191.8 | 1501.4 | 160.7 | 106.7 |
| Cash Conversion Cycle | -32.5 days | 78.4 days | 143.2 days | -69.2 days | -1262.6 days | -133.2 days | -84.8 days |
| Asset Turnover | 1.57x | 0.91x | 1.15x | 1.28x | 0.26x | 0.91x | 1.07x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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).
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