Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
EBITDA Margin	-11.3%	-98.9%	-91.3%	14.6%	0.4%	-19.7%	-32.7%
EBITDAR	-134	-1,985	-993	181	8	-604	-961
EBITDAR Margin	-11.3%	-98.9%	-91.3%	14.6%	0.4%	-19.7%	-32.7%
EBIT Margin	-150.4%	-186.7%	-291.8%	-138.6%	-85.4%	-81.9%	-95.6%
Net Profit Margin	-98.9%	1884.1%	428.9%	-87.3%	-118.0%	-20.9%	-20.2%
Operating Expense % of Sales	111.3%	198.9%	191.3%	85.4%	99.6%	119.7%	132.7%
Returns
Return on Assets (ROA)	-2.0%	40.0%	4.7%	-1.1%	-2.7%	-0.7%	-0.7%
Return on Equity (ROE)	-2.5%	42.1%	4.9%	-1.2%	-2.8%	-0.7%	-0.9%
ROIC [EBIT / Invested Capital]	-3.2%	-4.1%	-3.3%	-1.8%	-2.0%	-2.8%	-3.7%
Leverage & debt balances
Debt-to-Assets	13.8%	2.2%	2.2%	2.0%	2.0%	2.1%	10.5%
Debt-to-Equity	0.17x	0.02x	0.02x	0.02x	0.02x	0.02x	0.12x
Debt-to-EBITDA	N/A	N/A	N/A	11.09x	241.67x	N/A	N/A
Equity-to-Assets	82.7%	95.1%	94.6%	94.4%	94.4%	93.2%	84.8%
Net Debt	7,748	671	1,355	1,817	1,709	1,584	8,104
Cash & Equivalents	173	1,365	813	184	237	398	419
Total Debt	7,921	2,036	2,167	2,001	1,946	1,983	8,523
Liquidity & working capital
Current Ratio	1.93x	15.34x	1.51x	1.54x	1.44x	1.02x	1.44x
Quick Ratio	1.93x	15.34x	1.51x	1.54x	1.44x	1.02x	1.44x
Cash Ratio	0.08x	0.61x	0.29x	0.06x	0.08x	0.09x	0.11x
Total Current Assets	4,010	34,277	4,253	4,818	4,398	4,470	5,525
Total Current Liabilities	2,077	2,235	2,819	3,128	3,053	4,387	3,825
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Trade Receivables	1,835	31,630	2,497	4,486	4,104	3,725	4,912
Trade Payables	2,052	2,209	2,794	3,103	3,028	4,387	3,825
Net Working Capital	1,932	32,043	1,434	1,690	1,345	82	1,700
Net Working Capital % of Revenue	163.4%	1597.3%	131.8%	136.7%	61.9%	2.7%	57.8%
Trade Working Capital	-217	29,421	-297	1,382	1,077	-662	1,088
Trade Working Capital % of Revenue	-18.3%	1466.6%	-27.3%	111.8%	49.6%	-21.6%	37.0%
Change in Trade Working Capital	N/A	29,638	-29,718	1,680	-306	-1,739	1,749
Turnover & efficiency
Inventory Turnover	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
Receivables Turnover	0.64x	0.06x	0.44x	0.28x	0.53x	0.82x	0.60x
Days Sales Outstanding (DSO)	566.6	5755.2	837.4	1323.9	690.0	444.0	609.9
Payables Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion Cycle	566.6 days	5755.2 days	837.4 days	1323.9 days	690.0 days	444.0 days	609.9 days
Asset Turnover	0.02x	0.02x	0.01x	0.01x	0.02x	0.03x	0.04x
Cash flow & dividends
Operating Cash Flow	-123	199	-813	-577	504	864	N/A
Free Cash Flow (OCF − Capex proxy)	-4,091	25,120	-2,432	-2,222	-832	-5,518	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	-319.8%	6254.9%	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.

companyinfo.ge · fetched 2026-07-15

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.

Shareholders

Shezghuduli Pasukhismgeblobis Sazogadoeba SRG Rial Isteit100.0%

Shezghuduli Pasukhismgeblobis Sazogadoeba SRG Rial Isteitშეზღუდული პასუხისმგებლობის საზოგადოება ესარჯი რიალ ისთეითcompanyPartner / Shareholder100.0%

Group structure

Controlled by

SRG Real Estateშეზღუდული პასუხისმგებლობის საზოგადოება ესარჯი რიალ ისთეით100.0%

Files separately from 1 subsidiary

Key statistics

About

Revenue & margins

Financial statements

Ownership & group structure

Shareholders

Group structure

Directors & board