Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	8.1%	-10.7%	-36.6%	17.6%	34.3%	30.1%	20.1%
EBITDA Margin	-72.5%	-48.3%	-302.8%	-68.2%	-28.4%	-15.1%	-34.4%
EBITDAR	-925	-660	-1,223	-737	-397	-240	-525
EBITDAR Margin	-72.5%	-48.3%	-302.8%	-68.2%	-28.4%	-15.1%	-34.4%
EBIT Margin	-92.0%	-64.9%	-352.0%	-83.9%	-71.1%	-15.1%	-48.6%
Net Profit Margin	-72.0%	-46.6%	-302.9%	-68.2%	-71.1%	-15.1%	-48.6%
Operating Expense % of Sales	80.6%	37.6%	266.2%	85.8%	62.7%	45.1%	54.5%
Returns
Return on Assets (ROA)	-36.6%	-23.6%	-49.7%	-30.3%	-50.4%	-7.9%	-25.0%
Return on Equity (ROE)	-40.2%	-25.2%	-51.9%	-34.5%	-62.4%	-10.2%	-28.5%
ROIC [EBIT / Invested Capital]	-53.5%	-35.5%	-60.8%	-42.9%	-63.3%	-10.4%	-28.8%
Leverage & debt balances
Debt-to-Assets	0.1%	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	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Equity-to-Assets	91.2%	93.7%	95.9%	87.7%	80.7%	77.6%	88.0%
Net Debt	-93	-28	-20	-23	-22	-45	-33
Cash & Equivalents	95	28	20	23	22	45	33
Total Debt	2	N/A	N/A	N/A	N/A	N/A	N/A
Liquidity & working capital
Current Ratio	4.95x	6.79x	13.66x	4.82x	3.96x	3.38x	3.10x
Quick Ratio	4.95x	5.80x	11.51x	4.17x	3.96x	3.38x	3.10x
Cash Ratio	0.44x	0.16x	0.20x	0.08x	0.06x	0.07x	0.09x
Total Current Assets	1,062	1,163	1,375	1,442	1,505	2,296	1,105
Total Current Liabilities	215	171	101	299	380	680	357
Inventory	N/A	169	216	194	N/A	N/A	N/A
Trade Receivables	524	553	635	751	1,282	2,019	828
Trade Payables	209	171	101	299	380	680	357
Net Working Capital	848	992	1,274	1,143	1,125	1,616	748
Net Working Capital % of Revenue	66.4%	72.6%	315.4%	105.8%	80.5%	101.6%	49.0%
Trade Working Capital	314	551	751	645	902	1,339	471
Trade Working Capital % of Revenue	24.6%	40.3%	185.8%	59.8%	64.6%	84.2%	30.8%
Change in Trade Working Capital	N/A	236	200	-105	257	437	-869
Turnover & efficiency
Inventory Turnover	N/A	8.94x	2.56x	4.59x	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	40.8	142.8	79.5	N/A	N/A	N/A
Receivables Turnover	2.44x	2.47x	0.64x	1.44x	1.09x	0.79x	1.84x
Days Sales Outstanding (DSO)	149.8	147.6	574.0	253.8	334.9	463.2	197.9
Payables Turnover	5.60x	8.84x	5.48x	2.97x	2.42x	1.64x	3.42x
Days Payable Outstanding (DPO)	65.2	41.3	66.6	122.8	151.1	222.9	106.9
Cash Conversion Cycle	84.6 days	147.1 days	650.3 days	210.5 days	183.8 days	240.3 days	91.0 days
Asset Turnover	0.51x	0.51x	0.16x	0.44x	0.71x	0.53x	0.51x
Cash flow & dividends
Operating Cash Flow	-949	-850	-1,158	-481	-445	-369	N/A
Free Cash Flow (OCF − Capex proxy)	-949	-850	-1,200	-554	-573	-369	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.

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%

Key statistics

About

Revenue & margins

Financial statements

Ownership & group structure

Shareholders

Group structure

Directors & board