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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 5,227 · FY2023 747 · FY2024 5,976 — 3-yr total 11,949
Operates in Tech & IT — IT Services. Per the activity note to the FY2024 annual report, the group sells and installs queue-management and video-surveillance systems, supplies, implements and supports information technology, and trades in banking equipment and assorted electrical goods.
Group parent — controls 3 companies · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 24.8% | 24.4% | 20.4% | 35.5% | 27.8% | 20.1% | 23.9% | 25.4% |
| EBITDA Margin | 19.9% | 12.5% | 9.6% | 16.2% | 14.3% | 14.0% | 14.0% | 17.2% |
| EBITDAR | 2,711 | 2,683 | 1,812 | 1,089 | 7,799 | 7,447 | 8,763 | 13,073 |
| EBITDAR Margin | 19.9% | 12.5% | 9.6% | 16.2% | 14.3% | 14.0% | 14.0% | 17.2% |
| EBIT Margin | 18.6% | 11.8% | 8.6% | 13.8% | 13.5% | 13.0% | 13.0% | 16.3% |
| Net Profit Margin | 5.6% | 8.0% | 6.9% | 22.4% | 10.7% | 7.7% | 9.9% | 11.1% |
| Operating Expense % of Sales | 4.9% | 11.9% | 10.8% | 19.3% | 13.6% | 6.2% | 9.9% | 8.2% |
| Returns | ||||||||
| Return on Assets (ROA) | 6.7% | 13.0% | 5.8% | 15.2% | 13.5% | 9.2% | 12.5% | 14.3% |
| Return on Equity (ROE) | 17.0% | 30.4% | 20.5% | 22.5% | 31.8% | 23.8% | 27.1% | 33.3% |
| ROIC [EBIT / Invested Capital] | 25.7% | 25.3% | 8.7% | 13.1% | 20.1% | 18.6% | 18.9% | 25.5% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 57.2% | 38.6% | 58.5% | 11.7% | 50.8% | 47.0% | 44.4% | 47.4% |
| Debt-to-Equity | 1.46x | 0.90x | 2.07x | 0.17x | 1.20x | 1.22x | 0.97x | 1.11x |
| Debt-to-EBITDA | 2.41x | 1.91x | 7.25x | 1.06x | 2.83x | 2.83x | 2.51x | 2.13x |
| Equity-to-Assets | 39.2% | 42.7% | 28.3% | 67.5% | 42.5% | 38.6% | 46.0% | 42.9% |
| Net Debt | 5,383 | 4,376 | 12,308 | 380 | 18,280 | 19,821 | 20,125 | 23,452 |
| Cash & Equivalents | 1,148 | 739 | 834 | 778 | 3,792 | 1,271 | 1,860 | 4,415 |
| Total Debt | 6,530 | 5,116 | 13,142 | 1,158 | 22,072 | 21,092 | 21,985 | 27,868 |
| Liquidity & working capital | ||||||||
| Current Ratio | 1.64x | 1.51x | 1.38x | 2.92x | 2.44x | 1.87x | 1.78x | 1.26x |
| Quick Ratio | 0.90x | 0.70x | 0.49x | 2.43x | 0.95x | 0.67x | 0.64x | 0.45x |
| Cash Ratio | 0.38x | 0.19x | 0.12x | 0.34x | 0.42x | 0.13x | 0.15x | 0.19x |
| Total Current Assets | 4,990 | 5,835 | 9,188 | 6,699 | 22,119 | 17,819 | 22,038 | 30,046 |
| Total Current Liabilities | 3,046 | 3,877 | 6,674 | 2,295 | 9,052 | 9,508 | 12,394 | 23,827 |
| Inventory | 2,244 | 3,125 | 5,912 | 1,112 | 13,524 | 11,455 | 14,128 | 19,231 |
| Trade Receivables | 597 | 1,307 | 675 | 4,470 | 918 | 1,850 | 3,028 | 3,726 |
| Trade Payables | 350 | 2,046 | 2,149 | 1,978 | 2,930 | 6,464 | 4,751 | 5,720 |
| Net Working Capital | 1,944 | 1,958 | 2,514 | 4,404 | 13,067 | 8,311 | 9,644 | 6,219 |
| Net Working Capital % of Revenue | 14.3% | 9.1% | 13.4% | 65.6% | 23.9% | 15.6% | 15.4% | 8.2% |
| Trade Working Capital | 2,491 | 2,386 | 4,438 | 3,604 | 11,512 | 6,841 | 12,405 | 17,238 |
| Trade Working Capital % of Revenue | 18.3% | 11.1% | 23.6% | 53.6% | 21.0% | 12.8% | 19.8% | 22.7% |
| Change in Trade Working Capital | N/A | -105 | 2,053 | -834 | 7,908 | -4,671 | 5,563 | 4,833 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 4.57x | 5.18x | 2.53x | 3.90x | 2.92x | 3.72x | 3.37x | 2.95x |
| Days Inventory Outstanding (DIO) | 79.9 | 70.4 | 144.2 | 93.7 | 125.0 | 98.1 | 108.2 | 123.9 |
| Receivables Turnover | 22.83x | 16.39x | 27.86x | 1.50x | 59.60x | 28.83x | 20.67x | 20.39x |
| Days Sales Outstanding (DSO) | 16.0 | 22.3 | 13.1 | 242.8 | 6.1 | 12.7 | 17.7 | 17.9 |
| Payables Turnover | 29.26x | 7.92x | 6.97x | 2.19x | 13.48x | 6.59x | 10.03x | 9.90x |
| Days Payable Outstanding (DPO) | 12.5 | 46.1 | 52.4 | 166.6 | 27.1 | 55.4 | 36.4 | 36.9 |
| Cash Conversion Cycle | 83.4 days | 46.6 days | 104.9 days | 169.9 days | 104.1 days | 55.4 days | 89.5 days | 105.0 days |
| Asset Turnover | 1.19x | 1.62x | 0.84x | 0.68x | 1.26x | 1.19x | 1.26x | 1.29x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | -872 | 3,243 | -3,756 | 334 | 1,317 | 9,245 | 2,562 | 6,083 |
| Free Cash Flow (OCF − Capex proxy) | -872 | 1,404 | -6,958 | -936 | -1,736 | 3,396 | 248 | 3,162 |
| Cash Conversion (OCF / EBITDA) | -32.2% | 120.9% | -207.2% | 30.7% | 16.9% | 124.1% | 29.2% | 46.5% |
| Dividends Declared | 68 | 254 | 617 | 1,156 | 3,198 | 5,227 | 747 | 5,976 |
| Dividend Payout Ratio | 8.9% | 14.8% | 47.3% | 76.7% | 54.6% | 126.6% | 12.1% | 71.2% |
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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