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Operates in Construction — Infrastructure & Roads. Per the activity note to the FY2023 annual report, the company constructs roads and highways.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 21.3% | 43.4% | 10.1% | 25.6% | 27.6% | 38.9% |
| EBITDA Margin | 1.8% | 7.7% | -3.0% | -8.7% | -1.7% | -15.5% |
| EBITDAR | 94 | 904 | -87 | -431 | 185 | -662 |
| EBITDAR Margin | 1.8% | 7.7% | -1.0% | -5.3% | 1.7% | -13.7% |
| EBIT Margin | 1.7% | 7.7% | -3.1% | -9.2% | -2.6% | -18.4% |
| Net Profit Margin | 1.7% | 7.2% | -3.0% | -9.2% | -3.3% | -20.4% |
| Operating Expense % of Sales | 19.5% | 35.7% | 13.1% | 34.4% | 29.2% | 54.4% |
| Returns | ||||||
| Return on Assets (ROA) | 24.3% | 101.5% | -17.3% | -54.3% | -12.3% | -25.5% |
| Return on Equity (ROE) | 54.1% | 323.1% | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | 47.2% | 310.2% | N/A | N/A | N/A | -364.1% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 7.4% | 24.1% | 1.2% | 16.7% | 1.7% | 54.3% |
| Debt-to-Equity | 0.16x | 0.77x | -0.29x | -0.28x | -0.25x | -1.13x |
| Debt-to-EBITDA | 0.29x | 0.22x | N/A | N/A | N/A | N/A |
| Equity-to-Assets | 44.9% | 31.4% | -4.2% | -58.9% | -6.7% | -47.9% |
| Net Debt | 24 | 30 | 7 | 198 | 51 | 2,092 |
| Cash & Equivalents | 3 | 169 | 12 | 35 | 0 | 4 |
| Total Debt | 27 | 199 | 19 | 232 | 51 | 2,095 |
| Liquidity & working capital | ||||||
| Current Ratio | 0.08x | 0.06x | 0.05x | 0.03x | 0.02x | 0.38x |
| Quick Ratio | 0.08x | -0.31x | -0.08x | 0.03x | 0.02x | 0.38x |
| Cash Ratio | 0.01x | 0.38x | 0.01x | 0.02x | 0.00x | 0.00x |
| Total Current Assets | 16 | 28 | 73 | 61 | 51 | 1,691 |
| Total Current Liabilities | 204 | 451 | 1,543 | 2,069 | 2,697 | 4,506 |
| Inventory | N/A | 167 | 190 | N/A | N/A | N/A |
| Trade Receivables | 290 | 219 | N/A | 217 | 444 | 316 |
| Trade Payables | 176 | 181 | 1,453 | 1,766 | 1,670 | 1,206 |
| Net Working Capital | -188 | -423 | -1,470 | -2,008 | -2,645 | -2,815 |
| Net Working Capital % of Revenue | -3.5% | -3.6% | -17.0% | -24.5% | -24.0% | -58.3% |
| Trade Working Capital | 114 | 204 | -1,263 | -1,549 | -1,226 | -890 |
| Trade Working Capital % of Revenue | 2.1% | 1.7% | -14.6% | -18.9% | -11.1% | -18.4% |
| Change in Trade Working Capital | N/A | 90 | -1,467 | -286 | 323 | 335 |
| Turnover & efficiency | ||||||
| Inventory Turnover | N/A | 39.63x | 40.85x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 9.2 | 8.9 | N/A | N/A | N/A |
| Receivables Turnover | 18.39x | 53.42x | N/A | 37.90x | 24.81x | 15.30x |
| Days Sales Outstanding (DSO) | 19.8 | 6.8 | N/A | 9.6 | 14.7 | 23.9 |
| Payables Turnover | 23.85x | 36.50x | 5.35x | 3.46x | 4.78x | 2.45x |
| Days Payable Outstanding (DPO) | 15.3 | 10.0 | 68.2 | 105.5 | 76.4 | 149.2 |
| Cash Conversion Cycle | 4.5 days | 6.0 days | -59.3 days | -95.9 days | -61.7 days | -125.3 days |
| Asset Turnover | 14.44x | 14.14x | 5.75x | 5.90x | 3.68x | 1.25x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | -1 | 166 | -158 | 23 | -35 | 4 |
| Free Cash Flow (OCF − Capex proxy) | -1 | 166 | -158 | 23 | -35 | 4 |
| Cash Conversion (OCF / EBITDA) | -1.1% | 18.4% | N/A | N/A | N/A | N/A |
| Dividends Declared | 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 |
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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