Fiber-Optic Telecommunications Network - Foptnet (შპს ოპტიკურ-ბოჭკოვანი ტელეკომუნიკაციის ქსელი-ფოპტნეტი)

panel 2026-09-21Ask

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2017	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	52.7%	48.8%	42.7%	42.7%	41.6%	32.0%	30.1%	35.5%
EBITDA Margin	48.4%	28.4%	25.2%	26.9%	29.3%	16.2%	9.6%	10.9%
EBITDAR	6,341	2,805	2,423	2,415	2,365	1,178	827	1,031
EBITDAR Margin	50.0%	30.8%	27.9%	29.8%	32.9%	20.3%	13.1%	14.0%
EBIT Margin	48.3%	28.4%	25.2%	26.9%	29.3%	16.2%	9.6%	10.9%
Net Profit Margin	38.7%	20.5%	12.9%	4.4%	25.8%	45.1%	10.1%	6.7%
Operating Expense % of Sales	4.3%	20.3%	17.5%	15.8%	12.3%	15.8%	21.8%	25.6%
Returns
Return on Assets (ROA)	15.4%	8.8%	4.9%	1.6%	8.7%	16.6%	6.9%	4.6%
Return on Equity (ROE)	19.8%	133.5%	44.4%	12.5%	48.4%	49.9%	10.8%	7.8%
ROIC [EBIT / Invested Capital]	20.4%	34.2%	23.9%	19.1%	18.3%	7.4%	9.3%	8.8%
Leverage & debt balances
Debt-to-Assets	19.0%	29.9%	31.4%	38.5%	40.7%	52.3%	16.9%	27.1%
Debt-to-Equity	0.25x	4.56x	2.82x	2.99x	2.28x	1.57x	0.27x	0.46x
Debt-to-EBITDA	0.99x	2.46x	3.24x	3.96x	4.14x	8.77x	2.58x	3.61x
Equity-to-Assets	77.6%	6.6%	11.1%	12.9%	17.9%	33.3%	63.9%	59.6%
Net Debt	5,336	6,184	6,653	8,497	7,655	7,360	636	2,731
Cash & Equivalents	737	209	456	103	1,050	862	920	166
Total Debt	6,073	6,393	7,109	8,600	8,705	8,222	1,556	2,897
Liquidity & working capital
Current Ratio	24.42x	0.99x	1.19x	1.42x	1.75x	4.42x	2.25x	2.43x
Quick Ratio	24.19x	0.98x	1.18x	1.41x	1.22x	4.36x	2.19x	2.24x
Cash Ratio	0.79x	0.02x	0.04x	0.01x	0.11x	0.35x	0.45x	0.09x
Total Current Assets	22,707	13,162	14,847	14,678	16,012	10,804	4,616	4,734
Total Current Liabilities	930	13,254	12,497	10,321	9,142	2,445	2,051	1,947
Inventory	207	174	157	159	4,816	132	123	368
Trade Receivables	21,763	12,033	14,234	14,416	10,146	9,810	3,573	4,200
Trade Payables	414	218	287	688	952	340	748	593
Net Working Capital	21,777	-92	2,350	4,357	6,870	8,359	2,565	2,787
Net Working Capital % of Revenue	171.6%	-1.0%	27.0%	53.8%	95.7%	144.3%	40.7%	37.9%
Trade Working Capital	21,556	11,989	14,104	13,887	14,010	9,602	2,948	3,975
Trade Working Capital % of Revenue	169.9%	131.5%	162.2%	171.6%	195.2%	165.8%	46.7%	54.1%
Change in Trade Working Capital	N/A	-9,567	2,115	-217	123	-4,408	-6,654	1,027
Turnover & efficiency
Inventory Turnover	29.01x	26.85x	31.73x	29.18x	0.87x	29.83x	35.85x	12.89x
Days Inventory Outstanding (DIO)	12.6	13.6	11.5	12.5	419.4	12.2	10.2	28.3
Receivables Turnover	0.58x	0.76x	0.61x	0.56x	0.71x	0.59x	1.77x	1.75x
Days Sales Outstanding (DSO)	626.0	481.6	597.3	650.3	515.9	618.2	206.7	208.5
Payables Turnover	14.50x	21.43x	17.36x	6.74x	4.40x	11.58x	5.90x	8.00x
Days Payable Outstanding (DPO)	25.2	17.0	21.0	54.1	82.9	31.5	61.9	45.6
Cash Conversion Cycle	613.4 days	478.2 days	587.8 days	608.6 days	852.4 days	598.9 days	155.0 days	191.2 days
Asset Turnover	0.40x	0.43x	0.38x	0.36x	0.34x	0.37x	0.69x	0.69x
Cash flow & dividends
Operating Cash Flow	344	-531	141	2,428	2,328	1,336	1,102	70
Free Cash Flow (OCF − Capex proxy)	344	-715	828	2,069	2,307	1,330	1,005	-2,026
Cash Conversion (OCF / EBITDA)	5.6%	-20.5%	6.4%	111.7%	110.8%	142.6%	182.5%	8.7%
Dividends Declared	0	22,000	0	0	0	1,202	0	0
Dividend Payout Ratio	0.0%	1175.2%	0.0%	0.0%	0.0%	46.0%	0.0%	0.0%

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.

Fiber-Optic Telecommunications Network - Foptnet

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