Gas Impex (შპს გაზ იმპექსი)

panel 2026-09-21Ask

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	44.2%	28.2%	18.9%	10.5%	4.9%	6.6%	38.1%
EBITDA Margin	12.6%	-5.8%	14.3%	7.9%	3.8%	5.6%	11.3%
EBITDAR	503	-172	3,025	3,620	5,166	9,847	704
EBITDAR Margin	13.2%	-5.3%	14.4%	7.9%	3.9%	5.7%	11.6%
EBIT Margin	4.5%	-15.3%	12.6%	7.1%	3.5%	5.3%	0.3%
Net Profit Margin	-7.6%	-29.0%	8.5%	6.8%	3.0%	5.8%	22.7%
Operating Expense % of Sales	31.6%	34.0%	4.5%	2.6%	1.0%	0.9%	26.8%
Returns
Return on Assets (ROA)	-8.6%	-16.0%	31.0%	54.6%	12.0%	51.4%	6.4%
Return on Equity (ROE)	N/A	-86.0%	48.3%	71.7%	48.2%	54.7%	6.6%
ROIC [EBIT / Invested Capital]	5.7%	-8.6%	47.5%	60.8%	55.3%	49.7%	0.1%
Leverage & debt balances
Debt-to-Assets	156.2%	80.2%	33.2%	21.6%	1.4%	1.9%	2.2%
Debt-to-Equity	-2.31x	4.30x	0.52x	0.28x	0.06x	0.02x	0.02x
Debt-to-EBITDA	11.03x	N/A	0.63x	0.34x	0.09x	0.04x	0.69x
Equity-to-Assets	-67.6%	18.6%	64.1%	76.2%	24.9%	94.0%	96.3%
Net Debt	5,273	4,701	1,875	1,001	197	158	421
Cash & Equivalents	5	24	33	216	279	206	54
Total Debt	5,279	4,725	1,908	1,216	476	364	475
Liquidity & working capital
Current Ratio	0.07x	0.02x	0.11x	2.15x	1.09x	4.98x	11.14x
Quick Ratio	0.07x	0.02x	0.08x	1.84x	1.09x	4.88x	10.69x
Cash Ratio	0.01x	0.01x	0.05x	1.71x	0.01x	0.24x	0.13x
Total Current Assets	32	68	81	270	27,494	4,314	4,493
Total Current Liabilities	466	3,015	703	126	25,193	866	403
Inventory	N/A	12	28	38	80	89	183
Trade Receivables	23	12	12	16	27,044	260	37
Trade Payables	4	10	72	8	24,301	598	121
Net Working Capital	-434	-2,947	-623	144	2,301	3,448	4,090
Net Working Capital % of Revenue	-11.4%	-90.5%	-3.0%	0.3%	1.7%	2.0%	67.3%
Trade Working Capital	20	14	-32	47	2,823	-249	99
Trade Working Capital % of Revenue	0.5%	0.4%	-0.2%	0.1%	2.1%	-0.1%	1.6%
Change in Trade Working Capital	N/A	-5	-46	78	2,776	-3,072	348
Turnover & efficiency
Inventory Turnover	N/A	194.16x	610.13x	1058.57x	1583.29x	1811.99x	20.56x
Days Inventory Outstanding (DIO)	N/A	1.9	0.6	0.3	0.2	0.2	17.8
Receivables Turnover	163.17x	265.50x	1700.12x	2826.88x	4.93x	668.41x	165.69x
Days Sales Outstanding (DSO)	2.2	1.4	0.2	0.1	74.1	0.5	2.2
Payables Turnover	567.00x	233.52x	236.14x	5049.18x	5.22x	270.98x	31.13x
Days Payable Outstanding (DPO)	0.6	1.6	1.5	0.1	70.0	1.3	11.7
Cash Conversion Cycle	1.6 days	1.7 days	-0.7 days	0.4 days	4.3 days	-0.6 days	8.2 days
Asset Turnover	1.12x	0.55x	3.65x	8.08x	3.97x	8.88x	0.28x
Cash flow & dividends
Operating Cash Flow	12,078	13,340	2,778	3,567	1,499	12,685	267
Free Cash Flow (OCF − Capex proxy)	12,078	13,340	3,373	1,017	886	1,002	-218
Cash Conversion (OCF / EBITDA)	2524.0%	N/A	92.3%	99.1%	29.3%	129.5%	38.7%
Dividends Declared	N/A	0	0	0	0	558	0
Dividend Payout Ratio	N/A	N/A	0.0%	0.0%	0.0%	5.6%	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.

Gas Impex

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