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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Georgian services company. Limited public information available beyond the Reportal filing.
Subsidiary of Express Technologies (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 98.6% | 99.0% | 99.3% | 99.6% | 99.6% | 99.5% | 99.6% | 99.6% |
| EBITDA Margin | 60.8% | 43.4% | 32.3% | 27.4% | 61.6% | 57.6% | 45.7% | 39.9% |
| EBITDAR | 5,051 | 5,492 | 3,348 | 2,263 | 9,891 | 10,256 | 7,914 | 6,547 |
| EBITDAR Margin | 70.8% | 53.0% | 32.3% | 27.4% | 61.6% | 57.6% | 45.7% | 39.9% |
| EBIT Margin | 55.7% | 38.3% | 17.6% | -3.3% | 41.2% | 37.2% | 22.0% | 12.1% |
| Net Profit Margin | 21.1% | 30.8% | 4.1% | -21.5% | 31.3% | 28.4% | 22.2% | 12.3% |
| Operating Expense % of Sales | 37.8% | 55.6% | 66.9% | 72.1% | 38.0% | 41.9% | 53.9% | 59.6% |
| Returns | ||||||||
| Return on Assets (ROA) | 17.0% | 16.0% | 1.6% | -7.0% | 16.9% | 21.2% | 16.0% | 7.6% |
| Return on Equity (ROE) | 34.6% | 42.3% | 5.3% | -28.7% | 44.9% | 31.1% | 16.8% | 8.1% |
| ROIC [EBIT / Invested Capital] | N/A | 165.6% | 38.5% | -7.6% | 175.5% | 41.1% | 18.9% | 9.4% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 0.0% | 1.6% | 1.0% | 2.0% | 1.5% | 0.8% | 0.1% |
| Debt-to-Equity | 0.00x | 0.00x | 0.05x | 0.04x | 0.05x | 0.02x | 0.01x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.12x | 0.11x | 0.06x | 0.04x | 0.03x | 0.01x |
| Equity-to-Assets | 49.3% | 37.9% | 31.0% | 24.3% | 37.8% | 68.2% | 95.6% | 93.2% |
| Net Debt | -5,128 | -5,134 | -3,210 | -2,612 | -7,442 | -154 | -2,776 | -3,943 |
| Cash & Equivalents | 5,128 | 5,134 | 3,608 | 2,862 | 8,034 | 516 | 2,976 | 3,983 |
| Total Debt | N/A | N/A | 398 | 250 | 592 | 362 | 200 | 40 |
| Liquidity & working capital | ||||||||
| Current Ratio | 1.48x | 0.80x | 0.90x | 0.87x | 0.87x | 0.29x | 3.91x | 4.03x |
| Quick Ratio | 1.41x | 0.77x | 0.81x | 0.63x | 0.80x | 0.17x | 3.52x | 3.47x |
| Cash Ratio | 1.15x | 0.65x | 0.68x | 0.55x | 0.62x | 0.07x | 2.82x | 2.21x |
| Total Current Assets | 6,604 | 6,290 | 4,774 | 4,542 | 11,241 | 2,169 | 4,126 | 7,249 |
| Total Current Liabilities | 4,468 | 7,882 | 5,300 | 5,224 | 12,860 | 7,409 | 1,054 | 1,800 |
| Inventory | 298 | 227 | 467 | 1,231 | 997 | 937 | 416 | 998 |
| Trade Receivables | 603 | 702 | 442 | 353 | 746 | 448 | 614 | 147 |
| Trade Payables | 4,085 | 3,664 | 856 | 759 | 481 | 877 | 839 | 1,651 |
| Net Working Capital | 2,136 | -1,592 | -526 | -682 | -1,619 | -5,240 | 3,072 | 5,449 |
| Net Working Capital % of Revenue | 29.9% | -15.4% | -5.1% | -8.3% | -10.1% | -29.4% | 17.7% | 33.2% |
| Trade Working Capital | -3,184 | -2,735 | 53 | 825 | 1,262 | 508 | 191 | -506 |
| Trade Working Capital % of Revenue | -44.6% | -26.4% | 0.5% | 10.0% | 7.9% | 2.9% | 1.1% | -3.1% |
| Change in Trade Working Capital | N/A | 449 | 2,788 | 772 | 437 | -754 | -317 | -697 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 0.33x | 0.45x | 0.16x | 0.03x | 0.07x | 0.10x | 0.17x | 0.07x |
| Days Inventory Outstanding (DIO) | 1098.7 | 812.3 | 2242.8 | 12143.6 | 5598.5 | 3717.4 | 2169.1 | 5059.3 |
| Receivables Turnover | 11.83x | 14.76x | 23.42x | 23.36x | 21.53x | 39.77x | 28.19x | 111.49x |
| Days Sales Outstanding (DSO) | 30.9 | 24.7 | 15.6 | 15.6 | 17.0 | 9.2 | 12.9 | 3.3 |
| Payables Turnover | 0.02x | 0.03x | 0.09x | 0.05x | 0.14x | 0.10x | 0.08x | 0.04x |
| Days Payable Outstanding (DPO) | 15060.9 | 13111.4 | 4111.1 | 7487.4 | 2701.0 | 3479.4 | 4374.8 | 8369.7 |
| Cash Conversion Cycle | -13931.3 days | -12274.3 days | -1852.6 days | 4671.8 days | 2914.5 days | 247.2 days | -2192.7 days | -3307.1 days |
| Asset Turnover | 0.81x | 0.52x | 0.40x | 0.32x | 0.54x | 0.75x | 0.72x | 0.61x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 2,420 | 10,002 | 6,924 | 1,915 | 7,875 | -1,425 | 2,898 | 7,572 |
| Free Cash Flow (OCF − Capex proxy) | 2,420 | 6 | -1,352 | -522 | 6,534 | -7,281 | -61 | 3,443 |
| Cash Conversion (OCF / EBITDA) | 55.8% | 222.3% | 206.8% | 84.6% | 79.6% | -13.9% | 36.6% | 115.7% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | N/A | 0.0% | 0.0% | 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.
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).
Ranked by how close each latest revenue is to this one — not a curated comp set.