Kera + (შპს კერა +)

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	22.1%	18.6%	18.1%	22.4%	22.4%	30.8%	23.3%
EBITDA Margin	5.9%	8.5%	1.6%	16.0%	13.7%	22.9%	15.1%
EBITDAR	102	215	24	130	588	883	933
EBITDAR Margin	5.9%	8.5%	1.6%	16.0%	13.7%	22.9%	15.1%
EBIT Margin	3.2%	7.0%	-0.8%	11.9%	12.7%	21.5%	13.7%
Net Profit Margin	5.9%	6.0%	1.2%	15.9%	13.6%	22.9%	15.3%
Operating Expense % of Sales	16.2%	10.1%	16.5%	6.4%	8.7%	7.9%	8.2%
Returns
Return on Assets (ROA)	10.6%	17.6%	1.8%	13.6%	55.6%	48.5%	38.6%
Return on Equity (ROE)	18.9%	32.9%	3.9%	22.2%	68.2%	52.4%	39.1%
ROIC [EBIT / Invested Capital]	8.2%	32.7%	-1.9%	14.3%	63.4%	49.6%	42.6%
Leverage & debt balances
Debt-to-Assets	22.4%	11.8%	20.8%	11.0%	0.6%	1.1%	0.0%
Debt-to-Equity	0.40x	0.22x	0.44x	0.18x	0.01x	0.01x	0.00x
Debt-to-EBITDA	2.11x	0.47x	8.76x	0.80x	0.01x	0.02x	0.00x
Equity-to-Assets	56.2%	53.5%	47.6%	61.4%	81.5%	92.5%	98.8%
Net Debt	135	80	207	96	1	-9	-432
Cash & Equivalents	81	22	2	9	5	29	432
Total Debt	216	102	209	104	6	20	N/A
Liquidity & working capital
Current Ratio	2.32x	4.10x	2.75x	2.29x	6.41x	10.55x	114.09x
Quick Ratio	2.32x	0.85x	-0.40x	2.29x	6.41x	10.55x	114.09x
Cash Ratio	0.24x	0.16x	0.01x	0.05x	0.05x	0.21x	27.01x
Total Current Assets	773	566	525	367	708	1,441	1,825
Total Current Liabilities	333	138	191	160	110	137	16
Inventory	N/A	448	601	N/A	N/A	N/A	N/A
Trade Receivables	54	49	62	65	195	775	883
Trade Payables	17	40	150	11	105	22	16
Net Working Capital	440	428	334	207	597	1,305	1,809
Net Working Capital % of Revenue	25.4%	16.9%	21.6%	25.4%	13.9%	33.8%	29.3%
Trade Working Capital	37	458	512	53	90	753	867
Trade Working Capital % of Revenue	2.1%	18.1%	33.2%	6.6%	2.1%	19.5%	14.0%
Change in Trade Working Capital	N/A	420	55	-459	36	663	114
Turnover & efficiency
Inventory Turnover	N/A	4.60x	2.10x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	79.3	173.5	N/A	N/A	N/A	N/A
Receivables Turnover	31.98x	51.36x	24.99x	12.56x	22.04x	4.98x	6.99x
Days Sales Outstanding (DSO)	11.4	7.1	14.6	29.1	16.6	73.4	52.2
Payables Turnover	79.05x	51.89x	8.41x	55.51x	31.69x	123.83x	296.05x
Days Payable Outstanding (DPO)	4.6	7.0	43.4	6.6	11.5	2.9	1.2
Cash Conversion Cycle	6.8 days	79.4 days	144.7 days	22.5 days	5.0 days	70.4 days	51.0 days
Asset Turnover	1.80x	2.93x	1.53x	0.86x	4.08x	2.12x	2.52x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Declared	N/A	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	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.

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