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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2017 0 · FY2018 0 · FY2019 0
Operates in Fitness & Wellness — Sports & Recreation. Per the activity note to the FY2024 annual report, the company operates an international raceway dedicated to motorsports.
Group parent — controls 1 company · ownership
| Ratio | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 24.8% | 25.5% | 23.9% | 78.3% | 91.4% | 93.0% | 95.4% |
| EBITDA Margin | 9.2% | -11.0% | -26.3% | -217.4% | -71.0% | -77.2% | -46.7% |
| EBITDAR | 3,947 | -3,542 | -7,746 | -1,669 | -1,088 | -1,102 | -996 |
| EBITDAR Margin | 9.2% | -11.0% | -26.3% | -217.4% | -71.0% | -77.2% | -46.7% |
| EBIT Margin | 16.2% | -15.2% | -30.4% | -331.3% | -124.2% | -132.5% | -84.8% |
| Net Profit Margin | -6.6% | -21.6% | -40.5% | -139.1% | -20.9% | -79.1% | -51.8% |
| Operating Expense % of Sales | 15.6% | 36.4% | 50.2% | 295.7% | 162.3% | 170.2% | 142.1% |
| Returns | |||||||
| Return on Assets (ROA) | -4.3% | -12.1% | -21.9% | -2.3% | -0.7% | -2.5% | -2.5% |
| Return on Equity (ROE) | -18.2% | -82.9% | N/A | -8.3% | -2.6% | -9.9% | -10.7% |
| ROIC [EBIT / Invested Capital] | 13.7% | -9.5% | -21.3% | -5.7% | -4.3% | -4.3% | -4.1% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 54.3% | 75.9% | 84.9% | 69.0% | 69.4% | 72.3% | 75.2% |
| Debt-to-Equity | 2.30x | 5.20x | -13.00x | 2.48x | 2.50x | 2.82x | 3.24x |
| Debt-to-EBITDA | 8.99x | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity-to-Assets | 23.6% | 14.6% | -6.5% | 27.8% | 27.7% | 25.6% | 23.2% |
| Net Debt | 34,940 | 43,337 | 45,600 | 31,912 | 31,389 | 32,115 | 33,333 |
| Cash & Equivalents | 542 | 324 | 757 | 3 | 13 | 72 | 106 |
| Total Debt | 35,483 | 43,660 | 46,357 | 31,914 | 31,402 | 32,187 | 33,439 |
| Liquidity & working capital | |||||||
| Current Ratio | 1.26x | 0.69x | 0.42x | 1.77x | 1.85x | 2.55x | 3.96x |
| Quick Ratio | 0.44x | 0.23x | 0.20x | 1.77x | 1.85x | 2.55x | 3.96x |
| Cash Ratio | 0.03x | 0.01x | 0.02x | 0.00x | 0.01x | 0.08x | 0.15x |
| Total Current Assets | 22,140 | 15,113 | 13,466 | 2,552 | 2,351 | 2,378 | 2,770 |
| Total Current Liabilities | 17,587 | 21,815 | 32,415 | 1,444 | 1,273 | 933 | 700 |
| Inventory | 14,466 | 9,992 | 7,023 | N/A | N/A | N/A | N/A |
| Trade Receivables | 7,132 | 4,797 | 5,685 | 1,167 | 1,026 | 942 | 930 |
| Trade Payables | 13,787 | 5,103 | 6,750 | 1,274 | 1,071 | 903 | 687 |
| Net Working Capital | 4,554 | -6,702 | -18,949 | 1,108 | 1,077 | 1,445 | 2,070 |
| Net Working Capital % of Revenue | 10.7% | -20.8% | -64.2% | 144.3% | 70.3% | 101.3% | 97.0% |
| Trade Working Capital | 7,811 | 9,687 | 5,959 | -107 | -45 | 39 | 243 |
| Trade Working Capital % of Revenue | 18.3% | 30.0% | 20.2% | -13.9% | -2.9% | 2.7% | 11.4% |
| Change in Trade Working Capital | N/A | 1,876 | -3,728 | N/A | 61 | 84 | 203 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 2.22x | 2.41x | 3.19x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | 164.3 | 151.6 | 114.3 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 5.99x | 6.73x | 5.19x | 0.66x | 1.49x | 1.51x | 2.29x |
| Days Sales Outstanding (DSO) | 60.9 | 54.3 | 70.4 | 555.1 | 244.3 | 241.0 | 159.1 |
| Payables Turnover | 2.33x | 4.71x | 3.32x | 0.13x | 0.12x | 0.11x | 0.14x |
| Days Payable Outstanding (DPO) | 156.6 | 77.4 | 109.8 | 2794.9 | 2961.8 | 3286.0 | 2537.9 |
| Cash Conversion Cycle | 68.6 days | 128.5 days | 74.8 days | -2239.9 days | -2717.5 days | -3045.1 days | -2378.8 days |
| Asset Turnover | 0.65x | 0.56x | 0.54x | 0.02x | 0.03x | 0.03x | 0.05x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 2,828 | -6,867 | -893 | -338 | -220 | -680 | -541 |
| Free Cash Flow (OCF − Capex proxy) | 2,828 | -7,681 | -828 | -357 | -229 | -738 | -571 |
| Cash Conversion (OCF / EBITDA) | 71.6% | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | 0 | 0 | 0 | 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.
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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