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Operates in Logistics & Transport. Per the activity note to the FY2024 annual report, the company provides international freight transport services. Registered on 27 October 2008; based in Tbilisi.
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 57.5% | 29.9% | 33.3% | 57.2% | 63.7% | 64.6% |
| EBITDA Margin | 5.6% | 16.9% | 1.2% | 18.7% | -35.1% | 40.3% |
| EBITDAR | 350 | 1,783 | 110 | 887 | -925 | 922 |
| EBITDAR Margin | 5.6% | 16.9% | 1.3% | 18.7% | -31.1% | 40.3% |
| EBIT Margin | 2.8% | 16.1% | 1.2% | 15.3% | -88.3% | 40.3% |
| Net Profit Margin | 2.4% | 16.1% | 1.0% | -11.5% | -40.1% | 39.3% |
| Operating Expense % of Sales | 52.0% | 13.0% | 32.1% | 38.5% | 98.8% | 24.3% |
| Returns | ||||||
| Return on Assets (ROA) | 8.9% | 69.4% | 2.1% | -13.8% | -73.6% | 47.9% |
| Return on Equity (ROE) | 28.7% | 76.3% | 3.6% | -30.8% | -262.5% | 64.1% |
| ROIC [EBIT / Invested Capital] | N/A | 187.5% | 4.6% | 24.9% | -212.1% | 52.0% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 21.0% | 0.0% | 9.5% | 32.9% | 49.0% | 20.0% |
| Debt-to-Equity | 0.68x | 0.00x | 0.16x | 0.73x | 1.75x | 0.27x |
| Debt-to-EBITDA | 1.04x | 0.00x | 3.71x | 1.46x | N/A | 0.41x |
| Equity-to-Assets | 30.8% | 90.9% | 58.7% | 44.8% | 28.0% | 74.7% |
| Net Debt | -573 | -1,321 | -93 | 1,138 | 784 | 371 |
| Cash & Equivalents | 938 | 1,321 | 468 | 158 | 9 | 4 |
| Total Debt | 364 | N/A | 375 | 1,297 | 793 | 375 |
| Liquidity & working capital | ||||||
| Current Ratio | 0.81x | 6.67x | 0.48x | 1.02x | 0.73x | 4.04x |
| Quick Ratio | 0.79x | 5.88x | 0.48x | 1.02x | 0.73x | 4.04x |
| Cash Ratio | 0.78x | 5.94x | 1.25x | 0.11x | 0.01x | 0.01x |
| Total Current Assets | 977 | 1,483 | 179 | 1,414 | 839 | 1,854 |
| Total Current Liabilities | 1,202 | 222 | 375 | 1,381 | 1,149 | 459 |
| Inventory | 24 | 176 | N/A | N/A | N/A | N/A |
| Trade Receivables | 352 | 164 | 1,024 | 651 | 77 | N/A |
| Trade Payables | 838 | 222 | 1,247 | 1 | 7 | N/A |
| Net Working Capital | -225 | 1,260 | -196 | 33 | -310 | 1,395 |
| Net Working Capital % of Revenue | -3.6% | 11.9% | -2.3% | 0.7% | -10.4% | 61.1% |
| Trade Working Capital | -461 | 118 | -223 | 651 | 69 | N/A |
| Trade Working Capital % of Revenue | -7.3% | 1.1% | -2.7% | 13.7% | 2.3% | N/A |
| Change in Trade Working Capital | N/A | 579 | -341 | 874 | -581 | -69 |
| Turnover & efficiency | ||||||
| Inventory Turnover | 111.07x | 42.11x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | 3.3 | 8.7 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 17.85x | 64.18x | 8.19x | 7.27x | 38.74x | N/A |
| Days Sales Outstanding (DSO) | 20.5 | 5.7 | 44.5 | 50.2 | 9.4 | N/A |
| Payables Turnover | 3.19x | 33.26x | 4.49x | 2346.60x | 144.32x | N/A |
| Days Payable Outstanding (DPO) | 114.5 | 11.0 | 81.4 | 0.2 | 2.5 | N/A |
| Cash Conversion Cycle | -90.8 days | 3.4 days | -36.8 days | 50.1 days | 6.9 days | N/A |
| Asset Turnover | 3.62x | 4.31x | 2.13x | 1.20x | 1.84x | 1.22x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | N/A | N/A | -852 | -302 | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | -852 | -302 | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | -843.6% | -34.1% | N/A | N/A |
| Dividends Declared | 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 |
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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