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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 415 · FY2019 300 — 3-yr total 715
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 19.6% | 20.4% | 26.0% | 22.4% | 24.9% | 24.7% |
| EBITDA Margin | 2.1% | 3.6% | 7.6% | 11.7% | 8.7% | 7.3% |
| EBITDAR | 329 | 540 | 1,191 | 2,244 | 1,682 | 1,461 |
| EBITDAR Margin | 2.1% | 3.6% | 7.6% | 11.7% | 8.7% | 7.3% |
| EBIT Margin | 0.1% | 0.5% | 4.1% | 8.8% | 6.1% | 4.4% |
| Net Profit Margin | 3.9% | 1.9% | 0.8% | 10.8% | 12.6% | 8.1% |
| Operating Expense % of Sales | 17.5% | 16.8% | 18.4% | 10.7% | 16.2% | 17.4% |
| Returns | ||||||
| Return on Assets (ROA) | 4.2% | 1.9% | 0.8% | 12.3% | 13.9% | 9.1% |
| Return on Equity (ROE) | 9.2% | 4.3% | 1.9% | 23.8% | 22.9% | 13.4% |
| ROIC [EBIT / Invested Capital] | 0.2% | 0.7% | 5.1% | 12.7% | 7.9% | 6.3% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 31.7% | 38.0% | 41.6% | 34.2% | 26.1% | 13.7% |
| Debt-to-Equity | 0.70x | 0.86x | 1.03x | 0.66x | 0.43x | 0.20x |
| Debt-to-EBITDA | 13.83x | 10.28x | 5.61x | 2.55x | 2.71x | 1.66x |
| Equity-to-Assets | 45.1% | 44.1% | 40.3% | 51.7% | 60.7% | 68.0% |
| Net Debt | 3,658 | 5,007 | 5,972 | 4,654 | 4,175 | 1,977 |
| Cash & Equivalents | 888 | 544 | 701 | 1,079 | 382 | 448 |
| Total Debt | 4,546 | 5,551 | 6,673 | 5,733 | 4,557 | 2,425 |
| Liquidity & working capital | ||||||
| Current Ratio | 1.33x | 1.21x | 1.24x | 2.19x | 2.37x | 3.24x |
| Quick Ratio | 0.89x | 0.77x | 0.85x | 1.50x | 2.37x | 3.24x |
| Cash Ratio | 0.11x | 0.07x | 0.07x | 0.18x | 0.07x | 0.11x |
| Total Current Assets | 10,453 | 9,842 | 11,908 | 13,128 | 13,065 | 12,747 |
| Total Current Liabilities | 7,873 | 8,164 | 9,585 | 6,000 | 5,520 | 3,937 |
| Inventory | 3,481 | 3,557 | 3,755 | 4,099 | N/A | N/A |
| Trade Receivables | 5,136 | 5,649 | 7,050 | 7,291 | 7,585 | 6,836 |
| Trade Payables | 2,647 | 2,484 | 2,818 | 2,309 | 2,018 | 1,449 |
| Net Working Capital | 2,580 | 1,678 | 2,323 | 7,128 | 7,545 | 8,810 |
| Net Working Capital % of Revenue | 16.8% | 11.2% | 14.9% | 37.3% | 39.1% | 44.1% |
| Trade Working Capital | 5,969 | 6,722 | 7,987 | 9,081 | 5,568 | 5,387 |
| Trade Working Capital % of Revenue | 38.9% | 44.7% | 51.3% | 47.5% | 28.9% | 27.0% |
| Change in Trade Working Capital | N/A | 753 | 1,264 | 1,094 | -3,513 | -181 |
| Turnover & efficiency | ||||||
| Inventory Turnover | 3.55x | 3.37x | 3.07x | 3.62x | N/A | N/A |
| Days Inventory Outstanding (DIO) | 102.9 | 108.4 | 118.9 | 100.8 | N/A | N/A |
| Receivables Turnover | 2.99x | 2.66x | 2.21x | 2.62x | 2.54x | 2.92x |
| Days Sales Outstanding (DSO) | 122.1 | 137.1 | 165.2 | 139.1 | 143.5 | 125.0 |
| Payables Turnover | 4.66x | 4.82x | 4.09x | 6.43x | 7.18x | 10.37x |
| Days Payable Outstanding (DPO) | 78.3 | 75.7 | 89.3 | 56.8 | 50.9 | 35.2 |
| Cash Conversion Cycle | 146.7 days | 169.8 days | 194.9 days | 183.1 days | 92.7 days | 89.8 days |
| Asset Turnover | 1.07x | 1.03x | 0.97x | 1.14x | 1.11x | 1.13x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | 2,524 | 678 | 291 | 1,478 | 1,617 | 3,465 |
| Free Cash Flow (OCF − Capex proxy) | 2,178 | -792 | 435 | 1,546 | 878 | 2,717 |
| Cash Conversion (OCF / EBITDA) | 767.9% | 125.6% | 24.5% | 65.9% | 96.1% | 237.2% |
| Dividends Declared | 415 | 300 | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | 69.4% | 107.0% | 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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Ownership & directors from companyinfo.ge (public corporate registry).