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Operates in Construction — Residential & Commercial Building. Per the activity note to the FY2022 annual report, the company constructs residential and non-residential buildings. Located in Tbilisi.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | 81.3% | 85.4% | 25.3% | 95.1% | 100.0% |
| EBITDA Margin | 45.5% | 57.0% | -0.3% | 116.7% | 97.0% |
| EBITDAR | 652 | 892 | 26 | 1,954 | 1,360 |
| EBITDAR Margin | 47.9% | 59.2% | 1.2% | 117.7% | 97.1% |
| EBIT Margin | 40.4% | 52.9% | -2.7% | 114.6% | 96.9% |
| Net Profit Margin | 35.6% | 48.3% | -5.7% | 115.1% | 65.8% |
| Operating Expense % of Sales | 35.8% | 28.5% | 25.6% | 21.6% | 3.0% |
| Returns | |||||
| Return on Assets (ROA) | 20.0% | 21.8% | -4.9% | 36.2% | 13.1% |
| Return on Equity (ROE) | 39.7% | 40.7% | -8.1% | 55.1% | 18.0% |
| ROIC [EBIT / Invested Capital] | 35.3% | 39.5% | -4.4% | 41.7% | 21.7% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 25.9% | 20.2% | 8.7% | 23.4% | 18.7% |
| Debt-to-Equity | 0.51x | 0.38x | 0.14x | 0.36x | 0.26x |
| Debt-to-EBITDA | 1.01x | 0.79x | N/A | 0.64x | 0.97x |
| Equity-to-Assets | 50.4% | 53.4% | 60.1% | 65.7% | 72.8% |
| Net Debt | 339 | 234 | -203 | 1,093 | 1,132 |
| Cash & Equivalents | 288 | 441 | 427 | 144 | 187 |
| Total Debt | 627 | 676 | 224 | 1,237 | 1,319 |
| Liquidity & working capital | |||||
| Current Ratio | 2.63x | 2.79x | 2.20x | 5.61x | 0.13x |
| Quick Ratio | 2.63x | 0.75x | 0.76x | 5.61x | 0.13x |
| Cash Ratio | 0.50x | 0.50x | 0.53x | 0.25x | 0.34x |
| Total Current Assets | 1,500 | 2,447 | 1,761 | 3,227 | 72 |
| Total Current Liabilities | 571 | 878 | 801 | 575 | 545 |
| Inventory | N/A | 1,789 | 1,149 | N/A | N/A |
| Trade Receivables | 134 | 141 | 61 | 25 | 8 |
| Trade Payables | 247 | 76 | 31 | 98 | 9 |
| Net Working Capital | 929 | 1,569 | 960 | 2,652 | -473 |
| Net Working Capital % of Revenue | 68.3% | 104.2% | 43.8% | 159.8% | -33.8% |
| Trade Working Capital | -113 | 1,853 | 1,178 | -73 | -1 |
| Trade Working Capital % of Revenue | -8.3% | 123.1% | 53.8% | -4.4% | -0.1% |
| Change in Trade Working Capital | N/A | 1,966 | -675 | -1,251 | 72 |
| Turnover & efficiency | |||||
| Inventory Turnover | N/A | 0.12x | 1.43x | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 2979.7 | 256.0 | N/A | N/A |
| Receivables Turnover | 10.12x | 10.67x | 36.05x | 66.15x | 186.11x |
| Days Sales Outstanding (DSO) | 36.1 | 34.2 | 10.1 | 5.5 | 2.0 |
| Payables Turnover | 1.03x | 2.86x | 52.35x | 0.83x | 0.03x |
| Days Payable Outstanding (DPO) | 354.2 | 127.4 | 7.0 | 437.6 | 13342.1 |
| Cash Conversion Cycle | -318.1 days | 2886.5 days | 259.2 days | -432.1 days | -13340.1 days |
| Asset Turnover | 0.56x | 0.45x | 0.85x | 0.31x | 0.20x |
| Cash flow & dividends | |||||
| Operating Cash Flow | N/A | 153 | -15 | -283 | 43 |
| Free Cash Flow (OCF − Capex proxy) | N/A | 153 | -15 | -283 | 43 |
| Cash Conversion (OCF / EBITDA) | N/A | 17.9% | N/A | -14.6% | 3.2% |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | 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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