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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 1,994 · FY2023 14,640 · FY2024 37,066 — 3-yr total 53,700
GT Motors LLC is the automotive arm of GT Group — the official Georgian dealer for BMW, MINI and Rolls-Royce, plus commercial-vehicle brands. Operates flagship 3S (sales / service / parts) dealerships in Tbilisi alongside related-brand showrooms across the country.
Subsidiary of GT Group (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 21.3% | 18.7% | 16.8% | 20.1% | 24.0% | 27.8% | 24.9% | 23.2% |
| EBITDA Margin | 16.8% | 8.9% | 10.7% | 12.4% | 10.1% | 19.0% | 20.2% | 17.2% |
| EBITDAR | 11,177 | 6,830 | 17,348 | 21,818 | 17,070 | 34,580 | 61,991 | 60,409 |
| EBITDAR Margin | 16.8% | 8.9% | 10.7% | 12.4% | 10.1% | 19.0% | 20.2% | 17.2% |
| EBIT Margin | 15.3% | 7.2% | 9.8% | 11.5% | 8.9% | 18.0% | 19.4% | 16.5% |
| Net Profit Margin | 1.0% | 7.8% | 12.6% | 11.3% | 8.7% | 20.9% | 19.2% | 16.3% |
| Operating Expense % of Sales | 4.4% | 9.8% | 6.1% | 7.7% | 14.0% | 8.8% | 6.1% | 6.4% |
| Returns | ||||||||
| Return on Assets (ROA) | 1.6% | 11.5% | 29.0% | 20.0% | 17.7% | 28.9% | 33.5% | 25.9% |
| Return on Equity (ROE) | 2.9% | 20.3% | 40.4% | 29.8% | 19.9% | 34.7% | 38.5% | 27.6% |
| ROIC [EBIT / Invested Capital] | 28.9% | 12.1% | 29.0% | 30.7% | 20.6% | 31.7% | 43.4% | 28.9% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 29.6% | 31.9% | 8.9% | 4.4% | 3.6% | 5.6% | 0.0% | 0.0% |
| Debt-to-Equity | 0.55x | 0.56x | 0.12x | 0.06x | 0.04x | 0.07x | 0.00x | 0.00x |
| Debt-to-EBITDA | 1.16x | 2.45x | 0.36x | 0.20x | 0.18x | 0.21x | 0.00x | 0.00x |
| Equity-to-Assets | 53.9% | 56.5% | 72.0% | 67.2% | 88.6% | 83.2% | 87.0% | 93.9% |
| Net Debt | 11,466 | 15,825 | 4,444 | -997 | -928 | -6,352 | -16,306 | -6,381 |
| Cash & Equivalents | 1,542 | 911 | 1,832 | 5,325 | 3,924 | 13,739 | 16,306 | 6,381 |
| Total Debt | 13,008 | 16,736 | 6,276 | 4,328 | 2,996 | 7,388 | N/A | N/A |
| Liquidity & working capital | ||||||||
| Current Ratio | 1.16x | 1.36x | 2.19x | 2.23x | 4.95x | 3.91x | 5.75x | 10.42x |
| Quick Ratio | 0.24x | 0.29x | 0.55x | 1.00x | 2.03x | 1.74x | 2.43x | 2.35x |
| Cash Ratio | 0.09x | 0.05x | 0.11x | 0.19x | 0.42x | 0.62x | 0.72x | 0.47x |
| Total Current Assets | 21,022 | 24,138 | 36,179 | 62,384 | 46,254 | 86,330 | 129,724 | 140,875 |
| Total Current Liabilities | 18,117 | 17,782 | 16,549 | 28,016 | 9,353 | 22,072 | 22,579 | 13,524 |
| Inventory | 16,737 | 18,953 | 27,015 | 34,391 | 27,225 | 48,017 | 74,824 | 109,084 |
| Trade Receivables | 1,251 | 2,963 | 5,427 | 17,088 | 8,354 | 2,866 | 8,634 | 15,256 |
| Trade Payables | 4,699 | 5,409 | 8,686 | 20,385 | 535 | 4,157 | 4,638 | 1,254 |
| Net Working Capital | 2,905 | 6,356 | 19,630 | 34,368 | 36,901 | 64,258 | 107,145 | 127,350 |
| Net Working Capital % of Revenue | 4.4% | 8.3% | 12.1% | 19.5% | 21.8% | 35.3% | 34.8% | 36.3% |
| Trade Working Capital | 13,289 | 16,507 | 23,756 | 31,094 | 35,044 | 46,726 | 78,820 | 123,086 |
| Trade Working Capital % of Revenue | 20.0% | 21.5% | 14.6% | 17.7% | 20.7% | 25.7% | 25.6% | 35.1% |
| Change in Trade Working Capital | N/A | 3,219 | 7,249 | 7,338 | 3,950 | 11,681 | 32,094 | 44,266 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 3.12x | 3.29x | 5.01x | 4.09x | 4.73x | 2.74x | 3.09x | 2.47x |
| Days Inventory Outstanding (DIO) | 116.8 | 111.0 | 72.8 | 89.2 | 77.1 | 133.2 | 118.3 | 147.9 |
| Receivables Turnover | 53.09x | 25.88x | 29.97x | 10.30x | 20.31x | 63.56x | 35.63x | 22.99x |
| Days Sales Outstanding (DSO) | 6.9 | 14.1 | 12.2 | 35.4 | 18.0 | 5.7 | 10.2 | 15.9 |
| Payables Turnover | 11.13x | 11.53x | 15.59x | 6.90x | 241.06x | 31.64x | 49.80x | 214.67x |
| Days Payable Outstanding (DPO) | 32.8 | 31.7 | 23.4 | 52.9 | 1.5 | 11.5 | 7.3 | 1.7 |
| Cash Conversion Cycle | 90.9 days | 93.4 days | 61.6 days | 71.8 days | 93.6 days | 127.4 days | 121.2 days | 162.1 days |
| Asset Turnover | 1.51x | 1.46x | 2.30x | 1.77x | 2.04x | 1.38x | 1.74x | 1.59x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 3,002 | 3,950 | 17,817 | 14,623 | 10,895 | 16,668 | 28,956 | 29,890 |
| Free Cash Flow (OCF − Capex proxy) | 3,002 | -4,141 | 16,170 | 10,243 | 8,352 | 6,212 | 25,326 | 28,172 |
| Cash Conversion (OCF / EBITDA) | 26.9% | 57.8% | 102.7% | 67.0% | 63.8% | 48.2% | 46.7% | 49.5% |
| Dividends Declared | 0 | 0 | 5,086 | 3,727 | 7,137 | 1,994 | 14,640 | 37,066 |
| Dividend Payout Ratio | 0.0% | 0.0% | 24.8% | 18.8% | 48.5% | 5.2% | 24.7% | 64.8% |
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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