Pagi Group (შპს პაგი ჯგუფი)

panel 2026-09-21Ask

Pagi Group (შპს პაგი ჯგუფი) — Georgia Financials

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	38.6%	12.4%	11.8%	9.5%	9.5%	9.6%	6.7%
EBITDA Margin	22.2%	8.3%	10.6%	8.7%	8.6%	8.9%	6.2%
EBITDAR	912	514	855	1,618	1,956	2,460	2,299
EBITDAR Margin	22.4%	8.4%	10.7%	8.7%	8.7%	8.9%	6.2%
EBIT Margin	22.2%	8.3%	10.5%	8.7%	8.6%	8.8%	6.2%
Net Profit Margin	22.2%	8.3%	10.4%	8.7%	8.2%	8.4%	5.5%
Operating Expense % of Sales	16.4%	4.0%	1.3%	0.8%	0.9%	0.7%	0.5%
Returns
Return on Assets (ROA)	79.1%	35.0%	29.9%	43.3%	36.7%	30.4%	20.8%
Return on Equity (ROE)	100.0%	35.9%	34.1%	45.8%	37.8%	33.1%	23.6%
ROIC [EBIT / Invested Capital]	98.8%	42.0%	37.1%	59.9%	57.6%	34.6%	28.0%
Leverage & debt balances
Debt-to-Assets	7.7%	2.6%	6.1%	1.9%	0.0%	7.5%	0.0%
Debt-to-Equity	0.10x	0.03x	0.07x	0.02x	0.00x	0.08x	0.00x
Debt-to-EBITDA	0.10x	0.07x	0.20x	0.04x	0.00x	0.23x	0.00x
Equity-to-Assets	79.1%	97.4%	87.9%	94.5%	97.3%	91.8%	88.4%
Net Debt	11	-204	-173	-831	-1,552	18	-395
Cash & Equivalents	77	241	343	903	1,552	557	395
Total Debt	88	37	170	72	N/A	576	N/A
Liquidity & working capital
Current Ratio	3.93x	27.69x	4.14x	13.45x	14.29x	3.01x	2.57x
Quick Ratio	3.93x	0.00x	0.00x	13.45x	14.29x	3.01x	2.57x
Cash Ratio	0.32x	6.47x	1.35x	4.46x	11.35x	0.89x	0.35x
Total Current Assets	937	1,033	1,055	2,721	1,954	1,891	2,881
Total Current Liabilities	239	37	255	202	137	629	1,123
Inventory	N/A	1,033	1,055	N/A	N/A	N/A	N/A
Trade Receivables	67	65	223	128	402	734	1,092
Trade Payables	N/A	N/A	164	50	39	34	908
Net Working Capital	699	995	800	2,519	1,817	1,263	1,758
Net Working Capital % of Revenue	17.2%	16.3%	10.0%	13.6%	8.1%	4.6%	4.8%
Trade Working Capital	67	1,098	1,113	78	363	700	184
Trade Working Capital % of Revenue	1.6%	17.9%	13.9%	0.4%	1.6%	2.5%	0.5%
Change in Trade Working Capital	N/A	1,031	16	-1,035	285	337	-516
Turnover & efficiency
Inventory Turnover	N/A	5.19x	6.69x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	70.3	54.6	N/A	N/A	N/A	N/A
Receivables Turnover	61.16x	94.13x	35.90x	144.41x	56.13x	37.79x	33.84x
Days Sales Outstanding (DSO)	6.0	3.9	10.2	2.5	6.5	9.7	10.8
Payables Turnover	N/A	N/A	42.91x	333.12x	528.01x	737.03x	37.96x
Days Payable Outstanding (DPO)	N/A	N/A	8.5	1.1	0.7	0.5	9.6
Cash Conversion Cycle	6.0 days	74.2 days	56.2 days	1.4 days	5.8 days	9.2 days	1.2 days
Asset Turnover	3.57x	4.23x	2.88x	4.99x	4.47x	3.61x	3.81x
Cash flow & dividends
Operating Cash Flow	-4	165	101	560	649	-995	-162
Free Cash Flow (OCF − Capex proxy)	-4	165	101	560	649	-995	-162
Cash Conversion (OCF / EBITDA)	-0.4%	32.3%	12.0%	34.9%	33.3%	-40.5%	-7.1%
Dividends Declared	N/A	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	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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