In Vesta Georgia (შპს ინ ვესტა ჯორჯია)

panel 2026-09-21Ask

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	20.8%	22.4%	23.3%	20.7%	23.3%	26.9%	26.3%
EBITDA Margin	10.0%	10.5%	11.1%	8.8%	7.9%	10.3%	9.9%
EBITDAR	435	455	522	500	408	525	572
EBITDAR Margin	11.3%	11.9%	12.5%	10.1%	9.2%	11.8%	11.5%
EBIT Margin	9.5%	9.9%	10.5%	8.0%	7.1%	9.9%	9.4%
Net Profit Margin	8.7%	8.9%	9.5%	5.4%	5.7%	7.4%	6.8%
Operating Expense % of Sales	10.8%	11.9%	12.2%	11.9%	15.5%	16.6%	16.4%
Returns
Return on Assets (ROA)	39.6%	45.1%	41.1%	26.9%	23.2%	28.4%	22.5%
Return on Equity (ROE)	59.6%	96.1%	69.6%	54.3%	37.6%	37.4%	28.5%
ROIC [EBIT / Invested Capital]	53.9%	60.7%	58.6%	41.2%	33.4%	39.0%	31.2%
Leverage & debt balances
Debt-to-Assets	23.3%	53.0%	41.1%	48.4%	36.4%	21.3%	21.0%
Debt-to-Equity	0.35x	1.13x	0.70x	0.98x	0.59x	0.28x	0.27x
Debt-to-EBITDA	0.51x	1.00x	0.86x	1.11x	1.14x	0.54x	0.64x
Equity-to-Assets	66.4%	47.0%	58.9%	49.5%	61.8%	75.8%	78.8%
Net Debt	113	266	178	471	275	241	309
Cash & Equivalents	85	135	219	13	120	9	8
Total Debt	198	401	397	484	395	250	317
Liquidity & working capital
Current Ratio	2.71x	1.68x	2.21x	1.71x	2.31x	3.80x	4.37x
Quick Ratio	2.71x	0.64x	0.95x	1.71x	2.31x	3.80x	4.37x
Cash Ratio	0.30x	0.34x	0.55x	0.03x	0.29x	0.03x	0.02x
Total Current Assets	772	673	878	863	957	1,074	1,404
Total Current Liabilities	285	401	397	504	415	283	321
Inventory	N/A	418	501	N/A	N/A	N/A	N/A
Trade Receivables	133	116	122	142	166	229	235
Trade Payables	87	N/A	N/A	20	N/A	3	4
Net Working Capital	487	272	481	359	542	791	1,083
Net Working Capital % of Revenue	12.6%	7.1%	11.5%	7.2%	12.2%	17.7%	21.7%
Trade Working Capital	46	534	623	122	166	226	231
Trade Working Capital % of Revenue	1.2%	14.0%	14.9%	2.5%	3.7%	5.1%	4.6%
Change in Trade Working Capital	N/A	488	89	-501	44	60	5
Turnover & efficiency
Inventory Turnover	N/A	7.10x	6.41x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	51.4	56.9	N/A	N/A	N/A	N/A
Receivables Turnover	29.00x	32.95x	34.33x	34.98x	26.70x	19.49x	21.25x
Days Sales Outstanding (DSO)	12.6	11.1	10.6	10.4	13.7	18.7	17.2
Payables Turnover	35.13x	N/A	N/A	197.05x	N/A	1087.00x	919.75x
Days Payable Outstanding (DPO)	10.4	N/A	N/A	1.9	N/A	0.3	0.4
Cash Conversion Cycle	2.2 days	62.5 days	67.6 days	8.6 days	13.7 days	18.4 days	16.8 days
Asset Turnover	4.54x	5.06x	4.33x	4.97x	4.08x	3.81x	3.30x
Cash flow & dividends
Operating Cash Flow	166	505	325	171	267	6	9
Free Cash Flow (OCF − Capex proxy)	146	474	293	124	260	17	-27
Cash Conversion (OCF / EBITDA)	43.1%	126.2%	70.0%	39.3%	76.7%	1.3%	1.8%
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.

In Vesta Georgia

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