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ID 211344188 · FY 2018–2023 · 6 years
Bars are revenue on the left axis; lines are EBITDA and net margin on the right.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 97.1% | 97.5% | 97.5% | 97.5% | 98.2% | 98.1% |
| EBITDA Margin | 10.8% | 12.9% | 7.6% | 10.0% | 10.4% | 12.0% |
| EBITDAR | 375 | 489 | 288 | 368 | 390 | 476 |
| EBITDAR Margin | 13.4% | 15.8% | 9.9% | 12.3% | 12.7% | 14.1% |
| EBIT Margin | 8.6% | 11.2% | 5.7% | 8.1% | 8.7% | 10.7% |
| Net Profit Margin | 11.0% | 10.6% | 11.2% | 10.4% | 7.7% | 12.8% |
| Operating Expense % of Sales | 86.3% | 84.5% | 89.9% | 87.5% | 87.8% | 86.1% |
| Returns | ||||||
| Return on Assets (ROA) | 17.6% | 16.7% | 15.8% | 14.7% | 11.4% | 18.9% |
| Return on Equity (ROE) | 23.2% | 25.4% | 21.1% | 19.5% | 16.2% | 27.1% |
| ROIC [EBIT / Invested Capital] | 38.9% | 75.2% | 29.7% | 52.6% | 78.1% | 111.0% |
| Leverage & liquidity | ||||||
| Debt-to-Assets | 3.9% | 3.7% | 3.6% | 3.6% | 3.6% | 3.3% |
| Debt-to-Equity | 0.05x | 0.06x | 0.05x | 0.05x | 0.05x | 0.05x |
| Debt-to-EBITDA | 0.22x | 0.18x | 0.34x | 0.26x | 0.23x | 0.19x |
| Equity-to-Assets | 75.6% | 65.7% | 75.0% | 75.3% | 70.2% | 69.8% |
| Net Debt | -703 | -826 | -997 | -1,132 | -1,107 | -1,279 |
| Cash & Equivalents | 771 | 898 | 1,072 | 1,208 | 1,182 | 1,355 |
| Total Debt | 68 | 72 | 75 | 76 | 75 | 76 |
| Liquidity & working capital | ||||||
| Current Ratio | 2.84x | 2.07x | 2.99x | 2.99x | 2.64x | 2.79x |
| Quick Ratio | 2.85x | 2.00x | 2.90x | 2.92x | 2.64x | 2.79x |
| Cash Ratio | 1.80x | 1.33x | 2.07x | 2.34x | 1.92x | 1.95x |
| Total Current Assets | 1,213 | 1,394 | 1,544 | 1,544 | 1,623 | 1,935 |
| Total Current Liabilities | 427 | 674 | 517 | 517 | 616 | 694 |
| Inventory | -6 | 49 | 44 | 36 | N/A | N/A |
| Trade Receivables | 341 | 375 | 403 | 347 | 401 | 529 |
| Trade Payables | 25 | 31 | 33 | 16 | 33 | 46 |
| Net Working Capital | 786 | 720 | 1,027 | 1,027 | 1,007 | 1,241 |
| Net Working Capital % of Revenue | 28.1% | 23.2% | 35.2% | 34.5% | 32.9% | 36.6% |
| Trade Working Capital | 311 | 393 | 414 | 367 | 368 | 483 |
| Trade Working Capital % of Revenue | 11.1% | 12.7% | 14.2% | 12.3% | 12.0% | 14.3% |
| Change in Trade Working Capital | N/A | 83 | 20 | -47 | 1 | 115 |
| Turnover & efficiency | ||||||
| Inventory Turnover | -13.16x | 1.61x | 1.70x | 2.13x | N/A | N/A |
| Days Inventory Outstanding (DIO) | -27.7 | 226.8 | 214.6 | 171.3 | N/A | N/A |
| Receivables Turnover | 8.20x | 8.28x | 7.24x | 8.60x | 7.64x | 6.41x |
| Days Sales Outstanding (DSO) | 44.5 | 44.1 | 50.4 | 42.4 | 47.8 | 57.0 |
| Payables Turnover | 3.34x | 2.57x | 2.22x | 4.87x | 1.64x | 1.44x |
| Days Payable Outstanding (DPO) | 109.1 | 141.8 | 164.7 | 75.0 | 222.4 | 253.5 |
| Cash Conversion Cycle | -92.3 days | 129.0 days | 100.4 days | 138.8 days | -174.7 days | -196.5 days |
| Asset Turnover | 1.60x | 1.58x | 1.41x | 1.41x | 1.48x | 1.47x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | 278 | 378 | 357 | 370 | 348 | 288 |
| Free Cash Flow (OCF − Capex proxy) | 298 | 322 | 372 | 412 | 360 | 439 |
| Cash Conversion (OCF / EBITDA) | 92.2% | 94.2% | 160.9% | 124.2% | 108.9% | 71.0% |
| Dividends Declared | 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 |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in ₾ '000. 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.
Companies sharing this sector, ranked by how close their latest revenue is to this one — not a curated comp set.
* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Ownership & directors from companyinfo.ge (public corporate registry).