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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 5,020 · FY2023 17,267 · FY2024 95,489 — 3-yr total 117,776
Georgian wholesale trading company. Limited public information available beyond the Reportal filing.
Subsidiary of LRG (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 26.4% | 26.7% | 25.9% | 27.7% | 25.4% | 32.7% | 34.7% | 30.2% |
| EBITDA Margin | 17.7% | 8.8% | 8.6% | 10.6% | 8.6% | 14.0% | 14.2% | 7.1% |
| EBITDAR | 23,941 | 14,089 | 16,333 | 18,823 | 18,582 | 32,725 | 22,955 | 15,595 |
| EBITDAR Margin | 19.7% | 10.6% | 10.5% | 12.1% | 10.2% | 15.5% | 14.8% | 9.4% |
| EBIT Margin | 16.4% | 7.6% | 7.4% | 9.2% | 7.3% | 12.7% | 12.8% | 5.9% |
| Net Profit Margin | 8.8% | 6.9% | 5.7% | 7.4% | 6.3% | 13.7% | 34.2% | 10.0% |
| Operating Expense % of Sales | 8.7% | 17.8% | 17.3% | 17.1% | 16.8% | 18.7% | 20.5% | 23.1% |
| Returns | ||||||||
| Return on Assets (ROA) | 11.1% | 9.1% | 7.5% | 10.8% | 10.0% | 18.6% | 29.0% | 17.7% |
| Return on Equity (ROE) | 18.1% | 14.5% | 13.4% | 18.3% | 16.8% | 29.9% | 36.9% | 38.1% |
| ROIC [EBIT / Invested Capital] | 27.8% | 14.5% | 12.9% | 20.3% | 17.6% | 29.8% | 14.9% | 17.7% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 17.1% | 13.7% | 25.2% | 18.5% | 16.2% | 13.9% | 0.1% | 21.4% |
| Debt-to-Equity | 0.28x | 0.22x | 0.45x | 0.31x | 0.27x | 0.22x | 0.00x | 0.46x |
| Debt-to-EBITDA | 0.76x | 1.17x | 2.21x | 1.20x | 1.18x | 0.73x | 0.01x | 1.71x |
| Equity-to-Assets | 61.5% | 62.9% | 56.2% | 59.1% | 59.8% | 62.2% | 78.7% | 46.5% |
| Net Debt | 12,716 | 6,054 | 23,249 | 7,342 | 7,810 | -6,688 | -10,537 | 11,908 |
| Cash & Equivalents | 3,576 | 7,751 | 6,270 | 12,455 | 10,630 | 28,183 | 10,731 | 8,164 |
| Total Debt | 16,292 | 13,805 | 29,519 | 19,797 | 18,440 | 21,495 | 194 | 20,072 |
| Liquidity & working capital | ||||||||
| Current Ratio | 2.05x | 2.73x | 2.18x | 2.20x | 2.23x | 2.48x | 3.39x | 2.70x |
| Quick Ratio | 1.03x | 1.78x | 1.41x | 1.41x | 1.49x | 1.68x | 2.78x | 1.85x |
| Cash Ratio | 0.12x | 0.26x | 0.15x | 0.35x | 0.28x | 0.60x | 0.28x | 0.25x |
| Total Current Assets | 59,885 | 81,106 | 93,137 | 78,224 | 83,280 | 115,883 | 132,179 | 86,917 |
| Total Current Liabilities | 29,239 | 29,699 | 42,726 | 35,591 | 37,381 | 46,769 | 38,955 | 32,179 |
| Inventory | 29,746 | 28,132 | 32,871 | 28,164 | 27,593 | 37,476 | 24,022 | 27,240 |
| Trade Receivables | 24,861 | 30,494 | 34,935 | 36,567 | 44,033 | 48,479 | 96,840 | 50,101 |
| Trade Payables | 19,097 | 20,959 | 21,507 | 23,797 | 25,446 | 35,569 | 27,491 | 30,212 |
| Net Working Capital | 30,646 | 51,407 | 50,411 | 42,633 | 45,899 | 69,114 | 93,224 | 54,738 |
| Net Working Capital % of Revenue | 25.3% | 38.6% | 32.4% | 27.4% | 25.2% | 32.8% | 60.1% | 33.0% |
| Trade Working Capital | 35,510 | 37,667 | 46,299 | 40,934 | 46,180 | 50,386 | 93,371 | 47,129 |
| Trade Working Capital % of Revenue | 29.3% | 28.3% | 29.7% | 26.4% | 25.4% | 23.9% | 60.2% | 28.5% |
| Change in Trade Working Capital | N/A | 2,157 | 8,632 | -5,365 | 5,246 | 4,206 | 42,985 | -46,242 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 3.00x | 3.47x | 3.51x | 3.99x | 4.92x | 3.79x | 4.22x | 4.24x |
| Days Inventory Outstanding (DIO) | 121.6 | 105.0 | 104.0 | 91.5 | 74.3 | 96.3 | 86.6 | 86.0 |
| Receivables Turnover | 4.88x | 4.37x | 4.45x | 4.25x | 4.13x | 4.35x | 1.60x | 3.31x |
| Days Sales Outstanding (DSO) | 74.8 | 83.5 | 81.9 | 85.9 | 88.4 | 83.9 | 228.0 | 110.4 |
| Payables Turnover | 4.67x | 4.66x | 5.36x | 4.72x | 5.33x | 3.99x | 3.68x | 3.83x |
| Days Payable Outstanding (DPO) | 78.1 | 78.3 | 68.1 | 77.4 | 68.5 | 91.4 | 99.1 | 95.4 |
| Cash Conversion Cycle | 118.4 days | 110.3 days | 117.9 days | 100.1 days | 94.1 days | 88.8 days | 215.5 days | 101.0 days |
| Asset Turnover | 1.27x | 1.33x | 1.33x | 1.45x | 1.60x | 1.36x | 0.85x | 1.76x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 9,985 | 13,943 | -9,470 | 16,131 | 4,894 | 21,046 | 27,786 | 64,115 |
| Free Cash Flow (OCF − Capex proxy) | 9,985 | 12,128 | -12,457 | 13,952 | 2,446 | 12,140 | 10,062 | 94,202 |
| Cash Conversion (OCF / EBITDA) | 46.6% | 118.5% | -70.8% | 98.1% | 31.3% | 71.1% | 126.4% | 547.5% |
| Dividends Declared | 6,259 | 4,933 | 8,185 | 4,267 | 6,974 | 5,020 | 17,267 | 95,489 |
| Dividend Payout Ratio | 58.9% | 53.9% | 92.8% | 36.9% | 61.1% | 17.4% | 32.6% | 574.2% |
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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