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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Public-interest entity in Georgia. Limited public information available beyond the Reportal filing.
Subsidiary of Sakhelmtsipo (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 94.3% | 89.3% | 97.5% | 96.8% | 98.0% | 97.7% | 98.5% | 96.2% |
| EBITDA Margin | 29.5% | -36.5% | 213.7% | -71.5% | -404.1% | -114.6% | -134.5% | -84.7% |
| EBITDAR | 2,653 | -4,550 | 33,503 | -7,493 | -16,772 | -13,912 | -21,159 | -20,895 |
| EBITDAR Margin | 29.5% | -36.5% | 213.7% | -71.5% | -404.1% | -114.6% | -134.5% | -84.7% |
| EBIT Margin | -34.5% | -140.5% | 143.1% | -93.1% | -453.1% | -130.7% | -165.3% | -99.6% |
| Net Profit Margin | -99.4% | -132.2% | -1279.1% | 71.1% | -544.7% | -16.8% | -48.4% | -65.9% |
| Operating Expense % of Sales | 64.7% | 125.9% | 114.0% | 169.3% | 504.8% | 213.1% | 233.7% | 180.9% |
| Returns | ||||||||
| Return on Assets (ROA) | -3.0% | -4.5% | -82.7% | 5.8% | -14.0% | -0.9% | -5.2% | -11.0% |
| Return on Equity (ROE) | -3.1% | -5.0% | -118.1% | 6.0% | -19.3% | -2.1% | -8.3% | -18.3% |
| ROIC [EBIT / Invested Capital] | -1.3% | -5.8% | 12.5% | -8.3% | -20.8% | N/A | -51.0% | -34.6% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 5.0% | 8.3% | 0.2% | 0.0% | 0.1% | 0.1% | 0.0% |
| Debt-to-Equity | 0.00x | 0.06x | 0.12x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.00x | N/A | 0.60x | N/A | N/A | N/A | N/A | N/A |
| Equity-to-Assets | 97.5% | 89.9% | 70.1% | 97.0% | 72.6% | 44.9% | 62.9% | 60.1% |
| Net Debt | -41,951 | -30,414 | 9,722 | -6,303 | -26,335 | -129,121 | -41,016 | -17,567 |
| Cash & Equivalents | 41,951 | 48,613 | 10,278 | 6,496 | 26,396 | 129,281 | 41,142 | 17,567 |
| Total Debt | N/A | 18,199 | 20,000 | 193 | 61 | 160 | 126 | N/A |
| Liquidity & working capital | ||||||||
| Current Ratio | 6.99x | 1.81x | 0.42x | 4.57x | 0.78x | 1.14x | 0.96x | 0.58x |
| Quick Ratio | 5.91x | 1.45x | -0.54x | 3.13x | 0.67x | 1.09x | 0.81x | 0.37x |
| Cash Ratio | 5.73x | 1.31x | 0.18x | 1.67x | 0.60x | 1.06x | 0.76x | 0.30x |
| Total Current Assets | 51,183 | 67,083 | 24,153 | 17,787 | 34,422 | 139,099 | 52,028 | 33,867 |
| Total Current Liabilities | 7,319 | 37,100 | 58,019 | 3,890 | 44,214 | 121,818 | 54,053 | 58,875 |
| Inventory | 7,949 | 13,241 | 55,461 | 5,594 | 4,821 | 5,769 | 8,436 | 12,281 |
| Trade Receivables | 49 | 205 | 82 | 45 | 73 | 115 | 847 | 1,262 |
| Trade Payables | 7,319 | 18,275 | 35,381 | 2,272 | 26,803 | 9,337 | 32,873 | 7,695 |
| Net Working Capital | 43,864 | 29,983 | -33,866 | 13,897 | -9,792 | 17,281 | -2,025 | -25,008 |
| Net Working Capital % of Revenue | 488.4% | 240.8% | -216.1% | 132.6% | -236.0% | 142.3% | -12.9% | -101.4% |
| Trade Working Capital | 679 | -4,829 | 20,162 | 3,367 | -21,909 | -3,453 | -23,590 | 5,848 |
| Trade Working Capital % of Revenue | 7.6% | -38.8% | 128.6% | 32.1% | -527.9% | -28.4% | -150.0% | 23.7% |
| Change in Trade Working Capital | N/A | -5,508 | 24,991 | -16,795 | -25,276 | 18,456 | -20,137 | 29,438 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 0.06x | 0.10x | 0.01x | 0.06x | 0.02x | 0.05x | 0.03x | 0.08x |
| Days Inventory Outstanding (DIO) | 5659.2 | 3644.8 | 52039.2 | 6058.8 | 21459.3 | 7601.8 | 12883.4 | 4794.2 |
| Receivables Turnover | 183.27x | 60.73x | 191.16x | 232.84x | 56.85x | 105.60x | 18.57x | 19.55x |
| Days Sales Outstanding (DSO) | 2.0 | 6.0 | 1.9 | 1.6 | 6.4 | 3.5 | 19.7 | 18.7 |
| Payables Turnover | 0.07x | 0.07x | 0.01x | 0.15x | 0.00x | 0.03x | 0.01x | 0.12x |
| Days Payable Outstanding (DPO) | 5210.7 | 5030.4 | 33198.1 | 2460.8 | 119306.0 | 12303.3 | 50203.5 | 3003.9 |
| Cash Conversion Cycle | 450.5 days | -1379.7 days | 18843.0 days | 3599.6 days | -97840.3 days | -4698.1 days | -37300.5 days | 1808.9 days |
| Asset Turnover | 0.03x | 0.03x | 0.06x | 0.08x | 0.03x | 0.05x | 0.11x | 0.17x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | -1,866 | 1,502 | -5,197 | -1,564 | -11,425 | 9,584 | 4,354 | -20,529 |
| Free Cash Flow (OCF − Capex proxy) | -1,866 | -63,570 | -57,282 | -56,277 | -30,090 | -176,969 | -89,959 | -58,808 |
| Cash Conversion (OCF / EBITDA) | -70.3% | N/A | -15.5% | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | N/A | 0.0% | 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.
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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