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Operates in Hospitality — Accommodation. Per the activity note to the FY2023 annual report, the company operates hotels and accommodation facilities with restaurants.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 84.7% | 63.1% | 78.2% | 77.8% | 71.8% | 72.2% |
| EBITDA Margin | 1.1% | 24.5% | 9.5% | 21.0% | 35.1% | 35.6% |
| EBITDAR | 4 | 384 | 122 | 304 | 662 | 910 |
| EBITDAR Margin | 1.6% | 24.6% | 9.5% | 21.0% | 35.6% | 36.1% |
| EBIT Margin | -28.0% | 15.6% | -19.0% | -4.4% | 16.3% | 23.3% |
| Net Profit Margin | 1.1% | 23.6% | -29.1% | -13.8% | 18.4% | 4.3% |
| Operating Expense % of Sales | 83.6% | 38.6% | 68.7% | 56.7% | 36.8% | 36.5% |
| Returns | ||||||
| Return on Assets (ROA) | 0.1% | 6.2% | -6.7% | -3.8% | 6.9% | 2.2% |
| Return on Equity (ROE) | 19.9% | N/A | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | -3.2% | 4.3% | -4.5% | -1.2% | 6.4% | 12.5% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 98.8% | 115.3% | 121.8% | 127.5% | 122.4% | 119.4% |
| Debt-to-Equity | 155.56x | -6.88x | -4.98x | -4.23x | -4.89x | -5.19x |
| Debt-to-EBITDA | 780.27x | 18.01x | 55.99x | 21.97x | 9.27x | 6.51x |
| Equity-to-Assets | 0.6% | -16.8% | -24.5% | -30.2% | -25.0% | -23.0% |
| Net Debt | 2,427 | 6,633 | 6,825 | 6,623 | 5,962 | 5,840 |
| Cash & Equivalents | N/A | 268 | 28 | 46 | 81 | 12 |
| Total Debt | 2,427 | 6,900 | 6,853 | 6,669 | 6,043 | 5,852 |
| Liquidity & working capital | ||||||
| Current Ratio | N/A | 6.45x | 3.26x | 2.93x | 3.32x | 3.54x |
| Quick Ratio | N/A | 5.74x | 2.72x | 2.93x | 3.32x | 3.54x |
| Cash Ratio | N/A | 3.05x | 0.19x | 0.34x | 0.63x | 0.07x |
| Total Current Assets | N/A | 567 | 491 | 403 | 428 | 616 |
| Total Current Liabilities | N/A | 88 | 151 | 138 | 129 | 174 |
| Inventory | N/A | 63 | 82 | N/A | N/A | N/A |
| Trade Receivables | N/A | 18 | 10 | 38 | 14 | 26 |
| Trade Payables | N/A | 58 | 67 | 35 | 44 | 91 |
| Net Working Capital | N/A | 479 | 341 | 265 | 299 | 442 |
| Net Working Capital % of Revenue | N/A | 30.6% | 26.5% | 18.4% | 16.1% | 17.5% |
| Trade Working Capital | N/A | 22 | 25 | 3 | -30 | -65 |
| Trade Working Capital % of Revenue | N/A | 1.4% | 1.9% | 0.2% | -1.6% | -2.6% |
| Change in Trade Working Capital | N/A | 22 | 3 | -22 | -33 | -35 |
| Turnover & efficiency | ||||||
| Inventory Turnover | N/A | 9.22x | 3.42x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 39.6 | 106.8 | N/A | N/A | N/A |
| Receivables Turnover | N/A | 88.20x | 131.52x | 37.91x | 136.67x | 96.31x |
| Days Sales Outstanding (DSO) | N/A | 4.1 | 2.8 | 9.6 | 2.7 | 3.8 |
| Payables Turnover | N/A | 9.87x | 4.19x | 9.20x | 11.95x | 7.68x |
| Days Payable Outstanding (DPO) | N/A | 37.0 | 87.1 | 39.7 | 30.6 | 47.5 |
| Cash Conversion Cycle | N/A | 6.8 days | 22.5 days | -30.0 days | -27.9 days | -43.8 days |
| Asset Turnover | 0.11x | 0.26x | 0.23x | 0.28x | 0.38x | 0.51x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | N/A | N/A | -240 | 18 | 35 | -69 |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | -240 | 18 | 35 | -69 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | -195.8% | 5.9% | 5.4% | -7.7% |
| 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 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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