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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 0 · FY2023 0
Rich Metals Group's gold mining arm, extracting gold from deposits in the Bolnisi region of Georgia.
Subsidiary of Shezghuduli Pasukhismgeblobissazogadoeba Maining Investments (96.2%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 24.3% | 23.1% | 31.0% | 29.9% | 18.8% | 17.2% |
| EBITDA Margin | 8.0% | 13.2% | 22.2% | 16.0% | 9.7% | 9.3% |
| EBITDAR | 16,705 | 31,362 | 82,577 | 46,417 | 32,102 | 30,122 |
| EBITDAR Margin | 8.0% | 13.2% | 22.2% | 16.0% | 9.7% | 9.3% |
| EBIT Margin | 7.4% | 12.5% | 22.1% | 15.8% | 9.6% | 9.2% |
| Net Profit Margin | 20.9% | 9.3% | 28.4% | 15.7% | 9.1% | 11.3% |
| Operating Expense % of Sales | 16.3% | 9.9% | 8.7% | 15.3% | 10.6% | 10.5% |
| Returns | ||||||
| Return on Assets (ROA) | 13.2% | 6.3% | 21.9% | 8.5% | 5.6% | 6.2% |
| Return on Equity (ROE) | 36.3% | 15.5% | 42.4% | 15.4% | 9.2% | 10.2% |
| ROIC [EBIT / Invested Capital] | 7.3% | 13.1% | 23.8% | 12.0% | 7.9% | 6.5% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 27.3% | 24.2% | 20.1% | 16.8% | 14.6% | 16.1% |
| Debt-to-Equity | 0.75x | 0.59x | 0.39x | 0.30x | 0.24x | 0.26x |
| Debt-to-EBITDA | 5.45x | 2.70x | 1.17x | 1.92x | 2.44x | 3.18x |
| Equity-to-Assets | 36.3% | 41.0% | 51.7% | 55.4% | 60.3% | 60.8% |
| Net Debt | 91,053 | 84,657 | 96,789 | 88,818 | 78,017 | 95,352 |
| Cash & Equivalents | 72 | 158 | 171 | 278 | 397 | 297 |
| Total Debt | 91,125 | 84,815 | 96,960 | 89,096 | 78,414 | 95,649 |
| Liquidity & working capital | ||||||
| Current Ratio | 1.43x | 4.53x | 0.39x | 1.21x | 1.87x | 1.33x |
| Quick Ratio | 0.35x | 2.52x | 0.29x | 0.77x | 1.22x | 1.03x |
| Cash Ratio | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Total Current Assets | 121,536 | 163,905 | 80,878 | 135,191 | 181,117 | 253,890 |
| Total Current Liabilities | 84,901 | 36,199 | 205,057 | 111,945 | 97,095 | 190,737 |
| Inventory | 91,929 | 72,679 | 21,332 | 48,616 | 62,282 | 57,848 |
| Trade Receivables | 25,460 | 1,266 | 50,499 | 75,517 | 104,645 | 169,383 |
| Trade Payables | 40,303 | 35,853 | 25,051 | 33,016 | 27,221 | 26,925 |
| Net Working Capital | 36,635 | 127,706 | -124,179 | 23,246 | 84,022 | 63,153 |
| Net Working Capital % of Revenue | 17.4% | 53.7% | -33.5% | 8.0% | 25.5% | 19.4% |
| Trade Working Capital | 77,086 | 38,092 | 46,780 | 91,117 | 139,706 | 200,306 |
| Trade Working Capital % of Revenue | 36.7% | 16.0% | 12.6% | 31.5% | 42.4% | 61.7% |
| Change in Trade Working Capital | N/A | -38,994 | 8,688 | 44,337 | 48,589 | 60,600 |
| Turnover & efficiency | ||||||
| Inventory Turnover | 1.73x | 2.52x | 12.01x | 4.17x | 4.29x | 4.65x |
| Days Inventory Outstanding (DIO) | 211.0 | 145.0 | 30.4 | 87.5 | 85.0 | 78.5 |
| Receivables Turnover | 8.25x | 187.94x | 7.35x | 3.83x | 3.15x | 1.92x |
| Days Sales Outstanding (DSO) | 44.3 | 1.9 | 49.7 | 95.3 | 115.9 | 190.3 |
| Payables Turnover | 3.95x | 5.10x | 10.23x | 6.14x | 9.83x | 9.99x |
| Days Payable Outstanding (DPO) | 92.5 | 71.6 | 35.7 | 59.4 | 37.1 | 36.5 |
| Cash Conversion Cycle | 162.8 days | 75.4 days | 44.4 days | 123.4 days | 163.7 days | 232.3 days |
| Asset Turnover | 0.63x | 0.68x | 0.77x | 0.54x | 0.61x | 0.55x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | 49,571 | 129,180 | 121,547 | 22,671 | 4,713 | 5,611 |
| Free Cash Flow (OCF − Capex proxy) | -13,086 | 11,852 | -3,060 | 1,883 | 2,830 | -13,317 |
| Cash Conversion (OCF / EBITDA) | 296.7% | 411.9% | 147.2% | 48.8% | 14.7% | 18.6% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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.
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Ownership & directors from companyinfo.ge (public corporate registry).
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