Alaverdi Alcoholic Beverages Company (შპს ალკოჰოლური სასმელების კომპანია ალავერდი)

panel 2026-09-21Ask

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	55.1%	38.8%	33.0%	28.3%	14.4%	12.7%	17.3%
EBITDA Margin	15.1%	8.5%	27.3%	21.9%	6.7%	7.7%	13.3%
EBITDAR	1,130	815	4,964	5,276	1,199	2,321	4,145
EBITDAR Margin	15.1%	8.5%	27.3%	21.9%	6.7%	7.7%	13.3%
EBIT Margin	15.1%	8.5%	25.5%	21.1%	5.5%	7.0%	12.6%
Net Profit Margin	15.1%	-15.8%	1.6%	35.2%	18.1%	-2.4%	4.5%
Operating Expense % of Sales	40.0%	30.3%	5.7%	6.3%	7.7%	5.0%	4.0%
Returns
Return on Assets (ROA)	4.0%	-5.4%	0.9%	19.7%	8.0%	-1.7%	3.3%
Return on Equity (ROE)	N/A	N/A	N/A	1434.2%	84.6%	-23.5%	31.0%
ROIC [EBIT / Invested Capital]	4.2%	3.1%	16.5%	14.9%	3.0%	6.2%	11.2%
Leverage & debt balances
Debt-to-Assets	121.3%	125.4%	114.2%	85.4%	74.0%	70.9%	72.0%
Debt-to-Equity	-5.18x	-4.27x	-4.87x	62.30x	7.78x	10.00x	6.83x
Debt-to-EBITDA	30.51x	42.81x	7.72x	6.97x	24.83x	13.35x	7.40x
Equity-to-Assets	-23.4%	-29.3%	-23.5%	1.4%	9.5%	7.1%	10.5%
Net Debt	33,837	34,699	35,933	33,432	29,000	30,633	30,558
Cash & Equivalents	625	190	2,370	3,327	772	360	115
Total Debt	34,462	34,889	38,303	36,759	29,772	30,993	30,673
Liquidity & working capital
Current Ratio	1.44x	0.54x	0.71x	1.68x	0.81x	0.93x	0.81x
Quick Ratio	1.44x	0.54x	0.46x	1.08x	0.50x	0.60x	0.52x
Cash Ratio	1.04x	0.01x	0.11x	0.24x	0.03x	0.01x	0.00x
Total Current Assets	868	8,339	15,264	23,292	22,585	27,329	24,614
Total Current Liabilities	602	15,419	21,370	13,877	27,718	29,286	30,336
Inventory	N/A	N/A	5,340	8,236	8,712	9,821	8,750
Trade Receivables	243	1,793	6,407	10,093	9,981	14,124	15,312
Trade Payables	95	520	2,612	4,946	4,564	8,740	6,879
Net Working Capital	266	-7,080	-6,106	9,415	-5,133	-1,957	-5,722
Net Working Capital % of Revenue	3.6%	-73.8%	-33.6%	39.2%	-28.7%	-6.5%	-18.4%
Trade Working Capital	148	1,273	9,135	13,383	14,129	15,205	17,183
Trade Working Capital % of Revenue	2.0%	13.3%	50.3%	55.7%	79.1%	50.7%	55.1%
Change in Trade Working Capital	N/A	1,125	7,862	4,248	746	1,076	1,978
Turnover & efficiency
Inventory Turnover	N/A	N/A	2.28x	2.09x	1.75x	2.67x	2.95x
Days Inventory Outstanding (DIO)	N/A	N/A	160.3	174.3	208.1	136.9	123.9
Receivables Turnover	30.79x	5.35x	2.83x	2.38x	1.79x	2.12x	2.04x
Days Sales Outstanding (DSO)	11.9	68.2	128.8	153.2	204.0	171.8	179.3
Payables Turnover	35.35x	11.28x	4.66x	3.49x	3.35x	3.00x	3.75x
Days Payable Outstanding (DPO)	10.3	32.4	78.4	104.7	109.0	121.8	97.4
Cash Conversion Cycle	1.5 days	35.9 days	210.7 days	222.9 days	303.0 days	186.8 days	205.8 days
Asset Turnover	0.26x	0.34x	0.54x	0.56x	0.44x	0.69x	0.73x
Cash flow & dividends
Operating Cash Flow	213	2,879	2,725	774	2,337	188	2,181
Free Cash Flow (OCF − Capex proxy)	213	2,174	2,428	-1,352	633	-139	1,951
Cash Conversion (OCF / EBITDA)	18.9%	353.3%	54.9%	14.7%	194.9%	8.1%	52.6%
Dividends Declared	N/A	0	0	0	0	0	0
Dividend Payout Ratio	N/A	N/A	0.0%	0.0%	0.0%	N/A	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.

Alaverdi Alcoholic Beverages Company

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