Mtsvane Bazari (შპს მწვანე ბაზარი)

panel 2026-09-21Ask

Mtsvane Bazari (შპს მწვანე ბაზარი) — Georgia Financials

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	100.0%	100.0%	100.0%	98.9%	100.0%	100.0%	100.0%
EBITDA Margin	18.4%	57.5%	41.1%	-28.9%	22.8%	40.2%	54.1%
EBITDAR	169	542	451	-236	285	509	909
EBITDAR Margin	18.4%	57.5%	46.2%	-25.6%	25.5%	42.8%	56.1%
EBIT Margin	15.3%	52.2%	35.8%	-33.9%	18.3%	34.2%	47.6%
Net Profit Margin	5.7%	40.9%	41.1%	14.1%	90.6%	51.5%	40.3%
Operating Expense % of Sales	81.6%	42.5%	58.9%	127.8%	77.2%	59.8%	45.9%
Returns
Return on Assets (ROA)	1.4%	8.7%	10.0%	2.6%	19.5%	11.2%	11.6%
Return on Equity (ROE)	1.9%	12.7%	16.9%	5.2%	32.8%	18.5%	17.9%
ROIC [EBIT / Invested Capital]	4.1%	11.5%	9.9%	-7.8%	4.6%	8.6%	15.5%
Leverage & debt balances
Debt-to-Assets	23.4%	28.6%	32.3%	40.2%	30.3%	29.6%	24.4%
Debt-to-Equity	0.33x	0.42x	0.55x	0.81x	0.51x	0.49x	0.37x
Debt-to-EBITDA	5.35x	2.34x	3.24x	N/A	6.17x	3.37x	1.57x
Equity-to-Assets	70.5%	68.6%	59.0%	50.0%	59.4%	60.7%	65.1%
Net Debt	746	1,246	1,152	1,501	1,381	1,405	1,303
Cash & Equivalents	161	23	149	517	194	209	69
Total Debt	907	1,268	1,301	2,018	1,575	1,614	1,372
Liquidity & working capital
Current Ratio	1.23x	1.00x	1.03x	1.42x	0.58x	0.51x	0.50x
Quick Ratio	1.23x	1.00x	1.00x	1.42x	0.58x	0.51x	0.50x
Cash Ratio	0.14x	0.02x	0.09x	1.37x	0.50x	0.44x	0.14x
Total Current Assets	1,403	1,395	1,709	536	224	243	248
Total Current Liabilities	1,142	1,391	1,652	378	386	474	501
Inventory	N/A	N/A	51	N/A	N/A	N/A	N/A
Trade Receivables	1,242	1,372	1,509	1,910	2,269	2,436	2,529
Trade Payables	234	123	328	377	430	474	592
Net Working Capital	262	4	57	157	-162	-230	-253
Net Working Capital % of Revenue	28.5%	0.4%	5.9%	17.1%	-14.5%	-19.4%	-15.6%
Trade Working Capital	1,008	1,249	1,232	1,533	1,839	1,962	1,938
Trade Working Capital % of Revenue	109.6%	132.6%	126.3%	166.4%	164.6%	165.0%	119.6%
Change in Trade Working Capital	N/A	241	-17	301	306	123	-24
Turnover & efficiency
Inventory Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Receivables Turnover	0.74x	0.69x	0.65x	0.48x	0.49x	0.49x	0.64x
Days Sales Outstanding (DSO)	493.1	531.6	564.4	756.9	741.1	747.5	569.6
Payables Turnover	N/A	N/A	N/A	0.03x	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A	14164.2	N/A	N/A	N/A
Cash Conversion Cycle	493.1 days	531.6 days	564.4 days	-13407.3 days	741.1 days	747.5 days	569.6 days
Asset Turnover	0.24x	0.21x	0.24x	0.18x	0.22x	0.22x	0.29x
Cash flow & dividends
Operating Cash Flow	-170	95	401	130	428	1,047	1,335
Free Cash Flow (OCF − Capex proxy)	-458	-499	126	47	-41	215	319
Cash Conversion (OCF / EBITDA)	-100.5%	17.4%	100.0%	N/A	167.5%	218.8%	152.3%
Dividends Declared	N/A	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	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.

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