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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Hospitality — Tour Operators. Per the activity note to the FY2023 annual report, the company carries out tour operator activities. Executive director Irakli Tavartkiladze; parent company: Metro Eurasia Investment Georgia.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 33.6% | 14.1% | 100.0% | 100.0% | 100.0% | 100.0% | 97.2% |
| EBITDA Margin | 10.6% | 6.0% | 45.0% | -636.5% | 25.5% | 15.6% | 28.4% |
| EBITDAR | 3,466 | 831 | 1,177 | -485 | 327 | 180 | 442 |
| EBITDAR Margin | 16.5% | 6.0% | 45.0% | -636.5% | 25.5% | 15.6% | 28.4% |
| EBIT Margin | 10.3% | 5.7% | 42.0% | -741.6% | 19.9% | 9.5% | 23.8% |
| Net Profit Margin | 10.6% | 6.0% | 41.1% | -636.5% | 25.5% | 2.8% | 25.3% |
| Operating Expense % of Sales | 23.0% | 8.0% | 55.0% | 736.5% | 74.5% | 84.4% | 68.8% |
| Returns | |||||||
| Return on Assets (ROA) | 82.3% | 30.2% | 29.2% | -25.2% | 15.0% | 1.8% | 16.6% |
| Return on Equity (ROE) | 134.3% | 50.9% | 135.8% | -158.8% | 85.3% | 7.8% | 48.7% |
| ROIC [EBIT / Invested Capital] | 234.5% | 53.3% | 293.5% | -4670.1% | N/A | 108.4% | 135.3% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.00x | N/A | 0.00x | 0.00x | 0.00x |
| Equity-to-Assets | 61.3% | 59.2% | 21.5% | 15.9% | 17.5% | 22.9% | 34.1% |
| Net Debt | -726 | -161 | -417 | -293 | -571 | -315 | -536 |
| Cash & Equivalents | 726 | 161 | 417 | 293 | 571 | 315 | 536 |
| Total Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Liquidity & working capital | |||||||
| Current Ratio | 1.17x | 1.58x | 0.42x | 0.44x | 0.70x | 2.74x | 2.11x |
| Quick Ratio | 1.17x | 1.58x | 0.42x | 0.43x | 0.70x | 2.74x | 2.11x |
| Cash Ratio | 0.74x | 0.16x | 0.15x | 0.18x | 0.33x | 0.95x | 2.10x |
| Total Current Assets | 1,143 | 1,558 | 1,153 | 705 | 1,208 | 906 | 539 |
| Total Current Liabilities | 981 | 985 | 2,716 | 1,618 | 1,721 | 331 | 255 |
| Inventory | N/A | N/A | 1 | 2 | N/A | N/A | N/A |
| Trade Receivables | 417 | 541 | 736 | 412 | 368 | 389 | 539 |
| Trade Payables | 616 | 747 | 2,614 | 1,465 | 1,577 | 1,327 | 1,326 |
| Net Working Capital | 162 | 573 | -1,564 | -912 | -513 | 575 | 283 |
| Net Working Capital % of Revenue | 0.8% | 4.2% | -59.8% | -1197.0% | -39.9% | 49.6% | 18.2% |
| Trade Working Capital | -199 | -206 | -1,877 | -1,050 | -1,209 | -939 | -788 |
| Trade Working Capital % of Revenue | -1.0% | -1.5% | -71.8% | -1377.7% | -94.1% | -81.0% | -50.6% |
| Change in Trade Working Capital | N/A | -7 | -1,671 | 826 | -159 | 271 | 151 |
| 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 | 50.29x | 25.38x | 3.55x | 0.18x | 3.49x | 2.98x | 2.89x |
| Days Sales Outstanding (DSO) | 7.3 | 14.4 | 102.7 | 1973.0 | 104.5 | 122.4 | 126.4 |
| Payables Turnover | 22.59x | 15.79x | N/A | N/A | N/A | N/A | 0.03x |
| Days Payable Outstanding (DPO) | 16.2 | 23.1 | N/A | N/A | N/A | N/A | 11217.2 |
| Cash Conversion Cycle | -8.9 days | -8.7 days | 102.7 days | 1973.0 days | 104.5 days | 122.4 days | -11090.9 days |
| Asset Turnover | 7.79x | 5.03x | 0.71x | 0.04x | 0.59x | 0.64x | 0.65x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 1,823 | -533 | 1,100 | -423 | 559 | 63 | 329 |
| Free Cash Flow (OCF − Capex proxy) | 1,823 | -568 | 1,060 | -1,215 | 558 | 60 | 173 |
| Cash Conversion (OCF / EBITDA) | 82.4% | -64.1% | 93.4% | N/A | 170.9% | 34.8% | 74.5% |
| 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.
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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