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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in FMCG — Distribution - Unspecified. Per the activity note to the FY2023 annual report, the company carries out unspecialized wholesale trade in cleaning products, hygiene products and other goods. Sole owner: Enver Gogolisvili; operates in Batumi.
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | 6.9% | 10.6% | 11.6% | 14.1% | 12.0% |
| EBITDA Margin | 2.6% | 2.3% | 8.0% | 9.6% | 6.6% |
| EBITDAR | 88 | 76 | 362 | 322 | 148 |
| EBITDAR Margin | 2.6% | 2.3% | 9.6% | 11.6% | 9.2% |
| EBIT Margin | 2.6% | 2.2% | 7.9% | 9.6% | 6.6% |
| Net Profit Margin | 1.6% | 1.9% | 6.6% | 10.7% | 2.8% |
| Operating Expense % of Sales | 4.3% | 8.4% | 3.6% | 4.5% | 5.4% |
| Returns | |||||
| Return on Assets (ROA) | 4.0% | 5.4% | 21.7% | 24.1% | 3.3% |
| Return on Equity (ROE) | 27.2% | 32.8% | 89.2% | 61.7% | 10.2% |
| ROIC [EBIT / Invested Capital] | 20.9% | 10.5% | 35.5% | 29.7% | 41.8% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 19.0% | 45.7% | 59.0% | 46.4% | 36.8% |
| Debt-to-Equity | 1.29x | 2.79x | 2.42x | 1.19x | 1.15x |
| Debt-to-EBITDA | 2.87x | 7.34x | 2.25x | 2.15x | 4.71x |
| Equity-to-Assets | 14.7% | 16.4% | 24.4% | 39.0% | 32.1% |
| Net Debt | 220 | 519 | 566 | 416 | -184 |
| Cash & Equivalents | 32 | 40 | 111 | 157 | 687 |
| Total Debt | 251 | 559 | 677 | 573 | 503 |
| Liquidity & working capital | |||||
| Current Ratio | 1.43x | 2.42x | 5.25x | 6.84x | 3.22x |
| Quick Ratio | 0.62x | 1.15x | 5.25x | 6.84x | 3.22x |
| Cash Ratio | 0.04x | 0.09x | 0.58x | 0.87x | 1.62x |
| Total Current Assets | 1,252 | 1,120 | 1,002 | 1,235 | 1,365 |
| Total Current Liabilities | 878 | 463 | 191 | 181 | 424 |
| Inventory | 711 | 588 | N/A | N/A | N/A |
| Trade Receivables | 547 | 589 | 434 | 473 | 479 |
| Trade Payables | 861 | 461 | 187 | 163 | 409 |
| Net Working Capital | 373 | 657 | 811 | 1,054 | 941 |
| Net Working Capital % of Revenue | 11.3% | 19.4% | 21.5% | 38.0% | 58.2% |
| Trade Working Capital | 396 | 716 | 247 | 310 | 70 |
| Trade Working Capital % of Revenue | 12.0% | 21.2% | 6.5% | 11.2% | 4.3% |
| Change in Trade Working Capital | N/A | 320 | -469 | 63 | -240 |
| Turnover & efficiency | |||||
| Inventory Turnover | 4.34x | 5.14x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | 84.2 | 71.0 | N/A | N/A | N/A |
| Receivables Turnover | 6.05x | 5.74x | 8.72x | 5.86x | 3.37x |
| Days Sales Outstanding (DSO) | 60.3 | 63.6 | 41.9 | 62.3 | 108.3 |
| Payables Turnover | 3.58x | 6.56x | 17.91x | 14.61x | 3.47x |
| Days Payable Outstanding (DPO) | 102.1 | 55.6 | 20.4 | 25.0 | 105.1 |
| Cash Conversion Cycle | 42.4 days | 78.9 days | 21.5 days | 37.4 days | 3.2 days |
| Asset Turnover | 2.50x | 2.76x | 3.30x | 2.24x | 1.18x |
| Cash flow & dividends | |||||
| Operating Cash Flow | 254 | -133 | 177 | 289 | 727 |
| Free Cash Flow (OCF − Capex proxy) | 253 | -133 | 177 | 289 | 727 |
| Cash Conversion (OCF / EBITDA) | 289.6% | -174.6% | 58.8% | 108.3% | 680.3% |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | 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).
Ranked by how close each latest revenue is to this one — not a curated comp set.