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Operates in Hospitality — Accommodation. Per the activity note to the FY2024 annual report, the company provides hotel services. Founded 16 May 2008; located in Batumi; wholly owned by Amiran Darchi.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 68.6% | 80.0% | 79.4% | 58.7% | 94.5% | 93.4% | 92.7% | 91.0% |
| EBITDA Margin | -38.8% | -0.7% | 7.4% | -60.5% | 28.1% | 4.1% | -0.4% | -50.8% |
| EBITDAR | -919 | -15 | 160 | -674 | 370 | 94 | -8 | -975 |
| EBITDAR Margin | -38.6% | -0.6% | 7.4% | -60.5% | 28.1% | 4.1% | -0.4% | -50.8% |
| EBIT Margin | -63.3% | -22.4% | 7.4% | -101.0% | 4.5% | -12.5% | -0.4% | -50.8% |
| Net Profit Margin | -43.8% | -1.6% | -6.8% | -60.5% | 4.7% | -11.7% | -0.4% | -52.5% |
| Operating Expense % of Sales | 107.4% | 80.7% | 72.0% | 119.1% | 66.4% | 89.2% | 93.1% | 141.8% |
| Returns | ||||||||
| Return on Assets (ROA) | -15.7% | -0.7% | -2.7% | -13.9% | 1.3% | -5.7% | -0.2% | -23.0% |
| Return on Equity (ROE) | -117.4% | -4.7% | -2.8% | -14.0% | 1.3% | -5.8% | -0.2% | -28.1% |
| ROIC [EBIT / Invested Capital] | -29.1% | -10.2% | 3.0% | -23.5% | 1.2% | -6.6% | -0.2% | -23.2% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 65.3% | 79.9% | 1.8% | 0.0% | 0.0% | 0.0% | 0.0% | 14.6% |
| Debt-to-Equity | 4.90x | 5.59x | 0.02x | 0.00x | 0.00x | 0.00x | 0.00x | 0.18x |
| Debt-to-EBITDA | N/A | N/A | 0.62x | N/A | 0.00x | 0.00x | N/A | N/A |
| Equity-to-Assets | 13.3% | 14.3% | 95.8% | 99.1% | 99.4% | 98.6% | 97.9% | 82.0% |
| Net Debt | 4,287 | 4,727 | 89 | -16 | -12 | -320 | -346 | 618 |
| Cash & Equivalents | 61 | 15 | 11 | 16 | 12 | 320 | 346 | 21 |
| Total Debt | 4,348 | 4,742 | 100 | N/A | N/A | N/A | N/A | 639 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.11x | 0.30x | 4.37x | 55.47x | 15.74x | 4.01x | 2.63x | 2.69x |
| Quick Ratio | 0.11x | 0.30x | 0.78x | 4.58x | 15.74x | 4.01x | 2.63x | 2.69x |
| Cash Ratio | 0.02x | 0.01x | 0.09x | 1.92x | 0.39x | 4.96x | 3.46x | 0.14x |
| Total Current Assets | 285 | 582 | 551 | 455 | 489 | 259 | 263 | 406 |
| Total Current Liabilities | 2,688 | 1,931 | 126 | 8 | 31 | 64 | 100 | 151 |
| Inventory | N/A | N/A | 453 | 418 | N/A | N/A | N/A | N/A |
| Trade Receivables | 225 | 83 | 79 | 22 | 56 | 119 | 116 | 152 |
| Trade Payables | 1,410 | 240 | 28 | N/A | N/A | 50 | 50 | 146 |
| Net Working Capital | -2,403 | -1,349 | 425 | 447 | 458 | 194 | 163 | 255 |
| Net Working Capital % of Revenue | -100.9% | -53.1% | 19.7% | 40.1% | 34.8% | 8.5% | 8.0% | 13.3% |
| Trade Working Capital | -1,185 | -157 | 504 | 439 | 56 | 69 | 67 | 6 |
| Trade Working Capital % of Revenue | -49.8% | -6.2% | 23.4% | 39.4% | 4.3% | 3.0% | 3.3% | 0.3% |
| Change in Trade Working Capital | N/A | 1,028 | 661 | -65 | -383 | 13 | -3 | -61 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | N/A | 0.98x | 1.10x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | 372.1 | 330.8 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 10.60x | 30.65x | 27.23x | 51.13x | 23.42x | 19.04x | 17.46x | 12.63x |
| Days Sales Outstanding (DSO) | 34.4 | 11.9 | 13.4 | 7.1 | 15.6 | 19.2 | 20.9 | 28.9 |
| Payables Turnover | 0.53x | 2.12x | 16.03x | N/A | N/A | 3.00x | 2.97x | 1.18x |
| Days Payable Outstanding (DPO) | 688.2 | 172.4 | 22.8 | N/A | N/A | 121.8 | 122.9 | 310.6 |
| Cash Conversion Cycle | -653.8 days | -160.5 days | 362.7 days | 337.9 days | 15.6 days | -102.7 days | -102.0 days | -281.7 days |
| Asset Turnover | 0.36x | 0.43x | 0.40x | 0.23x | 0.27x | 0.49x | 0.43x | 0.44x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 2,811 | 3,191 | 2,303 | 1,605 | 1,498 | 5,599 | 2,367 | 1,332 |
| Free Cash Flow (OCF − Capex proxy) | 2,811 | 3,191 | 2,303 | 1,724 | 1,498 | 5,599 | 2,367 | 2,654 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | 1440.4% | N/A | 405.2% | 5966.4% | N/A | N/A |
| Dividends Declared | N/A | 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 | 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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