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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Operates in Industrial Goods — Textiles & Fibers. Per the activity note to the FY2024 annual report, the company manufactures textile products from fabric and exports them; provides cutting services.
Group parent — controls 1 company · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 72.0% | 72.5% | 76.5% | 66.0% | 55.9% | 22.7% | 19.8% | 29.4% |
| EBITDA Margin | 61.5% | 6.5% | 12.7% | 20.7% | 21.6% | 11.4% | 0.1% | 15.3% |
| EBITDAR | 9,652 | 1,017 | 2,369 | 5,782 | 10,642 | 3,861 | 28 | 5,774 |
| EBITDAR Margin | 61.5% | 6.5% | 12.7% | 20.7% | 21.6% | 11.4% | 0.1% | 15.3% |
| EBIT Margin | 40.5% | -11.4% | -2.7% | 10.1% | 15.7% | 11.4% | 0.1% | 15.3% |
| Net Profit Margin | 0.3% | -53.3% | -66.0% | -57.9% | 20.5% | 31.4% | -13.0% | 5.4% |
| Operating Expense % of Sales | 10.5% | 66.0% | 63.8% | 45.3% | 34.3% | 11.3% | 19.7% | 14.2% |
| Returns | ||||||||
| Return on Assets (ROA) | 0.1% | -20.6% | -28.2% | -36.0% | 18.4% | 22.3% | -9.3% | 5.3% |
| Return on Equity (ROE) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | 18.1% | -5.5% | -1.7% | 12.7% | 16.4% | 9.3% | 0.1% | 18.5% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 134.9% | 162.1% | 166.0% | 182.0% | 184.3% | 174.5% | 186.7% | 149.4% |
| Debt-to-Equity | -2.48x | -2.03x | -1.73x | -1.41x | -1.99x | -2.10x | -1.92x | -2.34x |
| Debt-to-EBITDA | 6.13x | 64.27x | 30.59x | 14.11x | 9.47x | 21.69x | 3015.52x | 9.93x |
| Equity-to-Assets | -54.4% | -79.8% | -96.0% | -129.5% | -92.4% | -83.1% | -97.5% | -63.8% |
| Net Debt | 59,016 | 64,616 | 71,544 | 80,365 | 97,471 | 81,330 | 82,753 | 55,657 |
| Cash & Equivalents | 115 | 721 | 919 | 1,236 | 3,347 | 2,421 | 1,739 | 1,686 |
| Total Debt | 59,131 | 65,336 | 72,463 | 81,601 | 100,817 | 83,751 | 84,492 | 57,343 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.61x | 1.23x | 0.69x | 0.58x | 1.31x | 0.69x | 0.45x | 0.32x |
| Quick Ratio | 0.49x | 1.03x | 0.57x | 0.49x | 1.17x | 0.59x | 0.38x | 0.25x |
| Cash Ratio | 0.01x | 0.10x | 0.07x | 0.06x | 0.22x | 0.14x | 0.08x | 0.05x |
| Total Current Assets | 8,619 | 8,725 | 8,979 | 12,211 | 20,339 | 12,217 | 10,431 | 9,920 |
| Total Current Liabilities | 14,169 | 7,106 | 13,084 | 21,049 | 15,517 | 17,708 | 22,982 | 31,322 |
| Inventory | 1,741 | 1,405 | 1,498 | 1,961 | 2,157 | 1,717 | 1,806 | 1,984 |
| Trade Receivables | 6,758 | 6,578 | 6,445 | 9,014 | 14,835 | 8,079 | 6,886 | 6,250 |
| Trade Payables | 1,725 | 1,407 | 1,694 | 2,548 | 2,537 | 2,535 | 2,961 | 3,471 |
| Net Working Capital | -5,550 | 1,619 | -4,104 | -8,838 | 4,821 | -5,491 | -12,551 | -21,402 |
| Net Working Capital % of Revenue | -35.3% | 10.4% | -22.0% | -31.7% | 9.8% | -16.2% | -38.6% | -56.6% |
| Trade Working Capital | 6,774 | 6,576 | 6,249 | 8,427 | 14,456 | 7,261 | 5,731 | 4,763 |
| Trade Working Capital % of Revenue | 43.1% | 42.3% | 33.5% | 30.2% | 29.4% | 21.4% | 17.6% | 12.6% |
| Change in Trade Working Capital | N/A | -198 | -328 | 2,178 | 6,029 | -7,194 | -1,531 | -968 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 2.53x | 3.04x | 2.92x | 4.84x | 10.06x | 15.30x | 14.43x | 13.46x |
| Days Inventory Outstanding (DIO) | 144.3 | 119.9 | 124.9 | 75.4 | 36.3 | 23.9 | 25.3 | 27.1 |
| Receivables Turnover | 2.32x | 2.36x | 2.89x | 3.09x | 3.32x | 4.21x | 4.72x | 6.05x |
| Days Sales Outstanding (DSO) | 157.1 | 154.4 | 126.3 | 117.9 | 110.0 | 86.8 | 77.3 | 60.3 |
| Payables Turnover | 2.55x | 3.04x | 2.58x | 3.72x | 8.55x | 10.37x | 8.80x | 7.69x |
| Days Payable Outstanding (DPO) | 143.0 | 120.1 | 141.3 | 98.0 | 42.7 | 35.2 | 41.5 | 47.4 |
| Cash Conversion Cycle | 158.4 days | 154.2 days | 109.9 days | 95.4 days | 103.6 days | 75.4 days | 61.2 days | 40.0 days |
| Asset Turnover | 0.36x | 0.39x | 0.43x | 0.62x | 0.90x | 0.71x | 0.72x | 0.99x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 42 | -886 | -1,562 | 2,097 | 1,671 | 7,230 | 1,604 | 4,449 |
| Free Cash Flow (OCF − Capex proxy) | 42 | -1,582 | -1,518 | 2,097 | 1,868 | 7,322 | 1,688 | 13,823 |
| Cash Conversion (OCF / EBITDA) | 0.4% | -87.1% | -66.0% | 36.3% | 15.7% | 187.2% | 5725.8% | 77.1% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | N/A | N/A | N/A | 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.
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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