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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 0 · FY2023 0
Georgian distribution arm associated with Coca-Cola bottling and distribution operations in the country.
Subsidiary of Coca-Cola Bottlers Georgia (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 8.4% | 8.6% | 8.4% | 8.1% | 7.7% | 7.7% | 7.6% |
| EBITDA Margin | 4.4% | 1.7% | 2.0% | 1.7% | 2.0% | 2.2% | 2.4% |
| EBITDAR | 748 | 1,500 | 2,129 | 1,982 | 3,335 | 5,017 | 5,320 |
| EBITDAR Margin | 4.4% | 1.7% | 2.0% | 1.7% | 2.0% | 2.2% | 2.4% |
| EBIT Margin | 4.4% | 1.6% | 1.5% | 1.4% | 1.6% | 1.8% | 2.0% |
| Net Profit Margin | -6.8% | -0.5% | -1.0% | 0.0% | 1.5% | 1.9% | 1.5% |
| Operating Expense % of Sales | 4.0% | 6.9% | 6.4% | 6.4% | 5.7% | 5.5% | 5.2% |
| Returns | |||||||
| Return on Assets (ROA) | -23.1% | -7.1% | -10.8% | 0.0% | 18.1% | 25.7% | 1802.1% |
| Return on Equity (ROE) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 368.4% | 228.6% | 116.4% | 69.2% | 37.3% | 30.3% | 0.0% |
| Debt-to-Equity | -0.88x | -0.62x | -0.54x | -0.28x | -0.25x | -0.33x | -0.00x |
| Debt-to-EBITDA | 24.59x | 8.83x | 5.67x | 3.17x | 1.51x | 1.02x | 0.00x |
| Equity-to-Assets | -418.3% | -367.4% | -216.0% | -246.7% | -147.8% | -92.4% | -6423.7% |
| Net Debt | 18,245 | 12,800 | 11,737 | 5,951 | 2,689 | 3,012 | -124 |
| Cash & Equivalents | 148 | 447 | 342 | 331 | 2,349 | 2,106 | 124 |
| Total Debt | 18,393 | 13,247 | 12,079 | 6,282 | 5,038 | 5,118 | N/A |
| Liquidity & working capital | |||||||
| Current Ratio | 0.34x | 0.27x | 0.25x | 0.20x | 0.32x | 0.43x | 0.02x |
| Quick Ratio | 0.33x | 0.26x | 0.25x | 0.20x | 0.31x | 0.42x | 0.02x |
| Cash Ratio | 0.01x | 0.02x | 0.01x | 0.01x | 0.08x | 0.07x | 0.01x |
| Total Current Assets | 4,875 | 5,667 | 6,580 | 5,798 | 9,910 | 12,584 | 190 |
| Total Current Liabilities | 14,444 | 20,954 | 26,112 | 28,459 | 30,529 | 29,560 | 12,396 |
| Inventory | 74 | 115 | 173 | 233 | 493 | 246 | N/A |
| Trade Receivables | 4,653 | 5,105 | 6,065 | 5,197 | 7,031 | 10,182 | 66 |
| Trade Payables | 7,145 | 13,487 | 20,327 | 24,481 | 27,325 | 26,062 | 12,395 |
| Net Working Capital | -9,569 | -15,287 | -19,532 | -22,661 | -20,619 | -16,976 | -12,206 |
| Net Working Capital % of Revenue | -56.5% | -17.1% | -18.3% | -20.0% | -12.6% | -7.6% | -5.5% |
| Trade Working Capital | -2,418 | -8,267 | -14,089 | -19,051 | -19,801 | -15,634 | -12,329 |
| Trade Working Capital % of Revenue | -14.3% | -9.2% | -13.2% | -16.8% | -12.1% | -7.0% | -5.5% |
| Change in Trade Working Capital | N/A | -5,849 | -5,822 | -4,962 | -750 | 4,167 | 3,305 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 209.69x | 710.81x | 565.68x | 447.74x | 305.73x | 841.86x | N/A |
| Days Inventory Outstanding (DIO) | 1.7 | 0.5 | 0.6 | 0.8 | 1.2 | 0.4 | N/A |
| Receivables Turnover | 3.64x | 17.52x | 17.61x | 21.85x | 23.23x | 22.04x | 3382.52x |
| Days Sales Outstanding (DSO) | 100.3 | 20.8 | 20.7 | 16.7 | 15.7 | 16.6 | 0.1 |
| Payables Turnover | 2.17x | 6.06x | 4.81x | 4.26x | 5.52x | 7.95x | 16.65x |
| Days Payable Outstanding (DPO) | 168.1 | 60.2 | 75.8 | 85.7 | 66.2 | 45.9 | 21.9 |
| Cash Conversion Cycle | -66.1 days | -38.9 days | -54.4 days | -68.1 days | -49.3 days | -28.9 days | -21.8 days |
| Asset Turnover | 3.39x | 15.43x | 10.30x | 12.50x | 12.08x | 13.27x | 1174.98x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | -943 | 339 | 5,861 | 6,439 | 3,812 | 432 | 408 |
| Free Cash Flow (OCF − Capex proxy) | -943 | 299 | 5,819 | 6,406 | 3,770 | 412 | 347 |
| Cash Conversion (OCF / EBITDA) | -126.1% | 22.6% | 275.3% | 324.9% | 114.3% | 8.6% | 7.7% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% | 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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