Skytel (შპს სქაიტელი)

panel 2026-09-21Ask

separate · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	80.5%	86.6%	100.0%	100.0%	100.0%	100.0%	100.0%
EBITDA Margin	47.9%	41.1%	45.7%	45.2%	54.7%	50.7%	40.7%
EBITDAR	2,376	4,419	5,324	8,761	13,726	15,417	14,398
EBITDAR Margin	50.7%	43.3%	48.1%	48.5%	62.3%	59.3%	51.3%
EBIT Margin	40.0%	33.1%	31.6%	-1.8%	-6.9%	39.0%	27.5%
Net Profit Margin	37.5%	20.7%	13.5%	-6.3%	-8.1%	33.2%	22.1%
Operating Expense % of Sales	32.6%	45.5%	54.3%	54.8%	45.3%	49.3%	59.3%
Returns
Return on Assets (ROA)	24.3%	10.7%	3.4%	-2.9%	-5.2%	22.8%	12.4%
Return on Equity (ROE)	49.9%	37.1%	29.6%	-6.2%	-10.8%	34.3%	20.3%
ROIC [EBIT / Invested Capital]	34.3%	21.9%	14.1%	-0.9%	-5.0%	29.1%	16.2%
Leverage & debt balances
Debt-to-Assets	27.3%	50.3%	45.1%	46.8%	46.2%	31.2%	35.8%
Debt-to-Equity	0.56x	1.75x	3.93x	1.00x	0.96x	0.47x	0.59x
Debt-to-EBITDA	0.88x	2.37x	3.93x	2.24x	1.31x	0.90x	1.57x
Equity-to-Assets	48.8%	28.7%	11.5%	46.8%	48.2%	66.4%	61.1%
Net Debt	1,945	9,724	19,793	18,280	13,866	9,706	17,292
Cash & Equivalents	27	244	104	25	1,932	2,105	654
Total Debt	1,972	9,969	19,898	18,305	15,798	11,810	17,946
Liquidity & working capital
Current Ratio	13.18x	1.12x	0.94x	0.81x	0.55x	1.03x	1.47x
Quick Ratio	7.90x	0.57x	0.35x	0.18x	0.26x	0.57x	0.58x
Cash Ratio	0.11x	0.04x	0.02x	0.00x	0.16x	0.26x	0.12x
Total Current Assets	3,322	6,130	4,828	4,988	6,393	8,196	7,997
Total Current Liabilities	252	5,481	5,163	6,176	11,727	7,984	5,435
Inventory	1,331	3,028	3,035	3,891	3,386	3,681	4,862
Trade Receivables	783	2,736	1,215	156	98	933	1,222
Trade Payables	253	3,076	1,102	795	1,551	675	1,240
Net Working Capital	3,070	650	-335	-1,188	-5,334	212	2,562
Net Working Capital % of Revenue	65.5%	6.4%	-3.0%	-6.6%	-24.2%	0.8%	9.1%
Trade Working Capital	1,862	2,687	3,148	3,252	1,932	3,939	4,845
Trade Working Capital % of Revenue	39.7%	26.3%	28.4%	18.0%	8.8%	15.2%	17.3%
Change in Trade Working Capital	N/A	825	460	105	-1,320	2,007	905
Turnover & efficiency
Inventory Turnover	0.69x	0.45x	N/A	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	531.7	808.6	N/A	N/A	N/A	N/A	N/A
Receivables Turnover	5.98x	3.73x	9.11x	115.55x	225.22x	27.84x	22.97x
Days Sales Outstanding (DSO)	61.0	97.8	40.1	3.2	1.6	13.1	15.9
Payables Turnover	3.62x	0.44x	N/A	N/A	N/A	N/A	N/A
Days Payable Outstanding (DPO)	100.9	821.5	N/A	N/A	N/A	N/A	N/A
Cash Conversion Cycle	491.9 days	84.9 days	40.1 days	3.2 days	1.6 days	13.1 days	15.9 days
Asset Turnover	0.65x	0.52x	0.25x	0.46x	0.64x	0.69x	0.56x
Cash flow & dividends
Operating Cash Flow	-1,332	-6,932	6,423	6,865	10,128	8,359	9,453
Free Cash Flow (OCF − Capex proxy)	-1,427	-7,535	-1,438	1,137	3,352	3,973	-6,366
Cash Conversion (OCF / EBITDA)	-59.4%	-165.1%	126.9%	84.1%	84.0%	63.5%	82.7%
Dividends Declared	0	0	0	0	0	0	0
Dividend Payout Ratio	0.0%	0.0%	0.0%	N/A	N/A	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.

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