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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 192 · FY2023 1,194 — 3-yr total 1,386
Limited public information available beyond the Reportal filing.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 13.3% | 15.6% | 21.1% | 30.9% | 31.3% | 31.8% |
| EBITDA Margin | 6.8% | 9.0% | 15.4% | 24.1% | 22.4% | 17.3% |
| EBITDAR | 1,391 | 1,533 | 2,443 | 5,789 | 5,060 | 3,277 |
| EBITDAR Margin | 7.3% | 9.7% | 15.6% | 24.3% | 22.7% | 17.7% |
| EBIT Margin | 6.7% | 8.8% | 15.2% | 23.3% | 17.7% | 11.1% |
| Net Profit Margin | 5.3% | 5.2% | 11.9% | 22.7% | 15.9% | 8.5% |
| Operating Expense % of Sales | 6.5% | 6.6% | 5.7% | 6.7% | 8.9% | 14.5% |
| Returns | ||||||
| Return on Assets (ROA) | 9.6% | 9.9% | 16.2% | 35.6% | 23.4% | 10.5% |
| Return on Equity (ROE) | 36.4% | 23.0% | 46.0% | 64.0% | 30.1% | 13.0% |
| ROIC [EBIT / Invested Capital] | 29.7% | 25.4% | 43.8% | 55.6% | 34.6% | 17.8% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 44.3% | 24.9% | 26.0% | 19.7% | 10.3% | 3.8% |
| Debt-to-Equity | 1.68x | 0.58x | 0.74x | 0.35x | 0.13x | 0.05x |
| Debt-to-EBITDA | 3.61x | 1.47x | 1.24x | 0.52x | 0.31x | 0.18x |
| Equity-to-Assets | 26.4% | 43.0% | 35.2% | 55.6% | 77.8% | 81.1% |
| Net Debt | 1,511 | 1,924 | 1,388 | 1,547 | -345 | -678 |
| Cash & Equivalents | 3,162 | 169 | 1,600 | 1,436 | 1,900 | 1,247 |
| Total Debt | 4,673 | 2,093 | 2,987 | 2,983 | 1,555 | 569 |
| Liquidity & working capital | ||||||
| Current Ratio | 1.13x | 1.18x | 1.33x | 2.09x | 4.38x | 4.77x |
| Quick Ratio | 1.16x | 0.75x | 0.86x | 1.56x | 3.43x | 3.87x |
| Cash Ratio | 0.41x | 0.04x | 0.21x | 0.21x | 0.57x | 0.44x |
| Total Current Assets | 8,785 | 5,657 | 9,884 | 14,062 | 14,743 | 13,597 |
| Total Current Liabilities | 7,762 | 4,784 | 7,453 | 6,740 | 3,363 | 2,848 |
| Inventory | -237 | 2,079 | 3,440 | 3,529 | 3,224 | 2,583 |
| Trade Receivables | 3,770 | 3,201 | 4,216 | 8,329 | 7,899 | 8,766 |
| Trade Payables | 3,056 | 1,949 | 2,161 | 3,745 | 1,803 | 2,279 |
| Net Working Capital | 1,023 | 874 | 2,431 | 7,322 | 11,380 | 10,749 |
| Net Working Capital % of Revenue | 5.4% | 5.5% | 15.5% | 30.8% | 51.0% | 58.0% |
| Trade Working Capital | 477 | 3,331 | 5,495 | 8,113 | 9,320 | 9,070 |
| Trade Working Capital % of Revenue | 2.5% | 21.0% | 35.1% | 34.1% | 41.8% | 49.0% |
| Change in Trade Working Capital | N/A | 2,854 | 2,164 | 2,618 | 1,206 | -249 |
| Turnover & efficiency | ||||||
| Inventory Turnover | -69.54x | 6.45x | 3.59x | 4.66x | 4.75x | 4.89x |
| Days Inventory Outstanding (DIO) | -5.2 | 56.6 | 101.6 | 78.3 | 76.8 | 74.7 |
| Receivables Turnover | 5.05x | 4.96x | 3.72x | 2.86x | 2.82x | 2.11x |
| Days Sales Outstanding (DSO) | 72.3 | 73.6 | 98.2 | 127.7 | 129.3 | 172.8 |
| Payables Turnover | 5.40x | 6.88x | 5.72x | 4.39x | 8.50x | 5.54x |
| Days Payable Outstanding (DPO) | 67.6 | 53.1 | 63.8 | 83.1 | 42.9 | 65.9 |
| Cash Conversion Cycle | -0.5 days | 77.1 days | 136.0 days | 123.0 days | 163.1 days | 181.6 days |
| Asset Turnover | 1.81x | 1.89x | 1.36x | 1.57x | 1.47x | 1.23x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | 616 | 797 | 880 | -57 | 2,695 | 1,247 |
| Free Cash Flow (OCF − Capex proxy) | 602 | 767 | 863 | -90 | 2,670 | 1,187 |
| Cash Conversion (OCF / EBITDA) | 47.6% | 56.0% | 36.6% | -1.0% | 53.9% | 39.0% |
| Dividends Declared | N/A | N/A | N/A | 0 | 192 | 1,194 |
| Dividend Payout Ratio | N/A | N/A | N/A | 0.0% | 5.4% | 75.6% |
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.