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Per the activity note to the FY2023 annual report, the company manufactures asphalt concrete and provides freight transportation services.
| Ratio | 2021 | 2022 | 2023 |
|---|---|---|---|
| Margins | |||
| Gross Margin | 48.6% | 44.2% | 49.4% |
| EBITDA Margin | 17.4% | 11.6% | 3.9% |
| EBITDAR | 708 | 2,500 | 1,119 |
| EBITDAR Margin | 17.5% | 11.8% | 4.2% |
| EBIT Margin | 14.8% | 10.0% | 2.2% |
| Net Profit Margin | 12.2% | 8.6% | -0.0% |
| Operating Expense % of Sales | 31.2% | 32.6% | 45.5% |
| Returns | |||
| Return on Assets (ROA) | 9.4% | 26.2% | -0.0% |
| Return on Equity (ROE) | 100.0% | 77.4% | -0.0% |
| ROIC [EBIT / Invested Capital] | 15.1% | 43.1% | 10.5% |
| Leverage & debt balances | |||
| Debt-to-Assets | 71.9% | 40.9% | 24.6% |
| Debt-to-Equity | 7.69x | 1.21x | 1.35x |
| Debt-to-EBITDA | 5.40x | 1.16x | 3.03x |
| Equity-to-Assets | 9.4% | 33.8% | 18.3% |
| Net Debt | 3,453 | 2,572 | 3,121 |
| Cash & Equivalents | 346 | 261 | 30 |
| Total Debt | 3,799 | 2,833 | 3,151 |
| Liquidity & working capital | |||
| Current Ratio | 0.06x | 0.29x | 0.06x |
| Quick Ratio | 0.06x | 0.29x | 0.06x |
| Cash Ratio | 0.07x | 0.06x | 0.00x |
| Total Current Assets | 309 | 1,327 | 657 |
| Total Current Liabilities | 4,788 | 4,583 | 10,475 |
| Inventory | N/A | N/A | N/A |
| Trade Receivables | 1,788 | 2,555 | 3,752 |
| Trade Payables | 778 | 1,306 | 3,439 |
| Net Working Capital | -4,479 | -3,257 | -9,818 |
| Net Working Capital % of Revenue | -110.8% | -15.4% | -37.1% |
| Trade Working Capital | 1,010 | 1,248 | 313 |
| Trade Working Capital % of Revenue | 25.0% | 5.9% | 1.2% |
| Change in Trade Working Capital | N/A | 238 | -936 |
| Turnover & efficiency | |||
| Inventory Turnover | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A |
| Receivables Turnover | 2.26x | 8.29x | 7.06x |
| Days Sales Outstanding (DSO) | 161.5 | 44.1 | 51.7 |
| Payables Turnover | 2.67x | 9.04x | 3.89x |
| Days Payable Outstanding (DPO) | 136.7 | 40.4 | 93.8 |
| Cash Conversion Cycle | 24.8 days | 3.7 days | -42.0 days |
| Asset Turnover | 0.77x | 3.06x | 2.07x |
| Cash flow & dividends | |||
| Operating Cash Flow | 5,283 | 6,577 | 12,553 |
| Free Cash Flow (OCF − Capex proxy) | 5,283 | 6,577 | 12,553 |
| Cash Conversion (OCF / EBITDA) | 751.6% | 268.7% | 1208.8% |
| Dividends Declared | N/A | N/A | N/A |
| Dividend Payout Ratio | 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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