Moderni (შპს მოდერნი)

panel 2026-09-21Ask

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	29.7%	31.9%	32.4%	34.0%	27.1%	26.1%	29.3%
EBITDA Margin	7.8%	12.2%	1.0%	3.2%	3.1%	1.0%	7.6%
EBITDAR	204	259	63	162	158	104	287
EBITDAR Margin	16.9%	19.0%	4.8%	9.3%	8.6%	5.1%	11.2%
EBIT Margin	5.0%	9.3%	-4.4%	-1.2%	-1.0%	-2.8%	4.6%
Net Profit Margin	-10.1%	-10.0%	-54.8%	26.4%	26.5%	-6.8%	-0.4%
Operating Expense % of Sales	21.9%	19.7%	31.5%	30.8%	24.0%	25.1%	21.7%
Returns
Return on Assets (ROA)	-4.7%	-4.0%	-17.9%	10.6%	11.4%	-3.5%	-0.3%
Return on Equity (ROE)	-12.1%	-13.5%	-185.0%	37.9%	26.7%	-7.9%	-0.6%
ROIC [EBIT / Invested Capital]	2.4%	3.8%	-1.5%	-0.5%	-0.5%	-1.5%	3.2%
Leverage & debt balances
Debt-to-Assets	60.3%	69.9%	87.6%	67.7%	52.3%	52.2%	51.9%
Debt-to-Equity	1.54x	2.34x	9.04x	2.43x	1.23x	1.18x	1.09x
Debt-to-EBITDA	16.62x	14.26x	276.50x	53.63x	39.47x	105.07x	10.17x
Equity-to-Assets	39.1%	29.9%	9.7%	27.9%	42.6%	44.2%	47.6%
Net Debt	1,526	2,329	3,467	2,831	2,208	1,991	1,930
Cash & Equivalents	29	53	98	131	45	88	54
Total Debt	1,554	2,382	3,565	2,961	2,253	2,079	1,984
Liquidity & working capital
Current Ratio	1.64x	1.43x	1.11x	1.39x	1.76x	15.23x	147.01x
Quick Ratio	1.64x	0.75x	0.43x	1.39x	1.76x	15.23x	147.01x
Cash Ratio	0.02x	0.02x	0.03x	0.04x	0.02x	0.51x	3.11x
Total Current Assets	2,578	3,409	4,072	4,371	4,258	2,649	2,563
Total Current Liabilities	1,570	2,390	3,678	3,153	2,422	174	17
Inventory	N/A	1,620	2,474	N/A	N/A	N/A	N/A
Trade Receivables	65	132	48	125	112	103	48
Trade Payables	N/A	N/A	97	169	219	104	N/A
Net Working Capital	1,008	1,019	394	1,218	1,836	2,475	2,546
Net Working Capital % of Revenue	83.5%	74.5%	29.6%	69.7%	99.3%	121.5%	98.9%
Trade Working Capital	65	1,752	2,425	-44	-107	-1	48
Trade Working Capital % of Revenue	5.4%	128.0%	182.3%	-2.5%	-5.8%	-0.0%	1.8%
Change in Trade Working Capital	N/A	1,687	673	-2,469	-64	106	49
Turnover & efficiency
Inventory Turnover	N/A	0.58x	0.36x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	634.3	1004.7	N/A	N/A	N/A	N/A
Receivables Turnover	18.59x	10.33x	27.76x	13.91x	16.54x	19.72x	54.08x
Days Sales Outstanding (DSO)	19.6	35.3	13.1	26.2	22.1	18.5	6.7
Payables Turnover	N/A	N/A	9.29x	6.82x	6.15x	14.44x	N/A
Days Payable Outstanding (DPO)	N/A	N/A	39.3	53.5	59.3	25.3	N/A
Cash Conversion Cycle	19.6 days	669.6 days	978.6 days	-27.3 days	-37.3 days	-6.8 days	6.7 days
Asset Turnover	0.47x	0.40x	0.33x	0.40x	0.43x	0.51x	0.67x
Cash flow & dividends
Operating Cash Flow	1,434	1,754	N/A	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	-76	24	N/A	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	1533.5%	1050.6%	N/A	N/A	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	N/A	N/A	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.

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