Norbi (შპს ნორბი)

panel 2026-09-21Ask

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	44.4%	52.4%	45.4%	45.3%	42.9%	46.8%	45.3%
EBITDA Margin	21.9%	18.8%	18.6%	14.1%	1.8%	12.4%	-1.6%
EBITDAR	609	508	483	367	102	318	-29
EBITDAR Margin	24.6%	21.7%	21.8%	17.8%	6.1%	15.3%	-1.6%
EBIT Margin	21.3%	13.8%	17.8%	14.1%	1.8%	12.4%	-1.6%
Net Profit Margin	20.0%	12.4%	10.9%	14.5%	-5.0%	2.1%	-11.0%
Operating Expense % of Sales	22.5%	33.7%	26.8%	31.2%	41.1%	34.4%	46.9%
Returns
Return on Assets (ROA)	22.2%	11.6%	12.6%	15.0%	-2.5%	1.2%	-5.5%
Return on Equity (ROE)	45.8%	23.4%	63.1%	67.8%	-26.4%	19.2%	-382.2%
ROIC [EBIT / Invested Capital]	78.2%	22.9%	270.1%	263.1%	4.1%	14.9%	-1.6%
Leverage & debt balances
Debt-to-Assets	2.8%	14.3%	0.0%	0.8%	43.1%	48.8%	53.7%
Debt-to-Equity	0.06x	0.29x	0.00x	0.04x	4.51x	7.97x	37.38x
Debt-to-EBITDA	0.11x	0.82x	0.00x	0.05x	47.75x	7.17x	N/A
Equity-to-Assets	48.4%	49.5%	20.0%	22.1%	9.6%	6.1%	1.4%
Net Debt	-408	161	-238	-330	418	1,490	1,705
Cash & Equivalents	470	198	238	345	1,010	355	229
Total Debt	62	359	N/A	16	1,428	1,845	1,934
Liquidity & working capital
Current Ratio	32.85x	7.36x	111.72x	0.92x	1.75x	1.15x	85.26x
Quick Ratio	32.85x	7.36x	107.34x	0.92x	1.75x	1.15x	85.26x
Cash Ratio	10.81x	1.07x	2.15x	0.22x	0.64x	0.21x	0.14x
Total Current Assets	1,428	1,368	12,349	1,423	2,750	1,968	135,376
Total Current Liabilities	43	186	111	1,555	1,567	1,711	1,588
Inventory	N/A	N/A	484	N/A	N/A	N/A	N/A
Trade Receivables	634	753	605	681	548	625	629
Trade Payables	48	35	111	14	47	195	69
Net Working Capital	1,385	1,182	12,239	-132	1,183	258	133,788
Net Working Capital % of Revenue	55.9%	50.5%	551.6%	-6.4%	70.9%	12.4%	7423.3%
Trade Working Capital	585	718	979	667	501	430	561
Trade Working Capital % of Revenue	23.6%	30.7%	44.1%	32.3%	30.0%	20.7%	31.1%
Change in Trade Working Capital	N/A	133	260	-312	-166	-71	130
Turnover & efficiency
Inventory Turnover	N/A	N/A	2.50x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	145.8	N/A	N/A	N/A	N/A
Receivables Turnover	3.91x	3.11x	3.67x	3.03x	3.04x	3.32x	2.86x
Days Sales Outstanding (DSO)	93.3	117.5	99.6	120.4	119.9	110.1	127.5
Payables Turnover	28.60x	31.52x	10.96x	78.07x	20.17x	5.66x	14.31x
Days Payable Outstanding (DPO)	12.8	11.6	33.3	4.7	18.1	64.5	25.5
Cash Conversion Cycle	80.5 days	106.0 days	212.0 days	115.7 days	101.8 days	45.6 days	101.9 days
Asset Turnover	1.11x	0.93x	1.15x	1.04x	0.50x	0.55x	0.50x
Cash flow & dividends
Operating Cash Flow	N/A	116	164	92	-117	189	34
Free Cash Flow (OCF − Capex proxy)	N/A	254	193	92	-622	-1,028	-64
Cash Conversion (OCF / EBITDA)	N/A	26.3%	39.8%	31.7%	-392.8%	73.3%	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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