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ID 404391298 · FY 2018–2024 · 7 years
* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Bars are revenue on the left axis; lines are EBITDA and net margin on the right.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 30.3% | 42.1% | 37.2% | 29.2% | 20.8% | 24.2% | 15.5% |
| EBITDA Margin | 25.0% | 29.3% | 24.8% | 12.7% | -1.2% | -2.2% | 4.5% |
| EBITDAR | 1,027 | 862 | 833 | 756 | -43 | -61 | 380 |
| EBITDAR Margin | 25.0% | 29.3% | 24.8% | 12.7% | -1.2% | -2.2% | 4.5% |
| EBIT Margin | 23.2% | 26.8% | 22.3% | 7.0% | -12.1% | -19.0% | -0.7% |
| Net Profit Margin | 25.0% | 26.9% | 21.8% | 14.4% | 3.8% | 0.9% | 3.9% |
| Operating Expense % of Sales | 5.3% | 12.8% | 12.4% | 16.5% | 22.0% | 26.5% | 11.0% |
| Returns | |||||||
| Return on Assets (ROA) | 25.2% | 18.7% | 11.2% | 14.0% | 2.4% | 0.5% | 6.1% |
| Return on Equity (ROE) | 28.2% | 18.8% | 16.0% | 20.0% | 3.2% | 0.6% | 7.2% |
| ROIC [EBIT / Invested Capital] | 24.7% | 19.0% | 12.2% | 7.4% | -9.0% | -11.3% | -1.1% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 10.0% | 0.3% | 30.0% | 22.8% | 14.5% | 8.0% | 13.3% |
| Debt-to-Equity | 0.11x | 0.00x | 0.43x | 0.33x | 0.19x | 0.10x | 0.16x |
| Debt-to-EBITDA | 0.40x | 0.01x | 2.36x | 1.84x | N/A | N/A | 1.90x |
| Equity-to-Assets | 89.1% | 99.3% | 69.6% | 69.9% | 75.6% | 77.1% | 84.7% |
| Net Debt | 226 | -49 | 1,576 | 1,339 | 549 | 291 | 694 |
| Cash & Equivalents | 183 | 60 | 393 | 56 | 275 | 152 | 28 |
| Total Debt | 409 | 11 | 1,969 | 1,395 | 824 | 442 | 722 |
| Liquidity & working capital | |||||||
| Current Ratio | 8.99x | 343.16x | N/A | 1451.91x | 797.71x | 395.46x | 4.64x |
| Quick Ratio | 8.99x | 239.46x | N/A | 1451.91x | 797.71x | 395.46x | 4.64x |
| Cash Ratio | 0.45x | 5.53x | N/A | 20.48x | 67.33x | 17.93x | 0.05x |
| Total Current Assets | 3,678 | 3,735 | 4,659 | 3,980 | 3,260 | 3,351 | 2,772 |
| Total Current Liabilities | 409 | 11 | N/A | 3 | 4 | 8 | 597 |
| Inventory | N/A | 1,129 | 1,048 | N/A | N/A | N/A | N/A |
| Trade Receivables | 1,916 | 2,064 | 1,874 | 1,264 | 391 | 258 | 49 |
| Trade Payables | 35 | 18 | 10 | 327 | N/A | 82 | 0 |
| Net Working Capital | 3,269 | 3,724 | 4,659 | 3,977 | 3,256 | 3,342 | 2,175 |
| Net Working Capital % of Revenue | 79.4% | 126.7% | 138.8% | 66.8% | 90.4% | 122.9% | 25.8% |
| Trade Working Capital | 1,881 | 3,175 | 2,912 | 938 | 391 | 176 | 49 |
| Trade Working Capital % of Revenue | 45.7% | 108.0% | 86.7% | 15.7% | 10.9% | 6.5% | 0.6% |
| Change in Trade Working Capital | N/A | 1,294 | -263 | -1,974 | -546 | -215 | -127 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 1.51x | 2.01x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 242.2 | 181.5 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 2.15x | 1.42x | 1.79x | 4.71x | 9.21x | 10.55x | 171.61x |
| Days Sales Outstanding (DSO) | 169.9 | 256.3 | 203.7 | 77.5 | 39.6 | 34.6 | 2.1 |
| Payables Turnover | 82.00x | 94.31x | 202.01x | 12.90x | N/A | 25.13x | 20317.58x |
| Days Payable Outstanding (DPO) | 4.5 | 3.9 | 1.8 | 28.3 | N/A | 14.5 | 0.0 |
| Cash Conversion Cycle | 165.5 days | 494.7 days | 383.4 days | 49.2 days | 39.6 days | 20.1 days | 2.1 days |
| Asset Turnover | 1.01x | 0.70x | 0.51x | 0.97x | 0.64x | 0.49x | 1.55x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 773 | 1,082 | 914 | 2,152 | 1,596 | 941 | 295 |
| Free Cash Flow (OCF − Capex proxy) | 769 | 918 | -589 | 1,361 | 1,140 | 697 | -609 |
| Cash Conversion (OCF / EBITDA) | 75.3% | 125.5% | 109.8% | 284.5% | N/A | N/A | 77.6% |
| 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 ₾ '000. 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).