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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Retail Group Georgia LLC is the Georgian franchisee of Inditex and other international fashion brands — operates Zara, Bershka, Stradivarius, Pull&Bear, Massimo Dutti and Oysho stores in Tbilisi (Galleria, East Point, Tbilisi Mall) and Batumi.
Group parent — controls 7 companies · ownership
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 31.5% | 32.5% | 37.5% | 34.1% | 41.3% | 44.0% | 42.8% |
| EBITDA Margin | -1.7% | 2.1% | 7.3% | -5.7% | 14.6% | 15.2% | 15.2% |
| EBITDAR | -2,394 | 2,550 | 11,648 | -6,080 | 30,235 | 41,256 | 54,378 |
| EBITDAR Margin | -1.7% | 2.1% | 7.3% | -5.7% | 14.6% | 15.2% | 15.2% |
| EBIT Margin | -1.7% | 2.1% | 7.3% | -5.7% | 14.6% | 15.2% | 15.2% |
| Net Profit Margin | 2.1% | 3.7% | 6.1% | -7.3% | 15.7% | 12.8% | 14.2% |
| Operating Expense % of Sales | 33.2% | 30.4% | 30.2% | 45.3% | 29.1% | 29.5% | 28.0% |
| Returns | |||||||
| Return on Assets (ROA) | 2.8% | 4.6% | 5.0% | -6.1% | 34.7% | 15.6% | 18.3% |
| Return on Equity (ROE) | 3.4% | 5.4% | 11.0% | -10.3% | 48.5% | 33.5% | 32.9% |
| ROIC [EBIT / Invested Capital] | -2.7% | 3.2% | 12.7% | -8.7% | 57.9% | 22.3% | 23.4% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 9.8% | 0.0% | 5.7% | 8.4% | 2.0% | 42.9% | 34.3% |
| Debt-to-Equity | 0.12x | 0.00x | 0.13x | 0.14x | 0.03x | 0.92x | 0.62x |
| Debt-to-EBITDA | N/A | 0.00x | 0.95x | N/A | 0.06x | 2.33x | 1.75x |
| Equity-to-Assets | 81.2% | 84.9% | 45.5% | 59.2% | 71.4% | 46.4% | 55.6% |
| Net Debt | 845 | -4,652 | 4,086 | -5,278 | -14,879 | 81,233 | 78,903 |
| Cash & Equivalents | 9,780 | 4,652 | 6,964 | 15,968 | 16,772 | 14,706 | 16,099 |
| Total Debt | 10,625 | N/A | 11,050 | 10,690 | 1,893 | 95,939 | 95,002 |
| Liquidity & working capital | |||||||
| Current Ratio | 7.61x | 4.88x | 2.34x | 1.88x | 2.13x | 1.44x | 2.06x |
| Quick Ratio | 3.57x | -2714.11x | 1.02x | 1.22x | 1.06x | 0.84x | 1.42x |
| Cash Ratio | 1.00x | 309.78x | 0.21x | 0.40x | 0.67x | 0.27x | 0.28x |
| Total Current Assets | 74,468 | 73 | 76,238 | 75,396 | 53,072 | 77,597 | 118,983 |
| Total Current Liabilities | 9,787 | 15 | 32,596 | 40,013 | 24,942 | 53,993 | 57,708 |
| Inventory | 39,542 | 40,831 | 43,123 | 26,440 | 26,565 | 32,339 | 36,846 |
| Trade Receivables | 25,146 | 26,413 | 25,487 | 32,988 | 9,735 | 23,783 | 21,911 |
| Trade Payables | 9,787 | 15,017 | 22,190 | 28,673 | 17,974 | 19,355 | 22,832 |
| Net Working Capital | 64,681 | 58 | 43,642 | 35,383 | 28,130 | 23,604 | 61,275 |
| Net Working Capital % of Revenue | 46.0% | 0.0% | 27.3% | 33.1% | 13.5% | 8.7% | 17.2% |
| Trade Working Capital | 54,901 | 52,227 | 46,420 | 30,755 | 18,326 | 36,767 | 35,925 |
| Trade Working Capital % of Revenue | 39.0% | 42.4% | 29.1% | 28.8% | 8.8% | 13.6% | 10.1% |
| Change in Trade Working Capital | N/A | -2,674 | -5,807 | -15,665 | -12,429 | 18,441 | -842 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 2.44x | 2.04x | 2.31x | 2.67x | 4.59x | 4.70x | 5.55x |
| Days Inventory Outstanding (DIO) | 149.7 | 179.3 | 157.8 | 136.9 | 79.6 | 77.7 | 65.8 |
| Receivables Turnover | 5.60x | 4.66x | 6.26x | 3.24x | 21.34x | 11.41x | 16.31x |
| Days Sales Outstanding (DSO) | 65.2 | 78.3 | 58.3 | 112.6 | 17.1 | 32.0 | 22.4 |
| Payables Turnover | 9.85x | 5.53x | 4.49x | 2.46x | 6.78x | 7.85x | 8.95x |
| Days Payable Outstanding (DPO) | 37.1 | 65.9 | 81.2 | 148.5 | 53.8 | 46.5 | 40.8 |
| Cash Conversion Cycle | 177.9 days | 191.7 days | 134.9 days | 101.1 days | 42.8 days | 63.2 days | 47.4 days |
| Asset Turnover | 1.30x | 1.24x | 0.83x | 0.84x | 2.21x | 1.21x | 1.29x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | -9,068 | 15,974 | 35,542 | 20,077 | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | -9,154 | 14,305 | 18,367 | 16,202 | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | 626.4% | 305.1% | N/A | N/A | N/A | N/A |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | N/A | 0.0% | 0.0% | 0.0% |
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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