Georgian Concrete Club (შპს ჯორჯიან ქონქრით ქლაბ LLC Georgian Concrete Club)

panel 2026-09-21Ask

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	28.6%	34.1%	25.6%	27.4%	25.9%	30.6%	32.0%
EBITDA Margin	18.9%	20.4%	14.2%	14.3%	16.5%	16.6%	19.2%
EBITDAR	1,854	2,602	3,538	4,462	7,151	6,834	10,122
EBITDAR Margin	19.0%	20.7%	14.4%	14.6%	16.8%	17.1%	19.7%
EBIT Margin	18.4%	19.8%	13.6%	13.7%	15.8%	15.6%	18.0%
Net Profit Margin	17.6%	18.2%	14.9%	12.6%	15.0%	12.9%	15.7%
Operating Expense % of Sales	9.7%	13.7%	11.5%	13.1%	9.6%	14.3%	13.1%
Returns
Return on Assets (ROA)	37.2%	33.5%	36.4%	25.4%	30.5%	18.5%	20.2%
Return on Equity (ROE)	44.9%	39.1%	38.0%	29.9%	34.3%	22.3%	26.3%
ROIC [EBIT / Invested Capital]	47.3%	39.4%	38.2%	32.9%	35.7%	25.4%	29.3%
Leverage & debt balances
Debt-to-Assets	7.1%	8.8%	0.0%	2.3%	1.9%	9.0%	8.3%
Debt-to-Equity	0.09x	0.10x	0.00x	0.03x	0.02x	0.11x	0.11x
Debt-to-EBITDA	0.18x	0.23x	0.00x	0.08x	0.06x	0.38x	0.34x
Equity-to-Assets	83.0%	85.7%	95.9%	85.0%	89.0%	83.0%	76.8%
Net Debt	-24	462	-845	-198	270	1,306	998
Cash & Equivalents	352	138	845	554	131	1,199	2,324
Total Debt	327	600	N/A	356	400	2,505	3,322
Liquidity & working capital
Current Ratio	7.15x	12.76x	28.23x	20.23x	20.12x	6.40x	6.67x
Quick Ratio	7.15x	6.18x	15.40x	7.27x	8.80x	2.29x	2.15x
Cash Ratio	0.77x	0.37x	3.08x	1.11x	0.18x	0.38x	0.55x
Total Current Assets	3,283	4,778	7,756	10,118	14,747	20,383	27,967
Total Current Liabilities	459	374	275	500	733	3,183	4,193
Inventory	N/A	2,465	3,525	6,480	8,294	13,101	18,970
Trade Receivables	1,400	2,176	2,647	2,732	4,019	3,313	4,989
Trade Payables	456	234	15	40	285	463	563
Net Working Capital	2,823	4,404	7,482	9,618	14,014	17,200	23,774
Net Working Capital % of Revenue	28.9%	35.0%	30.4%	31.5%	32.8%	43.2%	46.2%
Trade Working Capital	944	4,407	6,157	9,172	12,028	15,951	23,396
Trade Working Capital % of Revenue	9.7%	35.1%	25.0%	30.1%	28.2%	40.0%	45.5%
Change in Trade Working Capital	N/A	3,462	1,750	3,016	2,856	3,923	7,445
Turnover & efficiency
Inventory Turnover	N/A	3.36x	5.19x	3.42x	3.81x	2.11x	1.84x
Days Inventory Outstanding (DIO)	N/A	108.6	70.3	106.8	95.7	172.8	198.0
Receivables Turnover	6.97x	5.78x	9.31x	11.17x	10.62x	12.03x	10.31x
Days Sales Outstanding (DSO)	52.4	63.2	39.2	32.7	34.4	30.3	35.4
Payables Turnover	15.28x	35.48x	1183.48x	556.78x	110.84x	59.82x	62.12x
Days Payable Outstanding (DPO)	23.9	10.3	0.3	0.7	3.3	6.1	5.9
Cash Conversion Cycle	28.5 days	161.4 days	109.2 days	138.8 days	126.8 days	197.0 days	227.5 days
Asset Turnover	2.12x	1.84x	2.45x	2.01x	2.04x	1.43x	1.29x
Cash flow & dividends
Operating Cash Flow	87	-233	840	-1,235	1,131	1,532	2,686
Free Cash Flow (OCF − Capex proxy)	87	-233	840	-1,601	715	-131	-2,147
Cash Conversion (OCF / EBITDA)	4.7%	-9.1%	24.1%	-28.2%	16.1%	23.1%	27.2%
Dividends Declared	N/A	N/A	0	585	665	685	526
Dividend Payout Ratio	N/A	N/A	0.0%	15.1%	10.4%	13.3%	6.5%

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.

Georgian Concrete Club

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