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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Restaurants & QSR — Quick-Service & Delivery. Per the activity note to the FY2024 annual report, the company operates restaurants and provides mobile food delivery services. Founded in 2012.
Subsidiary of SRG Real Estate (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 18.8% | 28.7% | 30.3% | 13.2% | 33.2% | 62.2% | 67.9% |
| EBITDA Margin | -47.6% | -35.1% | -25.1% | -56.6% | -27.4% | 29.0% | 38.3% |
| EBITDAR | -1,004 | -773 | -542 | -971 | -588 | 560 | 900 |
| EBITDAR Margin | -47.6% | -35.1% | -25.1% | -56.6% | -27.4% | 29.0% | 38.3% |
| EBIT Margin | -47.6% | -35.1% | -25.1% | -56.6% | -27.4% | 10.9% | 27.6% |
| Net Profit Margin | -55.4% | -40.0% | -33.3% | -44.5% | -20.4% | -22.2% | 3.6% |
| Operating Expense % of Sales | 66.4% | 63.8% | 55.4% | 69.8% | 60.5% | 33.2% | 29.6% |
| Returns | |||||||
| Return on Assets (ROA) | -29.6% | -38.7% | -26.9% | -38.3% | -22.4% | -31.1% | 5.0% |
| Return on Equity (ROE) | -98.3% | -109.3% | -90.3% | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | -35.8% | -113.0% | -251.5% | N/A | N/A | N/A | N/A |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 41.2% | 6.3% | 6.6% | 4.9% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 1.37x | 0.18x | 0.22x | -0.40x | -0.00x | -0.00x | -0.00x |
| Debt-to-EBITDA | N/A | N/A | N/A | N/A | N/A | 0.00x | 0.00x |
| Equity-to-Assets | 30.1% | 35.4% | 29.8% | -12.3% | -31.5% | -31.8% | -21.2% |
| Net Debt | 1,614 | -123 | -580 | -516 | -910 | -324 | -688 |
| Cash & Equivalents | 10 | 266 | 755 | 614 | 910 | 324 | 688 |
| Total Debt | 1,624 | 143 | 175 | 98 | N/A | N/A | N/A |
| Liquidity & working capital | |||||||
| Current Ratio | 1.60x | 0.49x | 0.93x | 0.60x | 0.60x | 0.48x | 0.62x |
| Quick Ratio | 1.60x | 0.43x | 0.89x | 0.60x | 0.60x | 0.48x | 0.62x |
| Cash Ratio | 0.01x | 0.20x | 0.43x | 0.29x | 0.35x | 0.18x | 0.34x |
| Total Current Assets | 1,807 | 650 | 1,629 | 1,277 | 1,530 | 864 | 1,275 |
| Total Current Liabilities | 1,132 | 1,327 | 1,750 | 2,138 | 2,569 | 1,813 | 2,049 |
| Inventory | N/A | 77 | 66 | N/A | N/A | N/A | N/A |
| Trade Receivables | 1,650 | 172 | 672 | 643 | 599 | 524 | 575 |
| Trade Payables | 1,132 | 1,327 | 1,697 | 2,138 | 2,569 | 1,813 | 2,049 |
| Net Working Capital | 675 | -677 | -121 | -861 | -1,039 | -949 | -774 |
| Net Working Capital % of Revenue | 32.0% | -30.7% | -5.6% | -50.2% | -48.4% | -49.2% | -32.9% |
| Trade Working Capital | 518 | -1,078 | -959 | -1,495 | -1,970 | -1,289 | -1,474 |
| Trade Working Capital % of Revenue | 24.6% | -48.9% | -44.4% | -87.2% | -91.8% | -66.8% | -62.7% |
| Change in Trade Working Capital | N/A | -1,597 | 119 | -536 | -475 | 681 | -185 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 20.46x | 22.77x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 17.8 | 16.0 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 1.28x | 12.79x | 3.22x | 2.67x | 3.58x | 3.68x | 4.09x |
| Days Sales Outstanding (DSO) | 285.7 | 28.5 | 113.5 | 136.9 | 101.9 | 99.2 | 89.3 |
| Payables Turnover | 1.51x | 1.18x | 0.89x | 0.70x | 0.56x | 0.40x | 0.37x |
| Days Payable Outstanding (DPO) | 241.3 | 308.4 | 411.3 | 524.3 | 653.7 | 907.6 | 992.2 |
| Cash Conversion Cycle | 44.4 days | -262.1 days | -281.8 days | -387.4 days | -551.7 days | -808.3 days | -902.8 days |
| Asset Turnover | 0.53x | 0.97x | 0.81x | 0.86x | 1.10x | 1.40x | 1.39x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | -100 | -91 | 477 | 178 | 139 | -374 | N/A |
| Free Cash Flow (OCF − Capex proxy) | -100 | -139 | 472 | -89 | 69 | -466 | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A | -66.9% | 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.
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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