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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 0 · FY2023 0
Georgian grocery retail chain operating Foodmart-branded supermarkets.
Subsidiary of Daily (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 20.9% | 26.0% | 27.4% | 25.4% | 22.6% | 22.9% | 24.5% |
| EBITDA Margin | 7.7% | 5.1% | 13.2% | 10.7% | 11.0% | 10.0% | 11.1% |
| EBITDAR | 18,599 | 18,349 | 28,166 | 32,769 | 46,102 | 54,121 | 66,517 |
| EBITDAR Margin | 15.2% | 12.1% | 13.4% | 11.3% | 11.9% | 10.9% | 12.0% |
| EBIT Margin | 5.4% | 3.1% | 6.2% | 4.1% | 5.8% | 4.9% | 4.9% |
| Net Profit Margin | -4.5% | 1.0% | 2.6% | -3.9% | 3.5% | 3.7% | 1.6% |
| Operating Expense % of Sales | 13.2% | 20.9% | 15.3% | 17.9% | 14.2% | 14.7% | 15.0% |
| Returns | |||||||
| Return on Assets (ROA) | -13.1% | 2.8% | 2.9% | -6.0% | 6.7% | 6.7% | 2.2% |
| Return on Equity (ROE) | N/A | N/A | N/A | N/A | 162.0% | 56.8% | 21.2% |
| ROIC [EBIT / Invested Capital] | N/A | 18.5% | 38.3% | 19.5% | 31.5% | 22.3% | 17.5% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 68.9% | 58.0% | 24.0% | 37.1% | 32.6% | 32.1% | 49.1% |
| Debt-to-Equity | -1.06x | -36.37x | -8.29x | -13.33x | 7.87x | 2.73x | 4.68x |
| Debt-to-EBITDA | 3.08x | 3.90x | 1.60x | 2.23x | 1.55x | 1.79x | 3.14x |
| Equity-to-Assets | -64.8% | -1.6% | -2.9% | -2.8% | 4.1% | 11.8% | 10.5% |
| Net Debt | 26,793 | 26,086 | 39,560 | 66,387 | 62,800 | 77,380 | 113,633 |
| Cash & Equivalents | 2,396 | 3,974 | 4,998 | 2,965 | 3,311 | 11,335 | 79,539 |
| Total Debt | 29,189 | 30,060 | 44,558 | 69,352 | 66,111 | 88,715 | 193,172 |
| Liquidity & working capital | |||||||
| Current Ratio | 0.69x | 0.72x | 0.37x | 0.66x | 0.79x | 0.90x | 1.51x |
| Quick Ratio | 0.22x | 0.24x | 0.15x | 0.25x | 0.39x | 0.48x | 1.13x |
| Cash Ratio | 0.11x | 0.13x | 0.05x | 0.04x | 0.04x | 0.10x | 0.57x |
| Total Current Assets | 15,148 | 21,431 | 37,895 | 45,723 | 69,521 | 104,070 | 210,367 |
| Total Current Liabilities | 21,955 | 29,702 | 101,264 | 69,544 | 87,980 | 115,215 | 139,080 |
| Inventory | 10,350 | 14,319 | 22,973 | 28,208 | 35,149 | 48,777 | 53,731 |
| Trade Receivables | 1,836 | 2,112 | 7,124 | 12,601 | 27,134 | 35,617 | 25,323 |
| Trade Payables | 15,041 | 20,210 | 31,994 | 40,078 | 60,516 | 85,063 | 87,303 |
| Net Working Capital | -6,807 | -8,272 | -63,369 | -23,821 | -18,459 | -11,145 | 71,287 |
| Net Working Capital % of Revenue | -5.5% | -5.5% | -30.2% | -8.2% | -4.7% | -2.2% | 12.8% |
| Trade Working Capital | -2,855 | -3,779 | -1,897 | 731 | 1,767 | -669 | -8,249 |
| Trade Working Capital % of Revenue | -2.3% | -2.5% | -0.9% | 0.3% | 0.5% | -0.1% | -1.5% |
| Change in Trade Working Capital | N/A | -924 | 1,882 | 2,628 | 1,036 | -2,436 | -7,580 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 9.38x | 7.84x | 6.63x | 7.67x | 8.56x | 7.87x | 7.81x |
| Days Inventory Outstanding (DIO) | 38.9 | 46.5 | 55.0 | 47.6 | 42.7 | 46.4 | 46.7 |
| Receivables Turnover | 66.86x | 71.84x | 29.47x | 23.00x | 14.33x | 13.98x | 21.96x |
| Days Sales Outstanding (DSO) | 5.5 | 5.1 | 12.4 | 15.9 | 25.5 | 26.1 | 16.6 |
| Payables Turnover | 6.45x | 5.56x | 4.76x | 5.40x | 4.97x | 4.51x | 4.81x |
| Days Payable Outstanding (DPO) | 56.6 | 65.7 | 76.6 | 67.6 | 73.5 | 80.9 | 75.9 |
| Cash Conversion Cycle | -12.2 days | -14.1 days | -9.2 days | -4.2 days | -5.3 days | -8.4 days | -12.6 days |
| Asset Turnover | 2.90x | 2.93x | 1.13x | 1.55x | 1.92x | 1.80x | 1.41x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 3,189 | 10,356 | 23,603 | 21,001 | 35,787 | 34,559 | 36,907 |
| Free Cash Flow (OCF − Capex proxy) | 3,189 | 2,410 | 7,284 | -12,534 | 23,891 | -25,129 | -38,738 |
| Cash Conversion (OCF / EBITDA) | 33.6% | 134.3% | 85.0% | 67.6% | 83.7% | 69.7% | 60.0% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | 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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