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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 85 — 3-yr total 85
Georgian tourism services company. Limited public information available beyond the Reportal filing.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 89.8% | 89.8% | 90.4% | 76.2% | 80.9% | 82.1% | 78.3% | 80.4% |
| EBITDA Margin | 22.5% | -7.2% | 42.6% | -8.0% | 16.7% | 27.6% | 12.0% | 19.1% |
| EBITDAR | 9,251 | 8,391 | 7,235 | -401 | 1,799 | 2,954 | 1,394 | 4,970 |
| EBITDAR Margin | 63.4% | 46.7% | 42.6% | -8.0% | 16.7% | 27.6% | 12.0% | 19.1% |
| EBIT Margin | 19.0% | -12.4% | 12.9% | -65.4% | -6.8% | 20.9% | 4.7% | 9.3% |
| Net Profit Margin | 0.6% | -19.7% | -72.5% | -344.8% | -57.8% | 32.5% | -46.9% | 22.5% |
| Operating Expense % of Sales | 67.2% | 97.0% | 47.8% | 84.2% | 64.3% | 54.5% | 66.3% | 61.2% |
| Returns | ||||||||
| Return on Assets (ROA) | 0.7% | -43.4% | -25.4% | -70.1% | -47.7% | 24.7% | -34.5% | 12.2% |
| Return on Equity (ROE) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | 28.4% | -32.6% | N/A | N/A | N/A | N/A | N/A | N/A |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 94.2% | 140.5% | 28.3% | 67.3% | 121.0% | 75.3% | 92.9% | 29.0% |
| Debt-to-Equity | -14.08x | -2.67x | -0.83x | -0.49x | -0.39x | -0.29x | -0.35x | -0.38x |
| Debt-to-EBITDA | 3.26x | N/A | 1.90x | N/A | 8.79x | 3.58x | 10.50x | 2.80x |
| Equity-to-Assets | -6.7% | -52.7% | -34.3% | -137.3% | -307.6% | -261.4% | -267.4% | -75.8% |
| Net Debt | 10,491 | 11,130 | 13,651 | 16,611 | 15,616 | 10,280 | 14,373 | 13,766 |
| Cash & Equivalents | 231 | 316 | 84 | 24 | 196 | 299 | 267 | 158 |
| Total Debt | 10,721 | 11,447 | 13,735 | 16,634 | 15,813 | 10,579 | 14,640 | 13,924 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.30x | 1.99x | 0.25x | 0.22x | 0.04x | 0.14x | 0.26x | 0.16x |
| Quick Ratio | 0.22x | 1.92x | 0.20x | 0.18x | 0.03x | 0.09x | 0.24x | 0.09x |
| Cash Ratio | 0.08x | 0.11x | 0.02x | 0.00x | 0.01x | 0.04x | 0.01x | 0.01x |
| Total Current Assets | 838 | 5,541 | 1,049 | 1,089 | 669 | 1,135 | 7,479 | 1,921 |
| Total Current Liabilities | 2,790 | 2,784 | 4,189 | 5,041 | 16,453 | 8,183 | 28,588 | 11,690 |
| Inventory | 215 | 186 | 191 | 161 | 257 | 399 | 489 | 872 |
| Trade Receivables | 392 | 4,316 | 409 | 167 | 216 | 438 | 738 | 890 |
| Trade Payables | 1,419 | 993 | 1,421 | 1,988 | 1,614 | 2,150 | 7,339 | 6,162 |
| Net Working Capital | -1,952 | 2,758 | -3,140 | -3,952 | -15,783 | -7,047 | -21,109 | -9,769 |
| Net Working Capital % of Revenue | -13.4% | 15.3% | -18.5% | -78.6% | -146.3% | -65.9% | -182.0% | -37.6% |
| Trade Working Capital | -812 | 3,509 | -821 | -1,659 | -1,141 | -1,313 | -6,113 | -4,399 |
| Trade Working Capital % of Revenue | -5.6% | 19.5% | -4.8% | -33.0% | -10.6% | -12.3% | -52.7% | -16.9% |
| Change in Trade Working Capital | N/A | 4,321 | -4,330 | -838 | 518 | -172 | -4,799 | 1,713 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 6.92x | 9.83x | 8.52x | 7.41x | 8.00x | 4.79x | 5.15x | 5.86x |
| Days Inventory Outstanding (DIO) | 52.7 | 37.1 | 42.8 | 49.2 | 45.6 | 76.2 | 70.9 | 62.3 |
| Receivables Turnover | 37.18x | 4.16x | 41.54x | 30.04x | 49.96x | 24.41x | 15.73x | 29.22x |
| Days Sales Outstanding (DSO) | 9.8 | 87.7 | 8.8 | 12.1 | 7.3 | 15.0 | 23.2 | 12.5 |
| Payables Turnover | 1.05x | 1.84x | 1.15x | 0.60x | 1.27x | 0.89x | 0.34x | 0.83x |
| Days Payable Outstanding (DPO) | 347.5 | 197.9 | 318.6 | 606.6 | 286.6 | 410.9 | 1063.1 | 440.2 |
| Cash Conversion Cycle | -284.9 days | -73.1 days | -267.0 days | -545.2 days | -233.7 days | -319.7 days | -969.0 days | -365.4 days |
| Asset Turnover | 1.28x | 2.21x | 0.35x | 0.20x | 0.83x | 0.76x | 0.74x | 0.54x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 4,090 | 2,087 | 2,372 | -857 | -302 | 3,806 | -1,558 | 1,012 |
| Free Cash Flow (OCF − Capex proxy) | 4,090 | -253 | -1,841 | -1,026 | 230 | 3,627 | -3,937 | 1,309 |
| Cash Conversion (OCF / EBITDA) | 124.5% | N/A | 32.8% | N/A | -16.8% | 128.9% | -111.8% | 20.4% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 85 |
| Dividend Payout Ratio | 0.0% | N/A | N/A | N/A | N/A | 0.0% | N/A | 1.4% |
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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