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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Tech & IT — IT Services. Per the activity note to the FY2024 annual report, the company provides multi-functional services and products including project planning, computer equipment supply, operation and support and engineering services.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 11.7% | 18.3% | 16.1% | 28.9% | 25.8% | 35.1% | 41.2% | 37.4% |
| EBITDA Margin | -0.2% | 6.0% | 2.1% | -1.2% | 6.6% | 5.0% | 21.7% | 17.7% |
| EBITDAR | -9 | 725 | 227 | -89 | 1,041 | 814 | 9,743 | 8,796 |
| EBITDAR Margin | -0.2% | 6.0% | 2.1% | -1.2% | 6.6% | 5.2% | 21.7% | 17.7% |
| EBIT Margin | -0.4% | 5.8% | 1.8% | -1.6% | 6.4% | 4.6% | 21.5% | 17.5% |
| Net Profit Margin | -0.8% | 4.9% | 1.4% | -1.9% | 4.8% | 2.2% | 7.5% | 16.4% |
| Operating Expense % of Sales | 11.8% | 12.2% | 14.0% | 30.1% | 19.2% | 30.0% | 19.5% | 19.7% |
| Returns | ||||||||
| Return on Assets (ROA) | -1.1% | 34.0% | 9.2% | -7.0% | 10.0% | 4.5% | 34.9% | 41.8% |
| Return on Equity (ROE) | N/A | 108.1% | 82.7% | -490.4% | 96.1% | 30.6% | 74.8% | 64.4% |
| ROIC [EBIT / Invested Capital] | N/A | 86.5% | 341.9% | -225.5% | N/A | 59.0% | 423.0% | 78.3% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 6.3% | 28.9% | 28.4% | 25.4% | 6.2% | 13.2% | 8.8% | 8.1% |
| Debt-to-Equity | -5.88x | 0.92x | 2.55x | 17.82x | 0.59x | 0.89x | 0.19x | 0.12x |
| Debt-to-EBITDA | N/A | 0.69x | 2.03x | N/A | 0.45x | 1.28x | 0.09x | 0.18x |
| Equity-to-Assets | -1.1% | 31.5% | 11.1% | 1.4% | 10.4% | 14.8% | 46.7% | 64.9% |
| Net Debt | -1,754 | 260 | -124 | 25 | -2,581 | 80 | -2,229 | -1,552 |
| Cash & Equivalents | 2,016 | 243 | 585 | 520 | 3,048 | 933 | 3,080 | 3,131 |
| Total Debt | 262 | 503 | 461 | 545 | 467 | 1,013 | 850 | 1,579 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.68x | 1.13x | 1.17x | 1.21x | 2.32x | 1.41x | 2.28x | 2.83x |
| Quick Ratio | 0.68x | 1.13x | 1.01x | 0.81x | 2.32x | 1.41x | 2.28x | 2.83x |
| Cash Ratio | 0.50x | 0.20x | 0.56x | 0.37x | 1.01x | 0.20x | 0.86x | 0.72x |
| Total Current Assets | 2,708 | 1,347 | 1,219 | 1,698 | 7,021 | 6,468 | 8,149 | 12,290 |
| Total Current Liabilities | 4,001 | 1,193 | 1,045 | 1,398 | 3,026 | 4,582 | 3,576 | 4,344 |
| Inventory | N/A | N/A | 165 | 567 | N/A | N/A | N/A | N/A |
| Trade Receivables | 406 | 65 | 468 | 610 | 2,593 | 1,830 | 2,052 | 5,611 |
| Trade Payables | 3,933 | 690 | 466 | 1,162 | 2,470 | 3,914 | 2,421 | 1,650 |
| Net Working Capital | -1,293 | 155 | 173 | 300 | 3,995 | 1,886 | 4,573 | 7,946 |
| Net Working Capital % of Revenue | -22.9% | 1.3% | 1.6% | 3.9% | 25.5% | 12.0% | 10.2% | 15.9% |
| Trade Working Capital | -3,527 | -625 | 167 | 15 | 123 | -2,084 | -369 | 3,961 |
| Trade Working Capital % of Revenue | -62.5% | -5.2% | 1.6% | 0.2% | 0.8% | -13.3% | -0.8% | 8.0% |
| Change in Trade Working Capital | N/A | 2,901 | 793 | -152 | 108 | -2,208 | 1,715 | 4,330 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | N/A | 54.51x | 9.66x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | 6.7 | 37.8 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 13.88x | 184.92x | 22.95x | 12.64x | 6.04x | 8.59x | 21.89x | 8.88x |
| Days Sales Outstanding (DSO) | 26.3 | 2.0 | 15.9 | 28.9 | 60.4 | 42.5 | 16.7 | 41.1 |
| Payables Turnover | 1.27x | 14.20x | 19.34x | 4.72x | 4.71x | 2.61x | 10.91x | 18.91x |
| Days Payable Outstanding (DPO) | 288.1 | 25.7 | 18.9 | 77.4 | 77.6 | 140.0 | 33.5 | 19.3 |
| Cash Conversion Cycle | -261.8 days | -23.7 days | 3.7 days | -10.8 days | -17.1 days | -97.5 days | -16.8 days | 21.8 days |
| Asset Turnover | 1.36x | 6.89x | 6.61x | 3.60x | 2.06x | 2.05x | 4.65x | 2.55x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 1,903 | -1,727 | 450 | 865 | N/A | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | 1,903 | -1,986 | 370 | 792 | N/A | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | -238.3% | 198.2% | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | N/A | 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 | 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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