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ID 404501142 · FY 2018–2023 · 6 years
Bars are revenue on the left axis; lines are EBITDA and net margin on the right.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 39.3% | 17.9% | 51.3% | 62.3% | 34.0% | 31.0% |
| EBITDA Margin | 20.4% | -6.9% | 36.4% | 39.5% | 26.6% | 13.5% |
| EBITDAR | 2,853 | -371 | 8,772 | 1,631 | 3,450 | 599 |
| EBITDAR Margin | 20.4% | -6.9% | 36.4% | 39.5% | 26.6% | 13.5% |
| EBIT Margin | 20.2% | -7.9% | 36.2% | 38.3% | 26.4% | 11.1% |
| Net Profit Margin | 19.8% | -38.2% | 36.4% | 5.3% | 45.7% | 25.1% |
| Operating Expense % of Sales | 18.9% | 24.8% | 14.9% | 22.8% | 7.4% | 17.5% |
| Returns | ||||||
| Return on Assets (ROA) | 13.9% | -8.8% | 37.6% | 0.9% | 31.7% | 5.8% |
| Return on Equity (ROE) | N/A | N/A | 124.7% | 3.0% | 44.1% | 8.5% |
| ROIC [EBIT / Invested Capital] | 44.2% | -14.4% | 57.2% | 19.2% | 59.6% | 7.7% |
| Leverage & liquidity | ||||||
| Debt-to-Assets | 46.6% | 34.4% | 40.9% | 34.6% | 0.0% | 0.0% |
| Debt-to-Equity | -13.24x | -4.63x | 1.36x | 1.15x | 0.00x | 0.00x |
| Debt-to-EBITDA | 3.24x | N/A | 1.09x | 5.14x | 0.00x | 0.00x |
| Equity-to-Assets | -3.5% | -7.4% | 30.2% | 30.0% | 71.8% | 67.9% |
| Net Debt | 7,085 | 4,698 | 8,181 | 971 | -7,695 | -6,691 |
| Cash & Equivalents | 2,170 | 3,333 | 1,359 | 7,403 | 7,695 | 6,691 |
| Total Debt | 9,254 | 8,031 | 9,540 | 8,374 | N/A | N/A |
| Liquidity & working capital | ||||||
| Current Ratio | 1.78x | 1.37x | 3.47x | 2.82x | 3.55x | 3.12x |
| Quick Ratio | 1.78x | 0.69x | 2.85x | 2.82x | 3.55x | 3.12x |
| Cash Ratio | 0.19x | 0.20x | 0.20x | 0.86x | 1.46x | 1.08x |
| Total Current Assets | 19,870 | 23,314 | 23,304 | 24,209 | 18,701 | 19,242 |
| Total Current Liabilities | 11,135 | 17,010 | 6,724 | 8,578 | 5,264 | 6,170 |
| Inventory | N/A | 11,577 | 4,133 | N/A | N/A | N/A |
| Trade Receivables | 78 | 37 | 1,438 | 994 | 751 | 1,256 |
| Trade Payables | 10,672 | 16,913 | 6,672 | 7,950 | 5,176 | 6,166 |
| Net Working Capital | 8,735 | 6,304 | 16,580 | 15,631 | 13,437 | 13,072 |
| Net Working Capital % of Revenue | 62.5% | 117.1% | 68.9% | 378.2% | 103.6% | 294.9% |
| Trade Working Capital | -10,594 | -5,299 | -1,101 | -6,956 | -4,425 | -4,910 |
| Trade Working Capital % of Revenue | -75.8% | -98.4% | -4.6% | -168.3% | -34.1% | -110.8% |
| Change in Trade Working Capital | N/A | 5,295 | 4,198 | -5,855 | 2,531 | -484 |
| Turnover & efficiency | ||||||
| Inventory Turnover | N/A | 0.38x | 2.83x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 956.3 | 128.8 | N/A | N/A | N/A |
| Receivables Turnover | 179.49x | 145.81x | 16.74x | 4.16x | 17.27x | 3.53x |
| Days Sales Outstanding (DSO) | 2.0 | 2.5 | 21.8 | 87.8 | 21.1 | 103.4 |
| Payables Turnover | 0.79x | 0.26x | 1.76x | 0.20x | 1.65x | 0.50x |
| Days Payable Outstanding (DPO) | 459.4 | 1397.1 | 207.9 | 1860.2 | 220.7 | 736.3 |
| Cash Conversion Cycle | -457.4 days | -438.3 days | -57.3 days | -1772.4 days | -199.6 days | -632.9 days |
| Asset Turnover | 0.70x | 0.23x | 1.03x | 0.17x | 0.69x | 0.23x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | 1,611 | 1,164 | 151,347 | 42,429 | 29,575 | 6,817 |
| Free Cash Flow (OCF − Capex proxy) | 1,611 | 1,164 | -1,975 | 6,044 | 292 | -1,004 |
| Cash Conversion (OCF / EBITDA) | 56.5% | N/A | 1725.4% | 2602.1% | 857.2% | 1138.8% |
| Dividends Declared | 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 |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in ₾ '000. 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.
* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Ownership & directors from companyinfo.ge (public corporate registry).