Smart Capital Production (შპს სმარტ კაპიტალ ფროდაქშენ)

panel 2026-09-21Ask

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	N/A	37.8%	23.8%	18.5%	18.6%	17.3%	20.1%
EBITDA Margin	N/A	32.5%	14.4%	12.3%	12.1%	9.9%	11.1%
EBITDAR	-110	1,534	13,957	20,993	22,426	14,293	15,561
EBITDAR Margin	N/A	32.5%	14.4%	12.3%	12.1%	9.9%	11.1%
EBIT Margin	N/A	28.5%	13.9%	12.1%	11.9%	9.5%	10.7%
Net Profit Margin	N/A	673.8%	22.3%	14.0%	13.5%	10.3%	12.0%
Operating Expense % of Sales	N/A	5.3%	9.4%	6.2%	6.5%	7.5%	9.0%
Returns
Return on Assets (ROA)	2278.0%	79.7%	45.5%	41.9%	39.5%	24.8%	22.9%
Return on Equity (ROE)	26407.4%	118.9%	162.7%	123.7%	88.0%	53.8%	53.5%
ROIC [EBIT / Invested Capital]	-98.4%	4.2%	56.9%	65.4%	49.5%	33.0%	29.0%
Leverage & debt balances
Debt-to-Assets	34.2%	13.9%	24.0%	28.1%	29.8%	26.7%	34.3%
Debt-to-Equity	3.96x	0.21x	0.86x	0.83x	0.66x	0.58x	0.80x
Debt-to-EBITDA	N/A	3.62x	0.82x	0.77x	0.84x	1.13x	1.62x
Equity-to-Assets	8.6%	67.1%	28.0%	33.9%	44.8%	46.0%	42.8%
Net Debt	96	5,229	10,307	12,154	15,877	13,788	20,213
Cash & Equivalents	11	324	1,140	3,912	2,982	2,323	5,049
Total Debt	107	5,553	11,447	16,066	18,859	16,111	25,262
Liquidity & working capital
Current Ratio	0.13x	0.94x	1.19x	2.37x	1.72x	1.96x	1.77x
Quick Ratio	0.13x	0.44x	0.43x	1.20x	0.78x	0.99x	0.86x
Cash Ratio	0.04x	0.02x	0.07x	0.35x	0.17x	0.14x	0.28x
Total Current Assets	38	12,326	18,163	26,552	30,861	32,092	32,009
Total Current Liabilities	286	13,132	15,206	11,222	17,931	16,357	18,060
Inventory	N/A	6,580	11,700	13,141	16,807	15,939	16,452
Trade Receivables	N/A	5,120	4,933	6,321	7,859	7,944	8,740
Trade Payables	164	923	2,825	5,463	4,638	4,676	1,538
Net Working Capital	-248	-806	2,957	15,330	12,930	15,735	13,949
Net Working Capital % of Revenue	N/A	-17.1%	3.0%	9.0%	7.0%	10.9%	10.0%
Trade Working Capital	-164	10,777	13,808	13,999	20,028	19,207	23,654
Trade Working Capital % of Revenue	N/A	228.5%	14.2%	8.2%	10.8%	13.3%	16.9%
Change in Trade Working Capital	N/A	10,941	3,031	191	6,029	-821	4,447
Turnover & efficiency
Inventory Turnover	N/A	0.45x	6.32x	10.58x	8.94x	7.50x	6.81x
Days Inventory Outstanding (DIO)	N/A	819.1	57.8	34.5	40.8	48.7	53.6
Receivables Turnover	N/A	0.92x	19.66x	26.99x	23.49x	18.20x	16.04x
Days Sales Outstanding (DSO)	N/A	396.2	18.6	13.5	15.5	20.1	22.8
Payables Turnover	N/A	3.18x	26.17x	25.45x	32.40x	25.56x	72.80x
Days Payable Outstanding (DPO)	N/A	114.9	13.9	14.3	11.3	14.3	5.0
Cash Conversion Cycle	N/A	1100.4 days	62.4 days	33.7 days	45.1 days	54.5 days	71.4 days
Asset Turnover	0.00x	0.12x	2.04x	2.98x	2.91x	2.40x	1.90x
Cash flow & dividends
Operating Cash Flow	38	540	12,640	20,111	14,893	11,807	17,270
Free Cash Flow (OCF − Capex proxy)	7,007	5,428	19,453	16,453	13,030	10,308	8,188
Cash Conversion (OCF / EBITDA)	N/A	35.2%	90.6%	95.8%	66.4%	82.6%	111.0%
Dividends Declared	N/A	0	22,059	18,194	15,958	11,221	13,070
Dividend Payout Ratio	N/A	0.0%	101.8%	75.9%	63.8%	75.1%	77.4%

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.

Smart Capital Production

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