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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2018 0 · FY2019 0
Operates in Hospitality — Accommodation. Per the activity note to the FY2024 annual report, the group provides hotel and restaurant services.
Subsidiary of Georgia Capital (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 87.9% | 90.6% | 78.2% | 88.8% | 90.9% | 89.4% | 92.1% |
| EBITDA Margin | -59.9% | -15.0% | -59.0% | 4.0% | -7.3% | -6.1% | 14.1% |
| EBITDAR | 24 | 2,556 | -697 | 327 | 1,831 | 1,867 | 4,671 |
| EBITDAR Margin | 12.7% | 36.4% | -15.6% | 11.9% | 18.3% | 16.3% | 35.4% |
| EBIT Margin | -59.9% | -15.0% | -59.0% | 4.0% | -7.3% | -6.1% | 14.1% |
| Net Profit Margin | -59.0% | -15.8% | -78.2% | 23.3% | 3.6% | -7.5% | 46.6% |
| Operating Expense % of Sales | 147.8% | 105.6% | 137.2% | 84.8% | 98.1% | 95.5% | 78.1% |
| Returns | |||||||
| Return on Assets (ROA) | -9.1% | -96.2% | -231.6% | 24.0% | 13.3% | -27.6% | 138.2% |
| Return on Equity (ROE) | -26.4% | N/A | N/A | N/A | N/A | N/A | 293.5% |
| ROIC [EBIT / Invested Capital] | N/A | -258.8% | -735.5% | N/A | N/A | N/A | N/A |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 13.2% | 126.0% | 318.5% | 181.2% | 141.3% | 169.2% | 0.0% |
| Debt-to-Equity | 0.38x | -2.11x | -1.15x | -1.36x | -1.21x | -1.31x | 0.00x |
| Debt-to-EBITDA | N/A | N/A | N/A | 43.70x | N/A | N/A | 0.00x |
| Equity-to-Assets | 34.3% | -59.6% | -277.0% | -133.2% | -116.7% | -129.5% | 47.1% |
| Net Debt | -470 | 1,093 | 4,546 | 3,315 | 2,864 | 3,764 | -2,455 |
| Cash & Equivalents | 632 | 358 | 269 | 1,510 | 993 | 1,525 | 2,455 |
| Total Debt | 162 | 1,451 | 4,815 | 4,825 | 3,857 | 5,289 | N/A |
| Liquidity & working capital | |||||||
| Current Ratio | 1.52x | 0.63x | 0.27x | 0.43x | 0.46x | 0.44x | 2.12x |
| Quick Ratio | 1.00x | 0.44x | 0.13x | 0.29x | 0.46x | 0.44x | 2.12x |
| Cash Ratio | 0.78x | 0.19x | 0.05x | 0.24x | 0.17x | 0.21x | 1.17x |
| Total Current Assets | 1,228 | 1,151 | 1,512 | 2,663 | 2,730 | 3,126 | 4,442 |
| Total Current Liabilities | 806 | 1,838 | 5,698 | 6,212 | 5,914 | 7,172 | 2,091 |
| Inventory | 418 | 335 | 763 | 846 | N/A | N/A | N/A |
| Trade Receivables | 80 | 302 | 189 | 113 | 146 | 330 | N/A |
| Trade Payables | 606 | 178 | 819 | 1,017 | 1,102 | 1,409 | 593 |
| Net Working Capital | 421 | -687 | -4,187 | -3,549 | -3,185 | -4,046 | 2,351 |
| Net Working Capital % of Revenue | 223.2% | -9.8% | -93.6% | -129.3% | -31.8% | -35.4% | 17.8% |
| Trade Working Capital | -107 | 459 | 134 | -57 | -957 | -1,079 | -593 |
| Trade Working Capital % of Revenue | -56.6% | 6.5% | 3.0% | -2.1% | -9.5% | -9.4% | -4.5% |
| Change in Trade Working Capital | N/A | 566 | -325 | -191 | -899 | -123 | 486 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 0.05x | 1.98x | 1.28x | 0.36x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | 6665.2 | 184.6 | 285.7 | 1004.9 | N/A | N/A | N/A |
| Receivables Turnover | 2.35x | 23.23x | 23.61x | 24.20x | 68.88x | 34.60x | N/A |
| Days Sales Outstanding (DSO) | 155.5 | 15.7 | 15.5 | 15.1 | 5.3 | 10.5 | N/A |
| Payables Turnover | 0.04x | 3.71x | 1.19x | 0.30x | 0.83x | 0.86x | 1.75x |
| Days Payable Outstanding (DPO) | 9651.5 | 98.3 | 306.6 | 1207.7 | 439.0 | 423.2 | 209.0 |
| Cash Conversion Cycle | -2830.8 days | 102.1 days | -5.5 days | -187.7 days | -433.7 days | -412.6 days | -209.0 days |
| Asset Turnover | 0.15x | 6.10x | 2.96x | 1.03x | 3.67x | 3.66x | 2.97x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 98 | -276 | -108 | 1,041 | -1,020 | 46 | 1,338 |
| Free Cash Flow (OCF − Capex proxy) | 98 | -276 | -108 | 1,041 | -1,020 | 46 | 1,212 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | 943.2% | N/A | N/A | 72.2% |
| Dividends Declared | 0 | 0 | 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 |
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.
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Ownership & directors from companyinfo.ge (public corporate registry).
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