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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 49.8% | 49.0% | 60.7% | 51.8% | 37.8% | 32.2% | 34.0% |
| EBITDA Margin | 43.8% | 45.8% | 46.1% | 31.0% | 28.9% | 22.3% | 23.3% |
| EBITDAR | 2,473 | 3,685 | 3,169 | 508 | 2,303 | 1,704 | 706 |
| EBITDAR Margin | 43.8% | 45.8% | 46.1% | 31.0% | 28.9% | 22.3% | 23.3% |
| EBIT Margin | 42.9% | 44.8% | 44.9% | 26.0% | 28.5% | 21.6% | 19.8% |
| Net Profit Margin | 39.6% | 40.5% | 46.5% | 44.3% | 30.3% | 28.8% | 47.7% |
| Operating Expense % of Sales | 6.1% | 3.2% | 14.6% | 20.7% | 8.9% | 10.0% | 10.7% |
| Returns | |||||||
| Return on Assets (ROA) | 23.4% | 29.2% | 28.2% | 5.6% | 19.6% | 20.7% | 13.2% |
| Return on Equity (ROE) | 58.8% | 49.4% | 36.4% | 7.8% | 21.5% | 23.2% | 13.7% |
| ROIC [EBIT / Invested Capital] | 63.3% | 66.6% | 37.3% | 4.4% | 24.9% | 37.7% | 9.5% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 18.9% | 8.9% | 7.0% | 4.1% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.48x | 0.15x | 0.09x | 0.06x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.73x | 0.27x | 0.25x | 1.05x | 0.00x | 0.00x | 0.00x |
| Equity-to-Assets | 39.7% | 59.1% | 77.4% | 72.4% | 90.9% | 89.1% | 96.7% |
| Net Debt | 22 | -1,186 | -524 | 275 | -2,115 | -5,098 | -4,225 |
| Cash & Equivalents | 1,788 | 2,178 | 1,313 | 256 | 2,115 | 5,098 | 4,225 |
| Total Debt | 1,811 | 992 | 789 | 531 | N/A | N/A | N/A |
| Liquidity & working capital | |||||||
| Current Ratio | 0.00x | 0.00x | 4.68x | 3.31x | 8.84x | 6.96x | 14.89x |
| Quick Ratio | 0.00x | -1.92x | 0.96x | 3.31x | 8.84x | 6.96x | 14.89x |
| Cash Ratio | 0.46x | 0.61x | 0.74x | 0.08x | 1.89x | 4.41x | 11.68x |
| Total Current Assets | 0 | 0 | 8,286 | 10,013 | 9,885 | 8,048 | 5,387 |
| Total Current Liabilities | 3,907 | 3,581 | 1,771 | 3,024 | 1,119 | 1,157 | 362 |
| Inventory | N/A | 6,871 | 6,586 | N/A | N/A | N/A | N/A |
| Trade Receivables | 0 | 0 | 49 | 14 | 14 | 15 | 143 |
| Trade Payables | 3,907 | 3,581 | 1,721 | 3,011 | 1,119 | 1,157 | 362 |
| Net Working Capital | -3,907 | -3,581 | 6,514 | 6,989 | 8,767 | 6,891 | 5,025 |
| Net Working Capital % of Revenue | -69.1% | -44.5% | 94.7% | 427.5% | 110.0% | 90.1% | 166.1% |
| Trade Working Capital | -3,907 | 3,291 | 4,914 | -2,997 | -1,104 | -1,142 | -219 |
| Trade Working Capital % of Revenue | -69.1% | 40.9% | 71.4% | -183.3% | -13.9% | -14.9% | -7.2% |
| Change in Trade Working Capital | N/A | 7,197 | 1,623 | -7,911 | 1,893 | -38 | 923 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 0.60x | 0.41x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 610.7 | 888.3 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 24045.40x | 22861.75x | 141.20x | 117.81x | 552.20x | 505.73x | 21.22x |
| Days Sales Outstanding (DSO) | 0.0 | 0.0 | 2.6 | 3.1 | 0.7 | 0.7 | 17.2 |
| Payables Turnover | 0.73x | 1.15x | 1.57x | 0.26x | 4.43x | 4.48x | 5.52x |
| Days Payable Outstanding (DPO) | 503.0 | 318.3 | 232.1 | 1393.4 | 82.3 | 81.5 | 66.2 |
| Cash Conversion Cycle | -503.0 days | 292.5 days | 658.8 days | -1390.3 days | -81.7 days | -80.7 days | -49.0 days |
| Asset Turnover | 0.59x | 0.72x | 0.61x | 0.13x | 0.65x | 0.72x | 0.28x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 372 | 3,505 | 1,418 | -1,077 | 2,729 | 5,820 | 1,652 |
| Free Cash Flow (OCF − Capex proxy) | 379 | 1,107 | 1,184 | -1,062 | 2,625 | 5,689 | 1,652 |
| Cash Conversion (OCF / EBITDA) | 15.0% | 95.1% | 44.7% | -212.1% | 118.5% | 341.5% | 234.0% |
| Dividends Declared | 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 |
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).