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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 1,007 · FY2023 500 · FY2024 3,696 — 3-yr total 5,203
Citadeli LLC is a Georgian construction-materials importer and distributor (founded 2011), supplying formwork, insulation, adhesives, tools and construction equipment from Rockwool, Peri, Liebherr, Sveza, Isover, Comansa and others. HQ at Agladze 32, Tbilisi.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 13.2% | 10.5% | 11.5% | 14.5% | 17.2% | 14.9% | 15.2% | 13.6% |
| EBITDA Margin | 10.7% | 3.9% | 6.3% | 8.5% | 10.1% | 5.5% | 5.8% | 4.5% |
| EBITDAR | 7,676 | 4,141 | 8,329 | 10,391 | 18,209 | 11,273 | 10,989 | 11,872 |
| EBITDAR Margin | 11.3% | 4.7% | 6.3% | 8.5% | 10.1% | 6.0% | 5.9% | 4.6% |
| EBIT Margin | 10.3% | 3.5% | 5.1% | 6.8% | 8.7% | 3.6% | 2.9% | 1.8% |
| Net Profit Margin | 6.2% | 2.2% | 2.7% | 0.3% | 9.4% | 4.6% | 0.9% | -0.3% |
| Operating Expense % of Sales | 2.5% | 6.6% | 5.4% | 6.1% | 7.4% | 9.6% | 9.7% | 9.2% |
| Returns | ||||||||
| Return on Assets (ROA) | 14.6% | 5.5% | 8.1% | 0.8% | 25.3% | 12.3% | 1.9% | -0.8% |
| Return on Equity (ROE) | 42.9% | 16.8% | 23.4% | 2.5% | 52.0% | 21.5% | 4.2% | -2.1% |
| ROIC [EBIT / Invested Capital] | 26.7% | 10.1% | 17.4% | 17.6% | 27.7% | 10.8% | 6.6% | 5.3% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 58.9% | 55.3% | 54.1% | 60.8% | 41.8% | 33.1% | 41.6% | 49.5% |
| Debt-to-Equity | 1.74x | 1.70x | 1.56x | 2.05x | 0.86x | 0.58x | 0.94x | 1.38x |
| Debt-to-EBITDA | 2.33x | 5.73x | 2.85x | 3.08x | 1.54x | 2.25x | 3.61x | 4.38x |
| Equity-to-Assets | 34.0% | 32.4% | 34.7% | 29.7% | 48.6% | 57.0% | 44.5% | 35.8% |
| Net Debt | 16,504 | 19,155 | 23,610 | 31,543 | 24,091 | 22,807 | 38,476 | 49,785 |
| Cash & Equivalents | 328 | 722 | 125 | 414 | 3,869 | 463 | 243 | 1,247 |
| Total Debt | 16,833 | 19,877 | 23,735 | 31,957 | 27,960 | 23,270 | 38,719 | 51,032 |
| Liquidity & working capital | ||||||||
| Current Ratio | 1.94x | 1.22x | 1.13x | 2.63x | 1.71x | 1.60x | 1.17x | 1.31x |
| Quick Ratio | 0.76x | 0.51x | 0.47x | 1.13x | 0.86x | 0.64x | 0.47x | 0.59x |
| Cash Ratio | 0.04x | 0.05x | 0.01x | 0.04x | 0.16x | 0.02x | 0.01x | 0.03x |
| Total Current Assets | 15,395 | 18,999 | 22,453 | 28,252 | 41,015 | 36,853 | 50,507 | 56,155 |
| Total Current Liabilities | 7,955 | 15,630 | 19,814 | 10,745 | 24,046 | 23,086 | 43,144 | 42,937 |
| Inventory | 9,315 | 11,000 | 13,077 | 16,117 | 20,366 | 22,109 | 30,031 | 30,632 |
| Trade Receivables | 3,052 | 4,021 | 5,213 | 6,512 | 11,490 | 9,291 | 12,254 | 14,168 |
| Trade Payables | 1,368 | 1,427 | 2,292 | 3,348 | 2,685 | 4,494 | 8,905 | 5,408 |
| Net Working Capital | 7,440 | 3,369 | 2,639 | 17,506 | 16,970 | 13,768 | 7,363 | 13,218 |
| Net Working Capital % of Revenue | 11.0% | 3.8% | 2.0% | 14.4% | 9.4% | 7.4% | 4.0% | 5.1% |
| Trade Working Capital | 10,999 | 13,594 | 15,997 | 19,282 | 29,171 | 26,906 | 33,380 | 39,391 |
| Trade Working Capital % of Revenue | 16.3% | 15.3% | 12.1% | 15.8% | 16.2% | 14.4% | 18.0% | 15.1% |
| Change in Trade Working Capital | N/A | 2,595 | 2,404 | 3,284 | 9,890 | -2,266 | 6,474 | 6,012 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 6.31x | 7.24x | 8.95x | 6.47x | 7.31x | 7.19x | 5.24x | 7.36x |
| Days Inventory Outstanding (DIO) | 57.9 | 50.4 | 40.8 | 56.5 | 50.0 | 50.8 | 69.6 | 49.6 |
| Receivables Turnover | 22.18x | 22.14x | 25.36x | 18.71x | 15.65x | 20.10x | 15.15x | 18.41x |
| Days Sales Outstanding (DSO) | 16.5 | 16.5 | 14.4 | 19.5 | 23.3 | 18.2 | 24.1 | 19.8 |
| Payables Turnover | 42.94x | 55.83x | 51.06x | 31.13x | 55.42x | 35.35x | 17.68x | 41.66x |
| Days Payable Outstanding (DPO) | 8.5 | 6.5 | 7.1 | 11.7 | 6.6 | 10.3 | 20.6 | 8.8 |
| Cash Conversion Cycle | 65.8 days | 60.3 days | 48.0 days | 64.2 days | 66.7 days | 58.6 days | 73.1 days | 60.7 days |
| Asset Turnover | 2.37x | 2.48x | 3.01x | 2.32x | 2.69x | 2.65x | 2.00x | 2.53x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | -2,305 | 2,997 | 2,801 | 3,473 | 9,505 | 13,276 | 3,996 | 4,993 |
| Free Cash Flow (OCF − Capex proxy) | -2,305 | -1,570 | 417 | -851 | 5,414 | 1,018 | -12,064 | -8,862 |
| Cash Conversion (OCF / EBITDA) | -32.0% | 86.4% | 33.6% | 33.4% | 52.5% | 128.6% | 37.3% | 42.9% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 1,007 | 500 | 3,696 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 11.7% | 28.5% | 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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