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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Operates in Auto & Auto Parts. Per the activity note to the FY2024 annual report, the company sells light and heavy vehicles, provides vehicle and technical services.
Subsidiary of GAA Holding (100.0%)
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 9.3% | 9.8% | 13.7% | 13.3% | 10.1% | 9.8% |
| EBITDA Margin | 3.3% | 2.1% | 4.3% | 5.6% | 5.7% | -6.0% |
| EBITDAR | 86 | 43 | 113 | 166 | 289 | -214 |
| EBITDAR Margin | 3.3% | 2.1% | 4.3% | 5.6% | 5.7% | -6.0% |
| EBIT Margin | 3.3% | 2.1% | 4.3% | 5.6% | 5.7% | -6.0% |
| Net Profit Margin | -4.6% | -1.0% | 0.3% | 1.5% | 5.7% | -6.0% |
| Operating Expense % of Sales | 6.0% | 7.6% | 9.5% | 7.7% | 11.3% | 15.8% |
| Returns | ||||||
| Return on Assets (ROA) | -5.4% | -1.0% | 0.4% | 1.1% | 9.7% | -7.2% |
| Return on Equity (ROE) | N/A | -2.5% | 1.1% | 5.1% | 24.8% | -26.8% |
| ROIC [EBIT / Invested Capital] | 5.9% | 2.6% | 5.5% | 5.8% | 11.2% | -8.8% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 82.4% | 49.2% | 54.3% | 68.9% | 59.0% | 72.3% |
| Debt-to-Equity | -6.22x | 1.20x | 1.46x | 3.21x | 1.50x | 2.70x |
| Debt-to-EBITDA | 21.22x | 22.68x | 10.75x | 16.98x | 6.06x | N/A |
| Equity-to-Assets | -13.3% | 41.2% | 37.3% | 21.4% | 39.2% | 26.8% |
| Net Debt | 1,746 | 813 | 1,207 | 2,000 | 1,417 | 1,637 |
| Cash & Equivalents | 77 | 169 | 3 | 812 | 334 | 521 |
| Total Debt | 1,823 | 983 | 1,210 | 2,812 | 1,751 | 2,158 |
| Liquidity & working capital | ||||||
| Current Ratio | 1.11x | 9.85x | 11.38x | 9.52x | 51.60x | 96.88x |
| Quick Ratio | 0.23x | 4.38x | 6.29x | 7.89x | 20.14x | 65.47x |
| Cash Ratio | 0.04x | 0.90x | 0.02x | 2.05x | 6.05x | 18.94x |
| Total Current Assets | 2,025 | 1,857 | 1,855 | 3,774 | 2,852 | 2,663 |
| Total Current Liabilities | 1,825 | 189 | 163 | 396 | 55 | 27 |
| Inventory | 1,604 | 1,031 | 830 | 648 | 1,739 | 863 |
| Trade Receivables | 308 | 345 | 882 | 2,315 | 749 | 1,270 |
| Trade Payables | 683 | 192 | 189 | 396 | 55 | 27 |
| Net Working Capital | 200 | 1,668 | 1,692 | 3,378 | 2,797 | 2,636 |
| Net Working Capital % of Revenue | 7.7% | 82.5% | 64.2% | 113.9% | 55.2% | 74.1% |
| Trade Working Capital | 1,230 | 1,184 | 1,523 | 2,566 | 2,433 | 2,106 |
| Trade Working Capital % of Revenue | 47.2% | 58.6% | 57.8% | 86.5% | 48.0% | 59.2% |
| Change in Trade Working Capital | N/A | -46 | 339 | 1,043 | -133 | -327 |
| Turnover & efficiency | ||||||
| Inventory Turnover | 1.47x | 1.77x | 2.74x | 3.97x | 2.62x | 3.72x |
| Days Inventory Outstanding (DIO) | 247.6 | 206.2 | 133.2 | 91.9 | 139.4 | 98.2 |
| Receivables Turnover | 8.45x | 5.86x | 2.99x | 1.28x | 6.77x | 2.80x |
| Days Sales Outstanding (DSO) | 43.2 | 62.3 | 122.2 | 284.8 | 53.9 | 130.3 |
| Payables Turnover | 3.46x | 9.50x | 12.01x | 6.49x | 82.39x | 116.78x |
| Days Payable Outstanding (DPO) | 105.4 | 38.4 | 30.4 | 56.3 | 4.4 | 3.1 |
| Cash Conversion Cycle | 185.4 days | 230.1 days | 225.0 days | 320.4 days | 188.9 days | 225.4 days |
| Asset Turnover | 1.18x | 1.01x | 1.18x | 0.73x | 1.71x | 1.19x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | -1,366 | -140 | 208 | -782 | 409 | -138 |
| Free Cash Flow (OCF − Capex proxy) | -1,370 | -140 | -73 | -782 | 409 | -138 |
| Cash Conversion (OCF / EBITDA) | -1590.0% | -322.3% | 184.9% | -472.4% | 141.6% | N/A |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | 0.0% | 0.0% | 0.0% | 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).
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