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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 0 · FY2023 0
Limited public information available beyond the Reportal filing.
Group parent — controls 2 companies · ownership
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 100.0% | 100.0% | 82.9% | 59.0% | 90.9% | 63.5% |
| EBITDA Margin | 62.4% | 37.1% | 34.3% | 53.2% | 84.4% | 58.8% |
| EBITDAR | 1,985 | 1,576 | 6,658 | 13,852 | 5,597 | 19,100 |
| EBITDAR Margin | 62.4% | 37.1% | 34.3% | 53.2% | 84.4% | 58.8% |
| EBIT Margin | 48.8% | 15.7% | 27.9% | 48.1% | 48.4% | 51.5% |
| Net Profit Margin | 61.5% | 10.6% | 26.7% | -6.9% | -70.1% | -3.4% |
| Operating Expense % of Sales | 37.6% | 62.9% | 48.7% | 5.8% | 6.5% | 4.7% |
| Returns | ||||||
| Return on Assets (ROA) | 5.9% | 1.0% | 8.8% | -3.1% | -7.9% | -1.9% |
| Return on Equity (ROE) | 5.9% | 1.1% | 11.3% | -4.0% | -10.0% | -2.0% |
| ROIC [EBIT / Invested Capital] | 5.0% | 1.5% | 9.6% | 21.8% | 5.7% | 30.4% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 0.0% | 13.5% | 19.8% | 21.5% | 17.8% | 0.6% |
| Debt-to-Equity | 0.00x | 0.16x | 0.25x | 0.28x | 0.23x | 0.01x |
| Debt-to-EBITDA | 0.00x | 3.94x | 1.75x | 0.91x | 1.86x | 0.02x |
| Equity-to-Assets | 99.4% | 85.2% | 78.5% | 77.2% | 78.9% | 96.2% |
| Net Debt | -1,550 | 5,402 | 10,299 | 11,997 | 10,416 | -348 |
| Cash & Equivalents | 1,550 | 812 | 1,353 | 663 | 12 | 683 |
| Total Debt | N/A | 6,214 | 11,652 | 12,660 | 10,428 | 335 |
| Liquidity & working capital | ||||||
| Current Ratio | 10.72x | 1.78x | 1.10x | 0.64x | 0.44x | 1.63x |
| Quick Ratio | 10.72x | 1.41x | 1.10x | 0.50x | 0.44x | 1.38x |
| Cash Ratio | 7.91x | 0.72x | 0.30x | 0.10x | 0.00x | 0.32x |
| Total Current Assets | 2,101 | 1,996 | 4,927 | 4,295 | 3,077 | 3,519 |
| Total Current Liabilities | 196 | 1,121 | 4,474 | 6,711 | 6,930 | 2,163 |
| Inventory | N/A | 420 | 1 | 973 | 1 | 542 |
| Trade Receivables | 550 | 237 | 789 | 746 | 1,230 | 1,799 |
| Trade Payables | 136 | 606 | 1,001 | 723 | 1,982 | 1,828 |
| Net Working Capital | 1,905 | 875 | 453 | -2,416 | -3,853 | 1,356 |
| Net Working Capital % of Revenue | 59.9% | 20.6% | 2.3% | -9.3% | -58.1% | 4.2% |
| Trade Working Capital | 414 | 51 | -211 | 996 | -751 | 513 |
| Trade Working Capital % of Revenue | 13.0% | 1.2% | -1.1% | 3.8% | -11.3% | 1.6% |
| Change in Trade Working Capital | N/A | -363 | -262 | 1,207 | -1,747 | 1,264 |
| Turnover & efficiency | ||||||
| Inventory Turnover | N/A | N/A | 3355.62x | 10.96x | 570.08x | 21.85x |
| Days Inventory Outstanding (DIO) | N/A | N/A | 0.1 | 33.3 | 0.6 | 16.7 |
| Receivables Turnover | 5.78x | 17.90x | 24.62x | 34.87x | 5.39x | 18.05x |
| Days Sales Outstanding (DSO) | 63.1 | 20.4 | 14.8 | 10.5 | 67.7 | 20.2 |
| Payables Turnover | N/A | N/A | 3.31x | 14.75x | 0.31x | 6.48x |
| Days Payable Outstanding (DPO) | N/A | N/A | 110.3 | 24.7 | 1193.8 | 56.3 |
| Cash Conversion Cycle | 63.1 days | 20.4 days | -95.4 days | 19.0 days | -1125.4 days | -19.4 days |
| Asset Turnover | 0.10x | 0.09x | 0.33x | 0.44x | 0.11x | 0.56x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | 2,132 | 493 | 329 | 832 | -4,790 | -45 |
| Free Cash Flow (OCF − Capex proxy) | -5,310 | -12,852 | -6,635 | -3,545 | -4,790 | -4 |
| Cash Conversion (OCF / EBITDA) | 107.4% | 31.3% | 4.9% | 6.0% | -85.6% | -0.2% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | 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).
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