Loading…
* 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
Operates in FMCG. Per the activity note to the FY2023 annual report, the company distributes food products in Georgia.
Subsidiary of Megaco (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 18.0% | 18.1% | 22.4% | 19.0% | 19.3% | 21.5% |
| EBITDA Margin | -16.5% | -17.4% | -14.4% | -0.9% | -1.7% | -1.0% |
| EBITDAR | -2,793 | -2,874 | -2,349 | -179 | -294 | -227 |
| EBITDAR Margin | -16.5% | -17.4% | -14.4% | -0.9% | -1.7% | -1.0% |
| EBIT Margin | -16.5% | -17.4% | -14.4% | -0.9% | -1.7% | -1.0% |
| Net Profit Margin | -16.5% | -17.4% | -14.4% | -12.7% | -15.2% | -12.5% |
| Operating Expense % of Sales | 34.5% | 35.5% | 36.8% | 20.0% | 21.0% | 22.6% |
| Returns | ||||||
| Return on Assets (ROA) | -33.6% | -35.5% | -34.9% | -36.5% | -20.0% | -19.7% |
| Return on Equity (ROE) | N/A | N/A | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | -55.6% | -62.0% | -68.9% | -7.1% | -3.4% | -2.9% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 195.5% | 233.7% | 296.8% | 326.5% | 225.7% | 232.6% |
| Debt-to-Equity | -1.45x | -1.35x | -1.22x | -1.14x | -1.40x | -1.32x |
| Debt-to-EBITDA | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity-to-Assets | -134.7% | -173.7% | -244.1% | -287.0% | -160.9% | -175.9% |
| Net Debt | 16,226 | 18,715 | 19,837 | 21,371 | 30,107 | 32,001 |
| Cash & Equivalents | 33 | 229 | 140 | 65 | 79 | 45 |
| Total Debt | 16,259 | 18,944 | 19,977 | 21,436 | 30,186 | 32,046 |
| Liquidity & working capital | ||||||
| Current Ratio | 1.57x | 1.17x | 0.35x | 0.26x | 0.29x | 0.29x |
| Quick Ratio | 1.57x | 0.67x | 0.22x | 0.17x | 0.19x | 0.19x |
| Cash Ratio | 6.25x | 0.03x | 0.01x | 0.00x | 0.00x | 0.00x |
| Total Current Assets | 8 | 8,092 | 6,699 | 6,538 | 8,827 | 10,076 |
| Total Current Liabilities | 5 | 6,923 | 19,405 | 25,409 | 30,314 | 34,465 |
| Inventory | N/A | 3,479 | 2,343 | 2,152 | 2,996 | 3,479 |
| Trade Receivables | 5,094 | 4,384 | 4,216 | 4,321 | 4,787 | 5,477 |
| Trade Payables | 3,117 | 3,160 | 3,182 | 3,973 | 4,703 | 5,961 |
| Net Working Capital | 3 | 1,169 | -12,706 | -18,871 | -21,487 | -24,389 |
| Net Working Capital % of Revenue | 0.0% | 7.1% | -77.9% | -100.0% | -122.0% | -111.8% |
| Trade Working Capital | 1,977 | 4,703 | 3,377 | 2,500 | 3,080 | 2,995 |
| Trade Working Capital % of Revenue | 11.7% | 28.5% | 20.7% | 13.2% | 17.5% | 13.7% |
| Change in Trade Working Capital | N/A | 2,726 | -1,326 | -877 | 580 | -85 |
| Turnover & efficiency | ||||||
| Inventory Turnover | N/A | 3.89x | 5.41x | 7.10x | 4.74x | 4.92x |
| Days Inventory Outstanding (DIO) | N/A | 93.8 | 67.5 | 51.4 | 77.0 | 74.2 |
| Receivables Turnover | 3.33x | 3.77x | 3.87x | 4.37x | 3.68x | 3.98x |
| Days Sales Outstanding (DSO) | 109.6 | 96.9 | 94.3 | 83.5 | 99.2 | 91.7 |
| Payables Turnover | 4.46x | 4.28x | 3.98x | 3.85x | 3.02x | 2.87x |
| Days Payable Outstanding (DPO) | 81.8 | 85.2 | 91.7 | 94.9 | 120.9 | 127.1 |
| Cash Conversion Cycle | 27.8 days | 105.5 days | 70.1 days | 40.1 days | 55.4 days | 38.7 days |
| Asset Turnover | 2.04x | 2.04x | 2.42x | 2.88x | 1.32x | 1.58x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | N/A | -808 | -244 | -220 | -1,947 | -900 |
| Free Cash Flow (OCF − Capex proxy) | N/A | -808 | -244 | -220 | -7,415 | -120 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 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).
Ranked by how close each latest revenue is to this one — not a curated comp set. Open this set in Compare →