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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
Georgian asset management / property holding company.
Subsidiary of Sakhelmtsipo (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 71.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| EBITDA Margin | 55.9% | 41.6% | -337.5% | -5.6% | -19.6% | -0.4% | 9.7% | 3.6% |
| EBITDAR | 4,030 | 2,771 | -47,632 | -848 | -2,120 | -52 | 2,256 | 693 |
| EBITDAR Margin | 55.9% | 41.6% | -337.5% | -5.6% | -19.6% | -0.4% | 9.7% | 3.6% |
| EBIT Margin | 36.7% | 15.6% | -349.9% | -64.6% | -55.4% | -30.3% | -5.4% | -16.9% |
| Net Profit Margin | 16.9% | -15.6% | -361.0% | -58.8% | -2672.1% | 8.8% | -91.0% | 9.8% |
| Operating Expense % of Sales | 15.1% | 58.4% | 437.5% | 105.6% | 119.6% | 100.4% | 90.3% | 96.4% |
| Returns | ||||||||
| Return on Assets (ROA) | 1.2% | -1.0% | -20.9% | -2.3% | -76.4% | 0.4% | -6.3% | 0.5% |
| Return on Equity (ROE) | 1.2% | -1.0% | -20.9% | -2.3% | -76.9% | 0.4% | -6.9% | 0.7% |
| ROIC [EBIT / Invested Capital] | 2.7% | 1.0% | -21.8% | -2.6% | -1.7% | -1.3% | -0.5% | -1.7% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | N/A | N/A | N/A | N/A | 0.00x | 0.00x |
| Equity-to-Assets | 99.7% | 99.7% | 99.6% | 99.3% | 99.4% | 99.2% | 90.9% | 68.2% |
| Net Debt | -2,973 | -3,173 | -16,460 | -16,619 | -12,653 | -16,646 | -46,577 | -95,987 |
| Cash & Equivalents | 2,973 | 3,173 | 16,460 | 16,683 | 12,653 | 16,646 | 46,577 | 95,987 |
| Total Debt | N/A | N/A | N/A | 64 | N/A | N/A | N/A | N/A |
| Liquidity & working capital | ||||||||
| Current Ratio | 16.25x | 17.56x | 30.47x | 11.48x | 9.65x | 10.65x | 16.87x | 12.84x |
| Quick Ratio | 15.36x | 16.76x | 27.02x | 9.91x | 9.17x | 9.21x | 13.32x | 11.33x |
| Cash Ratio | 9.02x | 11.53x | 14.99x | 5.84x | 5.20x | 6.96x | 12.42x | 10.68x |
| Total Current Assets | 5,357 | 4,833 | 33,455 | 32,816 | 23,499 | 25,480 | 63,287 | 115,454 |
| Total Current Liabilities | 330 | 275 | 1,098 | 2,858 | 2,434 | 2,392 | 3,751 | 8,989 |
| Inventory | 293 | 219 | 3,794 | 4,484 | 1,190 | 3,449 | 13,340 | 13,581 |
| Trade Receivables | 1,457 | 1,292 | 2,111 | 5,649 | 7,251 | 4,283 | 2,053 | 2,795 |
| Trade Payables | 330 | 275 | 1,078 | 2,783 | 2,397 | 1,928 | 2,370 | 3,275 |
| Net Working Capital | 5,028 | 4,558 | 32,357 | 29,959 | 21,065 | 23,088 | 59,536 | 106,465 |
| Net Working Capital % of Revenue | 69.8% | 68.5% | 229.3% | 197.5% | 194.6% | 191.0% | 255.5% | 549.5% |
| Trade Working Capital | 1,420 | 1,235 | 4,827 | 7,350 | 6,044 | 5,804 | 13,023 | 13,101 |
| Trade Working Capital % of Revenue | 19.7% | 18.6% | 34.2% | 48.4% | 55.8% | 48.0% | 55.9% | 67.6% |
| Change in Trade Working Capital | N/A | -185 | 3,592 | 2,523 | -1,306 | -240 | 7,219 | 78 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 7.11x | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | 51.3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Receivables Turnover | 4.94x | 5.15x | 6.69x | 2.69x | 1.49x | 2.82x | 11.35x | 6.93x |
| Days Sales Outstanding (DSO) | 73.8 | 70.9 | 54.6 | 135.9 | 244.6 | 129.4 | 32.2 | 52.7 |
| Payables Turnover | 6.32x | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Days Payable Outstanding (DPO) | 57.8 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Conversion Cycle | 67.4 days | 70.9 days | 54.6 days | 135.9 days | 244.6 days | 129.4 days | 32.2 days | 52.7 days |
| Asset Turnover | 0.07x | 0.06x | 0.06x | 0.04x | 0.03x | 0.04x | 0.07x | 0.05x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | -2,804 | 26 | 1,298 | -987 | 18,573 | -2,539 | -722 | 724 |
| Free Cash Flow (OCF − Capex proxy) | -2,804 | 500 | 11,169 | 3 | -4,155 | -377 | 2,894 | -48,396 |
| Cash Conversion (OCF / EBITDA) | -69.6% | 0.9% | N/A | N/A | N/A | N/A | -32.0% | 104.5% |
| Dividends Declared | 0 | 0 | 406 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | N/A | N/A | N/A | N/A | 0.0% | N/A | 0.0% |
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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