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Operates in Industrial Goods — Retail - Home Improvement. Per the activity note to the FY2022 annual report, the company imports, processes and sells natural decorative stone materials. Founded in 2014; 50% owned by David Machavariani and Levani Dadiani.
| Ratio | 2020 | 2021 | 2022 |
|---|---|---|---|
| Margins | |||
| Gross Margin | 79.2% | 73.6% | 81.1% |
| EBITDA Margin | -4.7% | -18.1% | -13.1% |
| EBITDAR | -77 | -116 | -119 |
| EBITDAR Margin | -4.7% | -18.1% | -13.1% |
| EBIT Margin | -13.4% | -26.9% | -19.7% |
| Net Profit Margin | -6.3% | -27.5% | -19.7% |
| Operating Expense % of Sales | 83.9% | 91.8% | 94.3% |
| Returns | |||
| Return on Assets (ROA) | -7.3% | -16.1% | -14.7% |
| Return on Equity (ROE) | -107.1% | N/A | N/A |
| ROIC [EBIT / Invested Capital] | -16.7% | -19.5% | -23.2% |
| Leverage & debt balances | |||
| Debt-to-Assets | 86.7% | 111.8% | 101.0% |
| Debt-to-Equity | 12.72x | -3.71x | -2.71x |
| Debt-to-EBITDA | N/A | N/A | N/A |
| Equity-to-Assets | 6.8% | -30.1% | -37.3% |
| Net Debt | 1,217 | 1,212 | 1,215 |
| Cash & Equivalents | 3 | 8 | 5 |
| Total Debt | 1,220 | 1,220 | 1,220 |
| Liquidity & working capital | |||
| Current Ratio | 1.37x | 0.25x | 1.41x |
| Quick Ratio | -3.32x | 0.25x | 1.41x |
| Cash Ratio | 0.03x | 0.04x | 0.15x |
| Total Current Assets | 122 | 49 | 46 |
| Total Current Liabilities | 89 | 198 | 32 |
| Inventory | 417 | N/A | N/A |
| Trade Receivables | 12 | 51 | 39 |
| Trade Payables | 82 | 198 | 423 |
| Net Working Capital | 33 | -148 | 13 |
| Net Working Capital % of Revenue | 2.0% | -23.2% | 1.5% |
| Trade Working Capital | 347 | -147 | -384 |
| Trade Working Capital % of Revenue | 21.2% | -23.0% | -42.4% |
| Change in Trade Working Capital | N/A | -494 | -237 |
| Turnover & efficiency | |||
| Inventory Turnover | 0.82x | N/A | N/A |
| Days Inventory Outstanding (DIO) | 446.7 | N/A | N/A |
| Receivables Turnover | 138.03x | 12.66x | 22.95x |
| Days Sales Outstanding (DSO) | 2.6 | 28.8 | 15.9 |
| Payables Turnover | 4.16x | 0.85x | 0.40x |
| Days Payable Outstanding (DPO) | 87.8 | 427.9 | 905.6 |
| Cash Conversion Cycle | 361.5 days | -399.1 days | -889.7 days |
| Asset Turnover | 1.16x | 0.59x | 0.75x |
| Cash flow & dividends | |||
| Operating Cash Flow | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A |
| Dividend Payout Ratio | 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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