Grinpaki (შპს გრინპაკი)

panel 2026-09-21Ask

as filed · GEL, thousands

financial ratiosXLSX

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	138.4%	48.2%	43.1%	47.5%	52.1%	64.8%	66.9%
EBITDA Margin	78.4%	29.2%	32.6%	29.0%	31.4%	49.5%	54.4%
EBITDAR	1,061	504	902	968	967	2,162	3,742
EBITDAR Margin	78.4%	29.2%	32.6%	29.0%	31.4%	49.5%	54.4%
EBIT Margin	60.3%	10.3%	20.8%	19.6%	21.2%	42.6%	49.1%
Net Profit Margin	23.0%	-44.4%	-50.5%	77.8%	43.6%	30.3%	45.1%
Operating Expense % of Sales	59.9%	19.0%	10.5%	18.5%	20.6%	15.2%	12.4%
Returns
Return on Assets (ROA)	6.6%	-14.8%	-27.0%	51.8%	27.1%	19.8%	39.8%
Return on Equity (ROE)	N/A	N/A	N/A	N/A	N/A	460.2%	91.5%
ROIC [EBIT / Invested Capital]	18.4%	3.5%	11.3%	13.2%	13.4%	37.3%	43.8%
Leverage & debt balances
Debt-to-Assets	155.7%	168.0%	195.4%	147.4%	120.8%	74.8%	55.5%
Debt-to-Equity	-2.58x	-2.42x	-2.03x	-3.09x	-5.69x	17.43x	1.28x
Debt-to-EBITDA	6.88x	17.22x	11.23x	7.63x	6.17x	2.31x	1.16x
Equity-to-Assets	-60.3%	-69.5%	-96.2%	-47.7%	-21.2%	4.3%	43.5%
Net Debt	7,265	8,580	10,070	7,340	5,917	4,687	4,317
Cash & Equivalents	28	94	55	43	52	315	5
Total Debt	7,292	8,675	10,124	7,384	5,969	5,001	4,322
Liquidity & working capital
Current Ratio	1.59x	0.08x	0.75x	0.75x	0.75x	0.75x	0.75x
Quick Ratio	1.59x	-0.36x	0.40x	0.75x	0.75x	0.75x	0.75x
Cash Ratio	0.13x	0.07x	0.03x	0.02x	0.03x	0.18x	0.00x
Total Current Assets	342	110	1,334	1,334	1,334	1,334	1,334
Total Current Liabilities	214	1,313	1,769	1,769	1,769	1,769	1,769
Inventory	N/A	577	634	N/A	N/A	N/A	N/A
Trade Receivables	108	381	567	676	566	1,206	3,109
Trade Payables	N/A	25	19	15	22	62	79
Net Working Capital	128	-1,203	-434	-434	-434	-434	-434
Net Working Capital % of Revenue	9.4%	-69.8%	-15.7%	-13.0%	-14.1%	-9.9%	-6.3%
Trade Working Capital	108	934	1,182	661	544	1,145	3,030
Trade Working Capital % of Revenue	8.0%	54.2%	42.8%	19.8%	17.7%	26.2%	44.1%
Change in Trade Working Capital	N/A	826	249	-521	-117	600	1,885
Turnover & efficiency
Inventory Turnover	N/A	1.55x	2.48x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	236.1	147.2	N/A	N/A	N/A	N/A
Receivables Turnover	12.55x	4.52x	4.88x	4.93x	5.44x	3.62x	2.21x
Days Sales Outstanding (DSO)	29.1	80.7	74.9	74.0	67.1	100.9	165.1
Payables Turnover	N/A	35.81x	81.57x	120.41x	68.61x	24.96x	28.86x
Days Payable Outstanding (DPO)	N/A	10.2	4.5	3.0	5.3	14.6	12.6
Cash Conversion Cycle	29.1 days	306.6 days	217.6 days	70.9 days	61.8 days	86.3 days	152.4 days
Asset Turnover	0.29x	0.33x	0.53x	0.67x	0.62x	0.65x	0.88x
Cash flow & dividends
Operating Cash Flow	291	114	652	676	862	4,574	4,774
Free Cash Flow (OCF − Capex proxy)	233	102	540	578	862	3,324	-310
Cash Conversion (OCF / EBITDA)	27.5%	22.6%	72.3%	69.8%	89.1%	211.5%	127.6%
Dividends Declared	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	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.

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