Higien Service (შპს ჰიგიენ სერვისი)

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	56.7%	85.0%	87.9%	88.5%	83.4%	21.0%	24.4%
EBITDA Margin	14.5%	13.5%	11.6%	14.1%	7.0%	7.5%	14.3%
EBITDAR	353	473	402	515	319	450	1,080
EBITDAR Margin	14.5%	13.5%	11.6%	14.1%	7.0%	8.1%	14.7%
EBIT Margin	12.7%	10.1%	7.0%	9.4%	2.4%	3.2%	11.4%
Net Profit Margin	13.5%	10.0%	17.0%	13.9%	6.3%	1.9%	11.3%
Operating Expense % of Sales	42.2%	71.5%	76.3%	74.5%	76.5%	13.5%	10.1%
Returns
Return on Assets (ROA)	55.5%	30.1%	51.1%	36.5%	16.8%	6.4%	34.0%
Return on Equity (ROE)	67.6%	48.3%	61.0%	50.3%	25.6%	10.6%	48.4%
ROIC [EBIT / Invested Capital]	83.1%	71.1%	44.6%	60.0%	18.8%	57.0%	196.2%
Leverage & debt balances
Debt-to-Assets	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
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	82.1%	62.3%	83.7%	72.6%	65.5%	60.8%	70.4%
Net Debt	-115	-227	-417	-441	-538	-676	-1,287
Cash & Equivalents	115	227	417	441	538	676	1,287
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Liquidity & working capital
Current Ratio	3.55x	1.54x	3.98x	2.37x	1.79x	1.67x	2.62x
Quick Ratio	3.55x	1.32x	3.35x	2.37x	1.79x	1.67x	2.62x
Cash Ratio	1.08x	0.52x	2.23x	1.15x	0.91x	1.06x	1.78x
Total Current Assets	376	676	744	909	1,060	1,069	1,892
Total Current Liabilities	106	438	187	384	593	638	722
Inventory	N/A	96	118	N/A	N/A	N/A	N/A
Trade Receivables	170	351	197	296	426	304	491
Trade Payables	9	237	140	210	385	374	524
Net Working Capital	270	237	557	525	467	430	1,170
Net Working Capital % of Revenue	11.1%	6.8%	16.1%	14.3%	10.2%	7.8%	16.0%
Trade Working Capital	161	210	175	86	41	-70	-33
Trade Working Capital % of Revenue	6.6%	6.0%	5.1%	2.4%	0.9%	-1.3%	-0.4%
Change in Trade Working Capital	N/A	49	-35	-89	-46	-111	37
Turnover & efficiency
Inventory Turnover	N/A	5.51x	3.55x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	66.2	102.8	N/A	N/A	N/A	N/A
Receivables Turnover	14.33x	10.01x	17.58x	12.38x	10.73x	18.26x	14.95x
Days Sales Outstanding (DSO)	25.5	36.5	20.8	29.5	34.0	20.0	24.4
Payables Turnover	113.26x	2.23x	3.00x	2.00x	1.97x	11.73x	10.59x
Days Payable Outstanding (DPO)	3.2	163.7	121.8	182.3	185.6	31.1	34.5
Cash Conversion Cycle	22.3 days	-61.0 days	1.8 days	-152.8 days	-151.6 days	-11.1 days	-10.1 days
Asset Turnover	4.12x	3.02x	3.01x	2.62x	2.66x	3.41x	3.01x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	423	246	267	516
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	470	272	428	711
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	82.0%	77.4%	64.0%	49.2%
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.

Higien Service

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