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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
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 11.2% | 21.6% | 16.3% | 32.5% | 40.6% | 40.5% |
| EBITDA Margin | -14.6% | 2.0% | -2.9% | 20.9% | 24.6% | 22.5% |
| EBITDAR | -255 | 39 | -78 | 1,512 | 2,115 | 1,804 |
| EBITDAR Margin | -14.6% | 2.0% | -2.9% | 20.9% | 24.6% | 22.8% |
| EBIT Margin | -23.4% | -7.4% | -10.7% | 18.2% | 22.1% | 19.7% |
| Net Profit Margin | -34.0% | -43.5% | -7.5% | 23.7% | 18.2% | 15.8% |
| Operating Expense % of Sales | 25.9% | 19.7% | 19.2% | 11.6% | 16.0% | 18.0% |
| Returns | ||||||
| Return on Assets (ROA) | -10.1% | -15.0% | -3.3% | 30.4% | 26.4% | 18.4% |
| Return on Equity (ROE) | N/A | N/A | N/A | N/A | 112.0% | 47.2% |
| ROIC [EBIT / Invested Capital] | -12.5% | -5.5% | -13.2% | 38.3% | 40.8% | 28.9% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 70.0% | 75.2% | 68.4% | 63.6% | 55.4% | 41.5% |
| Debt-to-Equity | -5.08x | -2.61x | -2.14x | -21.41x | 2.35x | 1.06x |
| Debt-to-EBITDA | N/A | 111.98x | N/A | 2.37x | 1.55x | 1.57x |
| Equity-to-Assets | -13.8% | -28.9% | -32.0% | -3.0% | 23.6% | 39.0% |
| Net Debt | 4,089 | 4,363 | 4,022 | 3,592 | 3,271 | 2,761 |
| Cash & Equivalents | 31 | 34 | 0 | 0 | 6 | 51 |
| Total Debt | 4,120 | 4,398 | 4,022 | 3,592 | 3,277 | 2,812 |
| Liquidity & working capital | ||||||
| Current Ratio | 0.30x | 0.22x | 0.19x | 0.20x | 0.25x | 0.73x |
| Quick Ratio | 0.15x | 0.03x | 0.05x | 0.09x | 0.04x | 0.45x |
| Cash Ratio | 0.01x | 0.02x | 0.00x | 0.00x | 0.00x | 0.02x |
| Total Current Assets | 868 | 453 | 528 | 509 | 565 | 1,549 |
| Total Current Liabilities | 2,845 | 2,086 | 2,743 | 2,585 | 2,269 | 2,108 |
| Inventory | 452 | 393 | 389 | 285 | 467 | 597 |
| Trade Receivables | 185 | 25 | 140 | 224 | 92 | 104 |
| Trade Payables | 1,455 | 1,513 | 1,442 | 1,215 | 1,144 | 1,129 |
| Net Working Capital | -1,978 | -1,633 | -2,214 | -2,076 | -1,705 | -559 |
| Net Working Capital % of Revenue | -113.4% | -81.1% | -83.9% | -28.7% | -19.8% | -7.1% |
| Trade Working Capital | -819 | -1,094 | -913 | -706 | -585 | -427 |
| Trade Working Capital % of Revenue | -46.9% | -54.3% | -34.6% | -9.8% | -6.8% | -5.4% |
| Change in Trade Working Capital | N/A | -275 | 181 | 208 | 121 | 158 |
| Turnover & efficiency | ||||||
| Inventory Turnover | 3.43x | 4.01x | 5.69x | 17.10x | 10.95x | 7.89x |
| Days Inventory Outstanding (DIO) | 106.5 | 91.0 | 64.2 | 21.3 | 33.3 | 46.3 |
| Receivables Turnover | 9.45x | 79.66x | 18.86x | 32.26x | 93.21x | 75.91x |
| Days Sales Outstanding (DSO) | 38.6 | 4.6 | 19.4 | 11.3 | 3.9 | 4.8 |
| Payables Turnover | 1.06x | 1.04x | 1.53x | 4.01x | 4.47x | 4.17x |
| Days Payable Outstanding (DPO) | 343.1 | 349.9 | 238.2 | 91.0 | 81.7 | 87.5 |
| Cash Conversion Cycle | -198.0 days | -254.4 days | -154.6 days | -58.3 days | -44.5 days | -36.4 days |
| Asset Turnover | 0.30x | 0.34x | 0.45x | 1.28x | 1.45x | 1.17x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | -24 | 613 | 657 | 250 | 1,056 | 1,482 |
| Free Cash Flow (OCF − Capex proxy) | -400 | 271 | 607 | 187 | 362 | 589 |
| Cash Conversion (OCF / EBITDA) | N/A | 1562.0% | N/A | 16.5% | 50.0% | 83.0% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | N/A | 0.0% | 0.0% | 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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