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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Hospitality — Accommodation. Per the activity note to the FY2024 annual report, the group operates hotels and similar accommodation facilities with restaurants. Wholly owned by Ameri Development subsidiary.
Subsidiary of Ameri Development (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 90.5% | 91.8% | 89.6% | 93.9% | 91.6% | 91.4% | 92.1% |
| EBITDA Margin | 43.2% | 46.1% | -13.8% | 37.3% | 26.3% | 15.6% | 14.2% |
| EBITDAR | 997 | 1,264 | -45 | 398 | 548 | 312 | 271 |
| EBITDAR Margin | 43.2% | 46.1% | -13.8% | 37.3% | 26.3% | 15.6% | 14.2% |
| EBIT Margin | 17.5% | 24.2% | -196.5% | -16.1% | 16.2% | 8.4% | 7.1% |
| Net Profit Margin | 18.3% | 24.7% | -196.7% | -14.5% | 15.9% | 8.0% | 6.5% |
| Operating Expense % of Sales | 47.3% | 45.7% | 103.5% | 56.6% | 65.2% | 75.9% | 77.9% |
| Returns | |||||||
| Return on Assets (ROA) | 8.1% | 16.4% | -18.4% | -3.5% | 7.5% | 3.8% | 2.9% |
| Return on Equity (ROE) | 8.3% | 16.7% | -18.9% | -3.5% | 7.7% | 3.9% | 2.9% |
| ROIC [EBIT / Invested Capital] | 9.0% | 16.5% | -18.6% | -4.0% | 8.3% | 4.3% | 3.5% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 0.0% | 0.0% | 1.4% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | N/A | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity-to-Assets | 98.0% | 98.6% | 97.3% | 98.9% | 97.5% | 97.5% | 98.7% |
| Net Debt | -640 | -39 | 42 | -100 | -258 | -158 | -389 |
| Cash & Equivalents | 640 | 39 | 9 | 100 | 258 | 158 | 389 |
| Total Debt | N/A | N/A | 50 | N/A | N/A | N/A | N/A |
| Liquidity & working capital | |||||||
| Current Ratio | 66.43x | 72.05x | 37.23x | 69.92x | 3.58x | 2.09x | 7.60x |
| Quick Ratio | 66.43x | 71.73x | 37.09x | 69.92x | 3.58x | 2.09x | 7.60x |
| Cash Ratio | 8.17x | 0.68x | 0.09x | 2.34x | 2.74x | 1.49x | 6.91x |
| Total Current Assets | 5,204 | 4,122 | 3,473 | 2,973 | 337 | 221 | 428 |
| Total Current Liabilities | 78 | 57 | 93 | 43 | 94 | 106 | 56 |
| Inventory | N/A | 18 | 13 | N/A | N/A | N/A | N/A |
| Trade Receivables | 31 | 87 | 50 | 36 | 43 | 22 | 17 |
| Trade Payables | 78 | 57 | 43 | 43 | 89 | 65 | 51 |
| Net Working Capital | 5,126 | 4,065 | 3,380 | 2,930 | 243 | 116 | 372 |
| Net Working Capital % of Revenue | 222.2% | 148.3% | 1041.8% | 274.5% | 11.7% | 5.8% | 19.5% |
| Trade Working Capital | -47 | 48 | 20 | -6 | -46 | -43 | -34 |
| Trade Working Capital % of Revenue | -2.0% | 1.7% | 6.0% | -0.6% | -2.2% | -2.1% | -1.8% |
| Change in Trade Working Capital | N/A | 95 | -28 | -26 | -40 | 4 | 8 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 12.40x | 2.63x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 29.4 | 138.7 | N/A | N/A | N/A | N/A |
| Receivables Turnover | 73.84x | 31.59x | 6.50x | 29.56x | 48.84x | 89.28x | 115.48x |
| Days Sales Outstanding (DSO) | 4.9 | 11.6 | 56.2 | 12.3 | 7.5 | 4.1 | 3.2 |
| Payables Turnover | 2.80x | 3.92x | 0.78x | 1.54x | 1.98x | 2.64x | 2.99x |
| Days Payable Outstanding (DPO) | 130.2 | 93.0 | 469.3 | 237.6 | 184.7 | 138.1 | 122.0 |
| Cash Conversion Cycle | -125.3 days | -52.0 days | -274.5 days | -225.2 days | -177.3 days | -134.0 days | -118.8 days |
| Asset Turnover | 0.44x | 0.67x | 0.09x | 0.24x | 0.47x | 0.48x | 0.45x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 996 | 1,158 | -22 | 451 | 590 | 314 | 230 |
| Free Cash Flow (OCF − Capex proxy) | 904 | 1,111 | -34 | 438 | 553 | 299 | 226 |
| Cash Conversion (OCF / EBITDA) | 99.9% | 91.6% | N/A | 113.2% | 107.6% | 100.6% | 84.9% |
| 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.
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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