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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 0 · FY2023 0
Georgian cement trader/producer affiliated with German Cement brand.
Group parent — controls 1 company · ownership
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | 17.4% | 13.3% | 20.6% | 12.1% | 13.9% |
| EBITDA Margin | 10.0% | 9.2% | 15.1% | 8.1% | 6.6% |
| EBITDAR | 373 | 1,324 | 3,336 | 2,787 | 1,652 |
| EBITDAR Margin | 10.0% | 9.4% | 15.3% | 8.2% | 6.8% |
| EBIT Margin | 8.3% | 8.3% | 13.2% | 6.5% | 6.2% |
| Net Profit Margin | 8.3% | 3.4% | 13.6% | 9.3% | -0.7% |
| Operating Expense % of Sales | 7.4% | 4.2% | 5.4% | 4.0% | 7.3% |
| Returns | |||||
| Return on Assets (ROA) | 5.0% | 3.5% | 18.4% | 16.8% | -1.0% |
| Return on Equity (ROE) | 12.3% | 16.0% | 49.8% | 34.6% | -1.9% |
| ROIC [EBIT / Invested Capital] | 8.8% | 17.2% | 29.3% | 15.1% | 11.0% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 17.8% | 31.1% | 24.8% | 31.6% | 29.9% |
| Debt-to-Equity | 0.43x | 1.42x | 0.67x | 0.65x | 0.59x |
| Debt-to-EBITDA | 2.91x | 3.29x | 1.21x | 2.15x | 3.28x |
| Equity-to-Assets | 41.0% | 22.0% | 37.0% | 48.6% | 50.6% |
| Net Debt | 1,002 | 3,756 | 3,815 | 5,505 | 4,910 |
| Cash & Equivalents | 83 | 472 | 178 | 402 | 364 |
| Total Debt | 1,085 | 4,228 | 3,994 | 5,907 | 5,274 |
| Liquidity & working capital | |||||
| Current Ratio | 2.06x | 0.84x | 0.84x | 1.55x | 0.90x |
| Quick Ratio | 1.96x | 0.69x | 0.69x | 1.23x | 0.58x |
| Cash Ratio | 0.05x | 0.14x | 0.04x | 0.11x | 0.10x |
| Total Current Assets | 3,495 | 2,866 | 3,559 | 5,850 | 3,145 |
| Total Current Liabilities | 1,699 | 3,432 | 4,214 | 3,775 | 3,488 |
| Inventory | 166 | 502 | 634 | 1,213 | 1,138 |
| Trade Receivables | 251 | 605 | 1,208 | 1,839 | 1,271 |
| Trade Payables | 1,377 | 3,125 | 3,286 | 2,608 | 1,970 |
| Net Working Capital | 1,796 | -566 | -654 | 2,075 | -342 |
| Net Working Capital % of Revenue | 48.2% | -4.0% | -3.0% | 6.1% | -1.4% |
| Trade Working Capital | -960 | -2,018 | -1,444 | 444 | 439 |
| Trade Working Capital % of Revenue | -25.8% | -14.4% | -6.6% | 1.3% | 1.8% |
| Change in Trade Working Capital | N/A | -1,058 | 575 | 1,888 | -5 |
| Turnover & efficiency | |||||
| Inventory Turnover | 18.48x | 24.18x | 27.25x | 24.59x | 18.36x |
| Days Inventory Outstanding (DIO) | 19.8 | 15.1 | 13.4 | 14.8 | 19.9 |
| Receivables Turnover | 14.85x | 23.16x | 17.99x | 18.45x | 19.11x |
| Days Sales Outstanding (DSO) | 24.6 | 15.8 | 20.3 | 19.8 | 19.1 |
| Payables Turnover | 2.23x | 3.89x | 5.26x | 11.44x | 10.61x |
| Days Payable Outstanding (DPO) | 163.4 | 93.9 | 69.4 | 31.9 | 34.4 |
| Cash Conversion Cycle | -119.1 days | -63.1 days | -35.8 days | 2.7 days | 4.6 days |
| Asset Turnover | 0.61x | 1.03x | 1.35x | 1.81x | 1.38x |
| Cash flow & dividends | |||||
| Operating Cash Flow | 83 | 18,855 | 1,277 | 119 | 3,122 |
| Free Cash Flow (OCF − Capex proxy) | 83 | 389 | -376 | -888 | 725 |
| Cash Conversion (OCF / EBITDA) | 22.3% | 1468.1% | 38.8% | 4.3% | 194.3% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 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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