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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Georgian member firm of BDO International, providing audit, tax and advisory services.
Group parent — controls 2 companies · ownership
| Ratio | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Margins | ||||
| Gross Margin | 100.0% | 98.7% | 30.1% | 26.2% |
| EBITDA Margin | 21.9% | 5.3% | 7.2% | 10.1% |
| EBITDAR | 4,080 | 1,808 | 2,412 | 3,175 |
| EBITDAR Margin | 26.2% | 9.7% | 11.0% | 12.5% |
| EBIT Margin | 20.5% | 4.1% | 6.3% | 9.8% |
| Net Profit Margin | 22.4% | 0.2% | 7.1% | 8.3% |
| Operating Expense % of Sales | 78.1% | 93.4% | 22.9% | 16.1% |
| Returns | ||||
| Return on Assets (ROA) | 35.1% | 0.3% | 13.2% | 18.0% |
| Return on Equity (ROE) | 53.6% | 0.4% | 34.6% | 211114.0% |
| ROIC [EBIT / Invested Capital] | 200.7% | 32.6% | N/A | N/A |
| Leverage & debt balances | ||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity-to-Assets | 65.5% | 69.6% | 38.2% | 0.0% |
| Net Debt | -4,926 | -4,187 | -5,719 | -5,786 |
| Cash & Equivalents | 4,926 | 4,187 | 5,719 | 5,786 |
| Total Debt | N/A | N/A | N/A | N/A |
| Liquidity & working capital | ||||
| Current Ratio | 2.70x | 3.05x | 1.52x | 1.16x |
| Quick Ratio | 2.69x | 3.04x | 1.52x | 1.16x |
| Cash Ratio | 1.43x | 1.46x | 0.78x | 0.59x |
| Total Current Assets | 9,274 | 8,731 | 11,163 | 11,297 |
| Total Current Liabilities | 3,437 | 2,861 | 7,337 | 9,747 |
| Inventory | 13 | 18 | 13 | 26 |
| Trade Receivables | 4,335 | 4,391 | 5,168 | 5,163 |
| Trade Payables | 340 | 1,009 | 917 | 1,424 |
| Net Working Capital | 5,837 | 5,870 | 3,826 | 1,550 |
| Net Working Capital % of Revenue | 37.4% | 31.7% | 17.4% | 6.1% |
| Trade Working Capital | 4,008 | 3,400 | 4,263 | 3,765 |
| Trade Working Capital % of Revenue | 25.7% | 18.3% | 19.4% | 14.8% |
| Change in Trade Working Capital | N/A | -608 | 863 | -499 |
| Turnover & efficiency | ||||
| Inventory Turnover | N/A | 13.43x | 1185.20x | 723.99x |
| Days Inventory Outstanding (DIO) | N/A | 27.2 | 0.3 | 0.5 |
| Receivables Turnover | 3.60x | 4.22x | 4.24x | 4.93x |
| Days Sales Outstanding (DSO) | 101.5 | 86.4 | 86.0 | 74.0 |
| Payables Turnover | N/A | 0.25x | 16.73x | 13.21x |
| Days Payable Outstanding (DPO) | N/A | 1485.0 | 21.8 | 27.6 |
| Cash Conversion Cycle | 101.5 days | -1371.4 days | 64.5 days | 46.8 days |
| Asset Turnover | 1.57x | 1.97x | 1.85x | 2.17x |
| Cash flow & dividends | ||||
| Operating Cash Flow | 3,429 | 1,765 | 1,844 | 3,649 |
| Free Cash Flow (OCF − Capex proxy) | 7,065 | 1,416 | 1,516 | 3,556 |
| Cash Conversion (OCF / EBITDA) | 100.5% | 179.5% | 117.3% | 141.8% |
| Dividends Declared | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | 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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