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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
Operates in FMCG. Per the activity note to the FY2024 annual report, the company distributes imported food products throughout Georgia.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 24.9% | 25.3% | 23.6% | 22.7% | 17.7% | 25.3% | 19.4% | 18.7% |
| EBITDA Margin | 15.1% | 5.0% | 6.2% | 7.7% | 3.5% | 9.3% | 1.3% | 1.6% |
| EBITDAR | 3,126 | 1,302 | 1,661 | 2,160 | 1,850 | 4,952 | 1,149 | 1,436 |
| EBITDAR Margin | 16.1% | 6.0% | 6.8% | 7.7% | 4.3% | 10.1% | 2.3% | 2.9% |
| EBIT Margin | 14.2% | 4.3% | 5.1% | 6.1% | 3.2% | 9.0% | 0.9% | 1.1% |
| Net Profit Margin | 4.2% | 4.1% | 3.2% | 3.9% | 3.6% | 10.5% | 1.4% | 0.9% |
| Operating Expense % of Sales | 9.8% | 20.3% | 18.0% | 15.4% | 14.4% | 16.4% | 18.7% | 17.5% |
| Returns | ||||||||
| Return on Assets (ROA) | 8.0% | 9.0% | 6.4% | 7.6% | 8.5% | 19.5% | 2.7% | 1.8% |
| Return on Equity (ROE) | 13.2% | 12.6% | 9.9% | 12.1% | 14.8% | 32.8% | 4.3% | 2.7% |
| ROIC [EBIT / Invested Capital] | 53.0% | 15.3% | 15.2% | 21.3% | 13.4% | 29.1% | 2.7% | 4.2% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 9.0% | 9.7% | 14.5% | 6.4% | 10.2% | 4.5% | 6.2% | 1.7% |
| Debt-to-Equity | 0.15x | 0.14x | 0.23x | 0.10x | 0.18x | 0.07x | 0.10x | 0.02x |
| Debt-to-EBITDA | 0.31x | 0.87x | 1.16x | 0.42x | 1.24x | 0.26x | 2.67x | 0.54x |
| Equity-to-Assets | 60.6% | 71.6% | 64.1% | 63.0% | 57.4% | 59.6% | 62.2% | 67.9% |
| Net Debt | -916 | -1,010 | 442 | -984 | -382 | -533 | -789 | -3,798 |
| Cash & Equivalents | 1,825 | 1,960 | 1,317 | 1,891 | 2,248 | 1,707 | 2,430 | 4,219 |
| Total Debt | 909 | 951 | 1,759 | 907 | 1,866 | 1,174 | 1,640 | 421 |
| Liquidity & working capital | ||||||||
| Current Ratio | 2.90x | 4.16x | 3.43x | 2.77x | 2.62x | 2.58x | 2.61x | 2.99x |
| Quick Ratio | 2.06x | 3.03x | 2.37x | 1.85x | 2.06x | 1.99x | 2.03x | 2.23x |
| Cash Ratio | 0.57x | 0.90x | 0.42x | 0.38x | 0.33x | 0.17x | 0.25x | 0.52x |
| Total Current Assets | 9,320 | 9,105 | 10,776 | 13,731 | 17,777 | 25,610 | 25,175 | 24,272 |
| Total Current Liabilities | 3,209 | 2,189 | 3,146 | 4,961 | 6,786 | 9,932 | 9,636 | 8,125 |
| Inventory | 2,706 | 2,468 | 3,318 | 4,535 | 3,808 | 5,850 | 5,645 | 6,130 |
| Trade Receivables | 4,789 | 4,677 | 5,644 | 6,718 | 10,948 | 17,717 | 16,761 | 13,409 |
| Trade Payables | 3,064 | 1,745 | 2,168 | 3,773 | 4,835 | 8,734 | 7,709 | 7,320 |
| Net Working Capital | 6,111 | 6,916 | 7,630 | 8,770 | 10,991 | 15,678 | 15,539 | 16,147 |
| Net Working Capital % of Revenue | 31.4% | 32.0% | 31.3% | 31.4% | 25.5% | 32.0% | 31.7% | 33.0% |
| Trade Working Capital | 4,431 | 5,400 | 6,794 | 7,481 | 9,920 | 14,833 | 14,698 | 12,218 |
| Trade Working Capital % of Revenue | 22.8% | 25.0% | 27.9% | 26.8% | 23.0% | 30.3% | 30.0% | 25.0% |
| Change in Trade Working Capital | N/A | 969 | 1,394 | 687 | 2,439 | 4,913 | -136 | -2,479 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 5.41x | 6.54x | 5.62x | 4.76x | 9.32x | 6.26x | 6.99x | 6.49x |
| Days Inventory Outstanding (DIO) | 67.5 | 55.8 | 65.0 | 76.6 | 39.1 | 58.3 | 52.2 | 56.3 |
| Receivables Turnover | 4.07x | 4.62x | 4.32x | 4.16x | 3.94x | 2.76x | 2.92x | 3.65x |
| Days Sales Outstanding (DSO) | 89.8 | 79.0 | 84.5 | 87.7 | 92.6 | 132.0 | 125.0 | 100.1 |
| Payables Turnover | 4.77x | 9.25x | 8.60x | 5.73x | 7.34x | 4.19x | 5.12x | 5.43x |
| Days Payable Outstanding (DPO) | 76.4 | 39.5 | 42.5 | 63.7 | 49.7 | 87.1 | 71.3 | 67.2 |
| Cash Conversion Cycle | 80.8 days | 95.3 days | 107.0 days | 100.6 days | 82.1 days | 103.3 days | 105.9 days | 89.2 days |
| Asset Turnover | 1.93x | 2.21x | 2.01x | 1.96x | 2.35x | 1.86x | 1.86x | 1.93x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | -667 | 181 | -422 | 1,117 | -549 | 241 | 869 | 2,833 |
| Free Cash Flow (OCF − Capex proxy) | -667 | 173 | -495 | 1,093 | -759 | -57 | 224 | 2,712 |
| Cash Conversion (OCF / EBITDA) | -22.7% | 16.6% | -27.7% | 51.7% | -36.4% | 5.3% | 141.6% | 363.2% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 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).
Ranked by how close each latest revenue is to this one — not a curated comp set.