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Operates in Construction — Project Development. Per the activity note to the FY2023 annual report, the company leases construction equipment with operator, carries out building construction and preparatory work.
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | 32.9% | 30.8% | 21.3% | 8.3% | 78.1% |
| EBITDA Margin | 27.3% | 25.9% | -5.1% | -16.2% | 74.4% |
| EBITDAR | 2,277 | 1,408 | -147 | -480 | 12,981 |
| EBITDAR Margin | 27.5% | 26.1% | -5.1% | -16.0% | 74.5% |
| EBIT Margin | 26.3% | 23.8% | -9.5% | -22.1% | 73.4% |
| Net Profit Margin | 27.3% | 25.9% | -8.5% | -20.6% | 74.5% |
| Operating Expense % of Sales | 5.5% | 5.0% | 26.5% | 24.5% | 3.7% |
| Returns | |||||
| Return on Assets (ROA) | 42.6% | 24.6% | -4.2% | -10.9% | 114.3% |
| Return on Equity (ROE) | 51.3% | 24.9% | -4.7% | -14.1% | 119.7% |
| ROIC [EBIT / Invested Capital] | 129.5% | 41.0% | -7.2% | -19.9% | 381.5% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 0.0% | 0.0% | 3.8% | 1.9% | 0.4% |
| Debt-to-Equity | 0.00x | 0.00x | 0.04x | 0.02x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | N/A | N/A | 0.00x |
| Equity-to-Assets | 83.1% | 98.8% | 89.9% | 77.6% | 95.5% |
| Net Debt | -2,729 | -2,456 | -1,396 | -1,075 | -7,493 |
| Cash & Equivalents | 2,729 | 2,456 | 1,614 | 1,183 | 7,542 |
| Total Debt | N/A | N/A | 218 | 109 | 49 |
| Liquidity & working capital | |||||
| Current Ratio | 4.28x | 58.41x | 7.29x | 26.46x | 180.19x |
| Quick Ratio | 4.28x | 56.28x | 6.86x | 26.46x | 180.19x |
| Cash Ratio | 3.04x | 35.61x | 4.23x | 11.41x | 159.30x |
| Total Current Assets | 3,842 | 4,028 | 2,780 | 2,744 | 8,531 |
| Total Current Liabilities | 898 | 69 | 382 | 104 | 47 |
| Inventory | N/A | 147 | 164 | N/A | N/A |
| Trade Receivables | 1,093 | 1,405 | 982 | 1,036 | 796 |
| Trade Payables | 861 | 8 | 311 | 1,065 | 57 |
| Net Working Capital | 2,943 | 3,959 | 2,398 | 2,640 | 8,484 |
| Net Working Capital % of Revenue | 35.6% | 73.5% | 83.8% | 87.9% | 48.7% |
| Trade Working Capital | 232 | 1,545 | 835 | -28 | 739 |
| Trade Working Capital % of Revenue | 2.8% | 28.7% | 29.2% | -0.9% | 4.2% |
| Change in Trade Working Capital | N/A | 1,312 | -710 | -863 | 768 |
| Turnover & efficiency | |||||
| Inventory Turnover | N/A | 25.31x | 13.69x | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 14.4 | 26.7 | N/A | N/A |
| Receivables Turnover | 7.56x | 3.83x | 2.91x | 2.90x | 21.89x |
| Days Sales Outstanding (DSO) | 48.3 | 95.2 | 125.2 | 126.0 | 16.7 |
| Payables Turnover | 6.45x | 491.35x | 7.23x | 2.59x | 67.04x |
| Days Payable Outstanding (DPO) | 56.6 | 0.7 | 50.5 | 141.1 | 5.4 |
| Cash Conversion Cycle | -8.4 days | 108.9 days | 101.4 days | -15.1 days | 11.2 days |
| Asset Turnover | 1.56x | 0.95x | 0.49x | 0.53x | 1.53x |
| Cash flow & dividends | |||||
| Operating Cash Flow | 851 | -273 | -842 | -431 | 6,359 |
| Free Cash Flow (OCF − Capex proxy) | 851 | -273 | -842 | -431 | 6,359 |
| Cash Conversion (OCF / EBITDA) | 37.6% | -19.6% | N/A | N/A | 49.0% |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | 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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