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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Logistics & Transport — Road Freight. Per the activity note to the FY2023 annual report, the company provides road freight transportation services. Founded on 28 March 2016.
| Ratio | 2022 | 2023 |
|---|---|---|
| Margins | ||
| Gross Margin | 28.4% | 70.0% |
| EBITDA Margin | 3.8% | 4.9% |
| EBITDAR | 636 | 291 |
| EBITDAR Margin | 6.3% | 10.3% |
| EBIT Margin | -0.9% | -1.4% |
| Net Profit Margin | -1.8% | -6.4% |
| Operating Expense % of Sales | 24.6% | 65.1% |
| Returns | ||
| Return on Assets (ROA) | -8.4% | -16.4% |
| Return on Equity (ROE) | -32.8% | -50.8% |
| ROIC [EBIT / Invested Capital] | -6.6% | -3.7% |
| Leverage & debt balances | ||
| Debt-to-Assets | 46.7% | 65.8% |
| Debt-to-Equity | 1.81x | 2.04x |
| Debt-to-EBITDA | 2.54x | 5.28x |
| Equity-to-Assets | 25.8% | 32.3% |
| Net Debt | 887 | 721 |
| Cash & Equivalents | 94 | 11 |
| Total Debt | 980 | 732 |
| Liquidity & working capital | ||
| Current Ratio | 0.09x | 0.04x |
| Quick Ratio | 0.09x | 0.04x |
| Cash Ratio | 0.09x | 0.04x |
| Total Current Assets | 94 | 11 |
| Total Current Liabilities | 1,055 | 283 |
| Inventory | N/A | N/A |
| Trade Receivables | 255 | 119 |
| Trade Payables | 548 | 16 |
| Net Working Capital | -961 | -272 |
| Net Working Capital % of Revenue | -9.5% | -9.6% |
| Trade Working Capital | -293 | 103 |
| Trade Working Capital % of Revenue | -2.9% | 3.6% |
| Change in Trade Working Capital | N/A | 396 |
| Turnover & efficiency | ||
| Inventory Turnover | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A |
| Receivables Turnover | 39.65x | 23.85x |
| Days Sales Outstanding (DSO) | 9.2 | 15.3 |
| Payables Turnover | 13.22x | 53.59x |
| Days Payable Outstanding (DPO) | 27.6 | 6.8 |
| Cash Conversion Cycle | -18.4 days | 8.5 days |
| Asset Turnover | 4.82x | 2.54x |
| Cash flow & dividends | ||
| Operating Cash Flow | 542 | 141 |
| Free Cash Flow (OCF − Capex proxy) | -7 | -47 |
| Cash Conversion (OCF / EBITDA) | 140.6% | 101.4% |
| Dividends Declared | N/A | N/A |
| Dividend Payout Ratio | 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).
Ranked by how close each latest revenue is to this one — not a curated comp set.