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Operates in Logistics & Transport — Road Freight. Per the activity note to the FY2024 annual report, the company provides international and domestic transport services. Founded September 2017.
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 17.2% | 17.4% | 10.3% | 11.2% | 9.3% | 9.7% |
| EBITDA Margin | 10.3% | 12.6% | 4.0% | 7.1% | 3.4% | 2.3% |
| EBITDAR | 209 | 269 | 78 | 244 | 102 | 56 |
| EBITDAR Margin | 10.3% | 12.6% | 4.0% | 7.1% | 3.4% | 2.3% |
| EBIT Margin | 10.3% | 12.6% | 4.0% | 7.1% | 3.4% | 2.3% |
| Net Profit Margin | -4.3% | 2.3% | 1.4% | 5.9% | 0.6% | -4.1% |
| Operating Expense % of Sales | 6.9% | 4.8% | 6.3% | 4.1% | 5.8% | 7.4% |
| Returns | ||||||
| Return on Assets (ROA) | -7.2% | 4.1% | 2.2% | 13.7% | 1.4% | -8.5% |
| Return on Equity (ROE) | N/A | N/A | 1557.8% | 101.4% | 7.8% | -82.3% |
| ROIC [EBIT / Invested Capital] | 22.2% | 28.7% | 8.0% | 21.4% | 9.9% | 5.5% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 84.2% | 81.3% | 80.0% | 63.2% | 67.1% | 76.2% |
| Debt-to-Equity | -13.69x | -37.48x | 554.68x | 4.67x | 3.64x | 7.41x |
| Debt-to-EBITDA | 4.85x | 3.59x | 12.54x | 3.84x | 7.95x | 16.01x |
| Equity-to-Assets | -6.2% | -2.2% | 0.1% | 13.5% | 18.4% | 10.3% |
| Net Debt | 1,013 | 966 | 973 | 939 | 805 | 900 |
| Cash & Equivalents | 1 | 1 | 9 | 0 | 4 | 3 |
| Total Debt | 1,014 | 967 | 981 | 939 | 809 | 903 |
| Liquidity & working capital | ||||||
| Current Ratio | 0.49x | 0.57x | 0.37x | 0.57x | 0.41x | 0.26x |
| Quick Ratio | 0.49x | 0.56x | 0.37x | 0.57x | 0.41x | 0.26x |
| Cash Ratio | 0.00x | 0.00x | 0.02x | 0.00x | 0.01x | 0.01x |
| Total Current Assets | 146 | 175 | 191 | 375 | 227 | 132 |
| Total Current Liabilities | 295 | 308 | 519 | 660 | 547 | 500 |
| Inventory | 0 | 1 | 1 | N/A | N/A | N/A |
| Trade Receivables | 104 | 160 | 167 | 329 | 201 | 121 |
| Trade Payables | 264 | 231 | 219 | 305 | 164 | 108 |
| Net Working Capital | -149 | -133 | -329 | -285 | -320 | -368 |
| Net Working Capital % of Revenue | -7.4% | -6.2% | -16.6% | -8.3% | -10.8% | -15.1% |
| Trade Working Capital | -159 | -70 | -51 | 23 | 37 | 13 |
| Trade Working Capital % of Revenue | -7.9% | -3.3% | -2.6% | 0.7% | 1.2% | 0.5% |
| Change in Trade Working Capital | N/A | 90 | 18 | 75 | 14 | -24 |
| Turnover & efficiency | ||||||
| Inventory Turnover | 15673.64x | 1186.49x | 1957.43x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | 0.0 | 0.3 | 0.2 | N/A | N/A | N/A |
| Receivables Turnover | 19.44x | 13.36x | 11.87x | 10.49x | 14.70x | 20.13x |
| Days Sales Outstanding (DSO) | 18.8 | 27.3 | 30.8 | 34.8 | 24.8 | 18.1 |
| Payables Turnover | 6.36x | 7.64x | 8.11x | 10.02x | 16.32x | 20.42x |
| Days Payable Outstanding (DPO) | 57.4 | 47.8 | 45.0 | 36.4 | 22.4 | 17.9 |
| Cash Conversion Cycle | -38.6 days | -20.1 days | -14.1 days | -1.6 days | 2.5 days | 0.3 days |
| Asset Turnover | 1.68x | 1.80x | 1.62x | 2.32x | 2.46x | 2.06x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | 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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