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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 17,000 — 3-yr total 17,000
Operates in FMCG — Distribution. Per the activity note to the FY2024 annual report, the company buys and resells domestic and imported food products.
Subsidiary of Assa Holding (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 35.2% | 20.4% | 17.7% | 16.4% | 19.6% | 20.8% | 20.7% |
| EBITDA Margin | 14.6% | 9.2% | 7.4% | 4.3% | 9.4% | 9.2% | 6.4% |
| EBITDAR | 401 | 1,035 | 1,084 | 2,607 | 8,679 | 8,238 | 6,599 |
| EBITDAR Margin | 14.6% | 9.2% | 7.4% | 4.3% | 9.4% | 9.2% | 6.4% |
| EBIT Margin | 14.4% | 9.0% | 7.2% | 4.3% | 9.4% | 9.2% | 6.4% |
| Net Profit Margin | 12.9% | 7.3% | 5.6% | 3.4% | 9.1% | 9.5% | 4.7% |
| Operating Expense % of Sales | 20.6% | 11.1% | 10.4% | 12.8% | 10.5% | 12.2% | 14.9% |
| Returns | |||||||
| Return on Assets (ROA) | 15.4% | 22.4% | 16.2% | 6.3% | 26.2% | 32.0% | 10.2% |
| Return on Equity (ROE) | 100.0% | 69.7% | 41.0% | 9.7% | 33.5% | 39.5% | 15.9% |
| ROIC [EBIT / Invested Capital] | 21.6% | 31.0% | 22.6% | 11.3% | 33.3% | 38.0% | 18.6% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 66.2% | 58.6% | 53.7% | 6.6% | 7.5% | 1.6% | 18.6% |
| Debt-to-Equity | 4.29x | 1.82x | 1.36x | 0.10x | 0.10x | 0.02x | 0.29x |
| Debt-to-EBITDA | 3.77x | 2.05x | 2.48x | 0.81x | 0.28x | 0.05x | 1.35x |
| Equity-to-Assets | 15.4% | 32.2% | 39.5% | 64.9% | 78.4% | 81.1% | 64.5% |
| Net Debt | 1,472 | 2,087 | 2,689 | 2,029 | 923 | 110 | 4,566 |
| Cash & Equivalents | 41 | 36 | 1 | 82 | 1,483 | 324 | 4,310 |
| Total Debt | 1,513 | 2,123 | 2,690 | 2,111 | 2,406 | 434 | 8,876 |
| Liquidity & working capital | |||||||
| Current Ratio | 1.13x | 1.44x | 1.63x | 2.85x | 4.62x | 4.55x | 2.79x |
| Quick Ratio | 1.04x | 1.42x | 1.58x | 2.31x | 3.74x | 3.52x | 2.29x |
| Cash Ratio | 0.02x | 0.01x | 0.00x | 0.01x | 0.21x | 0.06x | 0.25x |
| Total Current Assets | 2,176 | 3,537 | 4,937 | 32,128 | 32,027 | 22,779 | 47,410 |
| Total Current Liabilities | 1,933 | 2,459 | 3,034 | 11,284 | 6,935 | 5,009 | 16,963 |
| Inventory | 174 | 33 | 136 | 6,098 | 6,057 | 5,164 | 8,541 |
| Trade Receivables | 1,961 | 3,443 | 4,793 | 25,837 | 24,415 | 17,191 | 33,697 |
| Trade Payables | 329 | 332 | 294 | 8,857 | 4,013 | 4,213 | 7,570 |
| Net Working Capital | 243 | 1,078 | 1,903 | 20,844 | 25,092 | 17,770 | 30,447 |
| Net Working Capital % of Revenue | 8.8% | 9.6% | 13.0% | 34.7% | 27.2% | 19.8% | 29.4% |
| Trade Working Capital | 1,806 | 3,144 | 4,635 | 23,078 | 26,459 | 18,142 | 34,668 |
| Trade Working Capital % of Revenue | 65.8% | 28.0% | 31.7% | 38.5% | 28.6% | 20.3% | 33.5% |
| Change in Trade Working Capital | N/A | 1,338 | 1,491 | 18,443 | 3,381 | -8,317 | 16,526 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 10.23x | 270.48x | 88.45x | 8.23x | 12.26x | 13.73x | 9.60x |
| Days Inventory Outstanding (DIO) | 35.7 | 1.3 | 4.1 | 44.4 | 29.8 | 26.6 | 38.0 |
| Receivables Turnover | 1.40x | 3.26x | 3.05x | 2.32x | 3.78x | 5.21x | 3.07x |
| Days Sales Outstanding (DSO) | 260.6 | 112.1 | 119.7 | 157.2 | 96.5 | 70.1 | 118.9 |
| Payables Turnover | 5.41x | 26.89x | 40.91x | 5.66x | 18.51x | 16.83x | 10.83x |
| Days Payable Outstanding (DPO) | 67.5 | 13.6 | 8.9 | 64.4 | 19.7 | 21.7 | 33.7 |
| Cash Conversion Cycle | 228.9 days | 99.9 days | 114.9 days | 137.1 days | 106.5 days | 75.0 days | 123.3 days |
| Asset Turnover | 1.20x | 3.09x | 2.92x | 1.87x | 2.88x | 3.37x | 2.17x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | -1,423 | -602 | -586 | -10,224 | 5,142 | 16,770 | -8,668 |
| Free Cash Flow (OCF − Capex proxy) | 41 | -606 | -600 | -10,232 | 1,230 | 1,002 | -8,494 |
| Cash Conversion (OCF / EBITDA) | -354.6% | -58.2% | -54.1% | -392.2% | 59.2% | 203.6% | -131.4% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 17,000 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 347.5% |
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.