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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 0 · FY2023 0
Georgian foodservice/HoReCa supply company.
Subsidiary of Foodmart (100.0%)
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | 20.0% | 15.7% | 6.5% | -13.3% | -15.8% |
| EBITDA Margin | 5.9% | 2.9% | -29.8% | -24.9% | -38.8% |
| EBITDAR | 389 | 1,414 | -1,669 | -2,190 | -4,281 |
| EBITDAR Margin | 5.9% | 2.9% | -29.8% | -24.9% | -38.8% |
| EBIT Margin | 3.3% | -0.3% | -61.2% | -47.9% | -58.9% |
| Net Profit Margin | 1.7% | -1.1% | -62.2% | -50.4% | -62.5% |
| Operating Expense % of Sales | 14.1% | 16.8% | 46.9% | 17.6% | 27.7% |
| Returns | |||||
| Return on Assets (ROA) | 0.3% | -1.2% | -12.4% | -13.7% | -21.7% |
| Return on Equity (ROE) | 0.8% | -1.3% | -13.0% | -14.4% | -24.1% |
| ROIC [EBIT / Invested Capital] | 1.9% | -0.4% | -12.8% | -13.6% | -21.9% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 0.0% | 1.2% | 0.3% | 0.2% | 3.3% |
| Debt-to-Equity | 0.00x | 0.01x | 0.00x | 0.00x | 0.04x |
| Debt-to-EBITDA | 0.00x | 0.39x | N/A | N/A | N/A |
| Equity-to-Assets | 34.4% | 87.9% | 95.5% | 95.2% | 90.2% |
| Net Debt | -2,009 | 146 | 67 | 66 | 999 |
| Cash & Equivalents | 2,009 | 401 | 11 | 13 | 55 |
| Total Debt | N/A | 547 | 78 | 79 | 1,054 |
| Liquidity & working capital | |||||
| Current Ratio | 0.44x | 3.21x | 1.46x | 0.61x | 0.87x |
| Quick Ratio | 0.34x | 2.24x | 1.39x | 0.56x | 0.82x |
| Cash Ratio | 0.08x | 0.07x | 0.01x | 0.01x | 0.03x |
| Total Current Assets | 11,489 | 17,376 | 1,831 | 904 | 1,432 |
| Total Current Liabilities | 25,930 | 5,407 | 1,251 | 1,478 | 1,649 |
| Inventory | 2,789 | 5,281 | 86 | 78 | 82 |
| Trade Receivables | 6,691 | 11,523 | 1,734 | 813 | 1,295 |
| Trade Payables | 1,220 | 4,199 | 1,051 | 1,002 | 1,060 |
| Net Working Capital | -14,441 | 11,969 | 580 | -574 | -217 |
| Net Working Capital % of Revenue | -218.6% | 24.9% | 10.4% | -6.5% | -2.0% |
| Trade Working Capital | 8,260 | 12,605 | 769 | -111 | 317 |
| Trade Working Capital % of Revenue | 125.0% | 26.3% | 13.7% | -1.3% | 2.9% |
| Change in Trade Working Capital | N/A | 4,345 | -11,836 | -880 | 428 |
| Turnover & efficiency | |||||
| Inventory Turnover | 1.90x | 7.66x | 60.83x | 128.00x | 156.04x |
| Days Inventory Outstanding (DIO) | 192.5 | 47.7 | 6.0 | 2.9 | 2.3 |
| Receivables Turnover | 0.99x | 4.16x | 3.23x | 10.84x | 8.53x |
| Days Sales Outstanding (DSO) | 369.6 | 87.7 | 113.1 | 33.7 | 42.8 |
| Payables Turnover | 4.33x | 9.63x | 4.98x | 9.96x | 12.07x |
| Days Payable Outstanding (DPO) | 84.2 | 37.9 | 73.3 | 36.6 | 30.2 |
| Cash Conversion Cycle | 478.0 days | 97.4 days | 45.8 days | -0.1 days | 14.9 days |
| Asset Turnover | 0.17x | 1.06x | 0.20x | 0.27x | 0.35x |
| Cash flow & dividends | |||||
| Operating Cash Flow | 3,598 | -3,304 | 4,164 | -1,008 | -3,449 |
| Free Cash Flow (OCF − Capex proxy) | 2,009 | -28,870 | 2,620 | -3,427 | -5,350 |
| Cash Conversion (OCF / EBITDA) | 924.9% | -233.7% | N/A | N/A | N/A |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | 0.0% | 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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