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Operates in Construction — Specialty Trades & Maintenance. Per the activity note to the FY2021 annual report, the company performs construction and repair work (90% of revenue). Headquarters in Tbilishe, Samgori district, V. Kupradze Street, No. 72, Complex 6, Unit 50; office in Kutaisi, Avtomshenebreli Street, No. 88.
| Ratio | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| Margins | ||||
| Gross Margin | 42.8% | -44.2% | -27.0% | -4.0% |
| EBITDA Margin | 33.9% | -66.1% | -41.5% | -13.9% |
| EBITDAR | 1,653 | -796 | -334 | -99 |
| EBITDAR Margin | 35.9% | -62.4% | -41.5% | -13.9% |
| EBIT Margin | 33.4% | -67.8% | -44.2% | -16.8% |
| Net Profit Margin | 31.5% | -65.1% | -32.7% | -5.4% |
| Operating Expense % of Sales | 8.8% | 21.9% | 14.4% | 9.9% |
| Returns | ||||
| Return on Assets (ROA) | 32.1% | -22.2% | -8.2% | -1.3% |
| Return on Equity (ROE) | 40.6% | -30.3% | -10.9% | -1.6% |
| ROIC [EBIT / Invested Capital] | 81.1% | -37.7% | -14.6% | -5.5% |
| Leverage & debt balances | ||||
| Debt-to-Assets | 1.1% | 1.3% | 1.6% | 1.7% |
| Debt-to-Equity | 0.01x | 0.02x | 0.02x | 0.02x |
| Debt-to-EBITDA | 0.03x | N/A | N/A | N/A |
| Equity-to-Assets | 78.9% | 73.5% | 75.8% | 79.7% |
| Net Debt | -1,677 | -447 | 15 | -204 |
| Cash & Equivalents | 1,727 | 497 | 35 | 254 |
| Total Debt | 50 | 50 | 50 | 50 |
| Liquidity & working capital | ||||
| Current Ratio | 5.95x | 4.73x | 3.79x | 4.61x |
| Quick Ratio | 5.95x | 4.54x | 3.69x | 4.41x |
| Cash Ratio | 2.67x | 0.75x | 0.05x | 0.42x |
| Total Current Assets | 3,844 | 3,135 | 2,944 | 2,819 |
| Total Current Liabilities | 647 | 663 | 777 | 611 |
| Inventory | N/A | 128 | 79 | 122 |
| Trade Receivables | 815 | 395 | 309 | 407 |
| Trade Payables | 718 | 727 | 700 | 560 |
| Net Working Capital | 3,198 | 2,472 | 2,167 | 2,208 |
| Net Working Capital % of Revenue | 69.4% | 193.7% | 268.8% | 309.5% |
| Trade Working Capital | 97 | -203 | -312 | -31 |
| Trade Working Capital % of Revenue | 2.1% | -15.9% | -38.6% | -4.4% |
| Change in Trade Working Capital | N/A | -300 | -108 | 280 |
| Turnover & efficiency | ||||
| Inventory Turnover | N/A | 14.41x | 12.93x | 6.10x |
| Days Inventory Outstanding (DIO) | N/A | 25.3 | 28.2 | 59.8 |
| Receivables Turnover | 5.65x | 3.23x | 2.61x | 1.75x |
| Days Sales Outstanding (DSO) | 64.6 | 113.1 | 140.0 | 208.1 |
| Payables Turnover | 3.67x | 2.53x | 1.46x | 1.33x |
| Days Payable Outstanding (DPO) | 99.4 | 144.1 | 249.5 | 275.4 |
| Cash Conversion Cycle | -34.9 days | -5.7 days | -81.3 days | -7.5 days |
| Asset Turnover | 1.02x | 0.34x | 0.25x | 0.24x |
| Cash flow & dividends | ||||
| Operating Cash Flow | 94 | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | 94 | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | 6.0% | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | 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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