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Operates in Hospitality — Accommodation. Per the activity note to the FY2024 annual report, the company operates hotels and accommodation facilities with restaurants. Subsidiary of Masa Invest; registered in 2014.
Subsidiary of Masa Invest (100.0%)
| Ratio | 2023 | 2024 |
|---|---|---|
| Margins | ||
| Gross Margin | 57.9% | 80.7% |
| EBITDA Margin | 25.7% | 22.9% |
| EBITDAR | 593 | 803 |
| EBITDAR Margin | 25.7% | 22.9% |
| EBIT Margin | 17.9% | 17.4% |
| Net Profit Margin | 13.6% | 1.8% |
| Operating Expense % of Sales | 32.2% | 57.8% |
| Returns | ||
| Return on Assets (ROA) | 6.7% | 0.8% |
| Return on Equity (ROE) | N/A | N/A |
| ROIC [EBIT / Invested Capital] | 395.6% | 17.7% |
| Leverage & debt balances | ||
| Debt-to-Assets | 40.6% | 70.9% |
| Debt-to-Equity | -1.16x | -2.54x |
| Debt-to-EBITDA | 3.22x | 7.13x |
| Equity-to-Assets | -35.0% | -27.9% |
| Net Debt | 1,751 | 5,693 |
| Cash & Equivalents | 155 | 32 |
| Total Debt | 1,906 | 5,725 |
| Liquidity & working capital | ||
| Current Ratio | 0.27x | 1.01x |
| Quick Ratio | 0.27x | 1.01x |
| Cash Ratio | 0.04x | 0.01x |
| Total Current Assets | 1,196 | 4,692 |
| Total Current Liabilities | 4,409 | 4,627 |
| Inventory | N/A | N/A |
| Trade Receivables | 568 | 52 |
| Trade Payables | 66 | 237 |
| Net Working Capital | -3,213 | 66 |
| Net Working Capital % of Revenue | -139.3% | 1.9% |
| Trade Working Capital | 502 | -185 |
| Trade Working Capital % of Revenue | 21.8% | -5.3% |
| Change in Trade Working Capital | N/A | -687 |
| Turnover & efficiency | ||
| Inventory Turnover | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A |
| Receivables Turnover | 4.06x | 67.12x |
| Days Sales Outstanding (DSO) | 89.9 | 5.4 |
| Payables Turnover | 14.72x | 2.85x |
| Days Payable Outstanding (DPO) | 24.8 | 128.1 |
| Cash Conversion Cycle | 65.1 days | -122.7 days |
| Asset Turnover | 0.49x | 0.43x |
| Cash flow & dividends | ||
| Operating Cash Flow | 97 | -124 |
| Free Cash Flow (OCF − Capex proxy) | 97 | -124 |
| Cash Conversion (OCF / EBITDA) | 16.3% | -15.5% |
| 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).
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