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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 35,849 · FY2023 57,478 · FY2024 142,366 — 3-yr total 235,694
K and Georgian Spirits LLC is a Georgian alcoholic-beverages import-export company founded in 2017 in the Kutaisi / Imereti region. Trades distilled spirits and related alcohol products across the domestic wholesale channel.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 35.4% | 37.7% | 37.2% | 30.1% | 49.4% | 53.3% | 53.8% |
| EBITDA Margin | 18.8% | 21.4% | 17.4% | 29.5% | 52.0% | 43.3% | 49.2% |
| EBITDAR | 4,959 | 12,458 | 10,581 | 20,302 | 49,100 | 72,709 | 181,097 |
| EBITDAR Margin | 18.8% | 21.4% | 17.4% | 29.5% | 52.0% | 43.3% | 49.2% |
| EBIT Margin | 18.8% | 21.4% | 17.4% | 29.4% | 51.9% | 43.3% | 49.2% |
| Net Profit Margin | 2.9% | 10.3% | 9.7% | 25.0% | 50.7% | 41.7% | 49.5% |
| Operating Expense % of Sales | 16.6% | 16.3% | 19.8% | 0.5% | 2.7% | 10.0% | 4.6% |
| Returns | |||||||
| Return on Assets (ROA) | 1.4% | 9.2% | 8.7% | 20.3% | 56.4% | 53.5% | 89.1% |
| Return on Equity (ROE) | 5.4% | 23.0% | 23.7% | 161.8% | 211.4% | 121.5% | 187.2% |
| ROIC [EBIT / Invested Capital] | 12.0% | 21.1% | 21.2% | 38.2% | 93.8% | 95.2% | 192.2% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 52.0% | 52.7% | 38.6% | 51.0% | 36.2% | 19.7% | 9.7% |
| Debt-to-Equity | 2.07x | 1.32x | 1.05x | 4.06x | 1.36x | 0.45x | 0.20x |
| Debt-to-EBITDA | 5.80x | 2.76x | 2.48x | 2.13x | 0.63x | 0.35x | 0.11x |
| Equity-to-Assets | 25.1% | 40.0% | 36.9% | 12.6% | 26.7% | 44.0% | 47.6% |
| Net Debt | 27,540 | 32,928 | 24,943 | 42,298 | 29,579 | 18,705 | -3,121 |
| Cash & Equivalents | 1,209 | 1,504 | 1,250 | 881 | 1,164 | 7,105 | 23,052 |
| Total Debt | 28,750 | 34,431 | 26,193 | 43,179 | 30,742 | 25,811 | 19,931 |
| Liquidity & working capital | |||||||
| Current Ratio | 0.71x | 1.20x | 1.33x | 1.65x | 1.31x | 2.05x | 2.09x |
| Quick Ratio | 0.26x | 0.83x | 0.62x | 1.07x | 0.78x | 1.64x | 1.70x |
| Cash Ratio | 0.03x | 0.04x | 0.04x | 0.02x | 0.02x | 0.13x | 0.26x |
| Total Current Assets | 29,222 | 40,179 | 43,658 | 60,586 | 61,987 | 108,905 | 182,726 |
| Total Current Liabilities | 41,385 | 33,544 | 32,932 | 36,824 | 47,259 | 53,012 | 87,457 |
| Inventory | 18,440 | 12,275 | 23,251 | 21,281 | 25,339 | 21,907 | 33,983 |
| Trade Receivables | 8,895 | 18,228 | 18,461 | 21,082 | 16,711 | 61,412 | 122,741 |
| Trade Payables | 12,503 | 4,664 | 16,537 | 12,969 | 26,569 | 26,015 | 83,136 |
| Net Working Capital | -12,163 | 6,635 | 10,727 | 23,762 | 14,728 | 55,893 | 95,269 |
| Net Working Capital % of Revenue | -46.2% | 11.4% | 17.6% | 34.6% | 15.6% | 33.3% | 25.9% |
| Trade Working Capital | 14,833 | 25,839 | 25,174 | 29,394 | 15,480 | 57,304 | 73,588 |
| Trade Working Capital % of Revenue | 56.4% | 44.4% | 41.3% | 42.8% | 16.4% | 34.2% | 20.0% |
| Change in Trade Working Capital | N/A | 11,006 | -664 | 4,219 | -13,913 | 41,824 | 16,284 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 0.92x | 2.95x | 1.65x | 2.26x | 1.89x | 3.58x | 5.00x |
| Days Inventory Outstanding (DIO) | 396.1 | 123.6 | 221.5 | 161.6 | 193.4 | 102.1 | 73.0 |
| Receivables Turnover | 2.96x | 3.19x | 3.30x | 3.26x | 5.65x | 2.73x | 3.00x |
| Days Sales Outstanding (DSO) | 123.4 | 114.3 | 110.5 | 112.0 | 64.6 | 133.6 | 121.8 |
| Payables Turnover | 1.36x | 7.77x | 2.32x | 3.71x | 1.80x | 3.01x | 2.04x |
| Days Payable Outstanding (DPO) | 268.5 | 47.0 | 157.6 | 98.5 | 202.8 | 121.2 | 178.6 |
| Cash Conversion Cycle | 251.0 days | 190.9 days | 174.5 days | 175.1 days | 55.2 days | 114.5 days | 16.2 days |
| Asset Turnover | 0.48x | 0.89x | 0.90x | 0.81x | 1.11x | 1.28x | 1.80x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | -8,182 | -8,428 | 21,218 | 11,902 | 26,462 | 29,454 | 60,446 |
| Free Cash Flow (OCF − Capex proxy) | -17,501 | 1,504 | 21,102 | 11,690 | 26,430 | 29,411 | 58,827 |
| Cash Conversion (OCF / EBITDA) | -165.0% | -67.7% | 200.5% | 58.6% | 53.9% | 40.5% | 33.4% |
| Dividends Declared | 3,443 | 3,854 | 3,825 | 20,920 | 35,849 | 57,478 | 142,366 |
| Dividend Payout Ratio | 457.0% | 64.1% | 64.6% | 121.7% | 74.9% | 82.2% | 78.2% |
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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