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Operates in Hospitality — Accommodation. Per the activity note to the FY2024 annual report, the company operates hotels and similar accommodation with restaurants.
Subsidiary of Vejini (75.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 41.8% | 32.2% | 36.0% | 81.3% | 62.1% | 77.0% | 76.2% |
| EBITDA Margin | 17.4% | 11.6% | 2.3% | 15.6% | 5.3% | 7.4% | 6.5% |
| EBITDAR | 343 | 260 | 30 | 50 | 28 | 46 | 35 |
| EBITDAR Margin | 17.4% | 11.6% | 2.3% | 15.6% | 5.3% | 7.4% | 6.5% |
| EBIT Margin | 9.8% | 5.0% | 2.3% | 15.6% | 5.3% | 7.4% | 6.5% |
| Net Profit Margin | 9.8% | 5.0% | 2.3% | 15.6% | 5.3% | 7.4% | 6.5% |
| Operating Expense % of Sales | 24.4% | 20.6% | 33.7% | 65.7% | 56.7% | 69.6% | 69.7% |
| Returns | |||||||
| Return on Assets (ROA) | 7.5% | 4.5% | 1.2% | 2.1% | 1.1% | 1.9% | 1.4% |
| Return on Equity (ROE) | 8.9% | 5.7% | 1.4% | 2.2% | 1.3% | 2.4% | 2.0% |
| ROIC [EBIT / Invested Capital] | 9.0% | 5.9% | 1.4% | 2.2% | 1.3% | 2.4% | 2.0% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity-to-Assets | 84.8% | 79.1% | 90.0% | 97.2% | 83.5% | 78.8% | 72.1% |
| Net Debt | -32 | -54 | -13 | -5 | -5 | -3 | -1 |
| Cash & Equivalents | 32 | 54 | 13 | 5 | 5 | 3 | 1 |
| Total Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Liquidity & working capital | |||||||
| Current Ratio | 0.02x | 0.01x | 0.03x | 0.01x | 0.00x | 0.00x | 0.00x |
| Quick Ratio | 0.02x | -0.14x | -0.02x | -0.01x | 0.00x | 0.00x | 0.00x |
| Cash Ratio | 0.08x | 0.10x | 0.05x | 0.08x | 0.01x | 0.01x | 0.00x |
| Total Current Assets | 7 | 6 | 8 | 0 | 1 | 0 | 0 |
| Total Current Liabilities | 388 | 521 | 247 | 67 | 409 | 520 | 678 |
| Inventory | N/A | 79 | 14 | 1 | N/A | N/A | N/A |
| Trade Receivables | 21 | 5 | 95 | 12 | 52 | 55 | 51 |
| Trade Payables | 388 | 521 | 244 | 67 | 409 | 520 | 678 |
| Net Working Capital | -381 | -515 | -239 | -67 | -408 | -520 | -678 |
| Net Working Capital % of Revenue | -19.4% | -22.9% | -18.1% | -20.8% | -78.8% | -83.0% | -126.0% |
| Trade Working Capital | -367 | -437 | -135 | -54 | -357 | -465 | -626 |
| Trade Working Capital % of Revenue | -18.7% | -19.4% | -10.2% | -16.9% | -69.0% | -74.2% | -116.4% |
| Change in Trade Working Capital | N/A | -70 | 302 | 80 | -303 | -107 | -162 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 19.42x | 62.20x | 54.63x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 18.8 | 5.9 | 6.7 | N/A | N/A | N/A |
| Receivables Turnover | 93.98x | 420.00x | 13.83x | 26.86x | 9.99x | 11.37x | 10.46x |
| Days Sales Outstanding (DSO) | 3.9 | 0.9 | 26.4 | 13.6 | 36.5 | 32.1 | 34.9 |
| Payables Turnover | 2.95x | 2.93x | 3.46x | 0.89x | 0.48x | 0.28x | 0.19x |
| Days Payable Outstanding (DPO) | 123.7 | 124.5 | 105.3 | 408.5 | 761.1 | 1318.9 | 1931.5 |
| Cash Conversion Cycle | -119.9 days | -104.9 days | -73.1 days | -388.3 days | -724.5 days | -1286.8 days | -1896.6 days |
| Asset Turnover | 0.77x | 0.90x | 0.53x | 0.14x | 0.21x | 0.25x | 0.22x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | -13 | 22 | -42 | -7 | 0 | -3 | -2 |
| Free Cash Flow (OCF − Capex proxy) | -13 | 22 | -42 | -7 | 0 | -3 | -2 |
| Cash Conversion (OCF / EBITDA) | -3.9% | 8.5% | -138.1% | -14.8% | 0.5% | -5.7% | -6.1% |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | N/A | N/A | 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).
Ranked by how close each latest revenue is to this one — not a curated comp set.