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Operates in FMCG — Distribution. Per the activity note to the FY2023 annual report, the company wholesales food products.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 8.8% | 3.0% | 8.4% | 9.5% | 8.8% | 100.0% |
| EBITDA Margin | 4.5% | -1.1% | 3.7% | 2.6% | 0.9% | 50.7% |
| EBITDAR | 471 | -23 | 1,055 | 1,268 | 838 | 65 |
| EBITDAR Margin | 5.2% | -0.2% | 5.5% | 4.6% | 3.3% | 63.0% |
| EBIT Margin | 4.4% | -1.2% | 3.6% | 2.3% | 0.6% | -82.3% |
| Net Profit Margin | 5.0% | -0.3% | 3.6% | 2.7% | 1.4% | 20.7% |
| Operating Expense % of Sales | 4.2% | 4.1% | 4.6% | 6.9% | 7.9% | 49.3% |
| Returns | ||||||
| Return on Assets (ROA) | 28.1% | -2.0% | 23.1% | 18.8% | 11.9% | 1.0% |
| Return on Equity (ROE) | 81.5% | -4.5% | 48.3% | 42.1% | 19.9% | 1.1% |
| ROIC [EBIT / Invested Capital] | 83.4% | -31.9% | 47.1% | 30.5% | 5.2% | -4.2% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 7.8% | 2.3% | 6.7% | 12.6% | 35.1% | 7.7% |
| Debt-to-Equity | 0.23x | 0.05x | 0.14x | 0.28x | 0.59x | 0.09x |
| Debt-to-EBITDA | 0.31x | N/A | 0.28x | 0.69x | 4.97x | 3.24x |
| Equity-to-Assets | 34.5% | 43.6% | 47.8% | 44.7% | 59.5% | 85.2% |
| Net Debt | -73 | -364 | 33 | 272 | 1,085 | 164 |
| Cash & Equivalents | 199 | 412 | 166 | 228 | 5 | 6 |
| Total Debt | 126 | 48 | 199 | 500 | 1,090 | 169 |
| Liquidity & working capital | ||||||
| Current Ratio | 82.75x | 1.61x | 1.75x | 1.61x | 15.55x | 12.62x |
| Quick Ratio | 82.75x | 0.84x | 1.06x | 0.85x | 15.55x | 12.62x |
| Cash Ratio | 10.37x | 0.36x | 0.11x | 0.10x | 0.03x | 0.04x |
| Total Current Assets | 1,585 | 1,869 | 2,729 | 3,535 | 2,615 | 1,842 |
| Total Current Liabilities | 19 | 1,159 | 1,563 | 2,201 | 168 | 146 |
| Inventory | N/A | 889 | 1,072 | 1,656 | N/A | N/A |
| Trade Receivables | 124 | 258 | 321 | 585 | 1,241 | 744 |
| Trade Payables | 854 | 1,087 | 1,320 | 1,483 | 94 | 144 |
| Net Working Capital | 1,566 | 709 | 1,166 | 1,334 | 2,446 | 1,696 |
| Net Working Capital % of Revenue | 17.3% | 5.2% | 6.1% | 4.8% | 9.6% | 1643.9% |
| Trade Working Capital | -730 | 60 | 72 | 758 | 1,147 | 599 |
| Trade Working Capital % of Revenue | -8.1% | 0.4% | 0.4% | 2.7% | 4.5% | 581.0% |
| Change in Trade Working Capital | N/A | 790 | 12 | 685 | 389 | -547 |
| Turnover & efficiency | ||||||
| Inventory Turnover | N/A | 14.99x | 16.27x | 15.07x | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 24.4 | 22.4 | 24.2 | N/A | N/A |
| Receivables Turnover | 73.21x | 53.21x | 59.39x | 47.17x | 20.47x | 0.14x |
| Days Sales Outstanding (DSO) | 5.0 | 6.9 | 6.1 | 7.7 | 17.8 | 2631.8 |
| Payables Turnover | 9.66x | 12.26x | 13.21x | 16.82x | 246.74x | N/A |
| Days Payable Outstanding (DPO) | 37.8 | 29.8 | 27.6 | 21.7 | 1.5 | N/A |
| Cash Conversion Cycle | -32.8 days | 1.4 days | 0.9 days | 10.3 days | 16.4 days | 2631.8 days |
| Asset Turnover | 5.64x | 6.69x | 6.36x | 6.93x | 8.18x | 0.05x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | 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 |
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.