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Operates in FMCG — Distribution. Per the activity note to the FY2024 annual report, the company manufactures and wholesales fish and meat canned products domestically and internationally.
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 21.4% | 16.7% | 25.4% | 23.9% | 24.8% | 21.6% |
| EBITDA Margin | 20.2% | 15.4% | 20.9% | 18.7% | 19.0% | 5.7% |
| EBITDAR | 344 | 826 | 724 | 878 | 1,119 | 88 |
| EBITDAR Margin | 20.2% | 15.4% | 20.9% | 18.7% | 19.2% | 6.3% |
| EBIT Margin | 17.3% | 14.5% | 18.4% | 17.0% | 16.3% | -0.3% |
| Net Profit Margin | 10.4% | 14.5% | 18.4% | 17.9% | 15.9% | -1.0% |
| Operating Expense % of Sales | 1.2% | 1.4% | 4.5% | 5.2% | 5.7% | 15.9% |
| Returns | ||||||
| Return on Assets (ROA) | 4.8% | 16.7% | 16.8% | 21.7% | 16.4% | -0.3% |
| Return on Equity (ROE) | 11.8% | 34.1% | 21.7% | 28.6% | 24.0% | -0.4% |
| ROIC [EBIT / Invested Capital] | 9.9% | 23.7% | 21.9% | 32.9% | 25.2% | -0.1% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 40.7% | 30.2% | 3.2% | 0.7% | 0.0% | 0.0% |
| Debt-to-Equity | 0.99x | 0.62x | 0.04x | 0.01x | 0.00x | 0.00x |
| Debt-to-EBITDA | 4.36x | 1.72x | 0.17x | 0.03x | 0.00x | 0.00x |
| Equity-to-Assets | 41.0% | 48.8% | 77.4% | 75.7% | 68.1% | 84.8% |
| Net Debt | 1,483 | 1,008 | -32 | -519 | -103 | -82 |
| Cash & Equivalents | 17 | 411 | 154 | 546 | 103 | 82 |
| Total Debt | 1,500 | 1,418 | 122 | 27 | N/A | N/A |
| Liquidity & working capital | ||||||
| Current Ratio | 1.02x | 1.36x | 2.62x | 2.38x | 2.15x | 3.13x |
| Quick Ratio | 0.86x | 0.93x | 1.46x | 2.38x | 2.15x | 3.13x |
| Cash Ratio | 0.01x | 0.18x | 0.18x | 0.52x | 0.06x | 0.13x |
| Total Current Assets | 2,016 | 3,072 | 2,234 | 2,474 | 3,891 | 2,012 |
| Total Current Liabilities | 1,970 | 2,266 | 854 | 1,042 | 1,808 | 642 |
| Inventory | 326 | 962 | 988 | N/A | N/A | N/A |
| Trade Receivables | 1,669 | 1,697 | 1,092 | 532 | 701 | 657 |
| Trade Payables | 670 | 907 | 724 | 787 | 1,440 | 636 |
| Net Working Capital | 46 | 805 | 1,380 | 1,433 | 2,083 | 1,370 |
| Net Working Capital % of Revenue | 2.7% | 15.0% | 39.9% | 30.6% | 35.7% | 97.7% |
| Trade Working Capital | 1,325 | 1,752 | 1,356 | -254 | -739 | 21 |
| Trade Working Capital % of Revenue | 77.7% | 32.6% | 39.2% | -5.4% | -12.7% | 1.5% |
| Change in Trade Working Capital | N/A | 427 | -396 | -1,610 | -485 | 760 |
| Turnover & efficiency | ||||||
| Inventory Turnover | 4.11x | 4.66x | 2.61x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | 88.8 | 78.4 | 139.7 | N/A | N/A | N/A |
| Receivables Turnover | 1.02x | 3.17x | 3.17x | 8.81x | 8.32x | 2.14x |
| Days Sales Outstanding (DSO) | 357.4 | 115.1 | 115.2 | 41.4 | 43.8 | 170.9 |
| Payables Turnover | 2.00x | 4.94x | 3.56x | 4.53x | 3.05x | 1.73x |
| Days Payable Outstanding (DPO) | 182.6 | 73.9 | 102.4 | 80.5 | 119.7 | 211.1 |
| Cash Conversion Cycle | 263.5 days | 119.6 days | 152.5 days | -39.1 days | -75.8 days | -40.2 days |
| Asset Turnover | 0.46x | 1.15x | 0.91x | 1.21x | 1.03x | 0.33x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | 48 | 438 | -168 | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | 48 | 438 | -168 | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | 13.9% | 53.0% | -23.3% | 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).
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