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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2020 0 · FY2021 0 · FY2022 0
Operates in Mining & Metals — Mining. Per the activity note to the FY2024 annual report, the company develops and operates clay and sand quarries.
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | 27.0% | 33.3% | 28.5% | 19.2% | 19.2% |
| EBITDA Margin | 14.5% | 14.0% | 0.4% | -48.6% | -20.8% |
| EBITDAR | 862 | 982 | 42 | -425 | -109 |
| EBITDAR Margin | 14.9% | 14.1% | 1.1% | -48.6% | -20.8% |
| EBIT Margin | 14.2% | 13.3% | -1.1% | -48.6% | -20.8% |
| Net Profit Margin | 14.2% | 12.7% | -2.9% | -61.9% | -33.7% |
| Operating Expense % of Sales | 12.5% | 19.4% | 28.1% | 67.8% | 40.1% |
| Returns | |||||
| Return on Assets (ROA) | 53.5% | 36.5% | -4.9% | -36.2% | -12.0% |
| Return on Equity (ROE) | 91.2% | 49.4% | -9.8% | -72.7% | -23.9% |
| ROIC [EBIT / Invested Capital] | 88.3% | 45.5% | -2.4% | -33.4% | -9.1% |
| Leverage & debt balances | |||||
| Debt-to-Assets | 3.4% | 18.0% | 27.2% | 36.6% | 32.3% |
| Debt-to-Equity | 0.06x | 0.24x | 0.54x | 0.74x | 0.64x |
| Debt-to-EBITDA | 0.06x | 0.45x | 37.45x | N/A | N/A |
| Equity-to-Assets | 58.7% | 73.9% | 49.8% | 49.7% | 50.1% |
| Net Debt | 29 | 251 | 617 | 530 | 466 |
| Cash & Equivalents | 24 | 183 | 15 | 19 | 12 |
| Total Debt | 52 | 434 | 632 | 548 | 478 |
| Liquidity & working capital | |||||
| Current Ratio | 1.66x | 6.32x | 1.33x | 1.03x | 1.08x |
| Quick Ratio | 0.22x | 2.53x | 1.33x | 1.03x | 1.08x |
| Cash Ratio | 0.04x | 0.78x | 0.01x | 0.03x | 0.02x |
| Total Current Assets | 1,053 | 1,491 | 1,548 | 779 | 802 |
| Total Current Liabilities | 636 | 236 | 1,167 | 754 | 739 |
| Inventory | 914 | 894 | N/A | N/A | N/A |
| Trade Receivables | 72 | 411 | 1,146 | 313 | 248 |
| Trade Payables | 582 | 193 | 510 | 172 | 223 |
| Net Working Capital | 417 | 1,255 | 381 | 25 | 62 |
| Net Working Capital % of Revenue | 7.2% | 18.0% | 9.6% | 2.9% | 11.9% |
| Trade Working Capital | 404 | 1,113 | 636 | 141 | 26 |
| Trade Working Capital % of Revenue | 7.0% | 16.0% | 16.0% | 16.1% | 4.9% |
| Change in Trade Working Capital | N/A | 709 | -476 | -495 | -116 |
| Turnover & efficiency | |||||
| Inventory Turnover | 4.63x | 5.20x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | 78.8 | 70.2 | N/A | N/A | N/A |
| Receivables Turnover | 80.53x | 16.95x | 3.47x | 2.80x | 2.11x |
| Days Sales Outstanding (DSO) | 4.5 | 21.5 | 105.2 | 130.5 | 172.6 |
| Payables Turnover | 7.28x | 24.12x | 5.57x | 4.12x | 1.90x |
| Days Payable Outstanding (DPO) | 50.2 | 15.1 | 65.5 | 88.6 | 191.7 |
| Cash Conversion Cycle | 33.1 days | 76.6 days | 39.7 days | 41.9 days | -19.1 days |
| Asset Turnover | 3.77x | 2.89x | 1.71x | 0.58x | 0.35x |
| Cash flow & dividends | |||||
| Operating Cash Flow | 459 | 262 | -366 | 38 | -71 |
| Free Cash Flow (OCF − Capex proxy) | -42 | -222 | -168 | 82 | 36 |
| Cash Conversion (OCF / EBITDA) | 54.7% | 26.9% | -2168.2% | N/A | N/A |
| Dividends Declared | 0 | 0 | 0 | N/A | N/A |
| Dividend Payout Ratio | 0.0% | 0.0% | 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.