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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 0 · FY2023 0
Operates in Industrial Goods — Production - Furniture. Per the activity note to the FY2023 annual report, the company manufactures and supplies furniture, performs restoration and installation, and constructs hospitality and residential facilities.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 10.7% | 10.1% | 14.2% | 4.4% | 8.4% | 20.6% | 27.6% |
| EBITDA Margin | 7.5% | -1.7% | 4.4% | -0.7% | -7.5% | 1.2% | 10.5% |
| EBITDAR | 921 | -99 | 1,047 | -110 | -453 | 110 | 1,235 |
| EBITDAR Margin | 7.5% | -1.7% | 4.4% | -0.7% | -7.5% | 1.2% | 10.5% |
| EBIT Margin | 4.7% | -8.3% | 4.1% | -1.1% | -9.1% | 0.4% | 10.0% |
| Net Profit Margin | -4.5% | -9.0% | 11.3% | -8.1% | 2.3% | 1.5% | 8.9% |
| Operating Expense % of Sales | 3.1% | 11.8% | 9.8% | 5.1% | 15.9% | 19.3% | 17.1% |
| Returns | |||||||
| Return on Assets (ROA) | -3.0% | -2.4% | 14.2% | -8.2% | 1.6% | 1.4% | 8.5% |
| Return on Equity (ROE) | -14.1% | -19.2% | 200.4% | N/A | N/A | 13.3% | 49.6% |
| ROIC [EBIT / Invested Capital] | 14.8% | -8.5% | 31.0% | N/A | -14.8% | 1.2% | 35.3% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 0.0% | 13.5% | 27.6% | 39.9% | 52.0% | 22.7% | 10.4% |
| Debt-to-Equity | 0.00x | 1.08x | 3.88x | -11.81x | -6.80x | 2.15x | 0.61x |
| Debt-to-EBITDA | 0.00x | N/A | 4.97x | N/A | N/A | 20.71x | 1.03x |
| Equity-to-Assets | 21.4% | 12.5% | 7.1% | -3.4% | -7.6% | 10.6% | 17.2% |
| Net Debt | -89 | 2,888 | 1,812 | 124 | 4,391 | 1,984 | 1,205 |
| Cash & Equivalents | 89 | 19 | 3,398 | 6,037 | 72 | 284 | 65 |
| Total Debt | N/A | 2,907 | 5,210 | 6,161 | 4,463 | 2,268 | 1,270 |
| Liquidity & working capital | |||||||
| Current Ratio | 0.09x | 0.79x | 0.74x | 0.63x | 0.33x | 0.59x | 0.70x |
| Quick Ratio | 0.09x | 0.05x | 0.29x | 0.50x | 0.12x | 0.26x | 0.24x |
| Cash Ratio | 0.01x | 0.00x | 0.19x | 0.38x | 0.01x | 0.04x | 0.01x |
| Total Current Assets | 1,357 | 14,301 | 13,005 | 9,997 | 3,038 | 4,553 | 7,089 |
| Total Current Liabilities | 14,442 | 18,002 | 17,533 | 15,979 | 9,234 | 7,768 | 10,088 |
| Inventory | N/A | 13,407 | 7,852 | 2,062 | 1,940 | 2,558 | 4,656 |
| Trade Receivables | 1,268 | 875 | 1,756 | 1,898 | 763 | 1,253 | 1,469 |
| Trade Payables | 14,442 | 2,792 | 5,058 | 6,443 | 1,534 | 1,243 | 1,263 |
| Net Working Capital | -13,084 | -3,701 | -4,528 | -5,982 | -6,197 | -3,215 | -2,999 |
| Net Working Capital % of Revenue | -107.0% | -64.5% | -19.0% | -38.1% | -102.5% | -35.5% | -25.6% |
| Trade Working Capital | -13,173 | 11,490 | 4,550 | -2,483 | 1,169 | 2,569 | 4,863 |
| Trade Working Capital % of Revenue | -107.8% | 200.4% | 19.1% | -15.8% | 19.3% | 28.3% | 41.5% |
| Change in Trade Working Capital | N/A | 24,663 | -6,940 | -7,032 | 3,651 | 1,400 | 2,294 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 0.38x | 2.60x | 7.28x | 2.86x | 2.82x | 1.82x |
| Days Inventory Outstanding (DIO) | N/A | 948.9 | 140.1 | 50.1 | 127.8 | 129.6 | 200.6 |
| Receivables Turnover | 9.64x | 6.55x | 13.58x | 8.27x | 7.93x | 7.23x | 7.97x |
| Days Sales Outstanding (DSO) | 37.9 | 55.7 | 26.9 | 44.1 | 46.0 | 50.5 | 45.8 |
| Payables Turnover | 0.76x | 1.85x | 4.04x | 2.33x | 3.61x | 5.79x | 6.71x |
| Days Payable Outstanding (DPO) | 482.6 | 197.6 | 90.3 | 156.7 | 101.1 | 63.0 | 54.4 |
| Cash Conversion Cycle | -444.7 days | 807.0 days | 76.7 days | -62.4 days | 72.8 days | 117.1 days | 192.0 days |
| Asset Turnover | 0.67x | 0.27x | 1.26x | 1.02x | 0.70x | 0.91x | 0.96x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | 2,364 | -2,875 | 2,039 | 3,043 | -3,591 | 788 | 995 |
| Free Cash Flow (OCF − Capex proxy) | 2,364 | -2,875 | 5,480 | 3,065 | -4,221 | 537 | 784 |
| Cash Conversion (OCF / EBITDA) | 256.6% | N/A | 194.6% | N/A | N/A | 719.1% | 80.6% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | 0.0% | N/A | 0.0% | 0.0% | 0.0% |
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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