Miunheni (შპს მიუნჰენი)

Ratio	2017	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	99.7%	52.2%	55.0%	57.1%	57.3%	59.5%	59.7%	59.6%
EBITDA Margin	154.4%	0.6%	2.2%	-3.2%	10.9%	13.6%	1.7%	-0.8%
EBITDAR	2,950	12	44	-44	181	343	36	-14
EBITDAR Margin	154.4%	0.6%	2.2%	-3.2%	10.9%	13.6%	1.7%	-0.8%
EBIT Margin	162.7%	-6.8%	-5.0%	-14.1%	2.4%	8.2%	-4.4%	-8.1%
Net Profit Margin	155.1%	0.6%	2.2%	-3.2%	3.4%	9.0%	-3.8%	-7.3%
Operating Expense % of Sales	54.7%	51.6%	52.8%	60.3%	46.4%	45.9%	57.9%	60.4%
Returns
Return on Assets (ROA)	172.0%	0.7%	2.6%	-2.8%	3.9%	15.9%	-5.9%	-11.7%
Return on Equity (ROE)	178.5%	0.7%	2.7%	-2.8%	4.1%	16.0%	-6.4%	-12.9%
ROIC [EBIT / Invested Capital]	195.2%	-8.6%	-6.3%	-13.0%	3.0%	15.3%	-7.6%	-14.8%
Leverage & debt balances
Debt-to-Assets	0.0%	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	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	N/A	0.00x	0.00x	0.00x	N/A
Equity-to-Assets	96.3%	97.5%	96.9%	98.8%	95.1%	99.4%	92.2%	90.8%
Net Debt	-67	-94	-10	-69	-46	-72	-22	-33
Cash & Equivalents	67	94	10	69	46	72	22	33
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Liquidity & working capital
Current Ratio	1.20x	36.42x	2.40x	7.64x	3.69x	52.88x	2.28x	2.12x
Quick Ratio	1.20x	36.42x	0.52x	4.40x	1.41x	52.88x	2.28x	2.12x
Cash Ratio	1.06x	15.38x	0.19x	3.52x	1.04x	18.55x	0.34x	0.53x
Total Current Assets	76	223	124	149	163	205	151	132
Total Current Liabilities	63	6	52	19	44	4	66	63
Inventory	N/A	N/A	97	63	101	N/A	N/A	N/A
Trade Receivables	8	21	6	17	16	15	11	21
Trade Payables	63	6	52	19	44	4	66	63
Net Working Capital	12	217	72	130	119	201	85	70
Net Working Capital % of Revenue	0.6%	11.0%	3.6%	9.4%	7.2%	7.9%	4.1%	3.7%
Trade Working Capital	-55	15	51	61	73	11	-55	-42
Trade Working Capital % of Revenue	-2.9%	0.8%	2.6%	4.4%	4.4%	0.4%	-2.6%	-2.2%
Change in Trade Working Capital	N/A	70	36	10	12	-62	-66	13
Turnover & efficiency
Inventory Turnover	N/A	N/A	9.20x	9.34x	7.06x	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	39.7	39.1	51.7	N/A	N/A	N/A
Receivables Turnover	226.39x	92.52x	355.72x	80.31x	101.85x	172.36x	182.67x	90.31x
Days Sales Outstanding (DSO)	1.6	3.9	1.0	4.5	3.6	2.1	2.0	4.0
Payables Turnover	0.11x	153.95x	17.32x	30.33x	16.09x	264.33x	12.63x	12.21x
Days Payable Outstanding (DPO)	3456.7	2.4	21.1	12.0	22.7	1.4	28.9	29.9
Cash Conversion Cycle	-3455.0 days	1.6 days	19.6 days	31.6 days	32.6 days	0.7 days	-26.9 days	-25.8 days
Asset Turnover	1.11x	1.16x	1.20x	0.87x	1.13x	1.77x	1.57x	1.61x
Cash flow & dividends
Operating Cash Flow	50	27	-85	59	-22	26	-50	11
Free Cash Flow (OCF − Capex proxy)	50	27	-85	59	-22	26	-50	11
Cash Conversion (OCF / EBITDA)	1.7%	226.3%	-194.2%	N/A	-12.4%	7.5%	-138.8%	N/A
Dividends Declared	N/A	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	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.

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