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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Hospitality — Accommodation. Per the activity note to the FY2024 annual report, the company rents non-residential property, provides hotel accommodation and engages in other lawful activities. Based in Batumi.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 15.0% | 15.7% | 17.4% | 16.8% | 15.9% | 30.7% | 100.0% | 100.0% |
| EBITDA Margin | 1.5% | -1.7% | 6.0% | -3.0% | -0.3% | 15.7% | 78.1% | 58.7% |
| EBITDAR | 123 | -62 | 366 | -92 | 22 | 724 | 859 | 623 |
| EBITDAR Margin | 2.1% | -1.1% | 6.7% | -2.2% | 0.5% | 16.7% | 84.8% | 63.0% |
| EBIT Margin | -2.7% | -7.0% | -0.6% | -10.4% | -6.2% | 10.1% | 56.9% | 38.1% |
| Net Profit Margin | 1.5% | -1.7% | -2.9% | -3.0% | -0.3% | 11.9% | 58.3% | 51.5% |
| Operating Expense % of Sales | 13.5% | 17.5% | 11.3% | 19.9% | 16.3% | 15.0% | 21.9% | 41.3% |
| Returns | ||||||||
| Return on Assets (ROA) | 1.9% | -1.8% | -3.1% | -2.7% | -0.3% | 12.6% | 15.4% | 13.4% |
| Return on Equity (ROE) | 2.8% | -2.8% | -4.4% | -3.4% | -0.4% | 19.3% | 22.7% | 17.0% |
| ROIC [EBIT / Invested Capital] | -3.6% | -7.8% | -0.7% | -9.4% | -6.2% | 11.9% | 16.7% | 10.6% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 30.1% | 29.3% | 25.8% | 19.0% | 16.7% | 25.6% | 22.8% | 18.6% |
| Debt-to-Equity | 0.45x | 0.45x | 0.36x | 0.24x | 0.20x | 0.39x | 0.33x | 0.24x |
| Debt-to-EBITDA | 15.83x | N/A | 3.95x | N/A | N/A | 1.55x | 1.10x | 1.22x |
| Equity-to-Assets | 67.3% | 65.7% | 72.0% | 79.6% | 81.7% | 64.9% | 68.0% | 78.8% |
| Net Debt | 1,286 | 1,583 | 1,262 | 895 | 710 | 1,005 | 846 | 544 |
| Cash & Equivalents | 66 | 20 | 33 | 26 | 58 | 52 | 26 | 163 |
| Total Debt | 1,352 | 1,603 | 1,296 | 921 | 768 | 1,057 | 873 | 707 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.36x | 0.35x | 0.26x | 0.74x | 7.14x | 0.72x | 0.60x | 3.53x |
| Quick Ratio | 0.36x | 0.35x | 0.15x | 0.30x | 4.00x | 0.72x | 0.60x | 3.53x |
| Cash Ratio | 0.08x | 0.01x | 0.03x | 0.03x | 0.77x | 0.13x | 0.07x | 1.65x |
| Total Current Assets | 289 | 495 | 313 | 571 | 536 | 281 | 210 | 350 |
| Total Current Liabilities | 805 | 1,431 | 1,194 | 768 | 75 | 392 | 353 | 99 |
| Inventory | N/A | N/A | 129 | 340 | 236 | N/A | N/A | N/A |
| Trade Receivables | 223 | 243 | 140 | 165 | 193 | 154 | 120 | 157 |
| Trade Payables | 105 | 260 | 96 | 67 | 75 | 390 | 352 | 99 |
| Net Working Capital | -516 | -937 | -881 | -196 | 461 | -111 | -143 | 251 |
| Net Working Capital % of Revenue | -8.8% | -16.1% | -16.2% | -4.6% | 10.2% | -2.6% | -14.1% | 25.4% |
| Trade Working Capital | 118 | -17 | 172 | 439 | 353 | -235 | -233 | 58 |
| Trade Working Capital % of Revenue | 2.0% | -0.3% | 3.2% | 10.3% | 7.8% | -5.4% | -23.0% | 5.9% |
| Change in Trade Working Capital | N/A | -135 | 190 | 266 | -85 | -589 | 3 | 291 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | N/A | 34.82x | 10.40x | 16.14x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | 10.5 | 35.1 | 22.6 | N/A | N/A | N/A |
| Receivables Turnover | 26.23x | 23.95x | 38.84x | 25.85x | 23.47x | 28.13x | 8.47x | 6.28x |
| Days Sales Outstanding (DSO) | 13.9 | 15.2 | 9.4 | 14.1 | 15.5 | 13.0 | 43.1 | 58.1 |
| Payables Turnover | 47.32x | 18.84x | 46.65x | 53.26x | 50.73x | 7.72x | N/A | N/A |
| Days Payable Outstanding (DPO) | 7.7 | 19.4 | 7.8 | 6.9 | 7.2 | 47.3 | N/A | N/A |
| Cash Conversion Cycle | 6.2 days | -4.1 days | 12.1 days | 42.3 days | 31.0 days | -34.3 days | 43.1 days | 58.1 days |
| Asset Turnover | 1.30x | 1.06x | 1.08x | 0.88x | 0.98x | 1.05x | 0.26x | 0.26x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 437 | 440 | 236 | -124 | 322 | 1,329 | 813 | 457 |
| Free Cash Flow (OCF − Capex proxy) | 437 | -298 | 321 | 367 | 185 | -294 | 157 | 302 |
| Cash Conversion (OCF / EBITDA) | 511.2% | N/A | 72.0% | N/A | N/A | 194.4% | 102.7% | 78.7% |
| 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.
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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