Akhali Venetsia (შპს ახალი ვენეცია)

Ratio	2017	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	95.9%	94.9%	94.2%	100.0%	99.3%	100.0%	100.0%	100.0%
EBITDA Margin	25.1%	-0.1%	18.1%	-782.0%	-21.7%	46.8%	17.5%	21.7%
EBITDAR	121	-1	44	-149	-35	185	47	71
EBITDAR Margin	25.1%	-0.1%	18.1%	-782.0%	-21.7%	46.8%	17.5%	21.7%
EBIT Margin	8.2%	-20.9%	-9.1%	-1142.8%	-60.7%	32.9%	-2.3%	-3.9%
Net Profit Margin	25.1%	-0.1%	-11.7%	-782.0%	-21.7%	30.4%	-2.3%	-3.9%
Operating Expense % of Sales	70.8%	95.0%	76.0%	882.0%	121.0%	53.2%	82.5%	78.3%
Returns
Return on Assets (ROA)	5.1%	-0.0%	-1.2%	-6.3%	-1.5%	5.3%	-0.2%	-0.4%
Return on Equity (ROE)	5.7%	-0.0%	-1.3%	-7.1%	-1.6%	5.4%	-0.2%	-0.4%
ROIC [EBIT / Invested Capital]	1.7%	-3.2%	-1.0%	-9.3%	-4.3%	5.9%	-0.2%	-0.5%
Leverage & debt balances
Debt-to-Assets	9.7%	6.8%	10.2%	10.5%	7.8%	0.0%	0.0%	0.0%
Debt-to-Equity	0.11x	0.07x	0.11x	0.12x	0.08x	0.00x	0.00x	0.00x
Debt-to-EBITDA	1.88x	N/A	5.71x	N/A	N/A	0.00x	0.00x	0.00x
Equity-to-Assets	90.3%	93.1%	89.7%	89.2%	91.8%	98.9%	99.2%	99.2%
Net Debt	211	144	28	233	157	-42	-82	-103
Cash & Equivalents	17	11	220	16	23	42	82	103
Total Debt	228	155	248	249	180	N/A	N/A	N/A
Liquidity & working capital
Current Ratio	0.23x	0.33x	1.03x	0.21x	11.93x	91.89x	122.23x	129.67x
Quick Ratio	0.23x	0.33x	1.03x	0.21x	11.92x	91.89x	122.23x	129.67x
Cash Ratio	0.08x	0.07x	0.88x	0.06x	0.12x	1.78x	3.56x	4.64x
Total Current Assets	52	52	257	53	2,245	2,190	2,828	2,885
Total Current Liabilities	229	157	249	254	188	24	23	22
Inventory	N/A	N/A	N/A	0	0	N/A	N/A	N/A
Trade Receivables	35	41	37	36	37	31	33	38
Trade Payables	1	2	1	5	6	14	12	11
Net Working Capital	-177	-105	8	-201	2,057	2,166	2,805	2,863
Net Working Capital % of Revenue	-36.7%	-29.8%	3.2%	-1055.1%	1281.9%	547.7%	1048.8%	876.5%
Trade Working Capital	34	39	36	31	31	16	21	27
Trade Working Capital % of Revenue	7.1%	11.2%	14.9%	165.0%	19.4%	4.2%	8.0%	8.1%
Change in Trade Working Capital	N/A	5	-4	-4	-0	-15	5	5
Turnover & efficiency
Inventory Turnover	N/A	N/A	N/A	N/A	7.04x	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A	51.8	N/A	N/A	N/A
Receivables Turnover	13.83x	8.52x	6.54x	0.52x	4.32x	12.92x	8.04x	8.70x
Days Sales Outstanding (DSO)	26.4	42.8	55.8	696.6	84.5	28.3	45.4	42.0
Payables Turnover	30.74x	9.87x	16.30x	N/A	0.18x	N/A	N/A	N/A
Days Payable Outstanding (DPO)	11.9	37.0	22.4	N/A	2015.4	N/A	N/A	N/A
Cash Conversion Cycle	14.5 days	5.8 days	33.4 days	696.6 days	-1879.1 days	28.3 days	45.4 days	42.0 days
Asset Turnover	0.20x	0.15x	0.10x	0.01x	0.07x	0.17x	0.09x	0.11x
Cash flow & dividends
Operating Cash Flow	-2	-6	209	-204	172	699	312	381
Free Cash Flow (OCF − Capex proxy)	-2	-6	209	-204	172	699	312	381
Cash Conversion (OCF / EBITDA)	-1.9%	N/A	480.4%	N/A	N/A	377.3%	665.5%	537.2%
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.

Akhali Venetsia

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