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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2018 2,531 · FY2019 13,767 · FY2020 49,815 — 3-yr total 66,113
Batumi arm of Orbi Group, a leading Georgian developer of apart-hotel and resort complexes on the Black Sea coast.
Group parent — controls 2 companies · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|
| Margins | ||||
| Gross Margin | 64.9% | 45.7% | 46.2% | 53.5% |
| EBITDA Margin | -3329.2% | -1592.1% | 29.8% | 43.8% |
| EBITDAR | -5,127 | -11,957 | 57,447 | 104,920 |
| EBITDAR Margin | -3329.2% | -1592.1% | 29.8% | 43.8% |
| EBIT Margin | -3914.3% | -1949.8% | 29.0% | 42.9% |
| Net Profit Margin | -2835.7% | -153.3% | 61.3% | 55.7% |
| Operating Expense % of Sales | 3394.2% | 1637.8% | 17.2% | 11.5% |
| Returns | ||||
| Return on Assets (ROA) | -1.6% | -0.2% | 17.0% | 20.6% |
| Return on Equity (ROE) | -2298.4% | -25.3% | 104.5% | 68.7% |
| ROIC [EBIT / Invested Capital] | N/A | N/A | N/A | 84.3% |
| Leverage & debt balances | ||||
| Debt-to-Assets | 0.3% | 0.1% | 0.1% | 0.9% |
| Debt-to-Equity | 3.64x | 0.08x | 0.01x | 0.03x |
| Debt-to-EBITDA | N/A | N/A | 0.02x | 0.06x |
| Equity-to-Assets | 0.1% | 0.9% | 16.3% | 30.0% |
| Net Debt | -120,442 | -204,217 | -148,211 | -72,450 |
| Cash & Equivalents | 121,134 | 204,598 | 149,081 | 78,231 |
| Total Debt | 692 | 381 | 870 | 5,781 |
| Liquidity & working capital | ||||
| Current Ratio | 0.46x | 0.96x | 0.95x | 0.90x |
| Quick Ratio | 0.46x | 0.55x | 0.40x | 0.32x |
| Cash Ratio | 0.45x | 0.39x | 0.21x | 0.13x |
| Total Current Assets | 125,123 | 503,047 | 657,341 | 535,713 |
| Total Current Liabilities | 269,866 | 524,996 | 694,559 | 593,449 |
| Inventory | N/A | 216,826 | 382,775 | 344,158 |
| Trade Receivables | 1,538 | 2,093 | 8,097 | 15,601 |
| Trade Payables | 8,836 | 15,553 | 17,647 | 19,220 |
| Net Working Capital | -144,743 | -21,949 | -37,218 | -57,736 |
| Net Working Capital % of Revenue | -93989.0% | -2922.6% | -19.3% | -24.1% |
| Trade Working Capital | -7,298 | 203,366 | 373,225 | 340,539 |
| Trade Working Capital % of Revenue | -4739.0% | 27079.4% | 193.4% | 142.1% |
| Change in Trade Working Capital | N/A | 210,664 | 169,859 | -32,686 |
| Turnover & efficiency | ||||
| Inventory Turnover | N/A | 0.00x | 0.27x | 0.32x |
| Days Inventory Outstanding (DIO) | N/A | 193974.2 | 1344.8 | 1126.6 |
| Receivables Turnover | 0.10x | 0.36x | 23.83x | 15.36x |
| Days Sales Outstanding (DSO) | 3645.3 | 1017.2 | 15.3 | 23.8 |
| Payables Turnover | 0.01x | 0.03x | 5.89x | 5.80x |
| Days Payable Outstanding (DPO) | 59724.8 | 13913.8 | 62.0 | 62.9 |
| Cash Conversion Cycle | -56079.6 days | 181077.6 days | 1298.2 days | 1087.4 days |
| Asset Turnover | 0.00x | 0.00x | 0.28x | 0.37x |
| Cash flow & dividends | ||||
| Operating Cash Flow | 100,377 | 107,321 | -14,781 | -26,520 |
| Free Cash Flow (OCF − Capex proxy) | 100,377 | 107,321 | -16,388 | -25,137 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | -25.7% | -25.3% |
| Dividends Declared | 2,207 | 2,531 | 13,767 | 49,815 |
| Dividend Payout Ratio | N/A | N/A | 11.6% | 37.3% |
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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