INDUSTRY AVERAGE FINANCIAL RATIOS FOR GEORGIA

Current work is the first attempt to calculate industry average financial ratios for Georgia. Although some researches provide ratios for separate companies or groups of companies, no industry wide data analyses is published at our best knowledge for the moment of publication of our research. Main reason for absence of works is lack of financial statements information. Only two years ago, publication of financial statements for some companies become required in Georgia by regulations. Current research uses first opportunity of information availability in digital format. Analyses were done for the companies for following industries according to European industry standard classification system (NACE): Education (Section P), Information & Communication (section J), Transportation & Storage (Section H), Manufacturing (Section C), Electricity, Gas, Steam and Air Conditioning Supply (Section D).