Ratio	2021	2022	2023
Margins
Gross Margin	22.7%	25.6%	20.3%
EBITDA Margin	2.4%	22.7%	17.5%
EBITDAR	144	1,169	1,113
EBITDAR Margin	2.4%	22.7%	17.5%
EBIT Margin	2.4%	22.7%	17.5%
Net Profit Margin	2.4%	22.7%	17.5%
Operating Expense % of Sales	20.3%	2.9%	2.7%
Returns
Return on Assets (ROA)	2.2%	15.7%	13.0%
Return on Equity (ROE)	3.5%	15.7%	13.0%
ROIC [EBIT / Invested Capital]	4.5%	16.4%	14.1%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x
Equity-to-Assets	62.1%	100.0%	99.6%
Net Debt	-913	-319	-626
Cash & Equivalents	913	319	626
Total Debt	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	15.79x	236.25x	748.40x
Days Sales Outstanding (DSO)	23.1	1.5	0.5
Payables Turnover	1.82x	17460.36x	138.55x
Days Payable Outstanding (DPO)	200.4	0.0	2.6
Cash Conversion Cycle	-177.3 days	1.5 days	-2.1 days
Asset Turnover	0.89x	0.69x	0.74x
Cash flow & dividends
Operating Cash Flow	533	5,128	7,565
Free Cash Flow (OCF − Capex proxy)	30	-594	306
Cash Conversion (OCF / EBITDA)	371.1%	438.8%	679.8%
Dividends Declared	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	N/A

Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in ₾ '000. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.

Peers

Companies sharing this sub-sector, ranked by how close their latest revenue is to this one — not a curated comp set.

SubSector: Retail - Specialty