Ratio	2018	2019
Margins
Gross Margin	108.4%	97.4%
EBITDA Margin	42.6%	31.5%
EBITDAR	512	586
EBITDAR Margin	42.6%	31.5%
EBIT Margin	37.4%	28.0%
Net Profit Margin	29.2%	25.7%
Operating Expense % of Sales	65.8%	65.9%
Returns
Return on Assets (ROA)	33.3%	60.3%
Return on Equity (ROE)	35.7%	69.1%
ROIC [EBIT / Invested Capital]	50.1%	96.1%
Leverage & debt balances
Debt-to-Assets	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x
Equity-to-Assets	93.1%	87.3%
Net Debt	-84	-150
Cash & Equivalents	84	150
Total Debt	N/A	N/A
Liquidity & working capital
Current Ratio	N/A	N/A
Quick Ratio	N/A	N/A
Cash Ratio	N/A	N/A
Total Current Assets	534	381
Total Current Liabilities	N/A	N/A
Inventory	N/A	N/A
Trade Receivables	404	176
Trade Payables	5	5
Net Working Capital	534	381
Net Working Capital % of Revenue	44.4%	20.5%
Trade Working Capital	400	171
Trade Working Capital % of Revenue	33.3%	9.2%
Change in Trade Working Capital	N/A	-229
Turnover & efficiency
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	2.97x	10.58x
Days Sales Outstanding (DSO)	122.8	34.5
Payables Turnover	22.32x	10.20x
Days Payable Outstanding (DPO)	16.3	35.8
Cash Conversion Cycle	106.5 days	-1.3 days
Asset Turnover	1.14x	2.35x
Cash flow & dividends
Operating Cash Flow	459	735
Free Cash Flow (OCF − Capex proxy)	432	732
Cash Conversion (OCF / EBITDA)	89.6%	125.4%
Dividends Declared	N/A	N/A
Dividend Payout Ratio	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.

Ownership & group structure

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.

companyinfo.ge · fetched 2026-07-15