Ratio	2017	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	53.8%	52.7%	50.4%	51.4%	56.1%	53.5%	54.9%
EBITDA Margin	35.3%	35.5%	25.3%	24.3%	37.5%	30.3%	29.3%
EBITDAR	1,459	2,013	1,810	1,752	2,769	1,887	1,989
EBITDAR Margin	35.3%	36.2%	25.8%	24.5%	37.7%	30.6%	30.9%
EBIT Margin	32.5%	32.7%	22.2%	20.9%	33.9%	26.2%	25.2%
Net Profit Margin	33.7%	24.9%	-18.2%	50.1%	46.5%	14.9%	32.1%
Operating Expense % of Sales	18.5%	17.2%	25.1%	27.2%	18.6%	23.2%	25.6%
Returns
Return on Assets (ROA)	24.7%	7.3%	-7.0%	17.8%	16.0%	4.5%	8.7%
Return on Equity (ROE)	25.8%	15.0%	-17.4%	33.2%	24.6%	6.4%	11.5%
ROIC [EBIT / Invested Capital]	25.3%	10.1%	9.0%	7.8%	12.2%	8.1%	7.2%
Leverage & liquidity
Debt-to-Assets	0.0%	47.2%	55.7%	41.5%	30.7%	26.9%	19.8%
Debt-to-Equity	0.00x	0.97x	1.38x	0.77x	0.47x	0.39x	0.26x
Debt-to-EBITDA	0.00x	4.51x	5.70x	4.82x	2.37x	2.96x	2.49x
Equity-to-Assets	95.9%	48.8%	40.3%	53.6%	65.2%	69.8%	76.3%
Net Debt	-105	8,820	9,949	8,352	6,516	5,492	4,539
Cash & Equivalents	105	99	155	22	11	38	155
Total Debt	N/A	8,919	10,104	8,374	6,527	5,530	4,694
Efficiency & working capital
Inventory Turnover	N/A	0.95x	1.11x	0.83x	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	386.1	328.5	437.2	N/A	N/A	N/A
Receivables Turnover	5.11x	2.51x	4.91x	5.21x	4.52x	4.08x	3.82x
Days Sales Outstanding (DSO)	71.5	145.4	74.4	70.0	80.7	89.5	95.6
Payables Turnover	8.23x	5.68x	5.15x	4.21x	3.63x	4.31x	3.13x
Days Payable Outstanding (DPO)	44.4	64.3	70.9	86.7	100.6	84.7	116.6
Cash Conversion Cycle	27.1 days	467.2 days	332.0 days	420.5 days	-19.9 days	4.8 days	-21.1 days
Asset Turnover	0.73x	0.29x	0.39x	0.35x	0.34x	0.30x	0.27x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Declared	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

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