Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
EBITDA Margin	69.5%	64.5%	52.6%	79.5%	77.5%	75.5%	67.1%
EBITDAR	2,257	2,339	626	1,926	3,344	3,863	3,814
EBITDAR Margin	75.1%	70.5%	64.0%	84.0%	84.9%	83.1%	74.9%
EBIT Margin	69.0%	64.0%	49.6%	76.9%	76.1%	74.2%	65.5%
Net Profit Margin	58.7%	54.4%	42.2%	65.4%	64.7%	63.1%	55.7%
Operating Expense % of Sales	30.5%	35.5%	47.4%	20.5%	22.5%	24.5%	32.9%
Returns
Return on Assets (ROA)	35.1%	71.8%	37.3%	37.3%	93.5%	78.5%	42.9%
Return on Equity (ROE)	40.5%	92.0%	53.2%	45.9%	131.3%	102.1%	51.3%
ROIC [EBIT / Invested Capital]	49.8%	194.6%	166.0%	1152.8%	570.3%	884.3%	386.8%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	86.6%	78.0%	70.1%	81.4%	71.2%	76.9%	83.6%
Net Debt	-182	-870	-483	-3,113	-1,415	-2,481	-4,663
Cash & Equivalents	182	870	483	3,113	1,415	2,481	4,663
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Receivables Turnover	0.64x	2.29x	2.14x	3.73x	4.88x	6.79x	3.75x
Days Sales Outstanding (DSO)	574.1	159.4	170.5	97.8	74.8	53.8	97.3
Payables Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion Cycle	574.1 days	159.4 days	170.5 days	97.8 days	74.8 days	53.8 days	97.3 days
Asset Turnover	0.60x	1.32x	0.88x	0.57x	1.45x	1.24x	0.77x
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