Ratio	2021	2022
Margins
Gross Margin	18.2%	21.2%
EBITDA Margin	4.5%	10.4%
EBITDAR	244	502
EBITDAR Margin	10.7%	14.6%
EBIT Margin	1.7%	9.4%
Net Profit Margin	1.6%	9.4%
Operating Expense % of Sales	13.7%	10.8%
Returns
Return on Assets (ROA)	6.7%	27.5%
Return on Equity (ROE)	10.2%	31.3%
ROIC [EBIT / Invested Capital]	15.5%	142.4%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x
Equity-to-Assets	65.9%	87.8%
Net Debt	-121	-800
Cash & Equivalents	121	800
Total Debt	N/A	N/A
Liquidity & working capital
Current Ratio	2.61x	7.89x
Quick Ratio	2.61x	7.89x
Cash Ratio	0.64x	5.62x
Total Current Assets	494	1,123
Total Current Liabilities	189	142
Inventory	N/A	N/A
Trade Receivables	99	162
Trade Payables	36	18
Net Working Capital	305	981
Net Working Capital % of Revenue	13.5%	28.5%
Trade Working Capital	63	144
Trade Working Capital % of Revenue	2.8%	4.2%
Change in Trade Working Capital	N/A	81
Turnover & efficiency
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	22.88x	21.21x
Days Sales Outstanding (DSO)	16.0	17.2
Payables Turnover	51.73x	151.31x
Days Payable Outstanding (DPO)	7.1	2.4
Cash Conversion Cycle	8.9 days	14.8 days
Asset Turnover	4.10x	2.94x
Cash flow & dividends
Operating Cash Flow	95	329
Free Cash Flow (OCF − Capex proxy)	55	339
Cash Conversion (OCF / EBITDA)	93.1%	92.2%
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