Ratio	2022	2023	2024
Margins
Gross Margin	33.8%	23.9%	23.1%
EBITDA Margin	3.9%	2.3%	11.3%
EBITDAR	105	75	538
EBITDAR Margin	4.2%	2.5%	11.6%
EBIT Margin	1.4%	2.3%	9.6%
Net Profit Margin	1.4%	2.0%	10.5%
Operating Expense % of Sales	29.8%	21.6%	11.7%
Returns
Return on Assets (ROA)	1.0%	1.9%	15.6%
Return on Equity (ROE)	250.1%	N/A	826.4%
ROIC [EBIT / Invested Capital]	1.5%	3.4%	19.9%
Leverage & liquidity
Debt-to-Assets	71.8%	86.8%	71.6%
Debt-to-Equity	177.72x	-6.11x	37.87x
Debt-to-EBITDA	25.92x	38.78x	4.25x
Equity-to-Assets	0.4%	-14.2%	1.9%
Net Debt	2,373	2,387	2,185
Cash & Equivalents	200	227	48
Total Debt	2,573	2,615	2,233
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	11.61x	N/A	4.71x
Days Sales Outstanding (DSO)	31.5	N/A	77.5
Payables Turnover	3.99x	2.72x	4.31x
Days Payable Outstanding (DPO)	91.5	134.3	84.6
Cash Conversion Cycle	-60.0 days	-134.3 days	-7.1 days
Asset Turnover	0.70x	0.98x	1.49x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A
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.

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