შპს არესემ საქართველო

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	29.7%	24.5%	20.3%	16.0%	23.9%	32.0%	23.6%
EBITDA Margin	13.9%	4.9%	1.9%	-2.1%	-0.2%	10.9%	-6.3%
EBITDAR	542	317	226	98	164	736	-112
EBITDAR Margin	18.3%	8.7%	6.1%	3.4%	4.0%	14.2%	-2.5%
EBIT Margin	12.3%	4.0%	1.0%	-2.5%	-0.7%	10.3%	-7.7%
Net Profit Margin	11.9%	3.6%	-5.6%	-3.7%	-1.5%	10.1%	-7.8%
Operating Expense % of Sales	15.8%	19.6%	18.5%	18.1%	24.1%	21.1%	29.9%
Returns
Return on Assets (ROA)	52.8%	11.8%	-16.8%	-8.9%	-5.2%	26.6%	-24.8%
Return on Equity (ROE)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROIC [EBIT / Invested Capital]	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Leverage & liquidity
Debt-to-Assets	19.2%	12.1%	18.3%	20.8%	17.8%	6.0%	9.6%
Debt-to-Equity	-1.14x	-2.70x	-0.88x	-0.27x	-0.19x	-0.22x	-0.15x
Debt-to-EBITDA	0.31x	0.75x	3.28x	N/A	N/A	0.21x	N/A
Equity-to-Assets	-16.9%	-4.5%	-20.7%	-78.3%	-92.7%	-27.3%	-62.6%
Net Debt	36	-90	13	170	67	-574	47
Cash & Equivalents	93	223	215	77	138	694	90
Total Debt	129	133	228	247	205	120	138
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	15.95x	9.57x	8.19x	9.55x	18.00x	9.70x	8.56x
Days Sales Outstanding (DSO)	22.9	38.1	44.6	38.2	20.3	37.6	42.6
Payables Turnover	25.44x	24.09x	22.81x	4.36x	7.20x	4.66x	5.53x
Days Payable Outstanding (DPO)	14.4	15.2	16.0	83.6	50.7	78.3	66.0
Cash Conversion Cycle	8.5 days	23.0 days	28.6 days	-45.4 days	-30.4 days	-40.6 days	-23.4 days
Asset Turnover	4.43x	3.31x	2.97x	2.40x	3.57x	2.62x	3.17x
Cash flow & dividends
Operating Cash Flow	150	295	-23	270	115	573	-419
Free Cash Flow (OCF − Capex proxy)	53	194	-106	12	83	544	-528
Cash Conversion (OCF / EBITDA)	36.2%	166.9%	-33.2%	N/A	N/A	101.1%	N/A
Dividends Declared	N/A	N/A	0	0	0	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