Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	7.5%	17.7%	19.6%	19.8%	25.0%	26.5%	28.5%
EBITDA Margin	-0.1%	12.4%	12.3%	10.6%	14.9%	16.3%	17.0%
EBITDAR	63	532	493	450	585	781	831
EBITDAR Margin	1.6%	14.2%	14.3%	12.5%	16.7%	18.3%	19.7%
EBIT Margin	-0.1%	12.4%	12.2%	10.6%	14.8%	16.2%	16.9%
Net Profit Margin	-0.0%	12.5%	12.6%	10.7%	14.7%	15.8%	18.3%
Operating Expense % of Sales	7.5%	5.2%	7.3%	9.2%	10.1%	10.3%	11.5%
Returns
Return on Assets (ROA)	-0.0%	39.5%	30.9%	26.8%	22.3%	27.8%	27.2%
Return on Equity (ROE)	-0.0%	42.5%	32.5%	28.4%	27.5%	29.2%	30.3%
ROIC [EBIT / Invested Capital]	-0.5%	46.0%	33.9%	28.9%	28.0%	30.6%	28.2%
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	N/A	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	83.4%	93.0%	95.0%	94.3%	80.9%	95.3%	89.7%
Net Debt	-49	-89	-96	-41	-13	-49	-12
Cash & Equivalents	49	89	96	41	13	49	12
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	3.23x	2.53x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	112.9	144.1	N/A	N/A	N/A	N/A
Receivables Turnover	41.75x	36.26x	19.44x	27.17x	15.42x	12.20x	9.33x
Days Sales Outstanding (DSO)	8.7	10.1	18.8	13.4	23.7	29.9	39.1
Payables Turnover	19.23x	39.44x	52.27x	39.40x	5.96x	38.54x	33.18x
Days Payable Outstanding (DPO)	19.0	9.3	7.0	9.3	61.3	9.5	11.0
Cash Conversion Cycle	-10.2 days	113.7 days	155.9 days	4.2 days	-37.6 days	20.4 days	28.1 days
Asset Turnover	3.44x	3.16x	2.44x	2.51x	1.52x	1.76x	1.48x
Cash flow & dividends
Operating Cash Flow	522	245	157	241	-23	255	457
Free Cash Flow (OCF − Capex proxy)	42	40	157	241	-23	255	457
Cash Conversion (OCF / EBITDA)	N/A	52.5%	37.1%	63.1%	-4.4%	36.7%	63.7%
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