Ratio	2022	2023	2024
Margins
Gross Margin	-0.1%	27.1%	29.8%
EBITDA Margin	-17.9%	7.5%	10.7%
EBITDAR	-949	680	923
EBITDAR Margin	-17.6%	7.6%	10.9%
EBIT Margin	-18.3%	7.3%	10.5%
Net Profit Margin	-19.9%	6.9%	10.3%
Operating Expense % of Sales	17.8%	19.6%	19.1%
Returns
Return on Assets (ROA)	-55.7%	59.4%	31.3%
Return on Equity (ROE)	N/A	N/A	3072.4%
ROIC [EBIT / Invested Capital]	N/A	N/A	N/A
Leverage & liquidity
Debt-to-Assets	27.8%	23.1%	3.7%
Debt-to-Equity	-0.41x	-0.28x	3.60x
Debt-to-EBITDA	N/A	0.36x	0.11x
Equity-to-Assets	-68.5%	-82.0%	1.0%
Net Debt	496	168	-157
Cash & Equivalents	39	71	259
Total Debt	535	238	103
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	19.21x	15.42x	8.92x
Days Sales Outstanding (DSO)	19.0	23.7	40.9
Payables Turnover	6.19x	5.48x	5.44x
Days Payable Outstanding (DPO)	59.0	66.6	67.0
Cash Conversion Cycle	-40.0 days	-43.0 days	-26.1 days
Asset Turnover	2.80x	8.64x	3.03x
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