Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
EBITDA Margin	-16.3%	-14.2%	45.6%	31.6%	28.4%	23.5%	-45.2%
EBITDAR	-512	-491	3,069	2,447	1,845	1,494	-1,497
EBITDAR Margin	-13.7%	-11.9%	46.9%	32.9%	30.1%	25.5%	-41.7%
EBIT Margin	-25.4%	-22.8%	39.6%	25.6%	23.1%	17.7%	-54.9%
Net Profit Margin	-16.3%	-21.2%	52.8%	23.9%	5.3%	18.7%	-57.1%
Operating Expense % of Sales	116.3%	114.2%	54.4%	68.4%	71.6%	76.5%	145.2%
Returns
Return on Assets (ROA)	-18.0%	-28.8%	58.6%	23.4%	4.1%	12.0%	-70.8%
Return on Equity (ROE)	-19.4%	-38.2%	60.0%	23.6%	4.2%	12.2%	-75.6%
ROIC [EBIT / Invested Capital]	-37.4%	-47.2%	58.6%	47.8%	46.6%	36.8%	-75.6%
Leverage & liquidity
Debt-to-Assets	0.0%	7.9%	0.0%	0.0%	0.0%	0.0%	2.8%
Debt-to-Equity	0.00x	0.10x	0.00x	0.00x	0.00x	0.00x	0.03x
Debt-to-EBITDA	N/A	N/A	0.00x	0.00x	0.00x	0.00x	N/A
Equity-to-Assets	92.8%	75.3%	97.7%	99.5%	99.5%	98.3%	93.7%
Net Debt	-604	-303	-1,335	-3,545	-4,822	-6,136	-106
Cash & Equivalents	604	545	1,335	3,545	4,822	6,136	186
Total Debt	N/A	242	N/A	N/A	N/A	N/A	80
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	2.40x	3.13x	1.87x	2.42x	2.83x	3.89x	2.97x
Days Sales Outstanding (DSO)	152.1	116.8	195.1	150.7	129.2	93.8	123.0
Payables Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion Cycle	152.1 days	116.8 days	195.1 days	150.7 days	129.2 days	93.8 days	123.0 days
Asset Turnover	1.11x	1.35x	1.11x	0.98x	0.78x	0.64x	1.24x
Cash flow & dividends
Operating Cash Flow	-129	-59	790	2,210	1,277	1,315	-5,950
Free Cash Flow (OCF − Capex proxy)	-129	-59	790	2,210	1,277	1,315	-5,950
Cash Conversion (OCF / EBITDA)	N/A	N/A	26.5%	94.2%	73.5%	95.5%	N/A
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