Ertoba + (შპს ერთობა +)

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	41.2%	32.1%	30.7%	60.3%	59.7%	33.1%	36.2%
EBITDA Margin	23.9%	28.8%	25.9%	57.9%	57.8%	29.1%	31.6%
EBITDAR	2,529	3,355	3,349	16,503	16,369	4,657	4,862
EBITDAR Margin	23.9%	30.2%	27.3%	58.6%	58.3%	29.8%	32.5%
EBIT Margin	23.8%	28.5%	25.6%	57.8%	57.7%	28.7%	31.1%
Net Profit Margin	23.8%	28.5%	25.9%	17.6%	16.5%	28.7%	25.0%
Operating Expense % of Sales	17.3%	3.4%	4.7%	2.4%	1.9%	4.0%	4.6%
Returns
Return on Assets (ROA)	30.4%	30.2%	23.4%	28.3%	20.7%	21.5%	19.3%
Return on Equity (ROE)	30.5%	30.6%	23.4%	28.4%	20.9%	21.7%	19.5%
ROIC [EBIT / Invested Capital]	35.2%	38.9%	26.0%	100.2%	104.0%	29.0%	25.3%
Leverage & debt balances
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	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	99.8%	98.8%	99.9%	99.8%	99.0%	99.0%	98.9%
Net Debt	-1,100	-2,235	-1,468	-1,220	-6,509	-5,137	-795
Cash & Equivalents	1,100	2,235	1,468	1,220	6,509	5,137	796
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	0
Liquidity & working capital
Current Ratio	2661.03x	256.21x	52456.52x	N/A	8690.84x	4850.81x	N/A
Quick Ratio	2661.03x	94.85x	19975.84x	N/A	8690.84x	4850.81x	N/A
Cash Ratio	417.19x	61.46x	7058.16x	N/A	8690.84x	4850.81x	N/A
Total Current Assets	7,017	9,317	10,911	14,506	6,509	5,137	796
Total Current Liabilities	3	36	0	N/A	1	1	N/A
Inventory	N/A	5,868	6,756	N/A	N/A	N/A	N/A
Trade Receivables	N/A	3	10	N/A	10	2	55
Trade Payables	2	36	N/A	N/A	N/A	N/A	N/A
Net Working Capital	7,015	9,280	10,911	14,506	6,509	5,136	796
Net Working Capital % of Revenue	66.3%	83.5%	89.1%	51.5%	23.2%	32.9%	5.3%
Trade Working Capital	-2	5,834	6,766	N/A	10	2	55
Trade Working Capital % of Revenue	-0.0%	52.5%	55.2%	N/A	0.0%	0.0%	0.4%
Change in Trade Working Capital	N/A	5,837	931	-6,766	10	-8	52
Turnover & efficiency
Inventory Turnover	N/A	1.29x	1.26x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	284.0	290.3	N/A	N/A	N/A	N/A
Receivables Turnover	N/A	4419.75x	1278.22x	N/A	2807.50x	6244.01x	273.92x
Days Sales Outstanding (DSO)	N/A	0.1	0.3	N/A	0.1	0.1	1.3
Payables Turnover	2557.59x	208.60x	N/A	N/A	N/A	N/A	N/A
Days Payable Outstanding (DPO)	0.1	1.7	N/A	N/A	N/A	N/A	N/A
Cash Conversion Cycle	-0.1 days	282.3 days	290.5 days	N/A	0.1 days	0.1 days	1.3 days
Asset Turnover	1.28x	1.06x	0.90x	1.61x	1.26x	0.75x	0.77x
Cash flow & dividends
Operating Cash Flow	1,100	1,135	-767	-248	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	1,100	1,135	-767	-248	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	43.5%	35.5%	-24.1%	-1.5%	N/A	N/A	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 GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.

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