Ratio	2018	2019
Margins
Gross Margin	59.4%	35.6%
EBITDA Margin	52.1%	13.2%
EBITDAR	783	23
EBITDAR Margin	52.1%	13.2%
EBIT Margin	52.1%	12.4%
Net Profit Margin	52.1%	12.4%
Operating Expense % of Sales	7.3%	22.4%
Returns
Return on Assets (ROA)	54.7%	42.8%
Return on Equity (ROE)	66.8%	76.3%
ROIC [EBIT / Invested Capital]	N/A	88.0%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x
Equity-to-Assets	81.8%	56.0%
Net Debt	-1,261	-4
Cash & Equivalents	1,261	4
Total Debt	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	N/A	N/A
Days Sales Outstanding (DSO)	N/A	N/A
Payables Turnover	2.90x	5.05x
Days Payable Outstanding (DPO)	125.7	72.3
Cash Conversion Cycle	-125.7 days	-72.3 days
Asset Turnover	1.05x	3.45x
Cash flow & dividends
Operating Cash Flow	802	-1,257
Free Cash Flow (OCF − Capex proxy)	802	-1,257
Cash Conversion (OCF / EBITDA)	102.5%	-5501.1%
Dividends Declared	N/A	N/A
Dividend Payout Ratio	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