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	24.5%	29.2%	18.9%	24.5%	7.5%	24.3%	35.9%
EBITDAR	1,282	1,572	827	1,077	383	1,226	2,217
EBITDAR Margin	26.8%	31.4%	21.8%	27.3%	10.6%	26.7%	37.8%
EBIT Margin	21.9%	26.5%	14.1%	19.6%	3.2%	21.0%	33.9%
Net Profit Margin	20.9%	24.8%	16.2%	19.9%	0.3%	23.8%	32.6%
Operating Expense % of Sales	75.5%	70.8%	81.1%	75.5%	92.5%	75.7%	64.1%
Returns
Return on Assets (ROA)	28.3%	33.7%	20.9%	27.2%	0.5%	36.4%	50.5%
Return on Equity (ROE)	36.6%	42.0%	26.0%	32.2%	0.7%	40.5%	53.6%
ROIC [EBIT / Invested Capital]	87.0%	103.0%	47.4%	62.7%	16.6%	106.1%	156.8%
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	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	77.3%	80.2%	80.3%	84.5%	67.2%	89.8%	94.3%
Net Debt	-1,524	-1,671	-1,239	-1,203	-972	-1,785	-2,306
Cash & Equivalents	1,524	1,671	1,239	1,203	972	1,785	2,306
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	3.81x	4.34x	4.00x	3.95x	3.87x	6.08x	5.24x
Days Sales Outstanding (DSO)	95.9	84.0	91.3	92.3	94.3	60.0	69.7
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	95.9 days	84.0 days	91.3 days	92.3 days	94.3 days	60.0 days	69.7 days
Asset Turnover	1.35x	1.36x	1.29x	1.37x	1.46x	1.53x	1.55x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A	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 ₾ '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