Ratio	2018	2019	2020
Margins
Gross Margin	66.0%	59.6%	70.6%
EBITDA Margin	8.7%	-6.5%	-39.6%
EBITDAR	683	50	-501
EBITDAR Margin	17.6%	1.5%	-35.4%
EBIT Margin	6.3%	-9.4%	-44.3%
Net Profit Margin	6.3%	-9.4%	-44.3%
Operating Expense % of Sales	57.4%	66.1%	110.2%
Returns
Return on Assets (ROA)	12.8%	-22.2%	-49.3%
Return on Equity (ROE)	N/A	N/A	N/A
ROIC [EBIT / Invested Capital]	N/A	N/A	N/A
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%
Debt-to-Equity	-0.00x	-0.00x	-0.00x
Debt-to-EBITDA	0.00x	N/A	N/A
Equity-to-Assets	-30.6%	-64.4%	-119.6%
Net Debt	-431	-109	-422
Cash & Equivalents	431	109	422
Total Debt	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	6.26x	7.12x	3.54x
Days Sales Outstanding (DSO)	58.3	51.3	103.1
Payables Turnover	0.53x	0.58x	0.15x
Days Payable Outstanding (DPO)	683.5	628.3	2446.5
Cash Conversion Cycle	-625.2 days	-577.0 days	-2343.3 days
Asset Turnover	2.03x	2.36x	1.11x
Cash flow & dividends
Operating Cash Flow	N/A	-416	247
Free Cash Flow (OCF − Capex proxy)	N/A	-322	313
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