Ratio	2017	2018	2019
Margins
Gross Margin	15.9%	9.2%	10.7%
EBITDA Margin	26.9%	0.0%	0.0%
EBITDAR	682	25	15
EBITDAR Margin	28.7%	1.0%	1.0%
EBIT Margin	27.4%	-0.5%	-0.9%
Net Profit Margin	195.2%	-0.5%	-0.9%
Operating Expense % of Sales	11.0%	9.2%	10.7%
Returns
Return on Assets (ROA)	1084.4%	-3.2%	-3.8%
Return on Equity (ROE)	1350.1%	-4.5%	-4.7%
ROIC [EBIT / Invested Capital]	387.0%	-12.3%	-28.1%
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	80.3%	72.6%	80.0%
Net Debt	-175	-197	-224
Cash & Equivalents	175	197	224
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	102.34x	95.80x	77.93x
Days Sales Outstanding (DSO)	3.6	3.8	4.7
Payables Turnover	78.68x	100.54x	52.07x
Days Payable Outstanding (DPO)	4.6	3.6	7.0
Cash Conversion Cycle	-1.1 days	0.2 days	-2.3 days
Asset Turnover	5.56x	6.00x	4.21x
Cash flow & dividends
Operating Cash Flow	137	22	27
Free Cash Flow (OCF − Capex proxy)	137	22	27
Cash Conversion (OCF / EBITDA)	21.5%	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