Ratio	2019	2020
Margins
Gross Margin	100.0%	100.0%
EBITDA Margin	71.1%	75.5%
EBITDAR	376	558
EBITDAR Margin	71.1%	75.5%
EBIT Margin	17.7%	36.3%
Net Profit Margin	19.5%	37.5%
Operating Expense % of Sales	28.9%	24.5%
Returns
Return on Assets (ROA)	5.3%	12.6%
Return on Equity (ROE)	5.4%	12.7%
ROIC [EBIT / Invested Capital]	5.0%	13.9%
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	98.7%	99.3%
Net Debt	-27	-250
Cash & Equivalents	27	250
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	91.88x	76.88x
Days Sales Outstanding (DSO)	4.0	4.7
Payables Turnover	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A
Cash Conversion Cycle	4.0 days	4.7 days
Asset Turnover	0.27x	0.34x
Cash flow & dividends
Operating Cash Flow	537	637
Free Cash Flow (OCF − Capex proxy)	-330	232
Cash Conversion (OCF / EBITDA)	143.0%	114.2%
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