Ratio	2021	2022	2023
Margins
Gross Margin	71.1%	-20.0%	N/A
EBITDA Margin	69.3%	-20.4%	N/A
EBITDAR	13,496	-929	-94
EBITDAR Margin	69.3%	-20.4%	N/A
EBIT Margin	69.2%	-21.3%	N/A
Net Profit Margin	68.4%	-64.1%	N/A
Operating Expense % of Sales	1.8%	0.4%	N/A
Returns
Return on Assets (ROA)	87.1%	-89.0%	-57.0%
Return on Equity (ROE)	97.1%	-94.1%	-69.5%
ROIC [EBIT / Invested Capital]	320.6%	-174.1%	-72.9%
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	89.7%	94.6%	82.0%
Net Debt	-9,508	-2,541	-580
Cash & Equivalents	9,508	2,541	580
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	13.32x	N/A	N/A
Days Sales Outstanding (DSO)	27.4	N/A	N/A
Payables Turnover	6.77x	31.60x	N/A
Days Payable Outstanding (DPO)	53.9	11.5	N/A
Cash Conversion Cycle	-26.5 days	-11.5 days	N/A
Asset Turnover	1.27x	1.39x	0.00x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A
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.