Ratio	2022	2023	2024
Margins
Gross Margin	100.0%	100.0%	100.0%
EBITDA Margin	7.3%	8.6%	21.4%
EBITDAR	236	311	896
EBITDAR Margin	11.0%	12.5%	24.0%
EBIT Margin	5.5%	7.0%	20.3%
Net Profit Margin	3.7%	6.7%	14.4%
Operating Expense % of Sales	92.7%	91.4%	78.6%
Returns
Return on Assets (ROA)	9.2%	13.7%	28.5%
Return on Equity (ROE)	13.9%	22.6%	42.1%
ROIC [EBIT / Invested Capital]	29.7%	31.5%	98.7%
Leverage & liquidity
Debt-to-Assets	7.9%	13.8%	8.9%
Debt-to-Equity	0.12x	0.23x	0.13x
Debt-to-EBITDA	0.43x	0.78x	0.21x
Equity-to-Assets	66.4%	60.4%	67.6%
Net Debt	-170	-187	-504
Cash & Equivalents	238	355	672
Total Debt	68	168	168
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	4.42x	7.23x	8.83x
Days Sales Outstanding (DSO)	82.5	50.5	41.3
Payables Turnover	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A
Cash Conversion Cycle	82.5 days	50.5 days	41.3 days
Asset Turnover	2.51x	2.04x	1.98x
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.

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