სს ინდუსტრია 21

Ratio	2017	2018	2019	2020	2021	2022	2023
Margins
Gross Margin	N/A	100.0%	36.3%	60.5%	60.5%	31.7%	N/A
EBITDA Margin	N/A	-35.5%	29.8%	47.6%	48.3%	24.2%	N/A
EBITDAR	-4,345	-725	1,948	2,581	2,469	1,185	-14
EBITDAR Margin	N/A	-33.1%	29.9%	47.6%	48.3%	24.2%	N/A
EBIT Margin	N/A	-35.5%	29.6%	47.4%	48.2%	24.1%	N/A
Net Profit Margin	N/A	-35.5%	29.6%	45.7%	43.5%	21.9%	N/A
Operating Expense % of Sales	N/A	135.5%	6.5%	12.9%	12.2%	7.5%	N/A
Returns
Return on Assets (ROA)	185.9%	-12.2%	23.4%	25.7%	34.8%	16.3%	-2.5%
Return on Equity (ROE)	5750.1%	-358.3%	90.6%	52.8%	36.5%	17.2%	-4.0%
ROIC [EBIT / Invested Capital]	-492.2%	-56.3%	101.1%	41.5%	39.2%	18.6%	-2.8%
Leverage & liquidity
Debt-to-Assets	31.7%	31.0%	3.5%	16.6%	3.6%	2.1%	26.6%
Debt-to-Equity	9.81x	9.10x	0.14x	0.34x	0.04x	0.02x	0.44x
Debt-to-EBITDA	N/A	N/A	0.15x	0.62x	0.09x	0.12x	N/A
Equity-to-Assets	3.2%	3.4%	25.8%	48.7%	95.3%	94.8%	61.1%
Net Debt	799	1,164	-218	1,495	190	138	146
Cash & Equivalents	47	811	509	105	38	1	2
Total Debt	846	1,975	292	1,600	227	139	148
Efficiency & working capital
Inventory Turnover	N/A	N/A	0.93x	0.68x	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	391.1	539.1	N/A	N/A	N/A
Receivables Turnover	N/A	4.50x	2.69x	1.99x	1.80x	1.26x	N/A
Days Sales Outstanding (DSO)	N/A	81.2	135.8	183.9	202.9	290.5	N/A
Payables Turnover	20.86x	N/A	38.36x	11.68x	27.05x	78.31x	N/A
Days Payable Outstanding (DPO)	17.5	N/A	9.5	31.3	13.5	4.7	N/A
Cash Conversion Cycle	-17.5 days	81.2 days	517.3 days	691.7 days	189.4 days	285.9 days	N/A
Asset Turnover	0.00x	0.34x	0.79x	0.56x	0.80x	0.75x	0.00x
Cash flow & dividends
Operating Cash Flow	N/A	764	693	N/A	982	562	5
Free Cash Flow (OCF − Capex proxy)	N/A	764	677	N/A	978	562	5
Cash Conversion (OCF / EBITDA)	N/A	N/A	35.7%	N/A	39.8%	47.4%	N/A
Dividends Declared	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	N/A	N/A	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

Directors & board

ვაჟა ღაღეთაშვილიind. entrepreneurBoard member ვახტანგ ოსიტაშვილიBoard member ვახტანგ ოსიტაშვილიDirector

Ownership & directors from companyinfo.ge (public corporate registry).