Ratio	2023	2024
Margins
Gross Margin	13.6%	14.6%
EBITDA Margin	10.8%	13.3%
EBITDAR	513	990
EBITDAR Margin	11.0%	13.6%
EBIT Margin	10.6%	13.2%
Net Profit Margin	10.4%	13.1%
Operating Expense % of Sales	2.8%	1.3%
Returns
Return on Assets (ROA)	46.9%	38.8%
Return on Equity (ROE)	54.6%	51.8%
ROIC [EBIT / Invested Capital]	56.6%	52.1%
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	86.0%	75.0%
Net Debt	-16	-0
Cash & Equivalents	16	0
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	24.40x	8.97x
Days Sales Outstanding (DSO)	15.0	40.7
Payables Turnover	74.60x	10.29x
Days Payable Outstanding (DPO)	4.9	35.5
Cash Conversion Cycle	10.1 days	5.2 days
Asset Turnover	4.49x	2.97x
Cash flow & dividends
Operating Cash Flow	-13	-10
Free Cash Flow (OCF − Capex proxy)	1	-11
Cash Conversion (OCF / EBITDA)	-2.6%	-1.1%
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