Ratio	2021	2022	2023	2024
Margins
Gross Margin	7.0%	6.3%	7.5%	8.8%
EBITDA Margin	3.7%	3.8%	4.3%	5.6%
EBITDAR	426	675	630	827
EBITDAR Margin	4.3%	4.2%	4.9%	6.4%
EBIT Margin	3.5%	3.7%	4.1%	5.4%
Net Profit Margin	2.1%	2.5%	2.9%	4.1%
Operating Expense % of Sales	3.3%	2.4%	3.3%	3.2%
Returns
Return on Assets (ROA)	16.8%	25.3%	22.0%	37.5%
Return on Equity (ROE)	100.0%	100.0%	100.0%	N/A
ROIC [EBIT / Invested Capital]	46.0%	70.5%	87.5%	N/A
Leverage & liquidity
Debt-to-Assets	45.9%	29.3%	18.6%	0.0%
Debt-to-Equity	2.74x	1.16x	0.84x	N/A
Debt-to-EBITDA	1.52x	0.74x	0.57x	0.00x
Equity-to-Assets	16.8%	25.3%	22.0%	0.0%
Net Debt	551	453	239	-85
Cash & Equivalents	5	3	76	85
Total Debt	556	456	315	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A
Receivables Turnover	15.07x	16.16x	12.25x	15.06x
Days Sales Outstanding (DSO)	24.2	22.6	29.8	24.2
Payables Turnover	253.22x	13530.50x	71.72x	25194.38x
Days Payable Outstanding (DPO)	1.4	0.0	5.1	0.0
Cash Conversion Cycle	22.8 days	22.6 days	24.7 days	24.2 days
Asset Turnover	8.12x	10.31x	7.64x	9.03x
Cash flow & dividends
Operating Cash Flow	-133	134	279	357
Free Cash Flow (OCF − Capex proxy)	-133	207	279	357
Cash Conversion (OCF / EBITDA)	-36.3%	21.8%	50.5%	50.0%
Dividends Declared	N/A	N/A	N/A	N/A
Dividend Payout Ratio	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.

Peers

Companies sharing this sub-sector, ranked by how close their latest revenue is to this one — not a curated comp set.

SubSector: Retail - Fuel