Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	29.9%	29.5%	30.2%	29.1%	33.1%	35.2%	32.7%
EBITDA Margin	18.9%	19.8%	18.1%	17.8%	23.2%	20.3%	15.5%
EBITDAR	994	937	729	912	1,749	1,694	1,415
EBITDAR Margin	21.1%	20.9%	19.3%	18.8%	24.0%	21.0%	16.1%
EBIT Margin	18.0%	18.8%	17.0%	17.1%	22.4%	19.5%	14.6%
Net Profit Margin	19.1%	20.3%	21.5%	15.1%	21.7%	20.3%	15.6%
Operating Expense % of Sales	11.0%	9.7%	12.1%	11.3%	9.9%	15.0%	17.2%
Returns
Return on Assets (ROA)	19.2%	17.6%	14.6%	12.8%	24.0%	23.0%	17.9%
Return on Equity (ROE)	19.6%	18.0%	15.0%	13.5%	25.4%	24.3%	19.8%
ROIC [EBIT / Invested Capital]	26.4%	25.1%	16.9%	18.8%	33.1%	27.9%	21.1%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	98.0%	97.7%	97.4%	95.4%	94.5%	94.5%	90.6%
Net Debt	-1,389	-1,686	-1,615	-1,037	-1,293	-1,106	-826
Cash & Equivalents	1,389	1,686	1,615	1,037	1,293	1,106	826
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	1.60x	1.05x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	228.7	347.2	N/A	N/A	N/A	N/A
Receivables Turnover	144.58x	159.31x	273.21x	621.94x	754.96x	116.76x	519.21x
Days Sales Outstanding (DSO)	2.5	2.3	1.3	0.6	0.5	3.1	0.7
Payables Turnover	34.90x	35.95x	36.64x	13.16x	14.59x	16.00x	8.85x
Days Payable Outstanding (DPO)	10.5	10.2	10.0	27.7	25.0	22.8	41.2
Cash Conversion Cycle	-7.9 days	220.9 days	338.6 days	-27.2 days	-24.5 days	-19.7 days	-40.5 days
Asset Turnover	1.01x	0.87x	0.68x	0.85x	1.11x	1.13x	1.15x
Cash flow & dividends
Operating Cash Flow	967	714	518	971	1,134	1,098	1,022
Free Cash Flow (OCF − Capex proxy)	945	683	215	235	1,101	904	839
Cash Conversion (OCF / EBITDA)	108.3%	80.4%	76.0%	112.3%	67.0%	67.2%	75.2%
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