Ratio	2017	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	32.4%	44.8%	48.8%	53.2%	48.1%	60.9%	59.0%	58.4%
EBITDA Margin	11.6%	11.6%	14.0%	20.4%	7.8%	19.0%	18.8%	15.0%
EBITDAR	795	831	1,033	1,490	507	1,213	1,474	1,167
EBITDAR Margin	12.1%	12.2%	14.9%	21.4%	8.6%	19.5%	19.3%	15.5%
EBIT Margin	7.5%	7.6%	10.0%	17.1%	3.5%	14.8%	15.4%	10.7%
Net Profit Margin	11.5%	11.6%	13.0%	18.6%	5.9%	16.9%	17.7%	12.9%
Operating Expense % of Sales	20.8%	33.2%	34.7%	32.8%	40.3%	41.9%	40.2%	43.5%
Returns
Return on Assets (ROA)	25.7%	24.2%	28.0%	31.0%	8.3%	24.8%	27.1%	19.0%
Return on Equity (ROE)	30.3%	30.7%	35.1%	40.4%	11.9%	32.9%	32.6%	22.9%
ROIC [EBIT / Invested Capital]	18.6%	19.3%	24.6%	31.8%	5.1%	23.3%	24.9%	17.0%
Leverage & debt balances
Debt-to-Assets	8.2%	13.8%	15.9%	21.4%	28.0%	20.8%	15.0%	11.2%
Debt-to-Equity	0.10x	0.18x	0.20x	0.28x	0.40x	0.28x	0.18x	0.13x
Debt-to-EBITDA	0.32x	0.57x	0.53x	0.63x	2.53x	0.75x	0.52x	0.51x
Equity-to-Assets	84.8%	78.9%	79.9%	76.7%	70.2%	75.5%	83.1%	83.3%
Net Debt	161	126	238	549	1,116	746	566	478
Cash & Equivalents	79	324	276	344	44	137	184	94
Total Debt	240	450	514	893	1,160	883	750	572
Liquidity & working capital
Current Ratio	N/A	6.29x	10.59x	21.79x	21.66x	11.33x	22.41x	8.83x
Quick Ratio	N/A	6.29x	6.64x	13.70x	21.66x	11.33x	22.41x	8.83x
Cash Ratio	N/A	1.37x	2.06x	4.24x	0.60x	0.88x	2.00x	0.34x
Total Current Assets	467	1,491	1,422	1,766	1,590	1,760	2,064	2,474
Total Current Liabilities	N/A	237	134	81	73	155	92	280
Inventory	N/A	N/A	530	655	N/A	N/A	N/A	N/A
Trade Receivables	383	452	521	526	536	583	822	1,179
Trade Payables	180	217	98	81	76	155	92	280
Net Working Capital	467	1,254	1,287	1,685	1,516	1,604	1,971	2,193
Net Working Capital % of Revenue	7.1%	18.5%	18.5%	24.2%	25.7%	25.8%	25.8%	29.1%
Trade Working Capital	202	235	953	1,101	460	427	730	899
Trade Working Capital % of Revenue	3.1%	3.5%	13.7%	15.8%	7.8%	6.9%	9.6%	11.9%
Change in Trade Working Capital	N/A	33	718	147	-640	-33	302	169
Turnover & efficiency
Inventory Turnover	N/A	N/A	6.72x	4.97x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	54.3	73.4	N/A	N/A	N/A	N/A
Receivables Turnover	17.13x	15.02x	13.34x	13.25x	10.98x	10.67x	9.30x	6.39x
Days Sales Outstanding (DSO)	21.3	24.3	27.4	27.6	33.2	34.2	39.3	57.1
Payables Turnover	24.56x	17.27x	36.29x	40.23x	40.39x	15.66x	33.98x	11.18x
Days Payable Outstanding (DPO)	14.9	21.1	10.1	9.1	9.0	23.3	10.7	32.6
Cash Conversion Cycle	6.4 days	3.2 days	71.6 days	91.8 days	24.2 days	10.9 days	28.5 days	24.5 days
Asset Turnover	2.23x	2.09x	2.15x	1.67x	1.42x	1.47x	1.53x	1.48x
Cash flow & dividends
Operating Cash Flow	-109	245	-48	319	107	1,166	631	916
Free Cash Flow (OCF − Capex proxy)	-109	245	-48	319	107	1,166	631	916
Cash Conversion (OCF / EBITDA)	-14.4%	31.2%	-4.9%	22.4%	23.2%	98.9%	44.0%	81.2%
Dividends Declared	N/A	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	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

Shareholders

თათია იმედაძე25.0%
დავითი ფხაკაძე25.0%
გრიგოლი გუმბერიძე25.0%
ქრისტინა ხურციძე25.0%

თათია იმედაძე

Key metrics

Revenue & margins

Financial statements

Ownership & group structure

Shareholders

Directors & board