Ratio	2021	2022
Margins
Gross Margin	100.0%	100.0%
EBITDA Margin	2.2%	-2.8%
EBITDAR	91	-67
EBITDAR Margin	2.5%	-2.5%
EBIT Margin	2.0%	-3.0%
Net Profit Margin	0.9%	-4.9%
Operating Expense % of Sales	97.8%	102.8%
Returns
Return on Assets (ROA)	7.1%	-32.7%
Return on Equity (ROE)	32.9%	N/A
ROIC [EBIT / Invested Capital]	33.7%	-75.8%
Leverage & liquidity
Debt-to-Assets	66.2%	72.5%
Debt-to-Equity	3.08x	-9.00x
Debt-to-EBITDA	3.75x	N/A
Equity-to-Assets	21.5%	-8.1%
Net Debt	113	139
Cash & Equivalents	194	154
Total Debt	307	294
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	14.95x	11.68x
Days Sales Outstanding (DSO)	24.4	31.3
Payables Turnover	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A
Cash Conversion Cycle	24.4 days	31.3 days
Asset Turnover	7.84x	6.64x
Cash flow & dividends
Operating Cash Flow	161	118
Free Cash Flow (OCF − Capex proxy)	161	118
Cash Conversion (OCF / EBITDA)	196.1%	N/A
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