შპს ალპედე

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	45.9%	55.0%	70.1%	46.4%	36.2%	31.5%	27.4%
EBITDA Margin	14.5%	20.3%	22.2%	14.9%	7.9%	8.1%	12.0%
EBITDAR	400	599	1,220	580	618	595	1,017
EBITDAR Margin	14.5%	20.3%	22.2%	14.9%	7.9%	8.1%	12.0%
EBIT Margin	10.2%	14.6%	22.2%	14.9%	7.9%	8.1%	12.0%
Net Profit Margin	15.5%	21.4%	22.2%	14.9%	7.9%	8.1%	12.0%
Operating Expense % of Sales	31.4%	34.8%	47.9%	31.5%	28.4%	23.4%	15.4%
Returns
Return on Assets (ROA)	23.0%	25.0%	32.7%	19.0%	11.9%	10.3%	17.4%
Return on Equity (ROE)	76.5%	83.9%	61.8%	22.7%	19.5%	15.9%	21.5%
ROIC [EBIT / Invested Capital]	18.7%	21.8%	43.9%	23.7%	31.7%	15.1%	22.1%
Leverage & debt balances
Debt-to-Assets	65.4%	58.7%	29.5%	2.9%	3.3%	3.3%	1.0%
Debt-to-Equity	2.18x	1.97x	0.56x	0.03x	0.05x	0.05x	0.01x
Debt-to-EBITDA	3.03x	2.48x	0.90x	0.15x	0.28x	0.32x	0.06x
Equity-to-Assets	30.0%	29.8%	52.9%	83.5%	61.0%	64.8%	80.6%
Net Debt	937	1,233	804	-104	-1,226	183	-129
Cash & Equivalents	274	253	296	192	1,397	8	186
Total Debt	1,212	1,486	1,100	88	171	191	57
Liquidity & working capital
Current Ratio	1.01x	1.04x	1.75x	21.92x	11.26x	10.09x	34.10x
Quick Ratio	0.99x	1.01x	1.72x	21.92x	11.26x	10.09x	34.10x
Cash Ratio	0.23x	0.17x	0.27x	2.18x	8.16x	0.04x	3.28x
Total Current Assets	1,223	1,540	1,928	1,928	1,928	1,928	1,928
Total Current Liabilities	1,212	1,486	1,100	88	171	191	57
Inventory	26	34	36	N/A	N/A	N/A	N/A
Trade Receivables	331	739	1,510	263	1,480	2,382	2,131
Trade Payables	N/A	N/A	N/A	N/A	1,851	1,082	1,079
Net Working Capital	11	53	828	1,840	1,757	1,737	1,871
Net Working Capital % of Revenue	0.4%	1.8%	15.1%	47.3%	22.4%	23.7%	22.1%
Trade Working Capital	357	773	1,547	263	-371	1,300	1,052
Trade Working Capital % of Revenue	13.0%	26.2%	28.2%	6.8%	-4.7%	17.7%	12.4%
Change in Trade Working Capital	N/A	417	773	-1,284	-634	1,671	-248
Turnover & efficiency
Inventory Turnover	58.29x	38.73x	45.39x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	6.3	9.4	8.0	N/A	N/A	N/A	N/A
Receivables Turnover	8.30x	4.00x	3.64x	14.81x	5.30x	3.08x	3.97x
Days Sales Outstanding (DSO)	44.0	91.2	100.4	24.6	68.8	118.6	91.8
Payables Turnover	N/A	N/A	N/A	N/A	2.70x	4.64x	5.70x
Days Payable Outstanding (DPO)	N/A	N/A	N/A	N/A	134.9	78.7	64.1
Cash Conversion Cycle	50.2 days	100.7 days	108.4 days	24.6 days	-66.1 days	40.0 days	27.8 days
Asset Turnover	1.49x	1.17x	1.47x	1.27x	1.51x	1.27x	1.44x
Cash flow & dividends
Operating Cash Flow	42	-21	43	-105	1,205	-1,389	178
Free Cash Flow (OCF − Capex proxy)	42	-21	43	-105	1,205	-1,389	178
Cash Conversion (OCF / EBITDA)	10.6%	-3.5%	3.5%	-18.1%	195.1%	-233.5%	17.5%
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