შპს კახური

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	52.9%	45.5%	48.9%	48.9%	41.0%	34.9%	38.9%
EBITDA Margin	28.9%	38.0%	35.7%	38.7%	32.1%	28.6%	24.6%
EBITDAR	1,158	4,237	2,175	2,931	2,746	3,913	1,874
EBITDAR Margin	28.9%	38.0%	35.7%	38.7%	32.1%	28.6%	24.6%
EBIT Margin	26.4%	36.8%	34.8%	38.0%	31.6%	27.9%	23.6%
Net Profit Margin	27.1%	35.6%	30.0%	33.2%	28.3%	28.2%	22.4%
Operating Expense % of Sales	24.0%	7.5%	13.2%	10.3%	8.9%	6.3%	14.3%
Returns
Return on Assets (ROA)	24.4%	72.0%	33.4%	56.3%	48.6%	36.9%	12.0%
Return on Equity (ROE)	33.8%	79.0%	43.4%	66.1%	49.2%	45.0%	18.6%
ROIC [EBIT / Invested Capital]	39.8%	88.6%	61.9%	73.8%	61.7%	47.6%	23.3%
Leverage & debt balances
Debt-to-Assets	5.4%	3.6%	2.9%	2.4%	1.0%	14.4%	24.7%
Debt-to-Equity	0.07x	0.04x	0.04x	0.03x	0.01x	0.18x	0.38x
Debt-to-EBITDA	0.21x	0.05x	0.07x	0.04x	0.02x	0.38x	1.87x
Equity-to-Assets	72.3%	91.2%	77.1%	85.3%	98.7%	82.1%	64.7%
Net Debt	-561	-392	-795	94	-541	-548	-1,450
Cash & Equivalents	801	593	952	14	593	2,048	4,950
Total Debt	239	201	157	107	51	1,500	3,500
Liquidity & working capital
Current Ratio	3.55x	15.17x	3.99x	6.00x	63.47x	18.54x	2.68x
Quick Ratio	3.55x	3.35x	0.93x	6.00x	63.47x	18.54x	2.68x
Cash Ratio	0.74x	2.02x	0.83x	0.02x	8.90x	5.49x	1.34x
Total Current Assets	3,847	4,459	4,562	3,640	4,223	6,914	9,918
Total Current Liabilities	1,083	294	1,143	607	67	373	3,696
Inventory	N/A	3,475	3,504	N/A	N/A	N/A	N/A
Trade Receivables	242	259	101	146	437	331	219
Trade Payables	131	144	44	26	10	63	8
Net Working Capital	2,763	4,165	3,420	3,033	4,157	6,541	6,222
Net Working Capital % of Revenue	69.1%	37.4%	56.2%	40.0%	48.5%	47.9%	81.7%
Trade Working Capital	111	3,590	3,562	120	427	268	211
Trade Working Capital % of Revenue	2.8%	32.2%	58.5%	1.6%	5.0%	2.0%	2.8%
Change in Trade Working Capital	N/A	3,479	-29	-3,441	306	-158	-57
Turnover & efficiency
Inventory Turnover	N/A	1.75x	0.89x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	208.8	411.0	N/A	N/A	N/A	N/A
Receivables Turnover	16.55x	42.96x	60.02x	51.83x	19.60x	41.27x	34.74x
Days Sales Outstanding (DSO)	22.1	8.5	6.1	7.0	18.6	8.8	10.5
Payables Turnover	14.42x	42.30x	71.35x	149.23x	492.16x	141.32x	558.38x
Days Payable Outstanding (DPO)	25.3	8.6	5.1	2.4	0.7	2.6	0.7
Cash Conversion Cycle	-3.2 days	208.7 days	412.0 days	4.6 days	17.9 days	6.3 days	9.9 days
Asset Turnover	0.90x	2.03x	1.11x	1.70x	1.72x	1.31x	0.54x
Cash flow & dividends
Operating Cash Flow	1,712	2,272	2,826	1,858	1,877	3,282	3,031
Free Cash Flow (OCF − Capex proxy)	1,385	1,784	2,806	1,817	1,864	400	1,822
Cash Conversion (OCF / EBITDA)	148.1%	53.6%	130.0%	63.4%	68.4%	83.9%	161.8%
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