Ratio	2018	2019
Margins
Gross Margin	63.5%	60.0%
EBITDA Margin	4.4%	0.1%
EBITDAR	102	2
EBITDAR Margin	4.4%	0.1%
EBIT Margin	3.3%	-0.5%
Net Profit Margin	3.7%	-0.9%
Operating Expense % of Sales	59.1%	59.9%
Returns
Return on Assets (ROA)	19.2%	-2.9%
Return on Equity (ROE)	20.0%	-4.5%
ROIC [EBIT / Invested Capital]	43.7%	-3.4%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x
Equity-to-Assets	96.2%	63.4%
Net Debt	-254	-98
Cash & Equivalents	254	98
Total Debt	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	67.91x	23.22x
Days Sales Outstanding (DSO)	5.4	15.7
Payables Turnover	58.91x	108.09x
Days Payable Outstanding (DPO)	6.2	3.4
Cash Conversion Cycle	-0.8 days	12.3 days
Asset Turnover	5.20x	3.18x
Cash flow & dividends
Operating Cash Flow	145	113
Free Cash Flow (OCF − Capex proxy)	140	-156
Cash Conversion (OCF / EBITDA)	142.3%	6419.9%
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