Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	34.8%	33.5%	33.4%	24.3%	28.0%	24.2%	26.4%
EBITDA Margin	20.8%	18.0%	21.1%	15.6%	17.9%	15.9%	13.5%
EBITDAR	900	742	935	1,263	1,349	1,130	1,030
EBITDAR Margin	23.4%	21.0%	23.3%	17.1%	19.6%	17.6%	15.4%
EBIT Margin	20.6%	17.8%	20.9%	15.5%	17.8%	15.8%	13.4%
Net Profit Margin	19.8%	14.0%	15.0%	15.1%	17.5%	13.8%	9.7%
Operating Expense % of Sales	14.0%	15.5%	12.3%	8.8%	10.1%	8.4%	12.9%
Returns
Return on Assets (ROA)	26.6%	16.2%	19.8%	33.1%	30.3%	19.5%	15.1%
Return on Equity (ROE)	68.9%	29.9%	34.8%	49.2%	40.0%	27.5%	20.6%
ROIC [EBIT / Invested Capital]	42.1%	30.6%	44.7%	53.1%	44.0%	33.6%	28.0%
Leverage & debt balances
Debt-to-Assets	33.5%	18.1%	11.3%	3.3%	0.0%	3.9%	8.4%
Debt-to-Equity	0.87x	0.33x	0.20x	0.05x	0.00x	0.05x	0.12x
Debt-to-EBITDA	1.20x	0.87x	0.41x	0.10x	0.00x	0.17x	0.40x
Equity-to-Assets	38.7%	54.1%	56.9%	67.4%	75.9%	71.0%	73.0%
Net Debt	784	407	153	-113	-232	-212	66
Cash & Equivalents	173	145	191	224	232	388	296
Total Debt	957	552	343	111	N/A	176	361
Liquidity & working capital
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Quick Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Current Assets	0	0	0	0	0	0	0
Total Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	1,207	1,533	N/A	N/A	N/A	N/A
Trade Receivables	1,497	1,589	1,167	1,665	1,548	2,346	2,279
Trade Payables	795	849	962	987	958	1,143	718
Net Working Capital	0	0	0	0	0	0	0
Net Working Capital % of Revenue	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Trade Working Capital	702	1,947	1,738	678	590	1,203	1,561
Trade Working Capital % of Revenue	18.2%	55.1%	43.4%	9.2%	8.6%	18.8%	23.4%
Change in Trade Working Capital	N/A	1,246	-209	-1,060	-88	613	358
Turnover & efficiency
Inventory Turnover	N/A	1.95x	1.74x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	187.3	209.8	N/A	N/A	N/A	N/A
Receivables Turnover	2.57x	2.23x	3.43x	4.44x	4.44x	2.73x	2.93x
Days Sales Outstanding (DSO)	141.8	164.0	106.4	82.2	82.2	133.5	124.7
Payables Turnover	3.16x	2.77x	2.77x	5.67x	5.17x	4.25x	6.84x
Days Payable Outstanding (DPO)	115.6	131.7	131.6	64.4	70.6	85.9	53.3
Cash Conversion Cycle	26.2 days	219.6 days	184.5 days	17.8 days	11.6 days	47.7 days	71.4 days
Asset Turnover	1.35x	1.16x	1.32x	2.19x	1.73x	1.41x	1.56x
Cash flow & dividends
Operating Cash Flow	566	4,032	N/A	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	516	4,032	N/A	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	70.8%	633.1%	N/A	N/A	N/A	N/A	N/A
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

Shareholders

ტარიელ თურმანიძე40.0%
რამაზი თურმანიძე30.0%
ჯამბული თურმანიძე30.0%

ტარიელ თურმანიძეPartner / Shareholder40.0%რამაზი თურმანიძე

Key metrics

Revenue & margins

Financial statements

Ownership & group structure

Shareholders

Directors & board