Ratio	2023	2024
Margins
Gross Margin	8.5%	11.0%
EBITDA Margin	7.5%	9.9%
EBITDAR	260	437
EBITDAR Margin	7.7%	10.0%
EBIT Margin	7.5%	9.9%
Net Profit Margin	6.7%	9.2%
Operating Expense % of Sales	1.0%	1.1%
Returns
Return on Assets (ROA)	10.0%	16.4%
Return on Equity (ROE)	14.8%	20.9%
ROIC [EBIT / Invested Capital]	12.1%	18.5%
Leverage & liquidity
Debt-to-Assets	29.8%	18.4%
Debt-to-Equity	0.44x	0.23x
Debt-to-EBITDA	2.64x	1.04x
Equity-to-Assets	67.2%	78.5%
Net Debt	576	408
Cash & Equivalents	97	43
Total Debt	673	451
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	2.39x	2.99x
Days Sales Outstanding (DSO)	152.9	122.1
Payables Turnover	85.17x	108.77x
Days Payable Outstanding (DPO)	4.3	3.4
Cash Conversion Cycle	148.6 days	118.7 days
Asset Turnover	1.50x	1.79x
Cash flow & dividends
Operating Cash Flow	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	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