Ratio	2023	2024
Margins
Gross Margin	41.0%	26.9%
EBITDA Margin	-0.4%	-2.8%
EBITDAR	4	-104
EBITDAR Margin	0.2%	-2.6%
EBIT Margin	-0.6%	-3.1%
Net Profit Margin	-1.9%	-3.7%
Operating Expense % of Sales	41.4%	29.7%
Returns
Return on Assets (ROA)	-4.0%	-10.4%
Return on Equity (ROE)	-22.8%	-284.5%
ROIC [EBIT / Invested Capital]	-3.9%	-48.1%
Leverage & liquidity
Debt-to-Assets	22.0%	18.2%
Debt-to-Equity	1.26x	4.98x
Debt-to-EBITDA	N/A	N/A
Equity-to-Assets	17.5%	3.6%
Net Debt	181	206
Cash & Equivalents	70	52
Total Debt	251	258
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	2.84x	3.56x
Days Sales Outstanding (DSO)	128.7	102.5
Payables Turnover	2.69x	2.66x
Days Payable Outstanding (DPO)	135.8	137.3
Cash Conversion Cycle	-7.1 days	-34.8 days
Asset Turnover	2.07x	2.84x
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