Ratio	2018	2019
Margins
Gross Margin	59.4%	67.8%
EBITDA Margin	57.4%	58.2%
EBITDAR	2,655	288
EBITDAR Margin	57.4%	58.2%
EBIT Margin	57.4%	58.2%
Net Profit Margin	57.4%	58.2%
Operating Expense % of Sales	2.0%	9.6%
Returns
Return on Assets (ROA)	51.5%	5.7%
Return on Equity (ROE)	77.6%	7.8%
ROIC [EBIT / Invested Capital]	80.3%	7.8%
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	66.4%	73.7%
Net Debt	-115	-14
Cash & Equivalents	115	14
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	2.14x	0.22x
Days Sales Outstanding (DSO)	170.9	1691.2
Payables Turnover	2.46x	0.49x
Days Payable Outstanding (DPO)	148.1	743.4
Cash Conversion Cycle	22.8 days	947.8 days
Asset Turnover	0.90x	0.10x
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