Ratio	2021	2022	2023	2024
Margins
Gross Margin	100.0%	96.2%	97.2%	97.0%
EBITDA Margin	86.0%	35.0%	48.8%	32.8%
EBITDAR	9,372	1,654	3,317	2,247
EBITDAR Margin	86.4%	35.4%	49.7%	33.4%
EBIT Margin	85.9%	34.9%	48.7%	32.8%
Net Profit Margin	77.9%	-15.3%	39.6%	26.7%
Operating Expense % of Sales	14.0%	61.1%	48.4%	64.2%
Returns
Return on Assets (ROA)	89.9%	-16.2%	38.6%	110.9%
Return on Equity (ROE)	90.0%	-16.3%	491.0%	159.2%
ROIC [EBIT / Invested Capital]	19176.0%	4410.8%	N/A	N/A
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	99.9%	99.9%	7.9%	69.7%
Net Debt	-9,342	-4,360	-6,813	-1,572
Cash & Equivalents	9,342	4,360	6,813	1,572
Total Debt	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A
Receivables Turnover	272.45x	331.64x	464.94x	280.32x
Days Sales Outstanding (DSO)	1.3	1.1	0.8	1.3
Payables Turnover	N/A	350.06x	7.86x	33605.33x
Days Payable Outstanding (DPO)	N/A	1.0	46.4	0.0
Cash Conversion Cycle	1.3 days	0.1 days	-45.7 days	1.3 days
Asset Turnover	1.15x	1.06x	0.97x	4.15x
Cash flow & dividends
Operating Cash Flow	9,171	994	3,064	1,765
Free Cash Flow (OCF − Capex proxy)	9,171	977	3,061	1,765
Cash Conversion (OCF / EBITDA)	98.4%	60.8%	94.0%	79.9%
Dividends Declared	N/A	N/A	N/A	N/A
Dividend Payout Ratio	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