Ratio	2022	2023
Margins
Gross Margin	66.3%	62.2%
EBITDA Margin	5.5%	1.4%
EBITDAR	405	278
EBITDAR Margin	16.5%	11.0%
EBIT Margin	5.2%	0.0%
Net Profit Margin	5.2%	0.0%
Operating Expense % of Sales	60.8%	60.8%
Returns
Return on Assets (ROA)	33.6%	0.0%
Return on Equity (ROE)	100.0%	0.2%
ROIC [EBIT / Invested Capital]	106.2%	0.2%
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	33.6%	21.4%
Net Debt	-7	-6
Cash & Equivalents	7	6
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	61.71x	41.61x
Days Sales Outstanding (DSO)	5.9	8.8
Payables Turnover	3.72x	2.40x
Days Payable Outstanding (DPO)	98.1	152.3
Cash Conversion Cycle	-92.2 days	-143.6 days
Asset Turnover	6.47x	4.24x
Cash flow & dividends
Operating Cash Flow	7	6
Free Cash Flow (OCF − Capex proxy)	7	6
Cash Conversion (OCF / EBITDA)	5.6%	15.9%
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