Ratio	2023	2024
Margins
Gross Margin	6.6%	2.9%
EBITDA Margin	6.0%	1.4%
EBITDAR	253	66
EBITDAR Margin	6.0%	1.4%
EBIT Margin	6.0%	1.2%
Net Profit Margin	3.8%	1.2%
Operating Expense % of Sales	0.6%	1.6%
Returns
Return on Assets (ROA)	6.9%	2.0%
Return on Equity (ROE)	23.8%	16.2%
ROIC [EBIT / Invested Capital]	36.7%	18.7%
Leverage & liquidity
Debt-to-Assets	0.4%	0.3%
Debt-to-Equity	0.01x	0.03x
Debt-to-EBITDA	0.04x	0.15x
Equity-to-Assets	28.8%	12.3%
Net Debt	10	-48
Cash & Equivalents	N/A	58
Total Debt	10	10
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	1.91x	1.83x
Days Sales Outstanding (DSO)	191.2	199.9
Payables Turnover	2.93x	2.07x
Days Payable Outstanding (DPO)	124.4	176.2
Cash Conversion Cycle	66.8 days	23.7 days
Asset Turnover	1.79x	1.66x
Cash flow & dividends
Operating Cash Flow	4,968	10,327
Free Cash Flow (OCF − Capex proxy)	0	58
Cash Conversion (OCF / EBITDA)	1966.1%	15709.2%
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