Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	38.5%	37.6%	37.9%	34.8%	41.0%	47.0%	35.0%
EBITDA Margin	18.4%	13.9%	11.3%	11.3%	21.7%	24.9%	15.5%
EBITDAR	757	725	514	692	1,503	1,648	1,005
EBITDAR Margin	21.5%	18.0%	15.0%	14.5%	23.7%	27.1%	19.0%
EBIT Margin	18.1%	13.6%	11.0%	10.6%	21.5%	24.8%	14.9%
Net Profit Margin	17.8%	13.8%	11.3%	10.6%	19.3%	23.8%	14.9%
Operating Expense % of Sales	20.1%	23.7%	26.6%	23.5%	19.4%	22.1%	19.5%
Returns
Return on Assets (ROA)	30.8%	25.1%	17.3%	21.2%	44.7%	37.6%	18.8%
Return on Equity (ROE)	39.4%	37.9%	20.8%	24.4%	47.1%	39.6%	19.6%
ROIC [EBIT / Invested Capital]	41.1%	40.1%	21.9%	28.2%	56.0%	71.8%	27.5%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	78.1%	66.4%	82.9%	86.7%	95.1%	94.9%	95.6%
Net Debt	-42	-99	-132	-267	-166	-1,553	-1,145
Cash & Equivalents	42	99	132	267	166	1,553	1,145
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	-212.64x	1.59x	1.29x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	-1.7	229.0	282.6	N/A	N/A	N/A	N/A
Receivables Turnover	9.56x	8.20x	8.32x	7.80x	6.89x	7.14x	6.13x
Days Sales Outstanding (DSO)	38.2	44.5	43.9	46.8	53.0	51.1	59.6
Payables Turnover	5.27x	4.37x	8.66x	18.77x	N/A	58.38x	71.89x
Days Payable Outstanding (DPO)	69.2	83.4	42.1	19.4	N/A	6.3	5.1
Cash Conversion Cycle	-32.7 days	190.0 days	284.4 days	27.4 days	53.0 days	44.9 days	54.5 days
Asset Turnover	1.72x	1.82x	1.54x	2.00x	2.31x	1.58x	1.26x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	N/A	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

Directors & board

სებაჰატინ სელიმ იონტანDirector სებაჰატინ სელიმ იონტანDirector ქერვან ამბალაჟ მათბააჯილიქ სანაი ვე თიჯარეთPartner / Shareholder ქერვან ამბალაჟ მათბააჯილიქ სანაი ვე თიჯარეთდამფუძნებელი

Ownership & directors from companyinfo.ge (public corporate registry).