შპს პირველი

Ratio	2020	2021	2022	2023	2024
Margins
Gross Margin	22.4%	21.8%	22.6%	21.6%	20.1%
EBITDA Margin	1.8%	-2.1%	-1.0%	7.2%	-1.5%
EBITDAR	196	223	310	1,182	411
EBITDAR Margin	10.8%	6.2%	5.8%	13.2%	4.1%
EBIT Margin	1.4%	-2.4%	-1.3%	6.8%	-1.8%
Net Profit Margin	1.8%	-0.9%	-0.6%	0.0%	-1.3%
Operating Expense % of Sales	20.6%	23.9%	23.6%	14.4%	21.6%
Returns
Return on Assets (ROA)	7.4%	-7.5%	-3.1%	0.1%	-12.1%
Return on Equity (ROE)	37.5%	-272.2%	N/A	N/A	N/A
ROIC [EBIT / Invested Capital]	N/A	N/A	N/A	N/A	N/A
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	4.8%	7.1%	6.5%
Debt-to-Equity	0.00x	0.00x	-1.35x	-2.69x	-0.55x
Debt-to-EBITDA	0.00x	N/A	N/A	0.14x	N/A
Equity-to-Assets	19.7%	2.7%	-3.5%	-2.6%	-11.8%
Net Debt	-93	-89	-107	-71	-85
Cash & Equivalents	93	89	154	161	156
Total Debt	N/A	N/A	47	90	70
Efficiency & working capital
Inventory Turnover	5.52x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	66.1	N/A	N/A	N/A	N/A
Receivables Turnover	45.36x	74.03x	44.12x	47.70x	61.51x
Days Sales Outstanding (DSO)	8.0	4.9	8.3	7.7	5.9
Payables Turnover	4.23x	6.80x	4.41x	6.23x	7.68x
Days Payable Outstanding (DPO)	86.2	53.6	82.7	58.5	47.5
Cash Conversion Cycle	-12.1 days	-48.7 days	-74.4 days	-50.9 days	-41.6 days
Asset Turnover	4.13x	7.95x	5.36x	7.07x	9.27x
Cash flow & dividends
Operating Cash Flow	50	-4	65	7	-5
Free Cash Flow (OCF − Capex proxy)	50	-4	65	7	-5
Cash Conversion (OCF / EBITDA)	155.6%	N/A	N/A	1.0%	N/A
Dividends Declared	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	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