Ratio	2018	2019	2020
Margins
Gross Margin	100.0%	100.0%	100.0%
EBITDA Margin	42.5%	-26.7%	-168.9%
EBITDAR	6,837	-3,404	-1,704
EBITDAR Margin	42.5%	-26.7%	-167.6%
EBIT Margin	42.5%	-26.7%	-168.9%
Net Profit Margin	43.2%	-26.9%	-170.8%
Operating Expense % of Sales	57.5%	126.7%	268.9%
Returns
Return on Assets (ROA)	88.9%	-98.2%	-107.7%
Return on Equity (ROE)	99.4%	-101.5%	-112.6%
ROIC [EBIT / Invested Capital]	107.4%	-112.7%	-127.2%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	N/A	N/A
Equity-to-Assets	89.5%	96.8%	95.7%
Net Debt	-614	-360	-192
Cash & Equivalents	614	360	192
Total Debt	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	2.24x	4.17x	0.80x
Days Sales Outstanding (DSO)	163.2	87.5	455.5
Payables Turnover	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A
Cash Conversion Cycle	163.2 days	87.5 days	455.5 days
Asset Turnover	2.06x	3.65x	0.63x
Cash flow & dividends
Operating Cash Flow	597	-85	-59
Free Cash Flow (OCF − Capex proxy)	597	-85	-59
Cash Conversion (OCF / EBITDA)	8.7%	N/A	N/A
Dividends Declared	N/A	N/A	N/A
Dividend Payout Ratio	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