Ratio	2023	2024
Margins
Gross Margin	38.9%	38.3%
EBITDA Margin	32.9%	28.6%
EBITDAR	1,459	1,542
EBITDAR Margin	34.1%	30.5%
EBIT Margin	30.9%	26.3%
Net Profit Margin	30.6%	26.5%
Operating Expense % of Sales	5.9%	9.7%
Returns
Return on Assets (ROA)	28.2%	25.7%
Return on Equity (ROE)	37.5%	27.8%
ROIC [EBIT / Invested Capital]	50.9%	35.3%
Leverage & liquidity
Debt-to-Assets	4.3%	1.9%
Debt-to-Equity	0.06x	0.02x
Debt-to-EBITDA	0.14x	0.07x
Equity-to-Assets	75.2%	92.4%
Net Debt	-891	-1,049
Cash & Equivalents	1,088	1,145
Total Debt	197	97
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	10.79x	11.34x
Days Sales Outstanding (DSO)	33.8	32.2
Payables Turnover	2.76x	11.20x
Days Payable Outstanding (DPO)	132.3	32.6
Cash Conversion Cycle	-98.4 days	-0.4 days
Asset Turnover	0.92x	0.97x
Cash flow & dividends
Operating Cash Flow	780	58
Free Cash Flow (OCF − Capex proxy)	780	58
Cash Conversion (OCF / EBITDA)	55.4%	4.0%
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