Ratio	2021	2022	2023	2024
Margins
Gross Margin	98.7%	98.3%	97.6%	97.8%
EBITDA Margin	20.4%	16.6%	12.9%	11.0%
EBITDAR	632	1,071	1,038	873
EBITDAR Margin	24.5%	20.6%	15.7%	14.2%
EBIT Margin	18.0%	13.8%	10.5%	9.1%
Net Profit Margin	16.2%	10.3%	9.1%	9.1%
Operating Expense % of Sales	78.3%	81.8%	84.7%	86.8%
Returns
Return on Assets (ROA)	36.8%	43.8%	44.3%	44.7%
Return on Equity (ROE)	52.9%	61.9%	64.6%	63.0%
ROIC [EBIT / Invested Capital]	134.6%	110.5%	76.7%	72.9%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	69.5%	70.8%	68.6%	71.0%
Net Debt	-446	-216	-25	-123
Cash & Equivalents	446	216	25	123
Total Debt	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A
Receivables Turnover	7.10x	7.68x	5.70x	5.84x
Days Sales Outstanding (DSO)	51.4	47.5	64.1	62.5
Payables Turnover	10.76x	13.58x	30.25x	17.67x
Days Payable Outstanding (DPO)	33.9	26.9	12.1	20.7
Cash Conversion Cycle	17.4 days	20.6 days	52.0 days	41.9 days
Asset Turnover	2.27x	4.25x	4.88x	4.92x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A	N/A
Dividend Payout Ratio	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