Ratio	2022	2023	2024
Margins
Gross Margin	100.0%	100.0%	100.0%
EBITDA Margin	-8.4%	5.3%	20.0%
EBITDAR	-118	472	1,401
EBITDAR Margin	-3.3%	8.8%	24.5%
EBIT Margin	-8.4%	5.2%	19.4%
Net Profit Margin	-9.9%	4.0%	19.1%
Operating Expense % of Sales	108.4%	94.7%	80.0%
Returns
Return on Assets (ROA)	-54.3%	28.9%	46.6%
Return on Equity (ROE)	N/A	162.4%	222.8%
ROIC [EBIT / Invested Capital]	N/A	N/A	N/A
Leverage & liquidity
Debt-to-Assets	2.6%	2.4%	1.2%
Debt-to-Equity	-0.21x	0.14x	0.06x
Debt-to-EBITDA	N/A	0.06x	0.02x
Equity-to-Assets	-12.3%	17.8%	20.9%
Net Debt	-569	-616	-1,237
Cash & Equivalents	587	634	1,264
Total Debt	17	18	28
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	3422.46x	461.04x	6.29x
Days Sales Outstanding (DSO)	0.1	0.8	58.0
Payables Turnover	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A
Cash Conversion Cycle	0.1 days	0.8 days	58.0 days
Asset Turnover	5.46x	7.30x	2.44x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	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