Ratio	2022	2023	2024
Margins
Gross Margin	100.0%	20.8%	21.2%
EBITDA Margin	10.8%	9.8%	8.9%
EBITDAR	392	736	423
EBITDAR Margin	10.8%	11.0%	8.9%
EBIT Margin	10.8%	9.1%	8.9%
Net Profit Margin	9.1%	9.1%	14.3%
Operating Expense % of Sales	89.2%	11.0%	12.3%
Returns
Return on Assets (ROA)	69.0%	46.2%	36.9%
Return on Equity (ROE)	69.0%	55.8%	38.6%
ROIC [EBIT / Invested Capital]	100.1%	62.3%	26.5%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	4.4%
Debt-to-Equity	0.00x	0.00x	0.05x
Debt-to-EBITDA	0.00x	0.00x	0.19x
Equity-to-Assets	100.0%	82.8%	95.6%
Net Debt	-87	-109	-166
Cash & Equivalents	87	109	248
Total Debt	N/A	N/A	82
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	12.35x	6.23x	3.17x
Days Sales Outstanding (DSO)	29.6	58.5	115.2
Payables Turnover	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A
Cash Conversion Cycle	29.6 days	58.5 days	115.2 days
Asset Turnover	7.59x	5.10x	2.58x
Cash flow & dividends
Operating Cash Flow	149	224	184
Free Cash Flow (OCF − Capex proxy)	149	106	184
Cash Conversion (OCF / EBITDA)	37.9%	34.1%	43.5%
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