Ratio	2018	2019	2020	2021
Margins
Gross Margin	99.6%	100.0%	100.0%	100.0%
EBITDA Margin	-44.8%	46.2%	-16.3%	12.9%
EBITDAR	-1,720	597	-186	214
EBITDAR Margin	-44.7%	46.7%	-16.1%	13.2%
EBIT Margin	-45.0%	45.7%	-16.8%	12.6%
Net Profit Margin	-46.6%	28.7%	-15.5%	13.3%
Operating Expense % of Sales	144.4%	53.8%	116.3%	87.1%
Returns
Return on Assets (ROA)	-127.9%	23.8%	-11.7%	18.5%
Return on Equity (ROE)	N/A	N/A	N/A	N/A
ROIC [EBIT / Invested Capital]	N/A	N/A	N/A	N/A
Leverage & liquidity
Debt-to-Assets	99.4%	0.0%	0.0%	0.0%
Debt-to-Equity	-0.60x	-0.00x	-0.00x	-0.00x
Debt-to-EBITDA	N/A	0.00x	N/A	0.00x
Equity-to-Assets	-166.9%	-128.2%	-138.6%	-164.7%
Net Debt	1,375	-170	-3	-70
Cash & Equivalents	18	170	3	70
Total Debt	1,393	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	154.63x	57.95x	22.22x	31.66x
Days Sales Outstanding (DSO)	2.4	6.3	16.4	11.5
Payables Turnover	0.01x	N/A	N/A	N/A
Days Payable Outstanding (DPO)	47169.5	N/A	N/A	N/A
Cash Conversion Cycle	-47167.2 days	6.3 days	16.4 days	11.5 days
Asset Turnover	2.75x	0.83x	0.75x	1.39x
Cash flow & dividends
Operating Cash Flow	-1,431	1,768	-118	N/A
Free Cash Flow (OCF − Capex proxy)	-1,431	1,768	-118	N/A
Cash Conversion (OCF / EBITDA)	N/A	299.9%	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