Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	39.3%	25.7%	32.2%	30.3%	25.2%	25.5%	29.4%
EBITDA Margin	27.2%	15.7%	25.3%	24.2%	18.5%	18.4%	20.9%
EBITDAR	1,564	705	1,653	1,943	1,747	1,975	2,425
EBITDAR Margin	28.9%	16.9%	26.1%	24.9%	19.0%	18.8%	21.3%
EBIT Margin	27.0%	15.5%	25.1%	24.1%	18.4%	18.3%	20.8%
Net Profit Margin	25.4%	10.9%	29.3%	18.5%	10.9%	19.1%	20.3%
Operating Expense % of Sales	12.1%	10.0%	6.9%	6.1%	6.7%	7.1%	8.6%
Returns
Return on Assets (ROA)	60.3%	33.9%	66.5%	35.2%	19.5%	35.4%	39.5%
Return on Equity (ROE)	114.9%	71.6%	74.5%	38.6%	22.9%	43.2%	61.9%
ROIC [EBIT / Invested Capital]	284.6%	3832.8%	294.7%	412.5%	247.6%	262.6%	272.7%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	52.5%	47.3%	89.2%	91.3%	85.2%	81.9%	63.7%
Net Debt	-682	-616	-1,947	-3,291	-3,682	-3,912	-2,879
Cash & Equivalents	682	616	1,947	3,291	3,682	3,912	2,879
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	5604.67x	23481.45x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	0.1	0.0	N/A	N/A	N/A	N/A
Receivables Turnover	3.71x	6.45x	7.93x	10.45x	6.72x	6.19x	4.36x
Days Sales Outstanding (DSO)	98.3	56.6	46.0	34.9	54.3	58.9	83.8
Payables Turnover	13.49x	9.36x	18.78x	18.09x	9.66x	7.82x	6.08x
Days Payable Outstanding (DPO)	27.1	39.0	19.4	20.2	37.8	46.7	60.0
Cash Conversion Cycle	71.2 days	17.6 days	26.6 days	14.8 days	16.5 days	12.3 days	23.8 days
Asset Turnover	2.37x	3.12x	2.27x	1.90x	1.79x	1.85x	1.94x
Cash flow & dividends
Operating Cash Flow	98	-66	1,331	1,344	390	230	N/A
Free Cash Flow (OCF − Capex proxy)	98	-66	1,331	1,344	390	230	N/A
Cash Conversion (OCF / EBITDA)	6.6%	-10.0%	83.1%	71.2%	23.0%	11.9%	N/A
Dividends Declared	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	N/A	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