Ratio	2023	2024
Margins
Gross Margin	9.9%	12.2%
EBITDA Margin	6.8%	8.8%
EBITDAR	612	858
EBITDAR Margin	6.8%	8.8%
EBIT Margin	6.6%	8.8%
Net Profit Margin	5.8%	7.4%
Operating Expense % of Sales	3.1%	3.3%
Returns
Return on Assets (ROA)	41.1%	37.9%
Return on Equity (ROE)	52.9%	50.3%
ROIC [EBIT / Invested Capital]	53.2%	59.1%
Leverage & liquidity
Debt-to-Assets	16.3%	11.7%
Debt-to-Equity	0.21x	0.16x
Debt-to-EBITDA	0.34x	0.26x
Equity-to-Assets	77.6%	75.3%
Net Debt	138	7
Cash & Equivalents	68	216
Total Debt	206	223
Efficiency & working capital
Inventory Turnover	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A
Receivables Turnover	8.46x	6.65x
Days Sales Outstanding (DSO)	43.1	54.9
Payables Turnover	325.23x	71.73x
Days Payable Outstanding (DPO)	1.1	5.1
Cash Conversion Cycle	42.0 days	49.8 days
Asset Turnover	7.10x	5.10x
Cash flow & dividends
Operating Cash Flow	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A
Dividends Declared	N/A	N/A
Dividend Payout Ratio	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