Ratio	2022	2023	2024
Margins
Gross Margin	27.4%	65.4%	55.2%
EBITDA Margin	-0.4%	24.2%	3.8%
EBITDAR	12	1,019	377
EBITDAR Margin	1.8%	27.5%	8.8%
EBIT Margin	-0.4%	23.5%	1.7%
Net Profit Margin	-0.4%	23.6%	1.6%
Operating Expense % of Sales	27.8%	41.2%	51.4%
Returns
Return on Assets (ROA)	-0.3%	39.2%	4.7%
Return on Equity (ROE)	-0.3%	50.0%	9.3%
ROIC [EBIT / Invested Capital]	-0.3%	50.9%	8.1%
Leverage & liquidity
Debt-to-Assets	0.4%	1.2%	20.8%
Debt-to-Equity	0.00x	0.02x	0.42x
Debt-to-EBITDA	N/A	0.03x	1.92x
Equity-to-Assets	94.3%	78.3%	50.0%
Net Debt	-67	-32	166
Cash & Equivalents	71	58	149
Total Debt	4	26	314
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	9.12x	25.11x	8.71x
Days Sales Outstanding (DSO)	40.0	14.5	41.9
Payables Turnover	N/A	2.93x	4.66x
Days Payable Outstanding (DPO)	N/A	124.5	78.4
Cash Conversion Cycle	40.0 days	-110.0 days	-36.4 days
Asset Turnover	0.70x	1.66x	2.83x
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