შპს აივეი - 2

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	47.0%	47.3%	39.4%	38.4%	47.6%	53.8%	59.8%
EBITDA Margin	24.9%	15.4%	7.7%	5.8%	19.4%	16.2%	32.3%
EBITDAR	664	614	372	416	1,407	1,348	2,432
EBITDAR Margin	33.3%	22.1%	16.7%	17.5%	25.8%	23.0%	38.9%
EBIT Margin	21.5%	12.5%	5.6%	3.8%	15.3%	12.6%	28.8%
Net Profit Margin	18.1%	10.7%	7.2%	3.6%	13.5%	15.2%	33.8%
Operating Expense % of Sales	22.1%	31.9%	31.7%	32.6%	28.2%	37.6%	27.5%
Returns
Return on Assets (ROA)	80.4%	67.9%	42.6%	26.7%	11.5%	12.6%	26.1%
Return on Equity (ROE)	N/A	N/A	295.0%	109.5%	90.4%	52.3%	60.5%
ROIC [EBIT / Invested Capital]	124.0%	100.2%	40.6%	41.6%	16.8%	15.9%	30.9%
Leverage & liquidity
Debt-to-Assets	113.7%	85.6%	71.9%	53.0%	84.1%	73.0%	55.8%
Debt-to-Equity	-6.14x	-336.72x	4.98x	2.18x	6.63x	3.04x	1.30x
Debt-to-EBITDA	1.03x	0.87x	1.58x	1.23x	5.11x	5.47x	2.24x
Equity-to-Assets	-18.5%	-0.3%	14.4%	24.4%	12.7%	24.0%	43.1%
Net Debt	429	347	254	139	4,150	2,936	2,329
Cash & Equivalents	82	28	18	30	1,243	2,245	2,197
Total Debt	511	374	272	169	5,393	5,180	4,527
Efficiency & working capital
Inventory Turnover	N/A	17.35x	24.62x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	21.0	14.8	N/A	N/A	N/A	N/A
Receivables Turnover	96.94x	N/A	60.83x	39.62x	101.62x	440.70x	2372.22x
Days Sales Outstanding (DSO)	3.8	N/A	6.0	9.2	3.6	0.8	0.2
Payables Turnover	53.28x	27.09x	26.12x	21.73x	20.28x	23.80x	40.18x
Days Payable Outstanding (DPO)	6.8	13.5	14.0	16.8	18.0	15.3	9.1
Cash Conversion Cycle	-3.1 days	7.6 days	6.9 days	-7.6 days	-14.4 days	-14.5 days	-8.9 days
Asset Turnover	4.44x	6.34x	5.90x	7.44x	0.85x	0.83x	0.77x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A	N/A	N/A	N/A	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