Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	23.7%	21.0%	26.4%	24.5%	27.0%	25.6%	24.7%
EBITDA Margin	21.2%	19.3%	24.4%	21.9%	25.0%	24.0%	22.5%
EBITDAR	1,066	1,233	1,539	1,658	2,129	2,264	2,076
EBITDAR Margin	21.6%	19.6%	24.7%	22.2%	25.2%	24.2%	22.7%
EBIT Margin	21.0%	19.0%	24.2%	21.6%	24.6%	23.6%	22.3%
Net Profit Margin	20.3%	18.5%	14.6%	22.6%	22.0%	20.7%	19.8%
Operating Expense % of Sales	2.5%	1.8%	1.9%	2.5%	2.0%	1.6%	2.2%
Returns
Return on Assets (ROA)	38.2%	38.0%	21.2%	31.9%	35.1%	36.3%	34.0%
Return on Equity (ROE)	57.9%	51.2%	31.1%	45.1%	51.0%	47.7%	42.8%
ROIC [EBIT / Invested Capital]	71.7%	73.7%	69.1%	51.1%	51.3%	55.4%	48.6%
Leverage & liquidity
Debt-to-Assets	8.7%	3.4%	4.7%	12.9%	9.9%	1.0%	0.4%
Debt-to-Equity	0.13x	0.05x	0.07x	0.18x	0.14x	0.01x	0.00x
Debt-to-EBITDA	0.22x	0.09x	0.13x	0.42x	0.25x	0.02x	0.01x
Equity-to-Assets	66.1%	74.3%	68.2%	70.6%	68.9%	76.0%	79.4%
Net Debt	-288	-649	-729	-590	415	-68	-30
Cash & Equivalents	516	753	931	1,276	109	124	50
Total Debt	228	104	202	687	524	56	20
Efficiency & working capital
Inventory Turnover	N/A	2.57x	1.58x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	142.2	231.4	N/A	N/A	N/A	N/A
Receivables Turnover	16.60x	19.85x	15.81x	22.79x	15.65x	14.74x	18.70x
Days Sales Outstanding (DSO)	22.0	18.4	23.1	16.0	23.3	24.8	19.5
Payables Turnover	5.71x	7.81x	4.15x	7.08x	5.52x	5.67x	6.62x
Days Payable Outstanding (DPO)	63.9	46.7	88.1	51.6	66.2	64.4	55.1
Cash Conversion Cycle	-41.9 days	113.8 days	166.4 days	-35.5 days	-42.8 days	-39.7 days	-35.6 days
Asset Turnover	1.89x	2.06x	1.46x	1.41x	1.60x	1.75x	1.72x
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