Ratio	2021	2022	2023	2024
Margins
Gross Margin	35.5%	42.1%	91.1%	100.0%
EBITDA Margin	30.8%	18.7%	-682.1%	56.3%
EBITDAR	1,734	551	-1,684	2,787
EBITDAR Margin	30.8%	18.7%	-682.1%	56.3%
EBIT Margin	30.6%	18.3%	-686.1%	56.1%
Net Profit Margin	30.1%	18.1%	-686.6%	55.6%
Operating Expense % of Sales	4.6%	23.4%	773.3%	43.7%
Returns
Return on Assets (ROA)	61.2%	17.2%	-55.7%	48.6%
Return on Equity (ROE)	89.4%	22.0%	-231.9%	79.0%
ROIC [EBIT / Invested Capital]	N/A	151.5%	N/A	N/A
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	N/A	0.00x
Equity-to-Assets	68.5%	78.3%	24.0%	61.5%
Net Debt	-1,964	-2,069	-1,715	-3,621
Cash & Equivalents	1,964	2,069	1,715	3,621
Total Debt	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A
Receivables Turnover	10.46x	5.54x	0.22x	2.82x
Days Sales Outstanding (DSO)	34.9	65.8	1628.1	129.6
Payables Turnover	92.12x	4.17x	0.01x	N/A
Days Payable Outstanding (DPO)	4.0	87.5	32419.0	N/A
Cash Conversion Cycle	30.9 days	-21.7 days	-30791.0 days	129.6 days
Asset Turnover	2.03x	0.95x	0.08x	0.87x
Cash flow & dividends
Operating Cash Flow	N/A	105	-354	1,907
Free Cash Flow (OCF − Capex proxy)	N/A	105	-354	1,907
Cash Conversion (OCF / EBITDA)	N/A	19.0%	N/A	68.4%
Dividends Declared	N/A	N/A	N/A	N/A
Dividend Payout Ratio	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