შპს Innovatech

Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	32.1%	28.4%	32.3%	27.9%	23.6%	30.7%	31.0%
EBITDA Margin	16.5%	13.6%	21.2%	16.7%	13.5%	10.0%	18.7%
EBITDAR	489	438	904	657	651	591	1,147
EBITDAR Margin	18.6%	15.6%	22.4%	17.8%	14.3%	10.7%	19.7%
EBIT Margin	16.4%	13.5%	20.9%	16.0%	12.7%	9.4%	18.1%
Net Profit Margin	16.4%	9.8%	18.0%	12.8%	10.3%	12.8%	19.5%
Operating Expense % of Sales	15.6%	14.8%	11.1%	11.2%	10.2%	20.7%	12.3%
Returns
Return on Assets (ROA)	20.9%	14.3%	30.9%	15.2%	13.2%	14.5%	20.0%
Return on Equity (ROE)	35.2%	24.1%	39.1%	20.3%	16.7%	19.1%	27.7%
ROIC [EBIT / Invested Capital]	71.1%	30.6%	41.7%	23.7%	20.5%	17.0%	35.7%
Leverage & liquidity
Debt-to-Assets	8.3%	6.0%	12.5%	9.2%	2.9%	0.0%	0.0%
Debt-to-Equity	0.14x	0.10x	0.16x	0.12x	0.04x	0.00x	0.00x
Debt-to-EBITDA	0.39x	0.30x	0.34x	0.47x	0.17x	0.00x	0.00x
Equity-to-Assets	59.3%	59.4%	79.1%	74.8%	78.8%	75.7%	72.3%
Net Debt	-617	98	164	156	15	-658	-1,140
Cash & Equivalents	787	17	131	133	88	658	1,140
Total Debt	170	115	295	289	104	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	1.23x	1.66x	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	295.6	220.0	N/A	N/A	N/A	N/A
Receivables Turnover	10.02x	12.24x	17.68x	7.72x	38.42x	14.85x	12.40x
Days Sales Outstanding (DSO)	36.4	29.8	20.6	47.3	9.5	24.6	29.4
Payables Turnover	2.79x	3.09x	13.79x	5.32x	5.35x	3.37x	2.75x
Days Payable Outstanding (DPO)	130.9	118.3	26.5	68.6	68.2	108.4	132.9
Cash Conversion Cycle	-94.5 days	207.1 days	214.2 days	-21.3 days	-58.7 days	-83.9 days	-103.4 days
Asset Turnover	1.27x	1.46x	1.71x	1.18x	1.27x	1.13x	1.03x
Cash flow & dividends
Operating Cash Flow	N/A	-770	114	1	-44	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	-770	114	1	-44	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	-201.8%	13.3%	0.2%	-7.2%	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