შპს STL-PAK

Ratio	2020	2021	2022	2023
Margins
Gross Margin	16.2%	18.3%	22.7%	23.5%
EBITDA Margin	11.8%	15.2%	17.6%	10.1%
EBITDAR	235	532	389	152
EBITDAR Margin	11.8%	15.2%	17.6%	10.1%
EBIT Margin	9.3%	15.1%	17.6%	2.1%
Net Profit Margin	-11.3%	14.8%	19.0%	-6.0%
Operating Expense % of Sales	4.4%	3.0%	5.1%	13.4%
Returns
Return on Assets (ROA)	-10.2%	20.3%	17.8%	-3.7%
Return on Equity (ROE)	-61.1%	58.4%	32.1%	-7.4%
ROIC [EBIT / Invested Capital]	10.7%	25.2%	18.2%	1.6%
Leverage & liquidity
Debt-to-Assets	71.8%	53.1%	41.4%	33.6%
Debt-to-Equity	4.29x	1.52x	0.74x	0.67x
Debt-to-EBITDA	6.74x	2.54x	2.50x	5.38x
Equity-to-Assets	16.7%	34.9%	55.6%	50.0%
Net Debt	1,363	1,211	834	804
Cash & Equivalents	222	142	139	15
Total Debt	1,584	1,353	973	818
Efficiency & working capital
Inventory Turnover	3.41x	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	107.1	N/A	N/A	N/A
Receivables Turnover	2.13x	2.71x	1.98x	1.34x
Days Sales Outstanding (DSO)	171.5	134.7	184.5	272.6
Payables Turnover	6.60x	9.35x	23.66x	2.94x
Days Payable Outstanding (DPO)	55.3	39.0	15.4	124.2
Cash Conversion Cycle	223.2 days	95.7 days	169.0 days	148.3 days
Asset Turnover	0.90x	1.37x	0.94x	0.62x
Cash flow & dividends
Operating Cash Flow	-31	-210	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	-31	-210	N/A	N/A
Cash Conversion (OCF / EBITDA)	-13.4%	-39.5%	N/A	N/A
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