Ratio	2018	2019	2020
Margins
Gross Margin	67.3%	49.5%	41.7%
EBITDA Margin	42.6%	39.8%	34.6%
EBITDAR	1,191	2,783	397
EBITDAR Margin	43.3%	40.1%	36.6%
EBIT Margin	42.5%	39.8%	34.4%
Net Profit Margin	43.6%	41.4%	43.0%
Operating Expense % of Sales	24.7%	9.7%	7.2%
Returns
Return on Assets (ROA)	100.0%	265.5%	40.0%
Return on Equity (ROE)	100.0%	265.5%	40.1%
ROIC [EBIT / Invested Capital]	286.7%	1513.5%	154.9%
Leverage & liquidity
Debt-to-Assets	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x
Equity-to-Assets	100.0%	100.0%	99.8%
Net Debt	-792	-899	-922
Cash & Equivalents	792	899	922
Total Debt	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	7.17x	40.61x	5.33x
Days Sales Outstanding (DSO)	50.9	9.0	68.5
Payables Turnover	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A
Cash Conversion Cycle	50.9 days	9.0 days	68.5 days
Asset Turnover	2.29x	6.41x	0.93x
Cash flow & dividends
Operating Cash Flow	757	-3	-70
Free Cash Flow (OCF − Capex proxy)	757	-3	-70
Cash Conversion (OCF / EBITDA)	64.6%	-0.1%	-18.7%
Dividends Declared	N/A	N/A	N/A
Dividend Payout Ratio	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