Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	99.8%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
EBITDA Margin	18.5%	9.4%	-43.3%	27.0%	7.1%	17.1%	14.4%
EBITDAR	1,353	757	-415	904	260	1,664	1,151
EBITDAR Margin	19.1%	10.0%	-40.4%	27.5%	7.6%	17.5%	15.3%
EBIT Margin	18.3%	9.0%	-46.9%	25.8%	5.9%	16.6%	13.9%
Net Profit Margin	18.9%	7.7%	-24.0%	19.1%	-3.8%	15.3%	10.5%
Operating Expense % of Sales	81.2%	90.6%	143.3%	73.0%	92.9%	82.9%	85.6%
Returns
Return on Assets (ROA)	48.2%	26.5%	-15.8%	35.3%	-8.2%	70.4%	42.9%
Return on Equity (ROE)	54.7%	28.8%	-17.6%	41.1%	-12.5%	82.9%	66.7%
ROIC [EBIT / Invested Capital]	291.2%	247.4%	-416.4%	892.6%	N/A	N/A	N/A
Leverage & debt balances
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	N/A	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	88.1%	91.8%	90.1%	85.8%	65.8%	84.9%	64.3%
Net Debt	-1,997	-1,748	-1,284	-1,433	-1,220	-1,869	-1,238
Cash & Equivalents	1,997	1,748	1,284	1,433	1,220	1,869	1,238
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Liquidity & working capital
Current Ratio	N/A	11.23x	9.14x	6.53x	2.67x	6.29x	2.66x
Quick Ratio	N/A	11.14x	9.04x	6.53x	2.67x	6.29x	2.66x
Cash Ratio	N/A	9.70x	8.34x	5.66x	2.26x	5.98x	1.88x
Total Current Assets	2,636	2,022	1,407	1,654	1,443	1,967	1,752
Total Current Liabilities	N/A	180	154	253	540	313	658
Inventory	N/A	15	15	N/A	N/A	N/A	N/A
Trade Receivables	208	74	68	200	92	50	201
Trade Payables	329	158	86	177	512	282	639
Net Working Capital	2,636	1,842	1,253	1,401	902	1,655	1,094
Net Working Capital % of Revenue	37.2%	24.4%	122.0%	42.7%	26.5%	17.4%	14.5%
Trade Working Capital	-122	-70	-3	23	-421	-232	-439
Trade Working Capital % of Revenue	-1.7%	-0.9%	-0.3%	0.7%	-12.4%	-2.4%	-5.8%
Change in Trade Working Capital	N/A	52	67	26	-444	189	-207
Turnover & efficiency
Inventory Turnover	N/A	0.02x	N/A	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	22375.8	N/A	N/A	N/A	N/A	N/A
Receivables Turnover	34.18x	102.67x	15.12x	16.43x	37.11x	191.29x	37.46x
Days Sales Outstanding (DSO)	10.7	3.6	24.1	22.2	9.8	1.9	9.7
Payables Turnover	0.05x	0.00x	N/A	N/A	N/A	N/A	N/A
Days Payable Outstanding (DPO)	7814.8	233950.2	N/A	N/A	N/A	N/A	N/A
Cash Conversion Cycle	-7804.1 days	-211570.8 days	24.1 days	22.2 days	9.8 days	1.9 days	9.7 days
Asset Turnover	2.56x	3.43x	0.66x	1.84x	2.15x	4.60x	4.09x
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

Shareholders

ირმა კოდუა60.0%
ელენა დემიდოვა40.0%

ირმა კოდუაind. entrepreneurPartner / Shareholder60.0%ელენა დემიდოვაPartner / Shareholder40.0%

Key metrics

Revenue & margins

Financial statements

Ownership & group structure

Shareholders

Directors & board