Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	25.4%	24.9%	26.7%	27.1%	26.0%	26.9%	25.9%
EBITDA Margin	9.7%	12.2%	15.0%	19.2%	-10.9%	-7.7%	3.0%
EBITDAR	311	451	615	1,048	-538	-237	296
EBITDAR Margin	11.4%	13.5%	16.3%	19.8%	-9.9%	-5.0%	5.1%
EBIT Margin	8.7%	11.4%	14.4%	19.0%	-11.9%	-8.6%	2.2%
Net Profit Margin	9.7%	12.2%	15.0%	19.2%	-10.9%	-7.7%	2.0%
Operating Expense % of Sales	15.8%	12.7%	11.7%	7.9%	36.9%	34.6%	22.9%
Returns
Return on Assets (ROA)	24.2%	32.5%	34.5%	46.3%	-27.1%	-19.0%	6.3%
Return on Equity (ROE)	250.1%	79.4%	52.6%	48.5%	-39.7%	-32.2%	9.3%
ROIC [EBIT / Invested Capital]	50.7%	61.1%	49.7%	48.0%	-39.3%	-29.8%	9.8%
Leverage & debt balances
Debt-to-Assets	36.4%	9.4%	10.6%	4.5%	11.8%	14.9%	8.5%
Debt-to-Equity	3.76x	0.23x	0.16x	0.05x	0.17x	0.25x	0.13x
Debt-to-EBITDA	1.50x	0.29x	0.31x	0.10x	N/A	N/A	0.90x
Equity-to-Assets	9.7%	40.9%	65.6%	95.5%	68.2%	59.0%	67.2%
Net Debt	362	111	12	6	150	244	67
Cash & Equivalents	34	6	163	92	110	42	92
Total Debt	396	118	175	98	260	286	159
Liquidity & working capital
Current Ratio	1.00x	1.00x	1.00x	21.29x	2.69x	2.76x	3.86x
Quick Ratio	1.00x	0.57x	0.59x	9.53x	2.69x	2.76x	3.86x
Cash Ratio	0.03x	0.01x	0.10x	0.94x	0.42x	0.15x	0.58x
Total Current Assets	1,089	1,251	1,646	2,095	699	790	612
Total Current Liabilities	1,089	1,251	1,646	98	260	286	159
Inventory	N/A	538	669	1,157	N/A	N/A	N/A
Trade Receivables	275	473	606	658	962	1,003	835
Trade Payables	493	512	384	N/A	231	398	453
Net Working Capital	0	0	0	1,997	439	504	453
Net Working Capital % of Revenue	0.0%	0.0%	0.0%	37.7%	8.0%	10.6%	7.7%
Trade Working Capital	-218	499	891	1,815	731	605	382
Trade Working Capital % of Revenue	-8.0%	15.0%	23.6%	34.3%	13.4%	12.7%	6.5%
Change in Trade Working Capital	N/A	716	393	924	-1,084	-126	-223
Turnover & efficiency
Inventory Turnover	N/A	4.65x	4.13x	3.34x	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	78.5	88.3	109.4	N/A	N/A	N/A
Receivables Turnover	9.91x	7.05x	6.22x	8.05x	5.68x	4.75x	7.00x
Days Sales Outstanding (DSO)	36.8	51.8	58.6	45.3	64.3	76.9	52.1
Payables Turnover	4.12x	4.88x	7.20x	N/A	17.51x	8.75x	9.56x
Days Payable Outstanding (DPO)	88.5	74.7	50.7	N/A	20.8	41.7	38.2
Cash Conversion Cycle	-51.7 days	55.5 days	96.2 days	154.7 days	43.4 days	35.2 days	13.9 days
Asset Turnover	2.50x	2.66x	2.29x	2.41x	2.48x	2.47x	3.14x
Cash flow & dividends
Operating Cash Flow	17	34	6	92	170	341	88
Free Cash Flow (OCF − Capex proxy)	17	34	6	92	170	341	88
Cash Conversion (OCF / EBITDA)	6.6%	8.3%	1.1%	9.1%	N/A	N/A	50.1%
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

ოზბაშ მეთინ100.0%

ოზბაშ მეთინPartner / Shareholder100.0%

Directors & board

ოზბაშ მეთინDirector

Ownership & directors from companyinfo.ge (public corporate registry).