Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	18.3%	16.5%	17.6%	18.6%	18.6%	19.2%	20.6%
EBITDA Margin	9.9%	8.0%	10.5%	10.8%	12.5%	8.5%	10.4%
EBITDAR	528	571	1,110	1,333	1,941	1,634	1,837
EBITDAR Margin	13.4%	11.5%	14.5%	14.8%	15.2%	14.8%	16.0%
EBIT Margin	9.5%	7.5%	9.9%	9.9%	11.7%	7.3%	9.3%
Net Profit Margin	9.1%	8.0%	12.9%	8.5%	8.5%	6.4%	3.6%
Operating Expense % of Sales	8.4%	8.5%	7.1%	7.8%	6.2%	10.7%	10.3%
Returns
Return on Assets (ROA)	41.3%	29.2%	43.7%	25.1%	15.8%	9.9%	7.3%
Return on Equity (ROE)	42.5%	32.0%	44.3%	25.5%	26.5%	14.8%	15.8%
ROIC [EBIT / Invested Capital]	65.4%	32.0%	94.6%	81.5%	77.0%	N/A	N/A
Leverage & liquidity
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	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	97.1%	91.4%	98.7%	98.5%	59.4%	66.7%	46.2%
Net Debt	-273	-80	-1,430	-1,895	-2,132	-4,783	-3,243
Cash & Equivalents	273	80	1,430	1,895	2,132	4,783	3,243
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Receivables Turnover	8.48x	4.49x	12.59x	10.00x	3.52x	7.63x	13.68x
Days Sales Outstanding (DSO)	43.0	81.2	29.0	36.5	103.6	47.8	26.7
Payables Turnover	127.37x	35.63x	207.84x	163.62x	110.79x	1197.80x	126.88x
Days Payable Outstanding (DPO)	2.9	10.2	1.8	2.2	3.3	0.3	2.9
Cash Conversion Cycle	40.2 days	71.0 days	27.2 days	34.3 days	100.3 days	47.5 days	23.8 days
Asset Turnover	4.54x	3.66x	3.39x	2.97x	1.86x	1.54x	2.03x
Cash flow & dividends
Operating Cash Flow	N/A	-214	1,164	N/A	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	-214	1,164	N/A	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	-53.6%	145.1%	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